Australia Flow Diverters Market Size & Outlook, 2023-2030
Australia flow diverters market, 2018-2030 (US$M)
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Australia flow diverters market highlights
- The Australia flow diverters market generated a revenue of USD 6.7 million in 2023 and is expected to reach USD 17.4 million by 2030.
- The Australia market is expected to grow at a CAGR of 14.7% from 2024 to 2030.
- In terms of segment, >5mm was the largest revenue generating product in 2023.
- 3-4mm is the most lucrative product segment registering the fastest growth during the forecast period.
Flow diverters market data book summary
| Market revenue in 2023 | USD 6.7 million |
| Market revenue in 2030 | USD 17.4 million |
| Growth rate | 14.7% (CAGR from 2023 to 2030) |
| Largest segment | >5mm |
| Fastest growing segment | 3-4mm |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 2-3mm, 3-4mm, 4-5mm, >5mm |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Terumo Corp, MicroPort Scientific Corp, Johnson & Johnson, InspireMD Inc, Balt, Phenox, Acandis GmbH |
Other key industry trends
- In terms of revenue, Australia accounted for 2.2% of the global flow diverters market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan flow diverters market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 16.0 million by 2030.
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Flow Diverters Market Scope
Flow Diverters Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia flow diverters market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flow diverters market will help companies and investors design strategic landscapes.
>5mm was the largest segment with a revenue share of 64.18% in 2023. Horizon Databook has segmented the Australia flow diverters market based on 2-3mm, 3-4mm, 4-5mm, >5mm covering the revenue growth of each sub-segment from 2018 to 2030.
Various initiatives by government and nongovernment organizations related to intracranial aneurysms are expected to drive the market in Australia. For instance, the USD 500.00 million Australian Brain Alliance is a collaboration for developing advanced treatment of neurological disorders.
In 2019, GE Healthcare, Macquarie University, and Fujitsu Australia announced a research collaboration to improve the diagnosis of brain aneurysms. The Department of Industry, Innovation, and Science provided a grant of USD 1.40 million toward this collaboration.
According to the Australian Institute of Health and Welfare, as of July 2022, roughly 4.4 million individuals in Australia were living with disabilities caused by severe head injuries. In addition, a report published by the same institute in 2022 revealed that healthcare spending accounts for 10.5% of Australia's GDP.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia flow diverters market , including forecasts for subscribers. This country databook contains high-level insights into Australia flow diverters market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia flow diverters market size, by product, 2018-2030 (US$M)
Australia Flow Diverters Market Outlook Share, 2023 & 2030 (US$M)
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