China Flow Diverters Market Size & Outlook, 2023-2030
China flow diverters market, 2018-2030 (US$M)
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China flow diverters market highlights
- The China flow diverters market generated a revenue of USD 13.8 million in 2023 and is expected to reach USD 35.8 million by 2030.
- The China market is expected to grow at a CAGR of 14.6% 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 13.8 million |
| Market revenue in 2030 | USD 35.8 million |
| Growth rate | 14.6% (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, China accounted for 4.6% 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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China 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 62.32% in 2023. Horizon Databook has segmented the China flow diverters market based on 2-3mm, 3-4mm, 4-5mm, >5mm covering the revenue growth of each sub-segment from 2018 to 2030.
China is among the fastest growing economies for the flow diverters market owing to the high expenditure by public & private entities in the research sector, technological advancements, and a high level of collaboration between various stakeholders, including the medical fraternity, & universities.
Growing government initiatives, increasing numbers of people suffering from cerebral aneurysms, and rising healthcare expenditures are among the factors expected to drive China market. The presence of various domestic manufacturers and an increasing number of domestic medical device manufacturers & distributors are some factors anticipated to drive market growth.
Government initiatives such as Healthy China 2020 are anticipated to enhance health awareness among people and boost demand for advanced technology, which is expected to boost the flow diverters market.
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Horizon Databook provides a detailed overview of country-level data and insights on the China flow diverters market , including forecasts for subscribers. This country databook contains high-level insights into China flow diverters market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China flow diverters market size, by product, 2018-2030 (US$M)
China Flow Diverters Market Outlook Share, 2023 & 2030 (US$M)
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