Global Neurovascular Devices/Interventional Neurology Market 2020-2027

The Global Market for Neurovascular Devices/Interventional Neurology was valued $xx Mn in 2020 and is expected to reach $xx Mn by 2027, at a CAGR of xx%.

Global Neurovascular Devices-Interventional Neurology Market
Global Neurovascular Devices/Interventional Neurology Market introduction and Overview

Neurovascular/interventional neurology devices are used to treat several neurovascular diseases (including aneurysms, arteriovenous malformations and atherosclerosis) that affect the central nervous system as well as the blood vascular system associated with it.

Therapeutic procedures are increasingly being adopted for better diagnosis, monitoring and therapy for neurological conditions because of their proven efficacy. This is one of the major reasons for increasing adoption of interventional neurology products. These products are adopted globally by majority of neurosurgeons and medical professionals in key markets such as the U.S, Germany, France and UK. Significant consumption value of neurovascular devices and rapidly growing patient population are expected to boost the market growth. The increasing prevalence of cancers, strokes and other malformations has made the innovation of advanced technologies mandatory. Changing sedentary lifestyle, high blood pressure, smoking, obesity are resulting in rising cases of neurological or neurovascular diseases.

According to a country wise analysis, the number of cases of brain aneurysm and ischemic strokes are increasing rapidly in developing as well as developed economies. There is a rise in demand for minimally invasive surgical procedures, also technological advancements in neurovascular treatments are taking place. Moreover, government initiatives to modernize healthcare infrastructure across the globe are also expected to drive the market upwards. All the above mentioned factors are responsible for the Neurovascular Devices/Interventional Neurology Market to grow at a rapid pace in the forecast period.

However, the chief markets such as the U.S., Germany, and Japan have a limited number of neurosurgeons with the required skills and experience to perform surgical clipping or endoscopy to treat complex cerebral aneurysms. In terms of providing training, healthcare providers across these markets have been unable to match the ongoing technological advancements and expansion of patient base.

Thus, the inadequacy of skilled and experienced neurosurgeons is restraining the adoption of neurovascular devices/interventional neurology.

The report contains detailed analysis of Strengths, Weakness and opportunities of the key players operating in the Neurovascular Devices/Interventional Neurology Market. It also provides information on current market trends, competitive ranking analysis, regional bifurcation, turnover forecasts, industry drivers and the key challenges.

The report has profiled seventeen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analysing the market and estimation the size of the same. The growing healthcare infrastructure in each region is different and focus is given on availability of advanced technology and new techniques.
Global Neurovascular Devices/Interventional Neurology Market Segment Analysis

The aneurysm coiling and embolization devices segment is expected to account for the largest market share of xx% in the forecast period. Coil embolization is a minimally invasive procedure to treat an aneurysm by filling it with material that closes off the sac and reduces the risk of bleeding. It is performed from “within” the artery (endovascular) through a steerable catheter inserted into the blood stream at the groin and guided to the brain. The increasing frequency of unruptured intracranial aneurysm detection and rising focus on new product launches are expected to boost the segment growth. Moreover, high demand for minimally invasive neurosurgical procedures and availability of embolic coils are also augmenting the market growth.

On the basis of disease pathology, the market is segmented into ischemic strokes, cerebral aneurysm, arteriovenous malfunctions and fistulas and other diseases. The ischemic stroke segment is expected to grow at a highest CAGR of xx% during the forecast period. The growing incidences of ischemic strokes and increasing preference for minimally invasive surgeries by patients, the segment is expected to grow upwards.This type of stroke is caused by a blockage in an artery that supplies blood to the brain. The blockage reduces the blood flow and oxygen to the brain, leading to damage or death of brain cells. Such strokes are treated with minimum invasive procedures such as diagnostic angiography, cerebral balloon angioplasty and stent placement.

Global Neurovascular Devices-Interventional Neurology Market

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Global Neurovascular Devices/Interventional Neurology Market Segmentation

The market is segmented based on-
Product

• Aneurysm Coiling & Embolization Devices
 Embolic coils
 Flow diversion devices
 Liquid embolic agents
• Cerebral Balloon angioplasty and stenting systems
• Support devices
• Neurothrombectomy devices
Disease Pathology

• Ischemic Strokes
• Cerebral Aneurysms
• Arteriovenous Malformation and Fistulas
• Other Disease pathology
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Global Neurovascular Devices/Interventional Neurology Market Regional Insights

Global Neurovascular Devices-Interventional Neurology Market1

North America generated a revenue of $xx Mn in 2020 and is expected to emerge as a dominant region in the forecast period. Increasing prevalence of strokes,rising awareness among neurosurgeons related to the benefits offered by interventional neurology devicesgrowing research activities, advanced treatment techniques and high class healthcare facilities available are boosting the market in the region.

Asia Pacific is expected to witness growth in the forecast period. Owing to the increasing population and growing healthcare facilities in developing nations the market in this region is anticipated to grow.
Key Players operating in the Global Neurovascular Devices/Interventional Neurology Market

• Stryker Corporation
• Medtronic plc
• Johnson & Johnson
• Terumo Corporation
• Penumbra, Inc
• Abbott Laboratories
• Merit Medical Systems, Inc
• W.L Gore & Associates, Inc
• Microport Scientific Corporation
• B. Braun Melsungen AG
• Cook
• Uresil, LLC
• Medikit Co Ltd
• Bayer AG
• Acandis GmbH
• Biosensors International group Ltd
• Integra Life sciences Corporation
• Others

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