The global demand for Neurovascular Devices Market is presumed to reach the market size of nearly USD 5.87 Billion by 2032 from USD 3.2 Billion in 2023 with a CAGR of 6.98% under the study period 2024 - 2032. Regarding volume, the was calculated XX Units in 2023 and forecast to touch XX Units by 2032 with a CAGR of XX% during 2024-2032.
Neurological devices also referred to as interventional neurology is a sort of non-surgical specialty which employs image-guided procedures for the therapy of most complicated and risky diseases of brain, and spine. Interventional neurology is the medication and diagnosis of all types of diseases and ailments encompassing the peripheral and also the central nervous system of the patient. The surgical method for the therapy of neurovascular disorders is named neurosurgery. Arteries weakening may intensify the threat of intracranial bleeding and develop nervous aneurysms. The neurovascular disorder is the primary reason for an adult disability which accounts for the high demand for the neurovascular devices.
Market Dynamics
The prominent drivers driving the development of the market is the thriving prevalence of strokes across the world. The global neurovascular devices market movements, with the accessibility of modern therapy choices, will abruptly boost the demand for neurovascular devices in the upcoming time. The other major factors propelling the growth include a swelling number of patients, continuous product improvement, favorable medical compensation, and rising market demand for productive neurovascular devices. Further, increasing researches for the improvement in neurovascular treatments, along with the expanding awareness among surgeons regarding minimally intrusive surgical methods deliver considerable growth chances in the market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of neurovascular devices.
Market Segmentation
The entire neurovascular devices market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Device
- Cerebral Embolization and Aneurysm Coiling Devices (Embolic Coils, Flow Diversion Devices, Liquid Embolic Agents)
- Cerebral Angioplasty and Stenting Systems (Carotid Artery Stents, Embolic Protection)
- Neurothrombectomy Devices (Clot Retrieval Devices, Suction Devices/aspiration Catheters, Vascular Snares)
- Support Devices (Micro Catheters, Micro Guidewires)
- Trans Radial Access Devices
By Therapeutic Application
- Stroke
- Cerebral Artery
- Cerebral Aneurysm (Aneurysmal Subarachnoid Hemorrhage, Others)
- Others
By Size (in Inches)
- 0.027"
- 0.021"
- 0.071"
- 0.017"
- 0.019"
- 0.013"
- 0.058"
- 0.068"
- Others
By End-use
- Hospitals
- Specialty Clinics
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for neurovascular devices market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Neurovascular Devices Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Neurovascular Devices market include Medtronic, Johnson and Johnson Services Inc., Penumbra Inc., Micro port Scientific Corporation, Stryker, Microvention Inc. (Terumo Corporation), Codman Neuro (Integra Lifesciences). This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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