The “Neurovascular Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report by IMARC Group offers a detailed analysis of the industry, including neurovascular devices market growth, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global neurovascular devices market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
What are Neurovascular Devices?
Neurovascular devices, also called interventional neurology devices, are widely utilized to treat neurovascular disorders, such as stenosis, ischemic stroke aneurysms, arteriovenous malformation, fistulas, etc. They generally include liquid embolic agents, embolic coils, flow diversion devices, arterial stents, catheters, guidewires, etc. Some of the other commonly used neurovascular devices are distal filter instruments, carotid artery stents, microcatheters, etc. They allow physicians to gain endovascular access to the treatment areas in the brain. Neurovascular devices utilize minimally invasive and image-guided techniques to treat complex brain, neck, and spine conditions. Consequently, they are gaining extensive traction across the healthcare industry.
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What Are The Growth Prospects And Trends In The Neurovascular Devices Industry?
The escalating demand for minimally invasive procedures is primarily driving the neurovascular devices market. Additionally, the growing prevalence of acute ischemic stroke, owing to the sedentary lifestyles of individuals, is further bolstering the market growth. Besides this, the expanding geriatric population who are more susceptible to acquiring neurovascular disorders that can cause moderate to severe damage to the brain, resulting in conditions, including cerebral hemorrhage, is acting as another significant growth-inducing factor. Moreover, the launch of numerous favorable policies by government bodies to generate awareness among individuals towards symptoms and measures to be taken in case of emergency and available treatment options is positively influencing the global market. Apart from this, the inflating need for modernizing healthcare infrastructures is also stimulating the market growth. Furthermore, the rising number of research laboratories, hospitals and surgical centers, and academic institutes is expected to fuel the neurovascular devices market over the forecasted period.
What Is Included In Market Segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
Cerebral Embolization and Aneurysm Coiling Devices
- Embolic Coils
- Flow Diverters
- Liquid Embolic Agents
Cerebral Angioplasty and Stenting Systems
- Carotid Artery Stents
- Embolic Protection Devices
Neurothrombectomy Devices
- Clot Retrieval Devices
- Suction Devices
- Vascular Snares
Support Devices
- Micro Catheters
- Micro Guidewires
Breakup by Application:
- Ischemic Stroke
- Aneurysm
- Arteriovenous Malformation and Fistulas (AVM)
- Stenosis
- Others
Breakup by End User:
- Hospitals
- Ambulatory Surgical Centers
- Clinics
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who Are The Key Players Operating In The Industry?
The report covers the major market players including:
- Acandis GmbH
- Asahi Intecc Co. Ltd.
- Imperative Care Inc.
- Integer Holdings Corporation
- Johnson & Johnson
- Medtronic plc
- MicroPort Scientific Corporation
- Penumbra Inc.
- Perflow Medical Ltd.
- Rapid Medical
- Stryker Corporation
- and Terumo Corporation.
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