Neuroendovascular Coil Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

Neuroendovascular coil is a device, which is widely used for the treatment of aneurysms. Aneurysm is a disorder that occurs when an artery's wall weakens and causes an abnormal bulge. There are two types of aneurysms that can be treated using neuroendovascular coil namely, ruptured aneurysms and unruptured aneurysms. Ruptured aneurysms are those, which releases blood into the subarachnoid space around the brain and unruptured aneurysms do not rupture and grow large or press on the brain or nerves. When neuroendovascular coil is introduced into the artery, the coil prevents blood from flowing into the aneurysm. This causes the blood inside the aneurysm to clot, thereby destroying the aneurysm.

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Introduction of novel neuroendovascular coils into the market is expected to be a major driver for growth of the global neuroendovascular coil market. For instance, in 2017, Three Rivers Medical, Inc. received CE marking for its latest Rio Embolization Coil System. Rio Embolization Coil System is designed for endovascular embolization of intracranial aneurysms and other neurovascular abnormalities such as arteriovenous fistulae and arteriovenous malformations.

North America is expected to hold a dominant position in the global neuroendovascular coil market over the forecast period, owing to the presence of key players in the region and rapid product launches by them. For instance, Medtronic Plc., Stryker Corporation, and Johnson and Johnson are the U.S.-based key players and in 2015, Codman Neuro, which is a part of DePuy Synthes Companies of Johnson & Johnson, launched a latest platform of embolic coils indicated for the treatment of brain aneurysms. Furthermore, Asia Pacific is expected to show a significant growth in the near future due to increasing approval of novel neuroendovascular coils in the region.

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