Neurovascular Devices Market Trends, Strategic Developments expected to reach USD 2.47 billion with CAGR of 6.43% by 2023| MicroPort Scientific, Terumo Corporation, W. L. Gore and Associates, Abbott and Penumbra
Regional Outlook and Trend Analysis
North America represents the biggest business share at display and is probably going to hold its best position over the gauge time frame. The key variables driving the development of North American market involve positive repayment structure, particularly in the United States., accessibility of R&D investments, and expanding implementation of neurovascular devices by neurosurgeons because of the innovative modernity. Moreover, the Asia Pacific is foreseen to exhibit significant development in the upcoming years.
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Major Leading Players:
The leading players in the market are MicroPort Scientific, Terumo Corporation, W. L. Gore and Associates, Abbott and Penumbra. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The global Neurovascular Devices Market was worth USD 1.41 billion in 2014 and is expected to reach approximately USD 2.47 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.43% during the forecast period.
This development can be linked to an expanding persistent base with neurovascular diseases, for example, strokes and brain aneurysm, enhancing social insurance foundation over the globe, and expanding interest for insignificantly invasive surgeries. Rising number of target patient population, particularly in the created nations, ascribed to expanding awareness about the sicknesses is one of the key components adding to the development of this industry. Constant adoption of the novel and creative treatment approaches combined with expanding per capita incomes particularly in the emerging economies additionally improves the adoption of neurovascular devices.
By Device Type:
Cerebral Embolization and Aneurysm Coiling Devices
By Therapeutic Application:
Cerebral Artery Stenosis
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Therapeutic Applications Outlook and Trend Analysis
In 2013 Stroke was the second worldwide cause for death, representing 11.8% of deaths around the world. As per American Stroke Association, stroke is fifth reason for death in United States. Moreover, stroke is the main source of inability over the globe. Stroke held the larger part of offer in the fragment for therapeutic applications in 2015, and will hold its position amid the conjecture time frame, inferable from the rising way of life issue identified with blood pressure and obesity.
Device type Outlook and Trend Analysis
Based on type, the neurovascular devices can be sectioned into four significant classes, to be specific, cerebral angioplasty and stenting systems, cerebral embolization and aneurysm coiling devices, support devices, and neurothrombectomy devices. These classes are additionally fragmented in light of particular applications. Cerebral embolization and aneurysm coiling devices represented lion's share at over 40%, relating to their broad applications fundamentally in the treatment of strokes and aneurysms.
Major TOC of Neurovascular Devices Market
Emerging Countries to Offer Lucrative Growth Opportunities
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Market Analysis by Regions
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
List of Tables
Table: Global Neurovascular Devices Market, By Type, 2014-2023($Million)
Table: Global Neurovascular Devices Sales and Sales Share by Type (2014-2017)
Table: Global Neurovascular Devices Revenue and Revenue Share by Type (2014-2017)
Table: Cerebral Embolization and Aneurysm Coiling Devices Market, By Region, 2014-2023($Million)
Table: Cerebral Angioplasty and Stenting Systems Market, By Region, 2014-2023($Million)
Table: Neurothrombectomy Devices Market, By Region, 2014-2023($Million)
Table: Support Devices Market, By Region, 2014-2023($Million)
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