2019 Industry Insights on Neurovascular Devices Market| Key Players: Medtronic, Stryker, Terumo Medical Corporation, Johnson & Johnson.
Growing number of cases of brain aneurysm and ischemic stroke across the U.S. will be major factor driving market growth. Ischemic stroke is the highest occurring subtype of stroke in the U.S. and stroke is the fourth leading mortality factor. According to The American Journal of Medicine, approximately 795,000 strokes occur each year in the country. With increasing geriatric population across the country, burden of ischemic stroke is rapidly rising that will result into substantial demand for neurovascular devices over the upcoming years.
Increasing patient demand for minimally invasive surgeries will augment neurovascular devices business growth over the coming years. Advancement of novel technology has led to significant demand for procedures with minimum invasion. Minimally invasive procedures offering benefits to the patients including decreased pain, less blood loss and cost-effectiveness will increase adoption of neurovascular surgeries, thereby accelerating neurovascular devices market growth.
Technological advancements in neurovascular devices will serve as a high impact rendering factor for neurovascular devices industry growth. Advanced neurovascular devices are manufactured by considering genetic factors as well as pathophysiology of neurovascular diseases. Firms are focusing on new product launches by adopting novel technologies to capture greater profits and offer efficacy of disease treatment. For instance, in June 2018, Terumo announced about the U.S. FDA clearance of SOFIA Catheter, a technique for successful revascularization of patients. Thus, increasing technological advancements will escalate neurovascular devices demand and adoption, further stimulating the market size.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/794
Greater cost associated with neurovascular devices and treatment can slower the adoption and customer preference for the devices. In addition, challenges pertaining to commercialization of neurovascular devices due to lack of resources and proper business environment across emerging economies may restrict neurovascular devices market growth in the foreseeable future.
Embolic coils product segment accounted for the largest market size of USD 523.4 million in 2017. Benefits such as minimal invasion, shape and size flexibility offered by embolic coils will contribute to the segmental growth. Embolic coils are cost-effective and offer sub-optimal angiographic results. With increasing patient pool suffering from brain aneurysm, neurovascular devices market will foresee remarkable increase in demand over the foreseeable future.
Flow diverters product segment will grow at 4.4% CAGR throughout the forecast timeframe. Flow diverters are widely used to treat brain aneurysm. Flow diverters do not need catheterization and possesses less risk of procedural rupture of aneurysm. Availability of technological advanced flow diverter such as silk flow diverter that is available in variable diameter and porosity will in turn impel demand for flow diverters in the upcoming years.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
Terumo Medical Corporation
Johnson & Johnson.
Browse Full Report Details @ https://www.gminsights.com/industry-analysis/neurovascular-devices-market
Coiling procedure technique segment held largest market share of 36.3% in 2017 and is estimated to grow at robust pace. Coiling procedure avoids open surgery, thereby prevents scarring. In addition, the procedural technique prevents bleeding by filling the aneurysm with coils. Moreover, stent-assisted coil embolization offers better safety and efficacy for treatment of aneurysm. Above advantages coupled with greater epidemiology of aneurysm will impel coiling procedure technique segmental growth in upcoming years.
Flow disruption technique process segment will foresee lucrative growth at 5.6% CAGR over the forecast timeframe. The technique is effectively used to remove large aneurysms and wide-neck bifurcation aneurysms. The surface of the intra-aneurysmal device is smooth and assists development of neointima. Flow disruption technique has also witnessed substantial innovations in recent years. Advancements such as intrasaccular flow disruption for treatment of cerebral aneurysm will support segmental growth owing to growing incidence of aneurysm. Furthermore, technological advancements in the technique and devices used for the process will lead to increase in demand for flow disruption technique segment in recent years.
Ischemic stroke therapeutic application segment accounted for largest segmental share of 43.2% in 2017. High growth is attributable to rising patient pool suffering from ischemic stroke across the globe. According to World Stroke Organization, 1 out of 6 people globally will be affected by stroke. 15 million people are affected by stroke annually and a large percent of strokes are ischemic strokes. High mortality rate as a result of ischemic stroke will thereby accelerate the adoption rate of neurovascular devices owing to rapid product innovations by various firms in the forthcoming years.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 2019 Industry Insights on Neurovascular Devices Market| Key Players: Medtronic, Stryker, Terumo Medical Corporation, Johnson & Johnson. here
News-ID: 1630933 • Views: 1325
More Releases from Global Market Insights, Inc
Refractories Market 2020 by top key players Saint-Gobain, Morgan Advanced Materi …
Global Refractories Market size was estimated at USD 30 billion in 2018 and is projected to surpass USD 41 billion by the year 2025. Refractories market is classified into monolithic, brick & shapes and others. Other refractories products is expected to gain close to 3% by 2025. Other refractory products include ceramic fibers and refractories raw materials used for manufacturing refractories inhouse. Ceramic fibers are lightweight, has high temperature stability and
Offshore Crane Market Trends 2020 By Industry Players Liebherr Group, National O …
The size of the overall Offshore Crane Market was recorded at USD 2.5 billion in the year 2018 and is now projected to surpass around USD 5 billion by 2026. The ongoing exploration of new offshore oil & gas fields will surge the demand for offshore cranes. The growing demand for maintenance & repair of oil & gas extraction systems will drive the offshore crane market growth. The equipment is primarily
Assisted Reproductive Technology Market Top Players | Cooper Surgical Inc., Cook …
Assisted Reproductive Technology Market will reach over USD 32.5 billion by 2024; as per a new research report. Increasing number of people suffering from infertility issues coupled with rising awareness about assisted reproductive technology (ART) will drive ART market over the forecast timeframe. Furthermore, changing social factors and rising disposable income should positively impact industry expansion. Procedures such as in-vitro fertilization are offered at low cost in developing countries such as
What's driving the Lithopone Market growth? | Leading Key Players Titanos, Langf …
A report by DecResearch estimates that the lithopone market size will be valued at over $235 million by 2025. Rapid global urbanization has given rise to a thriving construction industry which is a significant contributor to the lithopone market growth. The strong reducing power and chemically inert nature of lithopone has led to its extensive application across numerous industries including paints & coatings, paper& pulp, rubber, leather, plastics and linoleum
More Releases for Neurovascular
Brain Aneurysm Treatment - Modern Neurovascular Techniques
Brain aneurysm is a development of bulge in brain vessels. This bulging puts pressure on the nerves or brain tissues. This bulge may rupture or burse and can cause brain hemorrhage, which can cause death of the patient. Get PDF Brochure of Research Study @ https://bit.ly/2zir2hL Certain factors such as genetic conditions, arteriovenous malformations, untreated high blood pressure, and smoking are responsible to cause brain aneurysm. The global brain aneurysm treatment market
Global Neurovascular Devices Market Outlook To 2026
Global Neurovascular Devices Market Outlook To 2026: Key Therapeutic Application (Stroke, Cerebral Artery Stenosis, Cerebral Aneurysm), Device Type (Cerebral Embolization And Aneurysm Coiling Devices, Cerebral Angioplasty And Stenting Systems, Neurothrombectomy Devices, Support Devices), Regional Segmentation, Pricing Analysis, Pipeline Analysis, Competitive Dynamics, M&A Insights, Segment Forecast And Conclusion The Neurovascular Devices Market was valued at $2.08Million in 2018 and is forecast to grow at a modest5.5 % CAGR between2018 and 2025, culminating
Global Neurovascular Devices Market: Rising Geriatric Population and Neurovascul …
Besides exponential rise in occurrences of critical neurovascular ailments such as ischemic stroke and aneurysm amongst others, burgeoning advances in product enhancements, improved reimbursements, and surged healthcare expenditure are accounted to etch growth in global neurovascular devices market in forthcoming years. These market highlights are in line with Market Research Hub's (MRH) recent research report titled, 'Global Neurovascular Devices Market Analysis, Size, Share, Segmentation and Competitive Landscape (2013 - 2017) and
Future For Neurovascular Devices Market...By 2024
MaketStudyReport.com adds a New Neurovascular Devices Market Research Report for the period of 2018 - 2024 that shows the growth of the market for next few years along with providing a competitive landscape. Neurovascular Devices Market will reach USD 2.0 billion by 2024; as per a new research report. Increasing incidences and financial cost burden associated with neurological disorders such as acute ischemic stroke and brain aneurysm will drive neurovascular devices industry
Neurovascular Devices Market - Regional Outlook 2017 - 2025
Global Neurovascular Devices Market: Snapshot Over the past decade, neurointerventional techniques have gained increased significance in the management of acute ischemic strokes. Endovascular and microsurgical devices are fast gaining traction as minimally invasive techniques for the management of brain aneurysms. In recent years, advances in balloon- and stent- assisted coiling in endovascular therapies have expanded the options for surgeons and patients in the treatment of aneurysms. The rising morbidity and mortality
Neurovascular Devices Market Growth and Forecast-2026
Neurological devices/Interventional neurology is the non-surgical specialty that uses minimally invasive, image guided techniques for the treatment of most complex and dangerous diseases of neck, brain, and spine. The surgical procedure or specialty for the treatment of neurovascular diseases is called neurosurgery. Neurology is the medicine branch that deals with the disorders of the entire nervous system and brain. Interventional neurology deals with the treatment and diagnosis of all categories