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Neurovascular Devices Market Industry Trends 2019| Key Players: Philips, AMICO Group, Carestream, FUJIFILM Holdings America Corporation, GE Healthcare, Hologic, Inc.
Neurovascular Devices Market
High demand for minimally invasive surgical devices will significantly drive neurovascular devices market growth over the forecast period. Absence of post-operative complications, enhanced effectiveness and better patient outcomes are the major factors escalating demand for neurovascular devices market. With use of minimally invasive neurovascular devices, patients experience reduction in recovery time. Such factors will favor considerable growth in the future.
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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:
• Philips
• AMICO Group
• Carestream
• FUJIFILM Holdings America Corporation
• GE Healthcare
• Hologic, Inc.
• IMS Health
• Konica Minolta Healthcare Americas, Inc.
• Medical Technologies
• Planmed Oy
• Siemens
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.
Ambulatory surgical centers (ASCs) segment will foresee momentous growth at 5.3% CAGR throughout the forecast years. Rapidly rising number of ambulatory surgical center and increasing demand for treatment procedures in such facilities will aid segmental growth. ASCs offer cost-effectiveness and time-effectiveness that drives the patient preference for surgical procedures in ASCs. Above factors will offer significant neurovascular devices business growth opportunity in upcoming period.
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U.S. market held largest revenue size of North America neurovascular devices market with 85.2% market share in 2017. High prevalence of ischemic stroke, aneurysm and stenosis will aid U.S. neurovascular devices industry growth. According to Brain Aneurysm Foundation, around 6 million Americans suffer from unruptured brain aneurysm. The risk of aneurysm rupture escalates as age increases. Thus, increasing geriatric population coupled with sophisticated healthcare infrastructure and technologically advanced products should positively impact U.S. neurovascular devices business growth in the forecast timeframe.
Neurovascular Devices Market, by Product
o Embolic coils
o Carotid stents
o Intracranial stents
o Neurovascular thrombectomy devices
o Embolic protection devices
o Flow diverters
o Intrasaccular devices
o Liquid embolic coils
o Balloon catheters
o Stent retrievers
Neurovascular Devices Market, by Process
o Neurothrombectomy procedure
o Cerebral angiography technique
o Stenting technique
o Coiling procedure technique
o Flow disruption technique
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