Interventional Neuroradiology Market Key Manufacturers, Development Trends And Competitive Analysis 2027

The interventional neuroradiology market by product is segmented into neurovascular embolization & coiling assist devices and accessories. In 2018, the neurovascular embolization & coiling assist devices segment held a largest market share of 72.17% of the interventional neuroradiology market, by product. This segment is also expected to dominate the market in 2027 owing to increase in the number of interventional neurology procedures. The segment is also anticipated to witness the growth at a significant rate during the forecast period, 2018 to 2027.

Get sample PDF copy @https://www.theinsightpartners.com/sample/TIPRE00003497/?utm_source=openpr-10291

The key players influencing the market are:

BALT EXTRUSION
Merit Medical Systems
Terumo Corporation
Medtronic
Penumbra, Inc.
Stryker
DePuy Synthes
Boston Scientific Corporation
W. L. Gore & Associates
MicroPort Scientific Corporation

Market Insights

Progressive Aging Population

The ageing population is defined as group of people aged 65 and over. The growth of the ageing population is poised to become one of the most significant social transformations of the twenty-first century. The number of geriatric population has been rising significantly worldwide. As per the data published by the United Nations, in 2017, there were an estimated 962 million people aged 60 or over in the world, which comprised of 13 per cent of the global population. The geriatric population is estimated to grow at a rate of 3% every year.

At present, Europe and Asia Pacific regions has the highest population aged 60 years and above. The number of ageing population in the world is projected to reach around 1.4 billion in 2030 and it will reach around 2.1 billion in 2050, and is expected to reach up to 3.1 billion in 2100. Ageing has been linked with the various chronic diseases due to problems related to it. Hence, owing to the growing geriatric population and the rise in associated neurological disorders, the market for interventional neuroradiology is anticipated to witness significant growth.

Increasing Demand for Minimally Invasive Procedures

A minimally invasive medical procedure is generally carried out by inserting a small device or an implant in body through an incision or anatomical opening. Products such as neurovascular embolization and coiling assist devices including embolic coils, flow diversion devices and liquid embolic agents are widely being used in the field of neurology. In the field of neurology, embolic coils are used to isolate an aneurysm from the normal circulation without blocking off any small arteries nearby or narrowing the main vessel. Coil embolization is a minimally invasive procedure to treat an aneurysm by filling it with material that closes off the sac and reduces the risk of bleeding. It is performed from "within" the artery (endovascular) through a steerable catheter inserted into the blood stream at the groin and guided to the brain. Tiny coils, glue, or mesh stents are used to promote clotting and close off the aneurysm.

In addition, the rise in the awareness about the minimally invasive procedures and availability of the reimbursement for the minimally invasive procedures are likely to foster the demand for minimally invasive procedure. Thus, owing to these factors the market for the interventional neuroradiology is likely to propel at a significant rate during the forecast period.

Product Insights

The interventional neuroradiology market by product is segmented into neurovascular embolization & coiling assist devices and accessories. In 2018, the neurovascular embolization & coiling assist devices segment held a largest market share of 72.17% of the interventional neuroradiology market, by product. This segment is also expected to dominate the market in 2027 owing to increase in the number of interventional neurology procedures. The segment is also anticipated to witness the growth at a significant rate during the forecast period, 2018 to 2027.

Disease Insights

Global interventional neuroradiology market, based on the disease was segmented into, acute strokes, cerebral aneurysms, intra-cranial tumors, and others. In 2018, the acute strokes segment held a largest market share of 42.16% of the interventional neuroradiology market, by disease. This segment is also expected to dominate the market in 2027 due to the rising prevalence of acute strokes, due to large incidence of causative factors such as diabetes or habits such as smoking. In addition, the segment is anticipated to witness the growth at a significant rate during the forecast period, 2018 to 2027.

Purchase This Report @ https://www.theinsightpartners.com/buy/TIPRE00003497/?utm_source=openpr-10291

Contact Us:

Call: +1-646-491-9876
Email: sales@theinsightpartners.com

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.

This release was published on openPR.