Neurointerventional Devices Market Insights by Top Players Stryker Corporation, Penumbra Inc., Medtronic, Johnson & Johnson Private Limited
Neurointervention offers minimally invasive treatment for disorders of the blood vessels in the brain and the spine. It is less invasive compared to other conventional modes of treatment and offers shorter recovery time, fewer complications, and less pain after a procedure is done.The global neurointerventional devices market is estimated to account for US$ 3,104.8 Mn in terms of value by the end of 2027.
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Global Neurointerventional Devices Market: Drivers
Increasing prevalence of brain aneurysm is expected to boost growth of the global neurointerventional devices market over the forecast period. For instance, according to Cerebral Aneurysms Fact Sheet, National Institute of Neurological Disorders and Stroke (NINDS), May 2018, around 30,000 people in the U.S. suffer a brain aneurysm rupture, annually.
Moreover, increasing cases of Traumatic Brain Injuries (TBI) is also expected to propel growth of the market. For instance, according to the study, 'Estimating the Global Incidence of Traumatic Brain Injury' published in the Journal of Neurosurgery in April 2019, 69 million people worldwide are estimated to suffer TBI from all causes, annually.
North America region held dominant position in the global neurointerventional devices market in 2018, accounting for 40.7% share in terms of value, followed by Asia Pacific.
Global Neurointerventional Devices Market: Competitive Landscape
Major players operating in the global neurointerventional devices market include, Stryker Corporation, Penumbra Inc., Medtronic, Johnson & Johnson Private Limited, Imperative Care, Inc., Anaconda Biomed S.L., Insera Therapeutics, Inc., Perflow Medical, and Terumo Corporation.
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Detailed Segmentation:
1. Neurointerventional Devices Market, By Product Type
2. Neurointerventional Devices Market, By End User
3. Neurointerventional Devices Market, By Technique:
4. Neurointerventional Devices Market, By Region:
5. Company Profiles
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