Neurovascular Devices Market Explored in the Latest Research by Top Players Medtronic, Stryker, Johnson & Johnson Services

Support devices segment held the major share among the product segment in the neurovascular devices market

According to The Insight Partners market research study titled 'Neurovascular Devices Market to 2027 - Global Analysis and Forecasts by Product, Application, End User and Geography, the global neurovascular devices market is expected to reach US$ 3,878.51 Mn in 2027 from US$ 2,919.41 Mn in 2018. The market is estimated to grow with a CAGR of 3.2% from 2019-2027. The report highlights the trends prevalent in the global neurovascular devices market and the factors driving the market along with challenges to its growth.

Get Sample PDF Copy at https://bit.ly/2W3jKHc

Global neurovascular devices market was segmented by product, application and end user. On the basis of the product the market is segmented as neurothrombectomy devices, aneurysm coiling & embolization devices, cerebral balloon angioplasty & stenting systems and support devices. Based on the application the market is segmented into cerebral aneurysms, ischemic strokes, arteriovenous malformation & fistulas and other applications. The end user segment is classified into hospitals, ambulatory surgical centers and specialized clinics.

The market for neurovascular devices is expected to grow significantly due to factors such as increasing incidences of neurovascular diseases, rising demand for minimally invasive procedures, and significantly growing aging population. However, factor such as high cost of embolization coils and lack of expert professionals are the major restraining factors for the growth of the market.

The major players operating in the neurovascular devices market include, Medtronic plc, Stryker Corporation., Johnson & Johnson Services, Inc., Acandis GmbH & Co. KG., MicroPort Scientific Corporation, Terumo Corporation, Penumbra, Inc., phenox GmbH, Integer Holdings Corporation, and Memry Corporation. The companies have carried out various organic and inorganic growth strategies in the market which has assisted in strengthening their product offering in the market.

Market Insights
Increasing Incidences of Neurovascular Diseases
Neurological diseases are the disorders of the brain, spine and the nerves that connect them and supplies oxygenated blood. The neurovascular systems is highly dependent on the continuous supply of oxygen and nutrients which is been supplied by the arteries and veins. The supply of oxygen and nutrients to the brain is essential for its working, therefore a defect in the system can impair the function and it may quickly become a life threatening factor. The neurovascular condition, diseases or disorders includes, ischemic stroke, hemorrhage stroke, brain aneurysm, vascular malformation, brain tumors and others. The lifestyle habits, genetic disorders, related chronic diseases may cause development of the neurovascular diseases. During recent years, the prevalence of neurological disorders have increased significantly. For instance, cerebral aneurysm is one of the neurovascular diseases that is rising significantly across the world. The prevalence of cerebral aneurysms has increased tremendously across the globe. Nearly, 30,000 people in the United States suffer from brain aneurysm rupture every year. A brain aneurysm ruptures every 18 minutes. The annual rate of rupture in the United States is found close to 8 to 10 per 100,000 people. Thus, it is estimated that the rising prevalence of cerebral aneurysms is likely to fuel the growth of the market during the forecast period.

Ask For Discount at https://bit.ly/3dpOSqt

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Neurovascular Devices Market - By Product
1.3.2 Global Neurovascular Devices Market - By Application
1.3.3 Global Neurovascular Devices Market - By End User
1.3.4 Global Neurovascular Devices Market - By Geography
2. Global Neurovascular Devices Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Global Neurovascular Devices- Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe- PEST Analysis
4.2.3 Asia Pacific- PEST Analysis
4.2.4 Middle East and Africa - PEST Analysis
4.2.5 South and Central America - PEST Analysis
4.3 Number Of Procedures
4.3.1 Cerebral Angioplasty
4.3.2 Endovascular Clot Retrieval Therapy
4.3.3 Neurothrombectomy
4.3.4 Cerebral Aneurysms
4.3.5 Endovascular Embolization
5. Global Neurovascular Devices Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Incidences of Neurovascular Diseases
5.1.2 Rising Demand for Minimally Invasive Procedures
5.1.3 Significantly Growing Aging Population
5.2 Key Market Restraints
5.2.1 High Cost of Embolization Coils
5.2.2 Lack of Expert Professionals
5.3 Key Market Opportunities
5.3.1 Development in the Healthcare Market
5.4 Future Trends
5.4.1 Enduring Clinical Trials for the Treatment of Stroke
5.5 Impact Analysis of Drivers and Restraints

Continue...

Purchase this Premium Report at https://bit.ly/3dkvaMu

Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com

Pune, India

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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.