Interventional Neurology Devices Market Size, Growth Opportunities, Revenue Share Analysis Forecast To 2027

Precision Business Insights published a research report on "Interventional Neurology Devices Market by Product Type (Cerebral Balloon Angioplasty and Stenting Systems, Neurothrombectomy Devices, Support Devices, Aneurysm Coiling and Embolization Devices), by Technology Type (Carotid artery angioplasty and stenting, Vertebroplasty, Stroke therapy, Pre-operative tumour embolization), by Indication (Cerebral aneurysm, Ischemic strokes, Arteriovenous malformations and Fistulas, Others), by End User (Hospitals, Neurology Clinics, Ambulatory surgical centres) and Geography - Global/Region/Country Forecast to 2027".

Interventional neurology is a subspecialty of neurology that uses image-guided minimally invasive treatments to effectively treat chronic neurological disorders involving the veins and arteries of the brain, neck, and spine. Neck tumors and head, meningiomas, ischemic strokes, cerebral aneurysms, intracranial atherosclerosis and spinal vascular malformations are one of the most frequent disorders treated with interventional neurology. Neurovascular devices for ischemic stroke prevention and aneurysm employ a variety of materials, including platinum, cobalt, and nitinol.

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The interventional neurology devices market is expected to be fueled by an increase in the global ageing population, technological advancements in interventional neurology devices, a rise in the prevalence of ischemic stroke and hemorrhagic conditions, and growing demand for minimally invasive procedures. Besides, the benefits of interventional procedures, including the low risk of complications and surgical trauma, favorable government initiatives, and increased product development and commercialization, are projected to boost the interventional neurology devices market throughout the forecast period. Furthermore, the market for interventional neurology devices may be hampered by strict regulatory standards for clinical trials, expensive treatment costs, and a scarcity of qualified specialists. Because of the rising need for less invasive neurological surgical treatments, the Interventional Neurology Devices Market is expected to expand at a substantial CAGR. The market for interventional neurology devices is anticipated to expand due to an increase in the frequency of neurological illnesses (the World Health Organization estimates that more than 6.7 million people die each year from neurological disorders). Furthermore, the bulk of industry participants are concentrating their efforts on the development of innovative technologies that use minimally invasive procedures. The businesses' tactics for controlling the interventional neurology devices market include mergers and acquisitions, partnerships, product approvals, and launches.

The Global Interventional Neurology Devices Market is fragmented on the basis of by Product Type which is further divided into Neurothrombectomy Devices, Cerebral Balloon Angioplasty and Stenting Systems, Aneurysm Coiling and Embolization Devices and Support Devices. On the basis of Technology Type, the market is classified into Vertebroplasty, Carotid artery angioplasty and stenting, Pre-operative tumor embolization and Stroke therapy. On the basis of Indication, the market is segregated into Ischemic strokes, Cerebral aneurysm, Fistulas and Arteriovenous malformations, and Others. On the basis of End User, the market is segmented into Neurology Clinics, Hospitals, and Ambulatory surgical centers and Geography.

Due to the rise in the frequency of cerebrovascular diseases, particularly in the United States, which is estimated to be 1,673 per 100,000 people, North America occupies a substantial proportion of the interventional neurological devices market. Furthermore, the interventional neurology devices market is being driven by technical advances, FDA approval of innovative products, and a growth in healthcare spending.

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There are several industry players working in the interventional neurology devices market, which include Medtronic plc) (Ireland), Stryker Corporation (U.S.), Depuy Synthes (Johnson and Johnson Services Inc.) (U.S.), Abbott Laboratories (U.S.), Terumo Corporation (Japan), Bayer AG (Germany), Boston Scientific, Corporation (U.S.), and Penumbra, Inc. (U.S.) to name a few.

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