Rising Demand for Minimally Invasive Procedures favorable to the Global Neurovascular Devices Market Growth

Inkwood Research estimates that the Global Neurovascular Devices / Interventional Neurology Market is evaluated to project a CAGR of 5.08% in terms of revenue during the forecasting years of 2021-2028.

"Browse 55 Market Data Tables and 56 Figures spread over 205 Pages, along with an in-depth TOC on the Global Neurovascular Devices / Interventional Neurology Market Forecast 2021-2028."

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Interventional neurology includes catheter-based, endovascular techniques, fluoroscopy, and angiography. They are used to diagnose and treat vascular diseases of the brain and central nervous system. Neurovascular devices are used to treat disorders of blood vessels that carry oxygen-rich blood to the brain. Different types of neurovascular devices exhibit different mechanisms of action.

Demand for Minimally Invasive Procedures propels Market Growth

A minimally invasive medical procedure entails inserting a small device or an implant in the body through an anatomical opening or incision. The patient recovers at a faster rate with little discomfort as incisions are tiny. The benefits include less trauma to the muscles, tissues, and nerves, less tissue injury, less bleeding & scarring, etc.

Neurovascular embolization & coiling assist devices include flow diversion devices, liquid embolic agents, and embolic coils. These are vastly used in neurology. Embolic coils isolate an aneurysm from the normal circulation without narrowing the main vessel or blocking any small arteries nearby. Moreover, coil embolization is a minimally invasive procedure to treat an aneurysm by filling it with material that closes the sac, minimizing the risk of bleeding. The patient is admitted for 12-14 hours after the coil embolization procedure. They are sent home once the vital organs are back to their normal functioning.

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Thrombectomy Devices are the Fastest-Growing Product

A thrombus is a blood clot that forms in a vessel. The thrombectomy procedure includes the use of neurovascular devices, eliminating thrombus from the blood vessel. The thrombectomy devices restore normal perfusion in the affected body area. These are also employed in treating ischemic stroke, since it occurs primarily due to blood clots formed in blood vessels. These devices also find use on neurovascular diseases like slot retrieval devices and suction & aspiration devices and have different roles in the treatment.

Asia-Pacific: Fastest-Growing Region

The market growth is attributed to obesity, blood pressure, unhealthy lifestyle, technological advancements, and an aging population. The dominant factors driving market growth include the increasing demand for minimally invasive procedures and rising incidences of neurovascular diseases. However, the market growth is hindered by the lack of expert professionals operating neurovascular disorders and the high costs of embolization coils.

The increasing product launches by prominent market players contribute to the high competitive rivalry in the market. Some of the key firms operating in the market include B Braun Melsungen AG, Medtronic Inc, Johnson & Johnson (Cerenovus), Stryker Corporation, Microport Scientific Corporation, etc.

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