Press release
Interventional Neurology Devices Market to Reach USD 4.90 billion, Globally, by 2029 at 9.00% CAGR:
A worldwide Interventional Neurology Devices Market research report is a verified and reliable source of information that gives a telescopic view of the existing market trends, emerging products, situations, and opportunities that drives the business toward success. This global market research report is organized by collecting market research data from different corners of the globe with an experienced team of language resources. The report serves the clients to tackle every strategic aspect including product development, product specification, exploring niche growth opportunities, application modelling, and new geographical markets. The universal market report also provides company profiles and contact information of the key market players in the key manufacturer's section.Neurological conditions at a global level, are at rise. Intracranial aneurysm is one of the common neurological disease affecting over 30,000 people in the U.S. each year. This is where the interventional neurology devices come into play. These devices aim to treat all kinds of neurological conditions using image guided minimally invasive technique.
Data Bridge Market Research analyses that the interventional neurology devices market is expected to undergo a CAGR of 9.00% during the forecast period. This indicates that the market value, which was USD 2.50 billion in 2021, would rocket up to USD 4.90 billion by 2029. "Aneurysm Coiling and Embolization Devices" dominates the product type segment of the interventional neurology devices market owing to the growing end-user preference for minimally invasive neurosurgical procedures and increasing market availability of embolic coils for neurovascular treatment. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
From the name itself, it is clear that the role of interventional neurology devices is to treat the neurology related disorders or diseases in the patients. Neurological conditions damage the brain, spine and nervous system of an individual. The interventional neurology devices are highly effective in dealing with the neurological conditions.
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Interventional Neurology Devices Market Dynamics
Drivers
Rising prevalence of conditions
Growing population base suffering from neurological conditions globally is one of the major factors fostering the growth of the market. Increasing incidence rate of cerebral aneurysm, head and neck tumours, intracranial atherosclerosis, meningioma, ischemic strokes, spinal vascular malformations, arteriovenous malformations, aneurysms, stroke and cavernous malformations is directly influencing the market growth rate.
Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the advancements in medical technologies and devices is also bolstering the market growth rate.
Growing investment for healthcare facilities
Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.
Opportunities
Furthermore, upsurge in the public-private funding for target research activities, rising prevalence of Alzheimer's disease, cerebrovascular diseases such as stroke, migraine, and other headache disorders, high stress levels in young people and head injuries, rising geriatric population base and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, unhealthy lifestyle of individuals, rising internet penetration rate, ongoing product development and commercialization and increasing per capita expenditure on health care will further expand the market's growth rate in the future.
Global Interventional Neurology Devices Market Scope
The interventional neurology devices market is segmented on the basis of product type, disease pathology, procedure and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
Aneurysm Coiling and Embolization Devices
Cerebral Balloon Angioplasty and Stenting Systems
Support Devices
Neurothrombectomy Devices
Disease pathology
Ischemic Strokes
Cerebral Aneurysms
Arteriovenous Malformation and Fistulas
Others
Procedure
Embolization
Angioplasty
Neurothrombectomy
Others
End-user
Hospitals
Neurology Clinics
Ambulatory Care Centers
Others
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Interventional Neurology Devices Market Regional Analysis/Insights
The interventional neurology devices market is analysed and market size insights and trends are provided by country, product type, disease pathology, procedure and end user as referenced above.
The countries covered in the interventional neurology devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the interventional neurology devices market because of the strong base of healthcare facilities, widespread utilization of medications, surging occurrences of chronic neurological diseases and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, large population pool, increasing health conscious people within the region, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Interventional Neurology Devices Market Share Analysis
The interventional neurology devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to interventional neurology devices market.
Some of the major players operating in the interventional neurology devices market are:
Johnson & Johnson Services Inc. (US)
Medtronic (Ireland)
Stryker (US)
Terumo Corporation (Japan)
Penumbra, Inc. (US)
Microport Scientific Corporation (China)
Kaneka Corporation (Japan)
Integer Holdings Corporation (France)
Perflow Medical (US)
Phenox GmbH (Germany)
Sensome (France)
Evasc (Canada)
Rapid Medical (Israel)
Asahi Intecc Co. Ltd (Japan)
Acandis GmbH (Germany)
Medikit Co. Ltd (Japan)
Imperative Care (US)
Lepu Medical (China)
Cerus Endovascular (US)
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Research Methodology: Global Interventional Neurology Devices Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.
To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-interventional-neurology-devices-market
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About Data Bridge Market Research, Private Ltd
Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability levels and advanced approaches. We are committed to uncovering the best consumer prospects and fostering useful knowledge for your company to succeed in the market.
Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expanded its reach by opening a new office in the Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. "Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve."
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