Interventional Neurology Devices Market Trends | Industry Size Statistics 2028

The global interventional neurology devices market size was valued at USD 2.5 billion in 2021, growing at a CAGR of 9.2% during the forecast period 2022-28. A branch of medicine called neurology examines conditions that affect the neurological system. There are several different kinds of instruments that are frequently used in neurology. For instance, the targeted sacral nerves in the lower back are electrically stimulated with sacral nerve stimulation devices. Contrarily, cerebrospinal fluid management tools keep the flow of this fluid constant and remove extra fluid from the brain. Accordingly, while deep brain stimulation devices assist in implementing procedures by implanting a medical device that sends electrical impulses to particular target areas in the brain, interventional devices use radiology as well as catheters to diagnose the medical conditions present in the central nervous system.

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The Interventional Neurology Devices Market Growth Factors:
The expansion of the healthcare sector's infrastructure, enticing medical reimbursements, ongoing product research as well as commercialization, and the growing patient population in developing nations all contribute considerably to the worldwide interventional neurology device market's revenue and profit. The need for cutting-edge interventional neurology equipment is being fueled by these. Additionally, increased awareness among neurosurgeons of minimally invasive surgical methods, the introduction of new products, the rise in neurological illnesses, and the large elderly population would all support growth. Additionally, the expansion of the interventional neurology device market is expected to be aided by lower product prices as a result of improved distribution systems and localized manufacturing.

The Interventional Neurology Devices Market Segmentation:
The global interventional neurology devices market on the basis of Product Type, the market is segregated into Cerebral Balloon Angioplasty and Stenting Systems, Neurothrombectomy Devices, Support Devices, Aneurysm Coiling and Embolization Devices. Based on Technology Type, the market is categorized into Carotid artery angioplasty and stenting, Vertebroplasty, Stroke therapy, and pre-operative tumor embolization. Based on Indication, the market is classified into Cerebral aneurysm, Ischemic strokes, Arteriovenous malformations and Fistulas, and Others. Based on End User, the market is divided into Hospitals, Neurology Clinics, and Ambulatory surgical centers.

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The Interventional Neurology Devices Market Regional Analysis:
The market for interventional neurology devices is dominated by North America because of the region's robust healthcare infrastructure, broad drug usage, rising rates of chronic neurological illnesses, and increased research activity. Due to an increase in government interventions to raise awareness, a boost in medical tourism, an increase in research activities in the region, the accessibility of sizable untapped markets, a huge population pool, an increase in the number of people who are health-conscious in the region, and an increase in the demand for high-quality healthcare in the region, Asia-Pacific is predicted to experience significant growth over the forecast period.

Key players in the interventional neurology devices market report are Medtronic plc) (Ireland), Stryker Corporation (U.S.), Abbott Laboratories (U.S.), Terumo Corporation (Japan), Bayer AG (Germany), Boston Scientific Corporation (U.S.), Penumbra, Inc. (U.S.)

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