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Neurovascular Devices Market Size, Share & Trends Analysis Report By Device, By Therapeutic Applications, By Size, By End-Use, By Region, And Segment Forecast 2023 - 2032

05-26-2023 08:12 AM CET | IT, New Media & Software

Press release from: We Market Research

Global Neurovascular Devices Market

Global Neurovascular Devices Market

The global Neurovascular Devices market size was valued at USD 3,350 million in 2022 and is projected to reach USD 5,860 million by 2033, growing at a CAGR of 9.0% during the forecast period.


The field of neurovascular devices has witnessed remarkable growth in recent years, driven by the increasing prevalence of neurological disorders and the demand for minimally invasive treatment options. These innovative devices play a crucial role in diagnosing and treating conditions affecting the brain and blood vessels, offering hope to patients and revolutionizing the medical landscape. In this article, we delve into the dynamic Neurovascular Devices Market, exploring its current landscape, key trends, notable advancements, and future prospects.

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Neurovascular Devices Market

The Neurovascular Devices Market is a thriving industry that encompasses a wide range of medical devices designed to diagnose, treat, and manage neurovascular conditions. From hemorrhagic strokes to aneurysms and arteriovenous malformations (AVMs), these devices are utilized by healthcare professionals to restore blood flow, repair damaged vessels, and prevent life-threatening complications.

Growth Drivers: Rising Prevalence of Neurological Disorders
The increasing incidence of neurological disorders, such as ischemic strokes and brain aneurysms, has fueled the demand for neurovascular devices. These conditions pose significant risks to patients and require immediate medical intervention. Neurovascular devices provide healthcare practitioners with effective tools for rapid diagnosis and targeted treatment, enabling improved patient outcomes.

Technological Advancements: A Catalyst for Innovation
Advancements in technology have revolutionized the neurovascular devices market, leading to the development of innovative solutions. From advanced imaging techniques to robotic-assisted surgeries, these devices leverage cutting-edge technologies to enhance precision, improve patient safety, and reduce recovery time.

Rise of Minimally Invasive Procedures
Minimally invasive procedures have gained immense popularity in the neurovascular field due to their numerous benefits over traditional open surgeries. Neurovascular devices enable surgeons to navigate intricate blood vessels and perform delicate procedures with minimal disruption. This approach offers reduced scarring, shorter hospital stays, and faster recovery for patients.

Increasing Awareness and Early Diagnosis
Raising public awareness about the signs and symptoms of neurovascular conditions has led to early diagnosis and intervention. Neurovascular devices, such as diagnostic imaging tools, aid in the accurate identification of disorders, enabling timely treatment and preventing complications.

Expanding Geriatric Population
The aging population is prone to various neurological disorders, driving the demand for neurovascular devices. As individuals age, their risk of stroke, aneurysms, and other cerebrovascular diseases increases. Neurovascular devices are crucial in managing and treating these conditions, contributing to the growth of the market.

Global Neurovascular Devices market: Segmental Analysis
Product Type
• Cerebral Embolization and Aneurysm Coiling Devices
• Neurothrombectomy Devices
• Support Devices
• Others

Disease Type
• Ischemic Strokes
• Hemorrhagic Strokes
• Cerebral Aneurysms
• Arteriovenous Malformations (AVMs)
• Others

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics

Global Neurovascular Devices Market: Key Companies
• Medtronic plc
• Stryker Corporation
• Johnson & Johnson (Codman Neuro)
• Penumbra, Inc.
• Terumo Corporation
• MicroVention, Inc. (Terumo Corporation)
• Merit Medical Systems, Inc.
• MicroPort Scientific Corporation
• Balt Extrusion
• Rapid Medical
• Others

Global Neurovascular Devices Market: Regional Scope
North America
• U.S.
• Canada
• Mexico
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• Egypt
• South Africa
• Rest of Middle East and Africa

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Notable Neurovascular Devices and Technologies

The Neurovascular Devices Market encompasses an array of cutting-edge devices and technologies that are transforming patient care. Here are some notable advancements:

Coil Embolization Systems
Coil embolization systems are commonly used in the treatment of cerebral aneurysms. These devices consist of platinum coils that are inserted into the aneurysm, promoting blood clotting and preventing rupture. The coil embolization technique offers a minimally invasive alternative to traditional surgical methods.

Flow Diverters
Flow diverters are stent-like devices that redirect blood flow away from aneurysms, promoting healing and reducing the risk of rupture. These devices are placed within the affected blood vessel and act as a scaffold, allowing new tissue to form and prevent further expansion of the aneurysm.

Intracranial Stents
Intracranial stents are utilized in the treatment of wide-necked aneurysms and intracranial stenosis. These devices are inserted into the blood vessel to provide support and maintain blood flow. Intracranial stents help prevent future strokes and reduce the risk of aneurysm recurrence.

Thrombectomy Devices
Thrombectomy devices are used to remove blood clots from blocked blood vessels, particularly in cases of acute ischemic stroke. These devices are designed to restore blood flow quickly, improving patient outcomes and reducing the risk of disability.

Neurovascular Catheters
Neurovascular catheters are essential tools for diagnostic and interventional procedures. These catheters enable the insertion of contrast agents for imaging studies, as well as the delivery of medications and devices for treatment purposes. Neurovascular catheters offer precise control and access to complex vascular structures.

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Key Questions Answered in the Report:
● What will be the development pace of market? What is the growth rate of the global market?
● Who are the key manufacturers in the market space? Who are the world's leading manufacturers?
● What are sales, revenue, and price analysis of the top manufacturers of market?
● Who are the distributors, traders, and dealers of market? What are the key factors driving the Global market?
● What are the market opportunities and threats faced by the vendors in the industries?
● What are deals, incomes, and value examinations by types and applications of the market?
● What are the primary factors driving market?
● What are the market's advantages, disadvantages, and risks, as well as an overview of the market?
● Who are the Top Manufacturers in the Market in Terms of Sales, Revenue, and Price Analysis?
● Analysis of Industry Revenue, Sales, and Pricing, what is the difference between Equipment by region, type, and application?

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Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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