Press release
Neurointerventional Devices Market Strong Growth at a CAGR of 7.5% by 2032 | Stryker Corporation., Terumo Corporation, Merit Medical Systems Inc., Lepu Medical Technology (Beijing) Co., Ltd.
The catheter segment to maintain its leadership status throughout the forecast period
The stroke segment maintains its leadership status throughout the forecast period
North America segment emerged as highest revenue generator.
According to the report, the global neurointerventional devices market industry generated $2.54 billion in 2022 and is estimated to reach $5.26 billion by 2032, exhibiting a CAGR of 7.5% from 2023 to 2032.
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Market Segmentation:
Type of device: The neurointerventional devices market can be segmented based on the type of device used. Some of the major types of neurointerventional devices include:
Stents: Stents are used to widen narrowed blood vessels in the brain.
Coils: Coils are used to block blood vessels that are supplying blood to aneurysms and tumors.
Thrombectomy devices: Thrombectomy devices are used to remove blood clots from blood vessels in the brain.
Flow diverters: Flow diverters are used to divert blood flow away from aneurysms and tumors.
Other neurointerventional devices: Other neurointerventional devices include embolic protection devices, balloon angioplasty catheters, and guidewires.
Application:
Stroke: Neurointerventional devices are used to treat stroke by removing blood clots from blood vessels in the brain.
Aneurysm: Neurointerventional devices are used to treat aneurysms by blocking blood vessels that are supplying blood to the aneurysm.
Arteriovenous malformation (AVM): Neurointerventional devices are used to treat AVMs by diverting blood flow away from the AVM.
End-user:
Hospitals: Hospitals are the largest users of neurointerventional devices. Hospitals use neurointerventional devices to treat a wide range of neurological disorders.
Ambulatory surgical centers: Ambulatory surgical centers are also increasingly using neurointerventional devices to treat neurological disorders.
Research institutions: Research institutions are using neurointerventional devices to develop new and improved treatments for neurological disorders.
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Leading Market Players: -
Johnson & Johnson
Lepu Medical Technology (Beijing) Co., Ltd
Integer Holdings Corporation
Medtronic plc
Terumo Corporation
Merit Medical Systems Inc.
Balt Group
Stryker Corporation.
Penumbra, Inc
Cook Group Inc
Regional Growth Dynamics:
North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global neurointerventional devices market market revenue, This can be attributed to technological advancements in the healthcare sector, increased adoption of minimally invasive procedures, a growing elderly population, and the strong presence of key market players in the region. However, the Asia-Pacific region is expected to witness the fastest CAGR of 8.3% during the forecasted period owing to the rise in medical tourism and an increase in the prevalence of neurological disorders.
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Key Questions Answered in the Intelligent Study
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
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