Neurovascular Devices Market Primed for Remarkable Growth, Targets USD 4.51 Billion by 2030 | SNS Insider

The market size of neurovascular devices was valued at USD 2.81 billion in 2022 and is projected to reach USD 4.51 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2023 to 2030.

Neurovascular devices play a crucial role in the treatment of various neurological disorders, such as strokes and aneurysms. These devices are designed to restore blood flow to the brain, ensuring optimal functioning and preventing further damage. With the increasing prevalence of neurological conditions and advancements in medical technology, the demand for neurovascular devices is expected to witness substantial growth in the coming years.

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The rising geriatric population, coupled with the growing incidence of stroke cases, is a significant factor driving the market's expansion. Additionally, the adoption of minimally invasive procedures and the development of innovative devices with enhanced efficacy and safety profiles are further propelling market growth.

Key market players are actively engaged in research and development activities to introduce novel neurovascular devices with improved features. Collaborations, mergers, and acquisitions are also prevalent strategies adopted by these companies to strengthen their market position and expand their product portfolios.
Major Players Listed in the Report are as Follows:
IBM, PPD, Inc., IQVIA, Parexel International Corp., Syneos Health, Icon Plc, Medpace, PerkinElmer, Inc., Oracle, Cegedim Health Data and Other Players.

Neurovascular Devices Market Segmentation as Follows:

By Device Type
• Cerebral Embolization and Aneurysm Coiling Devices
-Embolic Coils
-Liquid Embolic Agents
-Flow Diverters
• Cerebral Angioplasty and Stenting Systems
-Embolic Protection Devices
-Carotid Artery Stents
• Neurothrombectomy Devices
-Clot Retrieval Devices
-Vascular Snares
-Suction Devices
• Support Devices
-Micro Guidewires
-Micro Catheters

By Therapeutic Application
• Stroke
• Cerebral Artery Stenosis
• Cerebral Aneurysm
-Aneurysmal Subarachnoid Hemorrhage
• Others

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Geographically, North America currently dominates the neurovascular devices market, owing to the presence of well-established healthcare infrastructure and a high prevalence of neurological disorders in the region. However, the Asia Pacific region is anticipated to witness the highest growth rate during the forecast period, primarily due to the increasing healthcare expenditure, rising awareness about neurological conditions, and improving access to advanced medical treatments.

In conclusion, the neurovascular devices market is poised for substantial growth in the coming years, driven by factors such as the rising prevalence of neurological disorders, technological advancements, and increasing healthcare expenditure. With the introduction of innovative devices and expanding market opportunities in emerging economies, the industry is expected to witness significant developments and provide improved treatment options for patients suffering from neurological conditions.

Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Neurovascular Devices Market Dynamics
Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter's 5 forces model
Chapter 7 PEST Analysis
Chapter 8 Neurovascular Devices Market Segmentation, By Device Type
Chapter 9 Neurovascular Devices Market Segmentation, By Therapeutic Application
Chapter 10 Regional Analysis
Chapter 11 Company profile
Chapter 12 Competitive Landscape
Chapter 13 Use Case and Best Practices
Chapter 14 Conclusion

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