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Driving Progress: Rising Demand for Minimally Invasive Treatments Fuels Growth in the Interventional Neurology Devices and Equipment Market || Medtronic PLC, Stryker Corporation, Terumo Corporation, Penumbra Inc
Interventional Neurology Devices And Equipment Market
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company's Interventional Neurology Devices And Equipment Global Market Report 2023 identifies the increase in the patient population with neurological disorders is driving the Interventional neurology devices market. Neural disorders like Alzheimer's disease, cerebrovascular diseases including stroke, migraine, and other headache disorders are on the rise. The rapid increase in the geriatric population, high-stress levels in young individuals, and head injuries due to accidents are the main reasons for neural disorders. For example, according to the Brain Aneurysm Foundation, it is estimated that in the United States, 6 million people suffer from unruptured brain aneurysms.
The interventional neurology devices and equipment market size has grown strongly in recent years. It will grow from $2.19 billion in 2023 to $2.38 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increasing neurological disorders, aging population, stroke awareness and diagnosis, multidisciplinary approach. The interventional neurology devices and equipment market size is expected to see strong growth in the next few years. It will grow to $3.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
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Major competitors in the interventional neurology devices and equipment market include Medtronic PLC, Stryker Corporation, Terumo Corporation, Penumbra Inc., COVIDien, Abbott Laboratories, Merit Medical Systems Inc., W. L. Gore & Associates, Bayer AG, MicroPort Scientific Corporation, Boston Scientific Corporation.
A key trend in the interventional neurology devices and equipment market includes developing innovative products such as SenTiva DUO to provide a new treatment option for patients with drug-resistant epilepsy who were previously unable to receive the latest VNS therapy. SenTiva DUO is a new implantable pulse generator (IPG) with a dual-pin header to provide vagus nerve stimulation (VNS) therapy for the treatment of drug-resistant epilepsy. For instance, in February 2023, LivaNova Plc., a UK-based medical device company, launched SenTiva DUO, a new implantable pulse generator (IPG) with a dual-pin header to provide vagus nerve stimulation (VNS) therapy for the treatment of drug-resistant epilepsy.
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The interventional neurology devices and equipment market covered in this report is segmented -
1) By Type: Aneurysm Coiling & Embolization Devices, Cerebrospinal Fluid Management Devices, Neurothrombectomy Devices, Support Devices
2) Aneurysm Coiling & Embolization Devices By Type: Embolic coils, Flow diversion devices, Liquid embolic devices
3) Angioplasty Devices by Type: Carotid artery stents, Embolic protection systems
4) Support Devices By Type, Micro guide wires, Micro catheters
5) Neurothrombectomy Devices By Type: CLOT retrieval devices, Suction and aspiration devices, Snare
6) By End-User: Hospitals, Neurology clinics, Ambulatory care centers and others
7) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the global interventional neurology devices and equipment market.
The Business Research Company's "Global Interventional Neurology Devices And Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Interventional Neurology Devices And Equipment Market Include:
1. Executive Summary
2. Interventional Neurology Devices And Equipment Market Characteristic
3. Interventional Neurology Devices And Equipment Market Trends And Strategies
4. Interventional Neurology Devices And Equipment Market - Macro Economic Scenario
5. Interventional Neurology Devices And Equipment Market Size And Growth
……………
27. Interventional Neurology Devices And Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Interventional Neurology Devices And Equipment Market
29. Interventional Neurology Devices And Equipment Market Future Outlook And Potential Analysis
30. Appendix
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