Press release
Neurovascular Devices Market Demand will reach a value of US$ 7ย Billion by the year 2033 at a CAGR of 9% | Data analysis by Transparency Market Research Inc.
Neurovascular Devices
The global sales of the ๐๐๐ฎ๐ซ๐จ๐ฏ๐๐ฌ๐๐ฎ๐ฅ๐๐ซ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ in 2022 were held atย US$ 3.1 Bn.ย With a CAGR ofย 7.6%ย duringย 2023 - 2033,ย theย marketย is projected to reach a valuation ofย US$ 7 Bnย by 2033.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ :
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Cerebral Embolization and Aneurysm Coiling Devicesย are expected to be the highest revenue-generating segment, projected to grow at a CAGR of aroundย 9%ย during 2023 - 2033.
The realm of neurovascular medicine pertains to the diagnosis and treatment of various disorders affecting both the peripheral and central nervous systems. Conditions such as cerebral hemorrhage and brain aneurysms often stem from the weakening of arteries, contributing to adult impairment primarily attributed to neurovascular diseases.
Nonetheless, technological advancements have emerged as pivotal aids for healthcare professionals in alleviating the burdens associated with neurovascular ailments. Utilizing materials like nitinol, cobalt, and platinum, among others, neurovascular devices are tailored to meet the specific requirements for aneurysm repair and ischemic stroke prevention.
The global neurovascular devices industry is experiencing substantial growth driven by several factors, including the escalating incidence of neurovascular disorders worldwide and the expanding elderly demographic. Moreover, the increasing preference for minimally invasive surgical procedures is bolstering the worldwide market's progression.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Medtronic,Microport Scientific Corporation,Penumbra Inc,Stryker,Johnson & Johnson Services Inc.,Microvention Inc.,Codman Neuro
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ:
By Product Type
Cerebral Embolization and Aneurysm Coiling Devices
Embolic Coils
Flow Diversion Devices
Liquid Embolic Agents
Cerebral Angioplasty and Stenting Systems
Carotid Artery Stents
Embolic protection
Neurothrombectomy Devices
Clot Retrieval Devices
Suction Devices
Vascular Snares
Support Devices
Micro Catheters
Micro Guidewires
By Therapeutic Application
Stroke
Cerebral Artery Stenosis
Cerebral Aneurysm
Other Therapeutic Applications
By Region
North America
Latin America
Europe
APAC
MEA
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
In 2020, Johnson & Johnson announced the launch of Cerenovus Stroke Solutions, which is a set of three devices to assist physicians in clot removal treatments. The Cerenovus Large Bore Catheter, Cerebase DA Guide Sheath, and Embotrap III Revascularization Device are among the devices.
In August 2020, After receiving FDA clearance, Stryker Corporation released the Surpass Evolve Flow Diverter in the United States.
๐๐๐ญ ๐๐ก๐ข๐ฌ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ, ๐๐ง๐ฌ๐ญ๐๐ง๐ญ๐ฅ๐ฒ:
https://www.transparencymarketresearch.com/checkout.php?rep_id=68459<ype=S&utm_source=OpenPR&utm_campaign=MansiR_OpenPR
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ:
Drivers:
Technological Advancements in Neurovascular Devices
Increasing Prevalence of Neurological Disorders
Growing Geriatric Population
Favorable Reimbursement Policies
Challenges:
High Cost of Neurovascular Procedures
Stringent Regulatory Approval Processes
Limited Awareness in Developing Regions
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
Minimally Invasive Neurovascular Procedures
Shift towards Combination Therapies
Focus on Patient-Centric Approaches
Integration of Artificial Intelligence and Robotics
๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:
The future of the neurovascular devices market looks promising, with ongoing research and development activities aimed at introducing innovative treatment modalities and devices. Emerging economies are expected to offer lucrative opportunities for market players, given the increasing healthcare investments and improving healthcare infrastructure.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐:
๐๐ซ๐๐ฌ๐ฌ๐ฎ๐ซ๐ ๐๐๐ฅ๐ข๐๐ ๐๐ฎ๐ฌ๐ก๐ข๐จ๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ- https://www.globenewswire.com/news-release/2023/03/17/2629603/0/en/Pressure-Relief-Cushions-Market-Revenue-to-Cross-USD-96-Million-by-2033-Transparency-Market-Research.html
๐๐๐ซ๐๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ง๐ค ๐๐๐ซ๐ค๐๐ญ- https://www.globenewswire.com/news-release/2023/03/17/2629565/0/en/Carbon-Battery-Bank-Market-to-Surpass-a-Valuation-of-US-10-2-Million-by-2033-Owing-to-Surge-in-Demand-for-Carbon-Battery-Banks-among-Commercial-End-users-Transparency-Market-Resear.html
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a globalย market research companyย registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
๐๐จ๐ง๐ญ๐๐๐ญ:
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