Neurovascular Devices Market (Highlights the minimally invasive nature of these devices and market growth)

Neurovascular Devices or Interventional Neurology Market worth $ 5.72 Billion by 2030 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Neurovascular Devices or Interventional Neurology Market- by Products (Aneurysm Coiling & Embolization Devices (embolic Coils, Flow Diversion Devices, Liquid Embolic Agents),

Cerebral Balloon Angioplasty & Stenting Systems (carotid Artery Stents, Embolic Protection, Balloon Catheters), Support Devices (microcatheters And Guidewires), And Neurothrombectomy Devices (clot Retrievals, Suction & Aspiration, Snares)), End-Users (Hospitals & Surgical Centers, Ambulatory Care Centers and Research Laboratories & Academic Institutes), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

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According to the latest research by InsightAce Analytic, the global Neurovascular Devices or Interventional Neurology market will be valued at US$ 2.66 Billion in 2021. It is expected to reach US$ 5.72 Billion by 2030, with a CAGR of 9.13% during a forecast period of 2024-2031.

Neurovascular Devices: Minimally Invasive Solutions for Brain Health
Neurovascular devices, also known as interventional neurology devices, are a group of medical tools used to treat cerebrovascular disorders affecting the blood vessels supplying the brain.

These devices include coils, stents, clot-retrieving devices, and others specifically designed for minimally invasive procedures. A crucial application of these devices is neurovascular thrombectomy, which involves removing blood clots lodged in the brain's arteries and veins, potentially preventing stroke.
Market Drivers for Neurovascular Devices

The global market for neurovascular devices is experiencing growth due to several factors:
• Increased Healthcare Spending: Rising government investment in healthcare facilities is improving access to these advanced treatment options

.
• Growing Demand for Minimally Invasive Procedures: The growing preference for minimally invasive procedures, offering faster recovery times and less patient discomfort, is driving demand for neurovascular devices.

• Rising Prevalence of Neurovascular Diseases: The increasing prevalence of stroke, cerebral aneurysms, epilepsy, arteriovenous malformations (AVMs), and carotid artery stenosis is expected to fuel the need for neurovascular interventions.

• Favorable Reimbursement Policies: Adequate medical reimbursement for neurovascular disease treatment procedures incentivizes their use.
Challenges and Considerations

Despite these positive trends, the market for neurovascular devices faces some challenges:
• High Costs: The high cost of both the neurovascular devices themselves and the surgical procedures can be a barrier for some patients.

• Patient Awareness: Limited public awareness of neurovascular conditions and treatment options can hinder market growth.
Regional Market Outlook
• North America: North America is anticipated to maintain a significant market share due to the high prevalence of neurological diseases, advanced healthcare infrastructure, and growing adoption of minimally invasive procedures.

• Asia Pacific: The Asia Pacific region is expected to experience substantial growth in the neurovascular device market. Factors contributing to this growth include the rising incidence of chronic neurological disorders and the increasing availability of embolization devices in this region.

I hope this revision improves readability by separating the explanation of neurovascular devices from the market analysis and highlighting the specific factors driving growth and challenges.

Major market players operating in the Neurovascular Devices or Interventional Neurology market include
Johnson & Johnson (US), Medtronic PLC (Ireland), Stryker Corporation (US), Terumo Corporation (Japan), Penumbra, Inc. (US), Microport Scientific Corporation (China), Kaneka Corp. (Japan), Integer Holdings Corporation (US), Balt (France), Perflow Medical (Israel), Phenox GmbH (Germany), Sensome (France), Evasc (Canada), Rapid Medical

(Israel), Asahi Intecc Co. Ltd (Japan), Acandis GmbH (Germany), Medikit Co. Ltd (Japan), Imperative Care (US), Lepu Medical (China), Cerus Endovascular (US), MicroVention, Inc. (US), Mizuho Medical (Japan), Peter Lazic GmBH (Germany), Spartan Micro (US), Emboflu (Switzerland), Straub Medical AG (Switzerland), AngioDynamics (US), Microbot Medical Inc. (US) and others.

Recent collaborations and agreements in the market:
• In April 2022, Connemara Biomedical Holdings Teoranta, which includes its operating businesses Aran Biomedical and Proxy Biomedical, was acquired, according to an announcement from Integer Holdings Corporation. Integer's ability to provide comprehensive solutions for challenging delivery and treatment devices in fast-growing cardiovascular fields like structural heart, neurovascular, peripheral vascular, and endovascular, as well as general surgery, is now even stronger thanks to its relationship with Aran.

• In December 2021, the leading global provider of medical technology, Stryker, and Microbot Medical Inc. (US) worked together. To create the first dedicated robotic procedure kits for particular neurovascular operations, Microbot Medical will work with Stryker's Neurovascular Division to integrate its neurovascular tools with Microbot's LIBERTY Robotic System.

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Market Segments
Global Neurovascular Devices or Interventional Neurology Market, by Products, 2022-2030 (Value US$ Mn)
• Aneurysm Coiling & Embolization Devices
o Embolic Coils
o Bare Detachable Coils
o Coated Detachable Coils
o Flow Diversion Devices
o Liquid Embolic Agents
• Cerebral Balloon Angioplasty & Stenting Systems
o Carotid Artery Stents
o Embolic Protection Devices
o Balloon Catheters
• Support Devices
o Microcatheters
o Guidewires
• Neurothrombectomy devices
o Clot Retrievals
o Suction & Aspiration Devices
o Snares

Global Neurovascular Devices or Interventional Neurology Market, by End-Users, 2022-2030 (Value US$ Mn)
• Hospitals & Surgical Centers
• Ambulatory Care Centers
• Research Laboratories & Academic Institutes

Global Neurovascular Devices or Interventional Neurology Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Neurovascular Devices or Interventional Neurology Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada

Europe Neurovascular Devices or Interventional Neurology Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Neurovascular Devices or Interventional Neurology Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Neurovascular Devices or Interventional Neurology Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Neurovascular Devices or Interventional Neurology Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global Neurovascular Devices or Interventional Neurology market
 To receive an industry overview and future trends of the Neurovascular Devices or Interventional Neurology market
 To analyze the Neurovascular Devices or Interventional Neurology market drivers and challenges
 To get information on the Neurovascular Devices or Interventional Neurology market value (US$ Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Neurovascular Devices or Interventional Neurology market industry

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