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Neurovascular Embolization Devices Market to Surge: Key Metrics Reveal Market Size, Significant Trends, Growth Drivers, and Competitive Landscape Insights for Future Growth
Neurovascular Embolization Devices Market
As per the report, the neurovascular embolization devices market size has grown strongly in recent years. It will grow from $1.15 billion in 2023 to $1.23 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The neurovascular embolization devices market size is expected to see strong growth in the next few years. It will grow to $1.60 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
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Rising Hemorrhages Drive Neurovascular Embolization Devices Market Growth
The rise in the prevalence of hemorrhages is expected to propel the neurovascular embolization devices market going forward. Hemorrhages are abnormal, uncontrolled bleeding that occurs internally within the body or externally through a break in the skin or mucous membrane. The prevalence of hemorrhages is due to several factors, such as aging populations, an increased incidence of hypertension, and the expanded use of anticoagulant medications. Neurovascular embolization devices are utilized in hemorrhagic strokes to obstruct abnormal blood vessels, reducing bleeding and preventing further damage to the brain. For instance, in February 2024, according to the research of King's College London, a UK-based public research university, the number of cases and deaths from intracerebral hemorrhage (ICH) (a specific type of hemorrhage) is expected to increase by 59.4% in people aged 70 to 95 across the UK by 2050. Therefore, the rise in the prevalence of hemorrhages drives the growth of the neurovascular embolization devices market.
Advanced Neurovascular Devices To Address The Significant Medical Needs
Major companies operating in neurovascular embolization devices are focused on developing products with advanced technology, such as shield technology, to treat brain aneurysms and gain a competitive edge in the market. Shield Technology refers to an advanced feature aimed at enhancing the efficacy and safety of the devices and contributing to the overall durability and longevity of the embolization devices. For instance, in June 2022, Medtronic PLC, an Ireland-based healthcare technology company, launched the Pipeline Vantage with Shield Technology, a fourth-generation flow diverter in India. It has enhanced design features to improve ease of use and reliability during endovascular procedures. The device promotes cell growth in the inner lining of the blood vessel, providing a scaffold that contributes to the minimally invasive treatment of aneurysms, reduces the risk of rupture, and improves patient outcomes.
The neurovascular embolization devices market covered in this report is segmented -
1) By Product: Embolization Coils, Liquid Embolic Systems, Flow Diversion Stents, Aneurysm Clips, Other Products
2) By Treatment: Ischemic Stroke Solution, Hemorrhagic Stroke Solutions
3) By Indication: Brain Aneurysms, Arteriovenous Malformation, Other Indications
4) By End User: Hospitals, Ambulatory Surgical Centers, Other End Users
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Major companies operating in the neurovascular embolization devices market are Johnson & Johnson, Abbott Laboratories, Medtronic plc, Heraeus Holding, Stryker Corporation, Boston Scientific Corporation, Kaneka Corporation, Terumo Corporation, B Braun Melsungen AG, Cook Medical LLC, Integer Holdings Corporation, Merit Medical Systems Inc, Penumbra Inc, Asahi Intecc Co Ltd, MicroVention Inc, Balt USA LLC, Imperative Care Inc, InNeuroCo Inc, Acandis GmbH & Co KG, Rapid Medical Ltd, Emboline Inc, InspireMD Inc, QXMedical LLC, Vesalio LLC, EmbolX Inc
Contents of the report:
1. Executive Summary
2. Neurovascular Embolization Devices Market Report Structure
3. Neurovascular Embolization Devices Market Trends And Strategies
4. Neurovascular Embolization Devices Market - Macro Economic Scenario
5. Neurovascular Embolization Devices Market Size And Growth
…..
27. Neurovascular Embolization Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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