Press release
Neurovascular Devices Industry is Expected to Reach High Growth by 2031 - Abbott Laboratories, Johnson & Johnson (DePuy Synthes), Medtronic plc.
Will the Neurovascular Devices market emerge as the sector's next great thing? To discover the answer, look at the Neurovascular Devices market analysis and projections. In-depth insight of the opportunities, difficulties, and trends now impacting the Machinery landscape is provided by this market research study, empowering industry participants to make informed decisions in a changing environment. Take advantage of the opportunity in the Neurovascular Devices market! (2031)
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Key Growth Drivers in Neurovascular Devices Market:
Rising R&D Investments in Pharmaceutical and Biotechnology Industries Propel Market Growth
The increasing research and development (R&D) investments in the pharmaceutical and biotechnology industries are key drivers of market growth, particularly in the field of neurovascular treatments. Neurosurgeons and medical professionals are constantly seeking therapeutic alternatives that effectively reduce the risk of fatality or severity in neurovascular diseases such as epilepsy, brain stroke, and cerebral aneurysm. As the number of patients suffering from these conditions continues to rise, the demand for innovative and effective treatments is growing, particularly in major markets like the US, Germany, Japan, China, and India.
For instance, cerebral aneurysm, a prevalent neurovascular disorder, poses significant risks, including hemorrhage and permanent neurological damage. In 2020, there were approximately 6.5 million reported cases of brain aneurysms in the US alone, with around 30,000 people experiencing aneurysm ruptures annually. Similarly, in England, about 1 in 12,500 people are diagnosed with a brain aneurysm each year, and approximately 3% of adults in the UK are affected by this condition. The increasing prevalence of contributing factors such as hypertension, alcohol consumption, and smoking further exacerbates the incidence of brain aneurysms.
The demand for neurovascular treatments is also being driven by advancements in innovative technologies, which have led to the development of minimally invasive procedures. These procedures offer significant benefits to patients, including reduced pain, less blood loss, and cost-effectiveness, making them increasingly popular in neurovascular surgeries. As a result, the adoption of neurovascular devices is expected to accelerate, further driving market growth in the forecast period.
Moreover, the growing focus on R&D within the pharmaceutical and biotechnology sectors is expected to lead to the development of new and improved neurovascular treatments, which will contribute to the overall expansion of the market. This trend highlights the critical role of innovation and investment in addressing the rising prevalence of neurovascular diseases and improving patient outcomes.
DataM Intelligence profiles some of the most reputed organizations present in the Neurovascular Devices market. They are as follows:
Abbott Laboratories, Johnson & Johnson (DePuy Synthes), Medtronic plc, MicroPort Scientific Corporation, Penumbra, Inc., Stryker Corporation, Terumo Corporation, W. L. Gore & Associates, Inc., Asahi Intecc Co. Ltd, and Acandis GmbH among others.
Segment Covered in the Neurovascular Devices Market:
By Product: Aneurysm Coiling & Embolization Devices, Cerebral Balloon Angioplasty and Stenting Systems, Support Devices, Neurothrombectomy Devices, Other.
By Disease: Aneurysm, Ischemic Strokes, Cerebral Aneurysms, Arteriovenous Malformation and Fistulas, Other.
Regional Analysis:
The global Neurovascular Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Neurovascular Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Neurovascular Devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Neurovascular Devices manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Neurovascular Devices in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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FAQ's
Q.1. What are the primary drivers of the Neurovascular Devices Industry?
Q.2. What are the main factors propelling and impeding the growth of the Neurovascular Devices market?
Q.3. What are the general structure, risks, and opportunities of the market?
Q.4. How do the prices, revenue, and sales of the leading Neurovascular Devices market firms compare?
Q.5. What are the main segments of the market and how is it divided up?
Q.6. Which companies dominate the market, and what percentage of the market do they control?
Q.7. What trends are influencing the Neurovascular Devices market now and in the future?
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