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What Are the Key Opportunities and Trends Shaping the Future of the Global Neurovascular Embolization Devices Market (2024-2033)?
Neurovascular Embolization Devices Market Analysis
The global neurovascular embolization devices market reached a value of nearly $1,243.49 million in 2023, having grown at a compound annual growth rate (CAGR) of 3.12% since 2018. The market is expected to grow from $1,243.49 million in 2023 to $1,690.92 million in 2028 at a rate of 6.34%. The market is then expected to grow at a CAGR of 6.94% from 2028 and reach $2,364.95 million in 2033.
What are the upcoming opportunities in the global neurovascular embolization devices market?
• Strengthening market position through new product developments
• Launching innovative products
• Expanding new projects and initiatives
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To take advantage of the opportunities, The Business Research Company recommends the neurovascular embolization devices companies focus on:
• Focusing on the launch of innovative low-profile visualized intraluminal support devices
• Adopting new neurovascular devices for ischemic and hemorrhagic stroke management
• Deploying innovations in catheter design for complex neurovascular anatomy
• Developing advanced embolic systems to enhance minimally invasive procedures
What are Neurovascular Embolization Devices: Market Definition?
Neurovascular embolization devices are specialized tools used to treat brain conditions involving abnormal blood flow, such as aneurysms and arteriovenous malformations (AVMs). These devices prevent or reduce blood flow to problematic areas, minimizing bleeding risks and stabilizing vascular abnormalities. The market value in this report represents revenues from goods and services sold within a specific market and geography, calculated as 'factory gate' prices. It includes related services but excludes resales along the supply chain, with revenues expressed in USD unless specified otherwise. Only sales directly to consumers or between entities are included.
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Who are the major companies operating in the global neurovascular embolization devices Market?
The global neurovascular embolization devices market is concentrated, with a few large players operating in the market. The top ten competitors in the market made up to 40.6% of the total market in 2023. Terumo Corporation was the largest competitor with a 8.02% share of the market, followed by:
• Medtronic Plc
• Penumbra Inc
• Stryker Corporation
• Johnson & Johnson
• Cook Medical LLC
• Abbott Laboratories
• MicroPort
• Asahi Intecc Co Ltd.
• Boston Scientific Corporation
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