Interventional Neurology Devices Market Report 2024 - Industry Growth And Trends

"The Business Research Company recently released a comprehensive report on the Global Interventional Neurology Devices And Equipment Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The interventional neurology devices and equipment market size has grown strongly in recent years. It will grow from $2.19 billion in 2023 to $2.38 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increasing neurological disorders, aging population, stroke awareness and diagnosis, multidisciplinary approach.

The interventional neurology devices and equipment market size is expected to see strong growth in the next few years. It will grow to $3.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to minimally invasive procedures, emerging markets growth, regulatory support and reimbursement, telehealth and remote consultation. Major trends in the forecast period include artificial intelligence (ai) and image analysis, robotics and navigation, patient-specific devices, hybrid operating rooms.

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Market Drivers and Trends:
An increase in the patient population with neurological disorders is driving the Interventional neurology devices market. Neural disorders like Alzheimer's disease, cerebrovascular diseases including stroke, migraine, and other headache disorders are on the rise. The rapid increase in the geriatric population, high-stress levels in young individuals, and head injuries due to accidents are the main reasons for neural disorders. For example, according to the Brain Aneurysm Foundation, it is estimated that in the United States, 6 million people suffer from unruptured brain aneurysms. Also, according to World Health Organization, more than 50 million have epilepsy and over 47 million have dementia. Hence, the rapid increase in the incidence of neurological disorders is slated to boost the market in the forecast period.

Stryker Inc.'s latest technological development Neuroform Atlas Stent System is expected to provide significant results to treat brain aneurysms with embolic coils. The introduction of such technologies would drive the interventional neurological device market in the future. The Atlas stent system provides great support during the coiling procedures, and it has been designed s to provide the coil support and wall apposition needed to perform an effective stent-assisted coiling procedure. Neuroform Atlas has enhanced stent conformability, a low-profile delivery system, and high deployment accuracy even in distal anatomy making it the latest choice of the neuro-surgeons, thereby steering the market.

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Major Key Players of the Market:
Medtronic plc, Stryker Corporation, Terumo Corporation, Penumbra Inc., COVIDien, Abbott Laboratories, Merit Medical Systems Inc., W. L. Gore & Associates, Bayer AG, MicroPort Scientific Corporation, Boston Scientific Corporation, Johnson & Johnson, Medikit Co. Ltd., Acandis GmbH, Biosensors International Ltd., Integra LifeSciences Holdings Corporation, Magstim C-Ltd., UreSil LLC, Cook Group Incorporated, Siemens Healthineers, B. Braun Melsungen AG, Integer Holdings Corporation, Nihon Kohden Corporation, LivaNova, Teleflex Incorporated, Balt Extrusion SAS, Rapid Medical Ltd., phenox GmbH, Spiegelberg GmbH & Co. KG

Interventional Neurology Devices And Equipment Market 2024 Key Insights:
• The interventional neurology devices and equipment market size is expected to see strong growth in the next few years. It will grow to $3.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
• Surge In Neurological Disorders Drives Growth Of The Interventional Neurology Devices Market
• Stryker's Innovative Neuroform Atlas Stent System Poised To Drive Interventional Neurological Device Market
• North America was the largest region in the global interventional neurology devices and equipment market in 2023

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