Press release
Neurovascular Intervention Market : Latest Innovations, Drivers, dynamics and strategic analysis, Challenges by 2019
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Neurovascular intervention market is segmented on following basis:
• Disease condition
o Endovascular cerebral aneurysm
o Acute ischemic stroke
o Chronic ischemic stroke
o Intracranial atherosclerotic disease
• Device type
o Neurovascular embolic coils
o DNeurovascular liquid embolism
o Intracranial stents & flow diverting devices
o Neurovascular thrombectomy devices
o Carotid stents & embolic protection devices
North America dominates the global neurovascular intervention market and is followed by Europe owing to increase in aging and obese population in these regions. Emerging economies of India, China and Japan in the Asia-Pacific region and Latin American countries such as Brazil, Argentina and Chile are expected to grow at a higher growth rate due to rise in gross domestic product (GDP) and increase in purchasing capabilities of healthcare institutions in these regions.
One of the major factors contributing to the growth of this market is the huge patient pool suffering from various neurological disorders. Other major factors driving the market for neurovascular intervention devices include advancement in device and treatment technology, high incidences of ischemic and hemorrhagic strokes, increasing demand for surgical procedures with minimal invasion, market consolidation and innovative initiatives taken up by leading market players. However, major challenge to the growth of this market is high cost involved in neurovascular intervention treatment.
Some of the key players contributing in neurovascular intervention market include Abbott Laboratories, Bayer AG, Boston Scientific Corporation, Cardiatis, S.A., Chestnut Medical Technologies, Inc., Covidien PLC, Flexible Stenting Solutions, Inc., Johnson & Johnson, ITGI Medical Ltd., NeuroVasx, Inc., Penumbra, Inc., Phenox GmbH, Sequent Medical, Inc., Stryker Corporation, and Terumo Corporation.
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