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Emerging Neuroendovascular Coil Market Trend 2025-2034: Increasing Focus On The Development Of Soft And Unique-Shaped Coils To Gain A Competitive Edge
Neuroendovascular Coil Market
The neuroendovascular coil market has experienced significant growth in recent years. It is expected to expand from $1.29 billion in 2024 to $1.4 billion in 2025, at a CAGR of 9.2%. Factors contributing to past growth include the rising incidence of neurovascular diseases, an aging population, advancements in diagnostic technologies, the expansion of neurointerventional facilities, increasing awareness and education initiatives, and evolving regulatory approvals and standards.
The neuroendovascular coil market is expected to see strong growth, reaching $1.87 billion by 2029 at a CAGR of 7.4%. This growth is driven by an increase in neurovascular cases, the expansion of neurointerventional services, a focus on early intervention, global healthcare infrastructure growth, patient-centric care, and international collaborations. Key trends include advancements in detachable neuroendovascular coils, increased use of liquid embolics, the development of bioactive and bioabsorbable coils, dual-layer coil technology, and the focus on flow diverters for aneurysm treatment.
What Are the Key Drivers Behind the Growth of the Neuroendovascular Coil Market?
The increasing incidence of neurovascular disorders is expected to stimulate the expansion of the neuroendovascular coil market. Neurovascular diseases impact the blood vessels supplying the nervous system, often resulting in neurological complications. Neuroendovascular coils are instrumental in treating such conditions by being placed inside blood vessels to stabilize or block abnormal vascular structures, reducing the likelihood of hemorrhaging or further complications. For instance, in November 2023, a report published by the National Board of Health and Welfare (Socialstyrelsen), a Sweden-based governmental body, revealed that in 2022, approximately 26,800 strokes were recorded, affecting around 25,100 individuals. Among those affected, 12% succumbed on the same day, 23% within 28 days, and 34% within a year. Thus, the increasing prevalence of neurovascular diseases is boosting the growth of the neuroendovascular coil market.
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Who Are the Major Industry Players Fueling Neuroendovascular Coil Market Expansion?
Major companies operating in the neuroendovascular coil market report are Cardinal Health Inc., Johnson & Johnson Services Inc., Medtronic PLC, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, Kaneka Neurovascular USA, W.L. Gore & Associates Inc., Cook Group Incorporated, Merit Medical Systems Inc., MicroPort Scientific Corporation, Penumbra Inc., MicroVention Inc., Medikit Co. Ltd., Minnetronix Medical Inc., SurModics Inc., Galen Medical Group P.C, Balt USA LLC, Acandis GmbH, Rapid Medical Ltd., Allium Medical Solutions Ltd., Shape Memory Medical Inc., InnoCore Pharmaceuticals BV, Wuhan HNC Technology Co. Ltd., Neural Co. Ltd., Three Rivers Medical Inc.
Which Key Developments Are Influencing the Neuroendovascular Coil Market?
Major companies in the neuroendovascular coil market are focusing on developing soft and uniquely shaped coils to gain a competitive advantage. In neuroendovascular procedures, specially shaped coils, such as tetrahedral coils, improve aneurysm treatment by conforming to vessel anatomy, reducing complications, and enhancing patient outcomes. For example, in December 2022, Stryker Corporation, a US-based medical technology firm, introduced the Target Tetra Detachable Coil. This coil features a new tetrahedral shape and softness level, specifically designed for small aneurysm treatment. Its 2-in-1 design provides stability in wide-necked aneurysms, offering a soft helical tail while maintaining strong memory, making it an ideal choice for small aneurysm procedures.
How Is the Segmentation of the Neuroendovascular Coil Market Defined?
The neuroendovascular coil market covered in this report is segmented -
1) By Product Type: Guglielmi Detachable Coils (GDCs), Matrix Coils
2) By Indication: Ruptured Aneurysm, Unruptured Aneurysm
3) By Application: Tumor Surgery, Medical Teaching
4) By End User: Hospitals, Ambulatory Surgical Centers (ASCs), Stroke Centers, Other End Users
Subsegments:
1) By Guglielmi Detachable Coils (GDCs): Soft GDCs, Standard GDCs, Detachable GDCs With Various Configurations
2) By Matrix Coils: Soft Matrix Coils, Coated Matrix Coils, Detachable Matrix Coils, Flow Diverter Matrix Coils
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What Is the Leading Region in the Neuroendovascular Coil Market?
North America was the largest region in the neuroendovascular coil market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neuroendovascular coil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Neuroendovascular Coil Global Market Report?
- Market Size Analysis: Analyze the Neuroendovascular Coil Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Neuroendovascular Coil Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Neuroendovascular Coil Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Neuroendovascular Coil Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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