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Primary Catalyst Driving Interventional Neuroradiology Market Evolution in 2025: Rising Neurological Disorders Fuel Market Growth Driver
What combination of drivers is leading to accelerated growth in the interventional neuroradiology market?The surge in instances of neurological conditions is predicted to fuel the expansion of the interventional neuroradiology market. Neurological disorders are health issues that affect the brain, spinal cord, or peripheral nerves, leading to impairments in movement, sensation, cognition, or communication. The increasing cases of these disorders can be attributed to the worldwide aging population, heightening the vulnerability towards age-related diseases like Alzheimer's, along with advancements in diagnostics that aid early and precise detection. Interventional neuroradiology employs minimally invasive, imaging-based techniques to diagnose and treat disorders such as aneurysms, strokes, and arteriovenous malformations. To illustrate, Alzheimer's Research UK, a UK-based dementia research charity, reported in May 2023 that dementia was the most common cause of death in the UK in 2022, causing over 74,000 deaths (11.3% of all deaths), which is a rise of 5,000 from the previous year. As a result, the increasing instances of neurological conditions are stimulating the growth of the interventional neuroradiology market.
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What is the projected compound annual growth rate (CAGR) of the interventional neuroradiology market from 2025 to 2034, and what factors influence it?
In recent years, the interventional neuroradiology market has experienced significant growth. The market, valued at $1.94 billion in 2024, is expected to increase to $2.06 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%. This historical growth can be traced back to factors such as the broad acceptance of catheter-based interventions, improvements in healthcare infrastructure, an increase in hypertension and diabetes cases, and the expansion of telemedicine services.
In the coming years, a significant expansion in the interventional neuroradiology market is anticipated, with its value projected to reach $2.61 billion in 2029, accounting for a compound annual growth rate (CAGR) of 6.0%. The growth throughout the projected period can be credited to factors such as the introduction of liquid embolic agents, the increasing adoption of endovascular treatment methods, more frequent use of mechanical throbectomy, a surge in the reliance on detachable embolic coils, and the escalated use of bioresorbable scaffolds. The forecast period will also be marked by notable trends, including improvements in navigation systems, innovations in radiolucent support devices, the integration of artificial intelligence in neuroimaging devices, refinement of thrombectomy devices, and the application of artificial intelligence in intervention devices.
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How are the latest trends influencing the growth of the interventional neuroradiology market?
Big players in the interventional neuroradiology market are shifting their attention towards the creation of pioneering solutions like head immobilizers aimed to improve both the quality of imaging and patient safety within interventional radiology and neuroradiology procedures. Head immobilizers are medical instruments predominantly used to stabilize the head and neck area of a patient considerably suspect of having a head or spinal injury temporarily. As an example, in June 2023, Adept Medical, a medical device production company located in New Zealand, rolled out a novel head immobilizer. This immobilizer was created to make interventional radiology and neuroradiology procedures more comfortable for patients while also improving imaging quality. Noteworthy features of this groundbreaking device include vacuum suction technology for sturdy head fixation, radiolucent design that mitigates possible X-ray imaging interruption, and its versatility with different imaging tables. Moreover, it's easy and quick to set up and can suit various head structures, promising patient comfort.
What are the major segments of the interventional neuroradiology market and their role in driving growth?
The interventional neuroradiology market covered in this report is segmented -
1) By Device Type: Microcatheters, Neurovascular Embolization And Coiling Assist Devices, Embolic Coils, Flow Diversion Devices, Liquid Embolic Agents, Accessories, Micro Guidewires
2) By Disease: Cerebral Aneurysms, Intra-Cranial Tumors, Acute Strokes, Other Diseases
3) By End Users: Hospitals, Ambulatory Surgical Centers, Diagnostic Centers
Subsegments:
1) By Microcatheters: Single-Lumen Microcatheters, Dual-Lumen Microcatheters, High-Flow Microcatheters
2) By Neurovascular Embolization And Coiling Assist Devices: Coiling Assist Devices, Embolization Assist Devices
3) By Embolic Coils: Soft Coils, Stiff Coils, Detachable Coils
4) By Flow Diversion Devices: Stent-Based Flow Diversion Devices, Non-Stent-Based Flow Diversion Devices
5) By Liquid Embolic Agents: Polymer-Based Liquid Embolic Agents, Gel-Based Liquid Embolic Agents, Onyx Liquid Embolic Agents
6) By Accessories: Guide Catheters, Sheath Introducers, Vascular Access Devices
7) By Micro Guidewires: Hydrophilic Micro Guidewires, Pushable Micro Guidewires, Coated Micro Guidewires
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Which regions are key players in the growth of the interventional neuroradiology market?
North America was the largest region in the interventional neuroradiology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the interventional neuroradiology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the interventional neuroradiology market?
Major companies operating in the interventional neuroradiology market are Bayer HealthCare, Abbott Laboratories, Medtronic PLC, Siemens Healthineers AG, Fujifilm Corporation, Philips Healthcare, Stryker Corporation, GE Healthcare Life Sciences, Boston Scientific Corporation, Terumo Corporation, Canon Medical Systems Corporation, W. L. Gore & Associates Inc., Teleflex Incorporated, Cook Medical LLC, Biotronik SE & Co. KG, Merit Medical Systems Inc., MicroPort Scientific Corporation, Penumbra Inc., Guerbet Group, Mediterra LLC, Acandis GmbH, Medico's Hirata Inc.
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What Is Covered In The Interventional Neuroradiology Global Market Report?
•Market Size Forecast: Examine the interventional neuroradiology market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the interventional neuroradiology market for a structured understanding.
•Key Players Overview: Analyze major players in the interventional neuroradiology market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the interventional neuroradiology market.
•Segment Contributions: Evaluate how different segments drive overall growth in the interventional neuroradiology market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the interventional neuroradiology market.
•Industry Challenges: Identify potential risks and obstacles affecting the interventional neuroradiology market.
•Competitive Landscape: Review strategic developments in the interventional neuroradiology market, including expansions, agreements, and new product launches.
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