Press release
Neuroendovascular Coil Market Anticipated To Witness Robust Growth, Surpassing $1.87 Billion By 2029
Neuroendovascular Coil Market
What Is the Current Neuroendovascular Coil Market Size and Its Estimated Growth Rate?
In the last few years, the neuroendovascular coil market has shown robust growth. Its development is projected to increase from $1.29 billion in 2024 to $1.4 billion in 2025, evidencing a compound annual growth rate (CAGR) of 9.2%. Factors contributing to this growth during the historic period include a rising prevalence of neurovascular diseases, an aging population, advances in diagnostic technologies, enlargement of neurointerventional facilities, initiatives about awareness and education, as well as regulatory approvals and standards.
In the upcoming years, the neuroendovascular coil market is set to witness robust growth. The market is forecasted to reach a value of $1.87 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.4%. Factors contributing to this growth during the prediction period include a steady increase in neurovascular cases, intensifying the reach of neurointerventional services, emphasis on early intervention, the global escalation of healthcare infrastructure, patient-oriented care trends, and global cooperation in research. Emerging trends impacting the market include innovations in detachable neuroendovascular coils, growing use of liquid embolics, advancement of bioactive and bioabsorbable coils, implementation of dual-layer coil technologies, and concentration on flow diverters for aneurysm treatment.
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How Are Emerging Segments Shaping the Neuroendovascular Coil Market Landscape?
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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Which Growth Factors Are Influencing Neuroendovascular Coil Market Expansion?
The expansion of the neuroendovascular coil market is anticipated to be fueled in the future by an increase in neurovascular diseases. These ailments, which impact the blood vessels that feed the nervous system, often produce neurological symptoms and lead to complications. One method for treating these diseases involves the use of neuroendovascular coils placed into the blood vessels to restrict or stabilize abnormal blood vessel formations, mitigating the likelihood of bleeds or other complications. The National Board of Health and Welfare in Sweden, for instance, reported in November 2023 that in the preceding year, there were roughly 26,800 stroke cases affecting an estimated 25,100 individuals. Twelve percent of stroke patients died the same day, 23% within four weeks, and 34% within a year, highlighting the growing prevalence of neurovascular diseases. The upswing in such conditions is therefore spurring the growth of the neuroendovascular coil market. Neuroendovascular Coil Market Driver: Healthcare Expenditure Rise Fuels Growth in Neuroendovascular Coil Market
Who Are the Dominant Players Across Different Neuroendovascular Coil Market Segments?
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.
What Are the Latest Developing Trends in the Neuroendovascular Coil Market?
Leading businesses in the neuroendovascular coil market are striving to create distinctive and malleable coils in order to establish a competitive advantage. Soft, uniquely shaped coils, such as tetrahedron ones, augment the efficacy of aneurysm treatment in neuroendovascular procedures by adhering to vessel structures, minimizing risks, and improving patient results, particularly in challenging cases. For example, in December 2022, the US-based medical technology manufacturer, Stryker Corporation, who produces neuroendovascular coils, introduced the Target Tetra Detachable Coil. This tool features a novel tetrahedron shape and a level of flexibility specifically tailored to tackle small aneurysms. It possesses a two-in-one quality with its unique tetrahedron form enabling stability in wide-necked aneurysms, coupled with a flexible helical tail. This form is both robustly memorable and flexible simultaneously, making it a superior option for treating small aneurysms.
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Which Geographic Regions Are Expected to Dominate the Neuroendovascular Coil Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Neuroendovascular Coil Market?
2. What is the CAGR expected in the Neuroendovascular Coil Market?
3. What Are the Key Innovations Transforming the Neuroendovascular Coil Industry?
4. Which Region Is Leading the Neuroendovascular Coil Market?
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