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Interventional Neuroradiology Market Anticipated To Witness Robust Growth, Surpassing 2.61 Billion By 2029
Our market reports now include the latest updates on global tariffs, trade impacts, and evolving supply chain dynamics.What Is the Current Interventional Neuroradiology Market Size and Its Estimated Growth Rate?
In recent times, the interventional neuroradiology market has seen considerable growth. The market, which will rise from $1.94 billion in 2024 to $2.06 billion in 2025, has a compound annual growth rate (CAGR) of 6.3%. The noticeable growth in the historic period is a result of the increased acceptance of catheter-based interventions, improved healthcare infrastructure, escalating incidence of hypertension and diabetes, and the widening reach of telemedicine.
In the coming years, the interventional neuroradiology market is projected to witness robust growth, reaching $2.61 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 6.0%. Factors contributing to this growth during the predicted period include the inception of liquid embolic agent, increasing adoption of endovascular treatment methods, escalating use of mechanical throbectomy, a growing dependence on detachable embolic coils, and an uptick in the application of bioresobable scaffolds. Upcoming trends during this forecast period encompass improvements in navigation systems, breakthroughs in radiolucent support devices, the incorporation of artificial intelligence into neuroimaging devices, the refinement of thrombectomy devices, and the inclusion of artificial intelligence in intervention devices.
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How Are Emerging Segments Shaping the Interventional Neuroradiology Market Landscape?
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 Growth Factors Are Influencing Interventional Neuroradiology Market Expansion?
The interventional neuroradiology market is anticipated to grow due to the increasing instances of neurological disorders. These disorders affect the brain, spinal cord, or peripheral nerves and can undermine movement, sensation, cognition, or communication. The escalation is due to the aging global population which brings about age-related conditions like Alzheimer's, as well as enhanced diagnostic technologies enabling timely and precise detection of these conditions. Interventional neuroradiology employs minimally invasive, image-based techniques to diagnose such diseases, including aneurysms, strokes, and arteriovenous malformations. Alzheimer's Research UK, a dementia research charity, reported that in May 2023, dementia was the main cause of death in the UK in 2022, contributing to over 74,000 deaths (11.3% of total deaths), an increase of 5,000 from 2021. Thus, the escalating prevalence of neurological disorders is fuelling the expansion of the interventional neuroradiology market.
Who Are the Dominant Players Across Different Interventional Neuroradiology Market Segments?
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.
What Are the Latest Developing Trends in the Acne Treatment Devices Market?
Leading corporations within the interventional neuroradiology market are directing their attention on creating cutting-edge solutions, such as head immobilizers, meant to improve imaging quality and safeguard patient safety during interventional radiology and neuroradiology procedures. A head immobilizer is a medical apparatus engineered to temporarily make a patient's head and neck motionless, predominantly to guarantee safety and steadiness in cases of probable head or spinal trauma. For example, Adept Medical, a medical devices manufacturer based in New Zealand, introduced a novel head immobilizer in June 2023. This head immobilizer is designed to boost patient comfort and imaging quality during interventional radiology and neuroradiology procedures. The innovative device is facilitated by vacuum suction functionality for solid head fixation, a radiolucent formation that lessens commotion with X-ray imaging, and harmonization with various imaging tables. It expedites workflows due to its quick setup process and ensures patient comfort by accommodating different head shapes.
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Which Geographic Regions Are Expected to Dominate the Interventional Neuroradiology Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Interventional Neuroradiology Market?
2. What is the CAGR expected in the Interventional Neuroradiology Market?
3. What Are the Key Innovations Transforming the Interventional Neuroradiology Industry?
4. Which Region Is Leading the Interventional Neuroradiology Market?
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