Press release
Neurovascular Devices or Interventional Neurology Market Overview Featuring Trends, Competitive Landscape, and Strategic Collaborations up to 2031
Neurovascular Devices or Interventional Neurology Market
According to the latest research by InsightAce Analytic, the global Neurovascular Devices or Interventional Neurology market will be valued at 3.06 Billion in 2023. It is expected to reach 6.37 Billion by the year 2031, with a CAGR of 9.86% during a forecast period of 2024-2031.
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Neurovascular devices, also known as interventional neurology devices, encompass a range of medical instruments such as coils, stents, and clot retrieval systems, which are used in the treatment of neurovascular disorders including cerebral aneurysms and neurovascular thrombectomy. These devices are designed to address abnormalities in the cerebral vasculature, facilitating the removal of blood clots from brain arteries and veins through mechanical thrombectomy, suction, or aspiration techniques. They play a critical role in restoring blood flow and preventing strokes by treating conditions affecting the blood vessels responsible for delivering oxygen-rich blood to the brain.
The global market for neurovascular devices is experiencing steady growth, driven by several key factors. These include the increasing demand for minimally invasive neurosurgical interventions, a growing volume of neurovascular surgical procedures, supportive reimbursement policies for neurovascular treatments, and rising government investments in healthcare infrastructure. The prevalence of conditions such as stroke, cerebral aneurysms, epilepsy, arteriovenous malformations (AVMs), and carotid artery stenosis is also contributing significantly to market expansion.
However, certain challenges may impede market growth in the near term. These include limited patient awareness regarding neurovascular disorders and available treatment options, along with the high costs associated with neurovascular devices and related surgical procedures. Addressing these barriers through enhanced education and cost-effective innovations will be crucial for sustaining long-term market development.
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North America is anticipated to be a major contributor to the Neurovascular Devices or Interventional Neurology market. This may be related to improved healthcare infrastructure, an increased prevalence of neurological disorders and chronic illnesses, and improved healthcare infrastructure. In addition, the Asia Pacific Neurovascular Devices or Interventional Neurology market is expected to register significant growth. The market for neurovascular devices or interventional neurology is expected to expand due to the rising number of patients with chronic neurological illnesses and the introduction and approval of embolization devices in numerous nations.
Major market players operating in the Neurovascular Devices or Interventional Neurology market include
Johnson & Johnson (US), Medtronic PLC (Ireland), Stryker Corporation (US), Terumo Corporation (Japan), Penumbra, Inc. (US), Microport Scientific Corporation (China), Kaneka Corp. (Japan), Integer Holdings Corporation (US), Balt (France), Perflow Medical (Israel), Phenox GmbH (Germany), Sensome (France), Evasc (Canada), Rapid Medical (Israel), Asahi Intecc Co. Ltd (Japan), Acandis GmbH (Germany), Medikit Co. Ltd (Japan), Imperative Care (US), Lepu Medical (China), Cerus Endovascular (US), MicroVention, Inc. (US), Mizuho Medical (Japan), Peter Lazic GmBH (Germany), Spartan Micro (US), Emboflu (Switzerland), Straub Medical AG (Switzerland), AngioDynamics (US), Microbot Medical Inc. (US) and others.
Recent collaborations and agreements in the market:
• In April 2022, Connemara Biomedical Holdings Teoranta, which includes its operating businesses Aran Biomedical and Proxy Biomedical, was acquired, according to an announcement from Integer Holdings Corporation. Integer's ability to provide comprehensive solutions for challenging delivery and treatment devices in fast-growing cardiovascular fields like structural heart, neurovascular, peripheral vascular, and endovascular, as well as general surgery, is now even stronger thanks to its relationship with Aran.
• In December 2021, the leading global provider of medical technology, Stryker, and Microbot Medical Inc. (US) worked together. To create the first dedicated robotic procedure kits for particular neurovascular operations, Microbot Medical will work with Stryker's Neurovascular Division to integrate its neurovascular tools with Microbot's LIBERTY Robotic System.
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Market Segments
Global Neurovascular Devices or Interventional Neurology Market, by Products, 2022-2030 (Value US$ Mn)
• Aneurysm Coiling & Embolization Devices
o Embolic Coils
o Bare Detachable Coils
o Coated Detachable Coils
o Flow Diversion Devices
o Liquid Embolic Agents
• Cerebral Balloon Angioplasty & Stenting Systems
o Carotid Artery Stents
o Embolic Protection Devices
o Balloon Catheters
• Support Devices
o Microcatheters
o Guidewires
• Neurothrombectomy devices
o Clot Retrievals
o Suction & Aspiration Devices
o Snares
Global Neurovascular Devices or Interventional Neurology Market, by End-Users, 2022-2030 (Value US$ Mn)
• Hospitals & Surgical Centers
• Ambulatory Care Centers
• Research Laboratories & Academic Institutes
Global Neurovascular Devices or Interventional Neurology Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Neurovascular Devices or Interventional Neurology Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Neurovascular Devices or Interventional Neurology Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Neurovascular Devices or Interventional Neurology Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Neurovascular Devices or Interventional Neurology Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Neurovascular Devices or Interventional Neurology Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Neurovascular Devices or Interventional Neurology market
To receive an industry overview and future trends of the Neurovascular Devices or Interventional Neurology market
To analyze the Neurovascular Devices or Interventional Neurology market drivers and challenges
To get information on the Neurovascular Devices or Interventional Neurology market value (US$ Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Neurovascular Devices or Interventional Neurology market industry
Read Overview Report- https://www.insightaceanalytic.com/report/global-neurovascular-devices-or-interventional-neurology-market/1345
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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InsightAce Analytic Pvt. Ltd.
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