Neurovascular Devices Market Size Report 2030 | DelveInsight

DelveInsight's Neurovascular Devices Market Insights Report 2030 provides the current and forecast market analysis, individual leading companies' market shares, challenges, Market Drivers, barriers, trends, and key market Neurovascular Devices Companies in the market.

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Key Takeaways from the Neurovascular Devices Market Report
• The global Neurovascular Devices market was valued at USD 2.84 billion in 2023, growing at a CAGR of 8.12% during the forecast period from 2024 to 2030, to reach USD 4.53 billion.
• North America is expected to hold the largest share of the Neurovascular Devices organization market in 2023, driven by several key factors.
• The leading Neurovascular Devices Companies such as Johnson & Johnson, Medtronic, Stryker, Terumo Corporation, Penumbra, Inc., Microport Scientific Corporation, Kaneka Corp., and others.

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Neurovascular Devices Market Dynamics
The rising burden of the patient population suffering from neurological disorders such as stroke, cerebral/brain aneurysm, and intracranial stenosis, among others across the globe, is expected to fuel the demand for neurovascular devices as these devices are used to treat various conditions and diseases of the central nervous system using minimally invasive neurosurgical techniques. As per research studies, the worldwide prevalence of cerebral aneurysms is approximately 3.2%, with a mean age of 50. Moreover, according to the statistics of the Brain Aneurysm Foundation 2020, there are almost 500,000 deaths worldwide each year caused by brain aneurysms, and half the victims are younger than 50. Thus, the rising prevalence of the target population is anticipated to raise the demand for neurovascular surgeries thereby increasing the demand for neurovascular devices during the forecasted period.

Neurovascular Devices Market Segment Analysis
Neurovascular Devices Market by Product Type (Cerebral Embolization and Aneurysm Coiling Devices [Embolic Coils, Flow Diversion Devices, and Liquid Embolic Agents], Cerebral Balloon Angioplasty and Stenting Systems [Carotid Artery Stents and Embolic Protection Systems], Neurothrombectomy Devices [Clot Retrievers, Suction Devices, and Vascular Snare], and Support Devices [Micro Catheters and Micro Guidewires]), Application (Stroke, Cerebral Aneurysm, Carotid Artery Stenosis, and Others), End-User (Hospitals, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

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Neurovascular Devices Companies
Johnson & Johnson, Medtronic, Stryker, Terumo Corporation, Penumbra, Inc., Microport Scientific Corporation, Kaneka Corp., and others.

Neurovascular Devices Market Drivers
The major drivers driving the demand for neurovascular devices are the growing prevalence of neurological disorders across the globe, technological advancement in the product portfolio, and an increase in R&D investments, among others.

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Scope of the Neurovascular Devices Market Report
• Coverage- Global
• Forecast Period- 2024-2030
• Neurovascular Devices Companies- Johnson & Johnson, Medtronic, Stryker, Terumo Corporation, Penumbra, Inc., Microport Scientific Corporation, Kaneka Corp., and others.

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