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2025-2034 Interventional Neurology Devices And Equipment Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Interventional Neurology Devices And Equipment Market Through 2025?
The market size for interventional neurology devices and equipment has seen substantial growth in the past few years. It is projected to increase from $2.33 billion in 2024 to $2.54 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. Factors such as the prevalence of cardiovascular diseases, an aging demographic, patient preference for less intrusive procedures, and advancements in clinical guidelines and research have contributed to growth in the preceding terms.
What's the Projected Size of the Global Interventional Neurology Devices And Equipment Market by 2029?
The market size for devices and equipment used in interventional neurology is predicted to significantly increase in the coming years. It is projected to reach a value of $3.61 billion by 2029, with a compound annual growth rate (CAGR) of 9.2%. This anticipated growth over the forecast period is thanks to factors such as personalised medicine, the integration of telehealth, worldwide access to healthcare, and the use of robotic-assisted interventions. Noteworthy trends expected during this period include the use of advanced imaging technologies, the application of artificial intelligence (AI) in interventional cardiology, treatment of complex lesions, and the introduction of next-generation drug-eluting stents (DES).
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Top Growth Drivers in the Interventional Neurology Devices And Equipment Industry: What's Accelerating the Market?
A rise in the frequency of neural disorders is predicted to fuel the expansion of the Interventional neurology devices market. Neurological conditions, such as Alzheimer's disease, cerebrovascular ailments like stroke, migraine, and other headache-related disorders, are becoming increasingly common. A swift growth in the aged population, elevated stress levels in younger people, and traumatic brain injuries from accidents are primary contributors to these neurological conditions. For example, the Brain Aneurysm Foundation, a US-based body promoting brain aneurysm information and enlightenment, suggests that around 6 million people in the United States are living with unruptured brain aneurysms. Furthermore, the World Health Organization, another health body in the U.S, informs us that epilepsy impacts over 50 million people globally, while more than 47 million suffer from dementia. Hence, a rise in the occurrence of neural disorders is set to trigger the acceleration of the Interventional neurology devices market.
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What Trends Will Shape the Interventional Neurology Devices And Equipment Market Through 2029 and Beyond?
The most recent innovation from Stryker Inc., the Neuroform Atlas Stent System, is anticipated to deliver noteworthy outcomes in the treatment of brain aneurysms using embolic coils. This kind of technological advancement is set to propel the future growth of the interventional neurological device market. The Atlas stent system is exceptional in its support during coiling procedures, offering essential coil backing and wall apposition for a successful stent-assisted coiling process. The Neuroform Atlas's improved stent conformability, minimal-profile delivery mechanism, and precision deployment, even in distal anatomy, positions it as the neurosurgeons' preferred choice, thus stimulating market growth.
What Are the Main Segments in the Interventional Neurology Devices And Equipment Market?
The interventional neurology devices and equipment market covered in this report is segmented -
1) By Type: Aneurysm Coiling And Embolization Devices, Cerebrospinal Fluid Management Devices, Neurothrombectomy Devices, Support Devices
2) Aneurysm Coiling And Embolization Devices By Type: Embolic coils, Flow diversion devices, Liquid embolic devices
3) Angioplasty Devices by Type: Carotid artery stents, Embolic protection systems
4) Support Devices By Type, Micro guide wires, Micro catheters
5) Neurothrombectomy Devices By Type: CLOT retrieval devices, Suction and aspiration devices, Snare
6) By End-User: Hospitals, Neurology clinics, Ambulatory care centers and others
Subsegments:
1) By Aneurysm Coiling And Embolization Devices: Flow Diverters, Embolic Coils, Liquid Embolics
2) By Cerebrospinal Fluid (CSF) Management Devices: CSF Shunts, CSF Drainage Systems
3) By Neurothrombectomy Devices: Clot Retrievers, Aspiration Devices, Snares
4) By Support Devices: Microcatheters, Guidewires
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Which Top Companies are Driving Growth in the Interventional Neurology Devices And Equipment Market?
Major companies operating in the interventional neurology devices and equipment market include Medtronic plc, Stryker Corporation, Terumo Corporation, Penumbra Inc., COVIDien, Abbott Laboratories, Merit Medical Systems Inc., W. L. Gore & Associates, Bayer AG, MicroPort Scientific Corporation, Boston Scientific Corporation, Johnson & Johnson, Medikit Co. Ltd., Acandis GmbH, Biosensors International Ltd., Integra LifeSciences Holdings Corporation, Magstim C-Ltd., UreSil LLC, Cook Group Incorporated, Siemens Healthineers, B. Braun Melsungen AG, Integer Holdings Corporation, Nihon Kohden Corporation, LivaNova, Teleflex Incorporated, Balt Extrusion SAS, Rapid Medical Ltd., phenox GmbH, Spiegelberg GmbH & Co. KG
Which Regions Will Dominate the Interventional Neurology Devices And Equipment Market Through 2029?
North America was the largest region in the global interventional neurology devices and equipment market in 2023. Asia-Pacific was the second-largest region in the interventional neurology devices and equipment market. The regions covered in the interventional neurology devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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