Press release
Neurovascular Devices Market is expected to reach USD 6.89 billion by 2034
Neurovascular Devices
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The market is expanding due to rising stroke prevalence, rapid adoption of minimally invasive endovascular procedures, and technological advancements such as AI-enabled navigation and real-time imaging.
Market Overview
• Market Size (2024): USD 3.25 billion
• Forecast (2034): USD 6.89 billion
• CAGR (2025-2034): 7.6%
Growth is driven by increasing incidence of cerebrovascular diseases, expanded healthcare infrastructure, and adoption of next-generation neurointerventional devices.
Key Highlights:
• Stroke is the second leading cause of death worldwide, affecting ~15 million people annually.
• Endovascular thrombectomy (EVT) has become the gold standard for large vessel occlusion stroke.
• Flow diverters and embolic coils dominate aneurysm treatment.
• AI and robotics integration improving neurovascular navigation.
Segmentation Analysis
By Product Type:
• Aneurysm Treatment Devices
o Embolic Coils
o Flow Diverters
o Liquid Embolic Agents
• Neurothrombectomy Devices
o Stent Retrievers
o Aspiration Catheters
• Embolic Protection Devices
• Support Devices
o Microcatheters
o Guidewires
o Balloon Catheters
By Technology:
• Minimally Invasive Endovascular Technologies
• AI-Assisted Imaging & Navigation Systems
• Robotics-Assisted Neurointervention
• Next-Gen Bioabsorbable Implants
By End Use:
• Hospitals & Specialized Stroke Centers
• Ambulatory Surgical Centers
• Research & Academic Institutes
By Application:
• Ischemic Stroke
• Hemorrhagic Stroke
• Cerebral Aneurysms
• Arteriovenous Malformations (AVMs)
• Others (carotid artery disease, venous sinus thrombosis)
Segmentation Summary:
Neurothrombectomy devices dominate stroke care, while embolic coils and flow diverters remain critical for aneurysm treatment. AI-driven imaging and robotics-assisted navigation are the fastest-growing segments.
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Regional Analysis
North America
• ~41% share in 2024.
• High stroke prevalence and advanced neurointerventional infrastructure.
• Strong FDA approvals for next-gen devices.
Europe
• ~29% share.
• Germany, UK, and France leading in minimally invasive stroke care.
• EMA approvals driving adoption of novel embolic devices.
Asia-Pacific
• Fastest-growing region with CAGR of ~8.5%.
• Rising stroke incidence in China and India.
• Expanding specialized stroke centers and healthcare infrastructure.
Middle East & Africa
• Increasing investments in stroke centers in GCC nations.
• Limited but growing adoption of advanced devices.
Latin America
• Brazil and Mexico leading neurovascular adoption.
• Expanding interventional radiology programs.
Regional Summary:
North America and Europe dominate, while Asia-Pacific grows fastest due to rising stroke burden and investment in specialized neurovascular care.
Market Dynamics
Key Growth Drivers:
• Rising global stroke incidence and aging population.
• Expanding adoption of minimally invasive endovascular procedures.
• Advancements in embolic coils, flow diverters, and stent retrievers.
• AI-powered imaging and robotic navigation enhancing precision.
Key Challenges:
• High cost of advanced neurovascular devices.
• Limited access in low-income and rural regions.
• Need for highly skilled neurointerventional specialists.
• Risk of complications such as hemorrhage or re-stenosis.
Latest Trends:
• Expansion of next-gen flow diverters and bioresorbable stents.
• AI integration for faster stroke triage and treatment planning.
• Robotics-assisted navigation improving surgical outcomes.
• Increasing adoption of mobile stroke units (MSUs) with imaging capabilities.
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Competitor Analysis
Major Players in the Market:
• Medtronic plc (Solitaire stent retriever, Pipeline flow diverter)
• Stryker Corporation (Trevo retriever, Neuroform Atlas stent)
• Penumbra, Inc. (Penumbra aspiration systems)
• Johnson & Johnson (Cerenovus - embolic coils, stents, aspiration devices)
• Terumo Corporation
• MicroVention Inc. (Terumo subsidiary - embolic coils, flow diverters)
• Kaneka Medix Corporation
• Balt Extrusion
• Phenox GmbH (Acandis GmbH portfolio)
• Rapid Medical (responsive neurovascular devices)
Competitive Summary:
Medtronic, Stryker, Penumbra, and Johnson & Johnson lead the neurovascular device space. Terumo and MicroVention dominate in embolic solutions. Rapid Medical and Balt focus on next-gen responsive stents and flow diverters. Competition is centered on innovation in minimally invasive solutions, AI integration, and expanding access in emerging markets.
Conclusion
The Neurovascular Devices Market, valued at USD 3.25 billion in 2024, is projected to reach USD 6.89 billion by 2034, growing at a CAGR of 7.6%. Rising stroke prevalence, growing adoption of endovascular therapies, and technological advancements will continue to propel the market forward.
Key Takeaways:
• Stent retrievers and aspiration catheters dominate ischemic stroke treatment.
• Embolic coils and flow diverters lead aneurysm care.
• North America and Europe dominate, while Asia-Pacific grows fastest.
• AI and robotics transforming precision in neurointerventions.
The next decade will shift neurovascular care from traditional surgical approaches to AI-powered, minimally invasive endovascular therapies, creating strong opportunities for medtech innovators and healthcare providers worldwide.
This report is also available in the following languages : Japanese (神経血管デバイス市場), Korean (신경혈관 장치 시장), Chinese (神经血管设备市场), French (Marché des dispositifs neurovasculaires), German (Markt für neurovaskuläre Geräte), and Italian (Mercato dei dispositivi neurovascolari), etc.
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