Neurovascular Devices/Interventional Neurology Market

Neurovascular Devices/Interventional Neurology Market is anticipated to grow at 9.1% CAGR during the forecast period and projected to reach at USD 4,240 Million by 2026.

Neurovascular devices are those devices that helps in treating several neurovascular disorders, which includes cerebral aneurysms and intracranial atherosclerotic disease. These devices are based on multiple mechanisms of actions and such devices includes embolic coils, flow diversion devices, catheters, liquid embolic agents, arterial stents and others.

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Major Neurovascular Devices/Interventional Neurology Market Drivers

The factors responsible for driving the global neurovascular devices/interventional neurology includes the increasing population of patients with neurovascular disorders, increase in the requirement for minimal invasive neurosurgical process as such devices helps in reducing discomfort and loss of blood while performing the surgery. Rising research and development activities and technological advancements in the therapies for neurological disorders is further leading to increase in the demand for neurovascular devices/interventional neurology during the forecast period. In addition, increase in the healthcare infrastructure and the additional features of interventional surgery over neurosurgery such as reduced chances of infection, reduced tissues damage surrounding the surgical area along with less presence of scar post-surgery are leading to growing need for such devices in the market. The factors which are responsible for hindering the growth of global neurovascular devices/interventional neurology are the lack of skilled neurologists and the stringent regulations across various regions.

On the basis of geography, North America is expected to held the largest share in the market owing to high adoption rate of neurovascular devices and also due to the presence of major key manufacturers in this region. Asia-Pacific is expected to grow at a high compound annual growth rate during the forecast period as a result of increasing awareness for the added advantages of neurovascular devices among the neurologists.

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Top Market Players

Various notable players operating in the global neurovascular devices/interventional neurology market including Stryker Corporation, Medtronic PLC, Johnson & Johnson, Terumo Corporation, Penumbra Inc., Boston Scientific Corporation, Microport Scientific Corporation, Merit Medical Systems Inc., Abbott Laboratories, W.L. Gore & Associates Inc. among others.

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Segments covered in the Report:

The global neurovascular devices/interventional neurology market has been segmented on the basis of product, disease pathology, end user and key geographies. Based on product, the market is segmented into Aneurysm Coiling & Embolization Devices, Cerebral Balloon Angioplasty and Stenting Systems, Support Devices and Neurothrombectomy Devices. Based on disease pathology, the market is segmented into Ischemic Strokes, Cerebral Aneurysms, Arteriovenous Malformation and Fistulas and Other Disease Pathologies. Based on end user, the market is segmented into Hospitals, Clinics and Ambulatory Surgical Centers.

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Key questions answered in this research report:

• •  At what pace is global neurovascular devices/interventional neurology market growing? What will be the growth trend in the future?
  •  What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
  •  What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global neurovascular devices/interventional neurology market?
  •  What are the various application areas and how they are poised to grow?

Market Segmentation

By Product

• Aneurysm Coiling & Embolization Devices
• Cerebral Balloon Angioplasty and Stenting Systems
• Support Devices
• Neurothrombectomy Devices

By Disease Pathology

• Ischemic Strokes
• Cerebral Aneurysms
• Arteriovenous Malformation and Fistulas
• Other Disease Pathologies

By End User

• Hospitals
• Clinics
• Ambulatory Surgical Centers

By Geography

• North America
As a part of the customization

o By Product
o By Disease Pathology
o By End User
o US
o Canada
o Mexico

• Europe
As a part of the customization

o By Product
o By Disease Pathology
o By End User
o UK
o Germany
o Spain
o Rest of Europe

• Asia-Pacific
As a part of the customization

o By Product
o By Disease Pathology
o By End User
o China
o Australia
o India
o Rest of APAC

• ROW
As a part of the customization

o By Product
o By Disease Pathology
o By End User
o Brazil
o South Africa
o GCC countries
o Rest of world (remaining countries of the LAMEA region)

Leading market players

• Stryker Corporation
• Medtronic PLC
• Johnson & Johnson
• Terumo Corporation
• Penumbra Inc.
• Boston Scientific Corporation
• Microport Scientific Corporation
• Merit Medical Systems Inc.
• Abbott Laboratories
• W.L. Gore & Associates Inc.