Factors such as growing geriatric population, favorable reimbursement policies, and ongoing product development & commercialization favor the growth of the global neurovascular devices market. Additionally, increasing prevalence of neurovascular diseases like brain aneurysm, arteriovenous malformations (AVMs), and others followed by rising demands for minimally invasive therapeutic procedures fuels the market growth. However, high procedural cost, increase in the number of reported cases of injury, and need for physician training is estimated to restrain the market growth during the forecast period. The Global Neurovascular Devices Market is expected to grow at a CAGR of 8.8% during forecast period.
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- Johnson & Johnson Services
- Terumo Corporation
- Merit Medical Systems, etc.
Global Neurovascular Devices Market – Segmentations
The global neurovascular devices market is segmented on the basis of product, therapeutic application, and end-user.
On the basis of the product, the market is segmented into aneurysm coiling & embolization devices, neurothrombectomy devices, support device, cerebral balloon angioplasty, and stenting systems. The aneurysm coiling & embolization devices segment is sub-segmented into embolic coils, flow diversion devices, and liquid embolic. The neurothrombectomy devices segment is sub-segmented into retrieval systems, and suction and aspiration devices. The support device segment is sub-segmented into microcatheters and microguidewires. The cerebral balloon angioplasty and stenting systems segment is sub-segmented into carotid artery stents and embolic protection systems. On the basis of the therapeutic application, the market is categorized into hemorrhagic stroke and ischemic strokes. On the basis of the end-users, the market is segmented into hospitals & clinics and ambulatory surgical units.
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The Americas dominate the global neurovascular devices market. Increasing prevalence of neurovascular diseases like brain aneurysm, arteriovenous malformations (AVMs), besides others followed by growing geriatric population and rising healthcare expenditure are the major drivers of market growth within the region. Europe holds the second largest neurovascular devices market. Presence of a well-developed healthcare sector, increasing prevalence of the neurovascular diseases are the major drivers for market growth within the region. Asia Pacific is the fastest growing region for the market due to the presence of a huge patient population, continuously developing economies, and increasing demands for minimally invasive surgeries by the growing geriatric population. On the other hand, the Middle East & Africa has the least share in the global neurovascular devices market. Presence of poor economies especially in the Africa region restrains the market growth of the Middle East & Africa. The Middle East holds a major market in the region owing to a well-developed healthcare sector and huge healthcare expenditure by the developed economies.
Major TOC of Neurovascular Devices Market Research Report – Global Forecast till 2023:
1 Report Prologue
2 Research Methodology
3 Market Dynamics
4 Market Factor Analysis
5 Global Neurovascular Devices Market, By Product
6 Global Neurovascular Devices Market, By Therapeutic Application
7 Global Neurovascular Devices Market, By End User
8 Global Neurovascular Devices Market, By Region
9 Company Landscape
10 Company Profiles
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