The interventional neurology devices report provides with the complete knowledge and information of rapidly changing market landscape, what is already there in the market, future trends or market expectations, the competitive environment, and competitor strategies that aids in planning your own strategies with which you can outshine the competitors. The precise and state-of-the-art information provided via this report helps businesses get aware about the types of interventional neurology devices consumers, consumer’s demands and preferences, their point of view about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the market.
The forecast, analysis, evaluations and estimations carried out in this interventional neurology devices report are all based upon the well established tools and techniques such as SWOT analysis and Porter’s Five Forces analysis. The market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa are kept at the centre while building this global interventional neurology devices market report. Thus, the wide-ranging market information of the interventional neurology devices report will surely grow business and improve return on investment (ROI).
Interventional neurology devices market is expected to reach USD 4.21 billion by 2026, from USD 2.19 billion in 2018 growing at a CAGR of 8.5% during the forecast period of 2019 to 2026.
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According to World Health Organization, there were over hundreds of million people are affecting from the neurological disorders, more than 50 million have epilepsy and over 47 million have dementia. Half of these can be cured with the availability of proper medical equipment and devices for healthcare procedures. This significant number is expected to act as a driver to the market growth. Few of the major competitors currently working in the interventional neurology devices market are
- Abbott (US)
- Johnson & Johnson Services, Inc. (US)
- Boston Scientific Corporation (US)
- Stryker (US)
- Medtronic (Ireland)
- Terumo Corporation (Japan)
- Penumbra, Inc. (US)
- MicroPort Scientific Corporation (China)
- Merit Medical Systems (US)
Other Players are W.L. Gore & Associates, Inc. (US), B. Braun Melsungen AG (Germany), Cook (US), UreSil, LLC (US), Medikit co., ltd. (Japan), Bayer AG (Germany), Acandis GmbH (Germany), Biosensors International Group, Ltd. (Singapore), Integra LifeSciences (US), and others.
Neurology is that medical branch which deals with the whole brain and nervous (sensory system). Interventional neurology devices specializes in non-surgical activities that utilizes non-invasive and picture guided procedures for the treatment of most dangerous diseases of neck, cerebrum, and spine commonly known as neurosurgery. It usually deals with the treatment of central nervous and peripheral system along with various diseases.
- Rising frequency for hemorrhagic and ischemic stroke will drive the growth of market.
- Growth due to obesity and aged population.
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- Lack of talented neurologists will hamper the growth of the market.
- Stringent administrative approaches will act as a market restraint.
Segmentation: Global Interventional Neurology Devices Market
- By Product Type
- Aneurysm coiling and embolization devices
- Embolic coils
- Flow diversion devices
- Liquid embolic devices
- Angioplasty devices
- Carotid artery stents
- Embolic protection systems
- Micro support devices
- Neurothrombectomy devices
- CLOT retrieval devices
- Suction and aspiration devices
- By Procedures
- By End-User
- Neurology clinics
- Ambulatory care centers
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
Key Developments in the Market:
- In January 2018, Medtronic plc received U.S. Food and Drug Administration (FDA) clearance of the Riptide(TM) Aspiration System, an innovative treatment of the Acute Ischemic Stroke (AIS), which will attract the patients.
- In 25thJuly 2017, Johnson & Johnson Medical Devices Companies expanded their business by introducing CERENOVUS, its new neurovascular business which will help in growth of the market.
Competitive Analysis: Global Interventional Neurology Devices Market
Global interventional neurology devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of interventional neurology devices market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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