Global Neurovascular Device Market - Expected to Grow at a CAGR of 9% During 2016-2023 - Research and Markets

DUBLIN--()--The "Global Neurovascular Devices Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to Research and Markets' offering.

The global neurovascular device market is expected to grow at a CAGR of 9% during the forecast period 2016-2023. These neurovascular devices offers several advantages such as flexible to use due to its capability of shape transformation, controlled porosity and is made up of low profile fabrics with thickness of 40-50 m. Neurovascular devices are being extensively used by the neurosurgeons for the treatment of neurovascular diseases in hospitals, clinics and ambulatory surgical units.

North America is the largest market region for global neurovascular devices market and had accounted for the highest market revenue share in 2016. The key factor driving the market growth in North America is the increased adoption of neurovascular devices by the neurosurgeons for the treatment of neurovascular disease, growing number of clinical trials and notable medical remuneration available in the United States for neurosurgical treatment procedures.

Moreover, in 2015, North America accounted for 72% market revenue share. Another factor favoring the market growth in North America is the rising healthcare expenditure, favorable medical remuneration policies, technological advancements in neurosurgeries and development of healthcare infrastructure. However, Asia Pacific is anticipated to emerge as the fastest growing market region with the highest CAGR of 6% through 2023. This is due to the increasing prevalence of brain aneurysm in the Asia Pacific region.

Companies Mentioned

  • Abbott Laboratories (U.S.)
  • Blockade Medical Llc (U.S.)
  • Boston Scientific Corporation. (U.S.)
  • Depuy Synthes (U.S.)
  • Integer (U.S.)
  • Johnson & Johnson (U.S.)
  • Medtronic Plc (U.S.)
  • Merit Medical Systems, Inc. (U.S.)
  • Microport Scientific Corporation. (China)
  • Penumbra, Inc. (U.S.)
  • Phenox (Germany)
  • Secant Medical (U.S.)
  • Stryker Corporation (U.S.)
  • Terumo Corporation (Japan)
  • W.L. Gore & Associates, Inc. (U.S.)

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographical Analysis

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/934q34/global

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Neurology Devices

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Neurology Devices