DUBLIN--(BUSINESS WIRE)--The "Neurovascular Devices Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029" report has been added to ResearchAndMarkets.com's offering.
The global neurovascular devices market is growing expressively, was valued at US$ 2203.9 Mn in 2020 and expected to reach US$ 3853.1 Mn by 2029.
Increasing demand for minimally invasive procedures, growing commonness of neurovascular disorders and stroke, rapid new product development and commercialization drive the overall neurovascular devices market growth. Technological evolution in stenting technique, coiling procedure technique, cerebral angiography technique, and flow disruption technique would also drive the overall market.
Cerebral balloon angioplasty & stenting technology segment is expected to register higher growth by the end of 2029
The global sale of neurovascular devices is expanding significantly, mainly in the Asia Pacific, MEA and Europe. Availability of a wide range of neurovascular devices, mainly in the aneurysm coiling and embolization devices segment enable professionals to meet the active demand. Other major factors driving the growth include product expansion for carotid stents and balloon catheters among neurologists, increasing admissions of patients suffering from atherosclerosis or ischemic strokes, development in the nature and number of multispecialty hospitals and neurosurgical centers along with enhanced reimbursement structure across developing nations.
Stroke in the indication segment generated maximum revenue share in 2020
According to the statistics presented by the Centers for Disease Control and Prevention (CDC), more than 795,000 individuals in the United States experience stroke every year. Thus, high prevalence of movement disabilities due to stroke and its treatment with the help of embolization coils and stents in rehabilitation centers and hospitals will drive the market. Cerebral aneurysm is expected to be the fastest-growing indication globally during the forecast period. Around 2% to 4% of the worldwide population suffers from cerebral aneurysm, and are mostly treated with stents and embolization coils.
Increasing ageing population in the developed nations will drive the market growth during the forecast period
Increasing elderly population and the corresponding prevalence of cerebrovascular disorders will drive the overall growth in the end user segment. As per the Internet Stroke Center statistics, around 75% of strokes take place in the age group of 60-65. The ever-changing dynamics in critical care, demand for advanced treatment techniques along with increasing neurovascular cases among the elderly population is generating a significant revenue share. For example, with the introduction of new flow diversion stent technique, the need to treat complex aneurysms with bypasses has fallen down. However, lack of skilled neurologists in hospitals is limiting the growth of neurovascular devices market.
Companies Mentioned
- Penumbra Inc.
- Phenox GmbH
- Stryker Corporation
- Abbott Laboratories
- Terumo Corporation
- Merit Medical Systems Inc.
- W. L. Gore & Associates Inc.
- Johnson & Johnson
- MicroPort Scientific Corporation
- Delaware Corporation
- Rapid Medical
- Medtronic plc
Key questions answered in this report
- What are the current market trends and dynamics in the neurovascular devices market and valuable opportunities for emerging players?
- Which segment accounts for the fastest CAGR during the forecast period?
- What is the impact of high cost of neurovascular devices on the global market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?
Key Topics Covered:
Chapter 1. Preface
Chapter 2. Executive Summary
2.1. Global ND Market Portraiture
2.2. Global ND Market, by Type, 2020 (US$ Mn)
2.3. Global ND Market, by Indication, 2020 (US$ Mn)
2.4. Global ND Market, by End User, 2020 (US$ Mn)
2.5. Global ND Market, by Geography, 2020 (US$ Mn)
Chapter 3. Global Neurovascular Devices (ND) Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Neurovascular Device Technologies: Market Trends
3.3. Current Scenario: Mergers & New Product Launches
3.4. Drivers
3.5. Challenges
3.6. Opportunities
3.7. Attractive Investment Proposition, by Geography, 2020
3.8. Competitive Landscape, by Key Players, 2020
Chapter 4. Global Neurovascular Devices (ND) Market, by Type, 2019 - 2029 (US$ Mn)
4.1. Overview
4.2. Aneurysm Coiling & Embolization Devices (Embolic Coils, Flow Diversion Devices)
4.3. Cerebral Balloon Angioplasty & Stenting Systems (Stents, Protecting Systems)
4.4. Neurothrombectomy Devices (Aspiration Devices, Snares, Clot Retrievers)
4.5. Support Devices (Catheters, Guidewires)
Chapter 5. Global Neurovascular Devices (ND) Market, by Indication, 2019 - 2029 (US$ Mn)
5.1. Overview
5.2. Stroke
5.3. Cerebral Artery Stenosis
5.4. Cerebral Aneurysm
5.5. Others (Atherosclerosis, Arteriovenous Malformation (AVM))
Chapter 6. Global Neurovascular Devices (ND) Market, by End User, 2019 - 2029 (US$ Mn)
6.1. Overview
6.2. Hospitals
6.3. Clinics
6.4. Ambulatory Surgical Centers
Chapter 7. Global Neurovascular Devices (ND) Market, by Geography, 2019 - 2029 (US$ Mn)
7.1. Overview
7.2. North America ND Market Analysis, 2019 - 2029
7.3. Europe ND Market Analysis, 2019 - 2029
7.4. Asia Pacific ND Market Analysis, 2019 - 2029
7.5. Latin America ND Market Analysis, 2019 - 2029
7.6. Middle East & Africa (MEA) ND Market Analysis, 2019 - 2029
Chapter 8. Company Profiles
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