Global Neurovascular Devices Market Is Expected To Reach Around USD 2.89 Billion By 2025

03-Apr-2019 | Zion Market Research

Zion Market Research has published a new report titled “Neurovascular Devices Market by Type (Cerebral Embolization and Aneurysm Coiling Devices, Cerebral Angioplasty and Stenting Systems, Neurothrombectomy Devices, and Support Devices), by Therapeutic Application (Stroke, Cerebral Artery Stenosis, Cerebral Aneurysm, and Others), and by End-User (Hospitals, Clinics and Ambulatory Surgical Centers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global neurovascular devices market was valued at USD 2 billion in 2018 and is expected to generate around USD 2.89 billion by 2025, at a CAGR of around 5.4% between 2019 and 2025.

Neurovascular devices are used to treat neurovascular diseases or disorders. Neurovascular diseases are caused when the blood vessels in the brain or spinal cord function abnormally. The abnormality of the blood vessels may lead to stroke, aneurysm, and stenosis, among other neurovascular diseases. The growing prevalence of neurovascular diseases like stroke is mainly fueling the neurovascular devices market globally. The increase in government reimbursement policies for the treatment of neurovascular disease, rise in product development and product launches by companies due to rising competition, and rapid innovation in neurovascular devices are other major factors supporting the global neurovascular devices market.

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Browse the full “Neurovascular Devices Market by Type (Cerebral Embolization and Aneurysm Coiling Devices, Cerebral Angioplasty and Stenting Systems, Neurothrombectomy Devices, and Support Devices), by Therapeutic Application (Stroke, Cerebral Artery Stenosis, Cerebral Aneurysm, and Others), and by End-User (Hospitals, Clinics and Ambulatory Surgical Centers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/neurovascular-devices-interventional-neurology-market

Global Neurovascular Devices Market

The global neurovascular devices market is divided into type, application, and end-user. By type, the market for neurovascular devices is segmented into cerebral angioplasty and stenting systems, neurothrombectomy devices, cerebral embolization, and aneurysm coiling devices, and support devices. The cerebral embolization and aneurysm coiling devices segment further include flow diversion devices, liquid embolic agents, and embolic cells. The cerebral angioplasty and stenting systems segment are further divided into embolic protection systems and carotid artery stents. The neurothrombectomy devices are further segmented into vascular snares, suction devices, and clot retrieval devices. The support devices segment is further divided into microcatheters and micro guidewires. The cerebral embolization and aneurysm coiling devices segment dominated the neurovascular devices market in 2018, due to the easy availability of these devices in the market.

By therapeutic application, the neurovascular devices market is segmented into cerebral artery stenosis, stroke, cerebral aneurysm, and others. The stroke segment dominated the neurovascular devices market in 2018, as it is one of the most prevalent diseases and is commonly witnessed among the geriatric population.

By end-user, the market is fragmented into ambulatory surgical centers, clinics, and hospitals. Hospitals dominated the neurovascular devices market globally in 2018, owing to the presence of a large patient population pool and the availability of advanced technologies.

By region, North America dominated the market in 2018, owing to the growing prevalence of neurovascular diseases, such as aneurysm, intracranial atherosclerotic disease, stenosis, arteriovenous malformations, etc., mainly in the U.S. and the early introduction of technologically advanced products. The Asia Pacific neurovascular devices market is anticipated to show the highest growth rate over the forecast time period, due to the rapidly growing geriatric population suffering from neurovascular diseases, increasing investments made by leading companies to develop advanced neurovascular devices, and the rising number of new device launches in developing countries like India and China.

Some key players of the global neurovascular devices market are Johnson & Johnson, Medtronic Plc, Stryker Corporation, Terumo Corporation, Merit Medical Systems, Inc., W. L. Gore & Associates, Inc., Abbott Laboratories, Penumbra, Inc., Rapid Medical, and MicroPort Scientific Corporation.

This report segments the global neurovascular devices market into:

Global Neurovascular Devices Market: Type Analysis

  • Cerebral Embolization and Aneurysm Coiling Devices
    • Embolic Coils
    • Flow Diversion Devices
    • Liquid Embolic Agents
  • Cerebral Angioplasty and Stenting Systems
    • Carotid Artery Stents
    • Embolic Protection Systems
  • Neurothrombectomy Devices
    • Clot retrieval Devices
    • Suction Devices
    • Vascular Snares
  • Support Devices
    • Micro Catheters
    • Micro Guidewires

Global Neurovascular Devices Market: Therapeutic Application Analysis

  • Stroke
  • Cerebral Artery Stenosis
  • Cerebral Aneurysm
  • Others

Global Neurovascular Devices Market: End-User Analysis

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers

Global Neurovascular Devices Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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