Overview and Scope
Interventional neurology devices and equipment are used to treat neurovascular diseases such as aneurysms, arteriovenous malformations, cavernous malformations, and stroke.
Sizing and Forecast
The interventional neurology devices and equipment market size has grown strongly in recent years. It will grow from <b>$2.19 billion in 2023 to $2.38 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. </b> The growth in the historic period can be attributed to increasing neurological disorders, aging population, stroke awareness and diagnosis, multidisciplinary approach.
The interventional neurology devices and equipment market size is expected to see strong growth in the next few years. It will grow to <b>$3.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. </b> The growth in the forecast period can be attributed to minimally invasive procedures, emerging markets growth, regulatory support and reimbursement, telehealth and remote consultation. Major trends in the forecast period include artificial intelligence (ai) and image analysis, robotics and navigation, patient-specific devices, hybrid operating rooms.
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Segmentation & Regional Insights
The interventional neurology devices and equipment market covered in this report is segmented –
1) By Type: Aneurysm Coiling & Embolization Devices, Cerebrospinal Fluid Management Devices, Neurothrombectomy Devices, Support Devices
2) Aneurysm Coiling & Embolization Devices By Type: Embolic coils, Flow diversion devices, Liquid embolic devices
3) Angioplasty Devices by Type: Carotid artery stents, Embolic protection systems
4) Support Devices By Type, Micro guide wires, Micro catheters
5) Neurothrombectomy Devices By Type: CLOT retrieval devices, Suction and aspiration devices, Snare
6) By End-User: Hospitals, Neurology clinics, Ambulatory care centers and others
<b>North America</b> was the largest region in the global interventional neurology devices and equipment market in 2023. <b>Asia-Pacific</b> was the second-largest region in the interventional neurology devices and equipment market. The regions covered in the interventional neurology devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
An increase in the patient population with neurological disorders is driving the Interventional neurology devices market. Neural disorders like Alzheimer’s disease, cerebrovascular diseases including stroke, migraine, and other headache disorders are on the rise. The rapid increase in the geriatric population, high-stress levels in young individuals, and head injuries due to accidents are the main reasons for neural disorders. For example, according to the Brain Aneurysm Foundation, it is estimated that in the United States, 6 million people suffer from unruptured brain aneurysms. Also, according to World Health Organization, more than 50 million have epilepsy and over 47 million have dementia. Hence, the rapid increase in the incidence of neurological disorders is slated to boost the market in the forecast period.
Key Industry Players
Major companies operating in the interventional neurology devices and equipment market include <b> Medtronic plc, Stryker Corporation, Terumo Corporation, Penumbra Inc., COVIDien, Abbott Laboratories, Merit Medical Systems Inc., W. L. Gore & Associates, Bayer AG, MicroPort Scientific Corporation, Boston Scientific Corporation, Johnson & Johnson, Medikit Co. Ltd., Acandis GmbH, Biosensors International Ltd., Integra LifeSciences Holdings Corporation, Magstim C-Ltd., UreSil LLC, Cook Group Incorporated, Siemens Healthineers, B. Braun Melsungen AG, Integer Holdings Corporation, Nihon Kohden Corporation, LivaNova, Teleflex Incorporated, Balt Extrusion SAS, Rapid Medical Ltd., phenox GmbH, Spiegelberg GmbH & Co. KG </b>
The interventional neurology devices and equipment market report table of contents includes:
1. Executive Summary
2. Interventional Neurology Devices And Equipment Market Characteristics
3. Interventional Neurology Devices And Equipment Market Trends And Strategies
4. Interventional Neurology Devices And Equipment Market – Macro Economic Scenario
5. Global Interventional Neurology Devices And Equipment Market Size and Growth
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26. South America Interventional Neurology Devices And Equipment Market
27. Brazil Interventional Neurology Devices And Equipment Market
28. Middle East Interventional Neurology Devices And Equipment Market
29. Africa Interventional Neurology Devices And Equipment Market
30. Interventional Neurology Devices And Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
- Medtronic PLC
- Stryker Corporation
- Terumo Corporation
- Penumbra Inc
- COVIDien
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