Global Neurovascular Devices Market size was valued at USD 2.82 Bn in 2023 and is expected to reach USD 4.30 Bn by 2030, at a CAGR of 6.2%.
Neurovascular Devices Market Overview:
The neurovascular devices market is witnessing substantial growth due to the increasing prevalence of neurological disorders such as strokes, aneurysms, and arteriovenous malformations. Advancements in minimally invasive procedures have driven demand for neurovascular devices, as they offer enhanced precision, reduced recovery time, and lower risks compared to traditional surgeries. The rise in geriatric populations, who are more susceptible to neurovascular conditions, further fuels market expansion. Additionally, technological innovations, such as next-generation stents, embolic coils, and flow diverters, are improving patient outcomes and increasing the adoption of neurovascular interventions.
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Neurovascular Devices Market Trends:
One of the major trends in the neurovascular devices market is the increasing adoption of robotic-assisted procedures and artificial intelligence (AI) in neurosurgery. Robotic-assisted interventions provide higher precision, improved navigation, and better control during neurovascular procedures, reducing complications and improving surgical outcomes. AI-driven diagnostic tools are also enhancing early detection and decision-making, allowing healthcare professionals to provide timely and effective treatment for neurovascular disorders.
What are Neurovascular Devices Market Dynamics?
The primary drivers of the neurovascular devices market include the rising incidence of stroke and aneurysms, advancements in neurovascular imaging, and an increasing number of endovascular procedures. Improved reimbursement policies in several countries are also encouraging hospitals and clinics to adopt state-of-the-art neurovascular devices, making advanced treatments more accessible to patients. Additionally, continuous research and development efforts are leading to the introduction of innovative devices that enhance procedural success rates and reduce complications.
Neurovascular Devices Market Opportunities:
The growing demand for minimally invasive neurovascular treatments presents significant opportunities for market expansion. With ongoing advancements in catheter-based interventions and imaging technologies, neurovascular devices are becoming more effective and widely used in treating complex cerebrovascular conditions. The increasing number of ambulatory surgical centers and specialized stroke centers is also creating a favorable environment for the adoption of these advanced medical devices.
What is Neurovascular Devices Market Regional Insight?
North America dominates the neurovascular devices market, driven by a well-established healthcare system, high healthcare expenditure, and the presence of major medical device manufacturers. The region has a high prevalence of neurovascular disorders, prompting continuous investments in research and the development of cutting-edge treatment options. Favorable reimbursement policies and a strong focus on minimally invasive procedures further contribute to market expansion in the U.S. and Canada.
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What is Neurovascular Devices Market Segmentation?
By Device
Cerebral Embolization and Aneurysm Coiling Devices
Embolic coils
Flow diversion devices
Liquid embolic agents
Cerebral Angioplasty and Stenting Systems
Carotid artery stents
Embolic protection
Neurothrombectomy Devices
Clot retrieval devices
Suction devices/aspiration catheters
Vascular snares
Support Devices
Micro catheters
Micro guidewires
Trans Radial Access Devices
By Therapeutic
Application Stroke
Cerebral Artery
Cerebral Aneurysm
Aneurysmal Subarachnoid Hemorrhage
Others
Others
By End User
Hospitals
Specialty Clinics
Others
Some of the current players in the Neurovascular Devices Market are:
- Medtronic plc (Dublin, Ireland)
2. Johnson & Johnson (New Brunswick, New Jersey, USA)
3. Stryker Corporation (Kalamazoo, Michigan, USA)
4. Terumo Corporation (Tokyo, Japan)
5. Abbott Laboratories (Abbott Park, Illinois, USA)
Neurovascular Devices Manufacturers in North America
1. Penumbra, Inc. (Alameda, California, USA)
2. Merit Medical Systems, Inc. (South Jordan, Utah, USA)
Neurovascular Devices Manufacturers in Europe
1. Balt Extrusion (Montmorency, France)
2. Acandis GmbH (Pforzheim, Germany)
3. ArtVentive Medical Group, Inc. (Carlsbad, California, USA)
4. Spiegelberg GmbH & Co. KG (Hamburg, Germany)
5. EndoShape, Inc. (Aliso Viejo, California, USA)
6. Penumbra Europe GmbH (Alsbach-Hähnlein, Germany)
Neurovascular Devices Manufacturers in Asia Pacific
1. Terumo Corporation (Tokyo, Japan)
2. MicroPort Scientific Corporation (Shanghai, China)
3. Medikit Co., Ltd. (Tokyo, Japan)
4. Penumbra Japan (Tokyo, Japan)
5. Asahi Intecc Co., Ltd. (Aichi, Japan)
6. Kaneka Corporation (Osaka, Japan)
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Key Offerings:
- Past Market Size and Competitive Landscape
- Neurovascular Devices Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Neurovascular Devices Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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