Global neurointerventional devices market size to record 8% CAGR through 2027
Description – The new research report on ‘global neurointerventional devices market’ provides with substantial information regarding the major development trends, challenges faced by leading companies, and other expansion opportunities for this business vertical. The document also intends to offer a granular assessment of the historic data, prevailing trends, and other future patterns which may impact the growth matrix of this industry.
As per authentic estimations, global neurointerventional devices market had reached a valuation of USD 2.5 billion in the year 2019 and is reckoned to witness a y-o-y growth rate of 8% between 2020 and 2027. The growth can be attributed to improving healthcare infrastructure, rising patient population, and favorable medical reimbursements.
Apart from this, the report conducts a thorough analysis of the various market segmentations, while evaluating their respective contribution towards the remuneration generated by this business domain. It also provides a detailed SWOT analysis of the various industry participants, further ensuing high quality decision making during investment assessment.
For those uninitiated, neurointerventional radiology, which is also known as neurovascular surgery, is a new medical technique which involves the use of minimally invasive endovascular processes in order to treat vascular brain disorders.
Shifting preferences towards adopting minimally invasive procedures have resulted in worldwide recognition of neurointerventional devices. In addition, technological advancements and subsequent innovative product launches are also stimulating global neurointerventional devices industry outlook.
Apart from this, numerous companies operating in this business vertical are focusing on business centric strategies such as new product developments, collaborations, and mergers & acquisitions, thereby adding traction to worldwide demand. On the contrary, lack of skilled neurosurgeons coupled with strict regulatory outlook may hamper the remuneration scale of global neurointerventional devices market in the upcoming years.
Summarizing the market segmentations
Worldwide neurointerventional devices market is bifurcated on the basis of type, technique, and end-user scope. Speaking of type, the market is further split into stent retrievers, balloons, liquid embolics, flow diverters, embolic coils, intrasaccular devices, embolic protection devices, neurovascular stents, and neurovascular thrombectomy devices.
Moving on to technique type, the industry is divided into flow disruption, cerebral angiography, coiling procedure, stenting, and neurothrombectomy. The end-user landscape of the overall market comprises of ambulatory surgical centers and hospitals.
To access a sample pages of this report titled “Global Neurointerventional Devices Market Size study, by Type (Neurovascular Thrombectomy Devices, Neurovascular Stents, Embolic Protection Devices, Intrasaccular Devices, Embolic Coils, Flow Diverters, Liquid Embolics, Balloons, and Stent Retrievers); Technique (Neurothrombectomy, Stenting, Coiling Procedure, Cerebral Angiography, Flow Disruption); End User (Hospitals, Ambulatory Surgical Centers) and Regional Forecasts 2020-2027” in detail along with the table of contents, please click the link below:
Highlighting the regional spectrum
Global neurointerventional devices market is segmented into Latin America, Europe, North America, and rest of the world. According to reliable predictions, North America currently accounts for the largest market share and is likely to register consistent growth throughout the study period. Factors such as growing demand for neurovascular products and availability of advanced healthcare infrastructure are facilitating the business outlook in North America.
Meanwhile, neurointerventional devices industry share in Asia-Pacific is predicted to expand significantly in the upcoming years. Favorable medical reimbursement policies, innovative product launches, and growing patient population are favoring the regional market scenario.
Global Neurointerventional Devices Market by Type (Revenue, USD Billion, 2017-2027)
- Stent Retrievers
- Liquid Emoblics
- Flow Diverters
- Emoblic Coils
- Intrasaccular Devices
- Embolic Protection Devices
- Neurovascular Stents
- Neurovascular Thrombectomy Devices
Global Neurointerventional Devices Market by Technique (Revenue, USD Billion, 2017-2027)
- Flow Disruption
- Cerebral Angiography
- Coiling Procedure
Global Neurointerventional Devices Market by End-User Scope (Revenue, USD Billion, 2017-2027)
- Ambulatory Surgical Centers
Global Neurointerventional Devices Market Geographical Reach (Revenue, USD Billion, 2017-2027)
- United States
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
Rest of the World
Global Neurointerventional Devices Market Competitive Analysis (Revenue, USD Billion, 2017-2027)
- InspireMD, Inc.
- MicroPort Scientific Corporation
- Rapid Medical Ltd.
- Penumbra, Inc.
- Merit Medical Systems Inc.
- Boston Scientific Corporation
- Terumo Corporation
- iVascular SLU
- Stryker Corp.
- Medtronic plc
Neurostimulation Devices Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026
The neurostimulation devices market is set to witness promising growth over the forthcoming time period owing to the increasing prevalence of neurological disorders. Neurostimulation is known as an advanced treatment for decreasing specific types of chronic pain and is also used for improving the quality of life for people who are suffering from acute losses to sense organs or are paralyzed. From a regional frame of reference, Latin America neurostimulation devices market was valued at over $320 million in 2019. The growth is ascribed to rising awareness regarding the availability and benefits of neurostimulation devices for neurological disease management thereby driving the regional market growth.
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