The Insight Partners published latest research report on “Neurovascular Devices Market Size Report, Trends, Share & Growth Forecast to 2027 – COVID-19 Impact and Global Analysis - by Product, Application; and End User”, the global market is expected to reach USD 3,871.20 million by 2027 from USD 2,997.36 million in 2019; it is expected to grow at a CAGR of 3.2% from 2020 to 2027.
The Insight Partners published latest research report on "Neurovascular Devices Market Size Report, Trends, Share & Growth Forecast to 2027 – COVID-19 Impact and Global Analysis - by Product, Application; and End User”, the global market is expected to reach USD 3,871.20 million by 2027 from USD 2,997.36 million in 2019; it is expected to grow at a CAGR of 3.2% from 2020 to 2027.
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Growth Strategies by the Key Players Operating in the Neurovascular Devices Market:
July 2019 - Penumbra Inc. has launched its JET 7 Reperfusion Catheter which has been incorporated with the XTRA FLEX Technology. The product is considered to be useful for physicians to extract thrombus in acute ischemic stroke patients.
May 2019 - Acandis GmbH announced that it has received CE mark approval for its APERIO Hybrid Thrombectomy Device. The devices is intended to severe restoration of the arterial flow in ischemic stroke patients that are caused due to large intracranial vascular occlusion
September 2018 - Acandis GmbH announced that it has received CE mark approval for its ACCERO Stent which is used to treat intracranial aneurysms along with use of embolization materials. After receiving approval the product was commercialized in European region.
January 2018 - Medtronic plc announced that is has received FDA approval for its product, Riptide(TM) Aspiration System which has strengthen company’s neurovascular product portfolio. The device is also used for treating Acute Ischemic Stroke.
September 2017 - Acandis GmbH announced launch of its ACCLINO flex plus stent which is used in the treatment of intracranial aneurysms.
October 2016 - Medtronic plc announced collaboration with World Stroke Organization to increase awareness regarding stroke through various initiatives
The neurovascular devices market is a well-established market in nature consisting of good and countable number of players, having considerable revenue in the market. Most of the companies operating in the global neurovascular devices market offer products to treat neurovascular conditions such as stroke, brain aneurysm and others. The market also offers product for interventional neuroradiology that helps in the diagnosis and treatment of people with severe neurovascular conditions.
Market leaders are involved in organic and inorganic growth strategies in the neurovascular devices market. For instance, the companies have maximized their growth with several organic strategies to enhance the market value and position in the market.
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Global Neurovascular Devices Market Share Report, Segmentations, Regional & Country Scope:
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Report Coverage |
Details |
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Market Size Value in |
USD 2,997.36 million in 2019 |
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Market Size Value by |
USD 3,871.20 million by 2027 |
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Growth rate |
CAGR of 3.2% from 2020 to 2027 |
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Forecast Period |
2020-2027 |
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Base Year |
2019 |
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No. of Pages |
234 |
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No. of Tables |
219 |
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No. of Charts & Figures |
80 |
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Historical data available |
Yes |
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Segments covered |
Product, Application and End User |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; MEA |
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Country scope |
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Companies Covered |
Medtronic plc, Stryker Corporation, Johnson & Johnson Services, Inc., Acandis GmbH & Co. KG., MicroPort Scientific Corporation, Terumo Corporation, Penumbra, Inc., phenox GMBH, Integer Holdings Corporation, Memry Corporation |
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Key Research Capabilities |
Global Market Assessment, Business Development Strategies, Competitive Landscape, Opportunity Analysis, Regional and Country Level Market Analysis, Market Entry Strategies, Market Dynamics, Risk and Return Assessments, Pricing Analysis, Market Size and Forecasting, Company Profiling, Value Chain Analysis, Expansion Strategies, SWOT Analysis, New Product Development |
Browse key market insights spread across 234 pages with 219 list of tables & 80 list of figures from the report, "Neurovascular Devices Market Forecast to 2027 – COVID-19 Impact and Global Analysis - by Product (Neurothrombectomy Devices, Aneurysm Coiling & Embolization Devices, Cerebral Balloon Angioplasty & Stenting Systems and Support Devices), Application (Cerebral Aneurysms, Ischemic Strokes, Arteriovenous Malformation & Fistulas and Other Applications); and End User (Hospitals, Ambulatory Surgical Centers and Specialized Clinics)" in detail along with the table of contents: https://www.theinsightpartners.com/reports/neurovascular-devices-market
Neurovascular devices are used in neurovascular diseases that possibly affects the network of blood vessels surrounding the brain. This leads to incurable conditions such as strokes and aneurysms. Neurovascular devices are used to prevent stroke, aneurysm embolization, carotid stenosis and other symptoms. Neurovascular devices are also used for performing surgical procedures to treat aneurysms and other cranial blood flow problems.
Global neurovascular devices market was segmented by product, application and end user. On the basis of the product the market is segmented as neurothrombectomy devices, aneurysm coiling & embolization devices, cerebral balloon angioplasty & stenting systems and support devices. Based on the application the market is segmented into cerebral aneurysms, ischemic strokes, arteriovenous malformation & fistulas and other applications. The market is classified into hospitals, ambulatory surgical centers and specialized clinics on the basis of end user. The neurovascular devices market by application was held largely by the ischemic stroke. The rising incidences of ischemic stroke are expected to grow during the forecast years.
Products such as neurovascular embolization & coiling assist devices including embolic coils, flow diversion devices and liquid embolic agents are widely being used in the field of neurology. Embolic coils are used to isolate an aneurysm from the normal circulation without blocking off any small arteries nearby or narrowing the main vessel. Coil embolization is a minimally invasive procedure to treat an aneurysm by filling it with material that closes off the sac and reduces the risk of bleeding. It is performed from "within" the artery (endovascular) through a steerable catheter inserted into the blood stream at the groin and guided to the brain. Tiny coils, glue, or mesh stents are used to promote clotting and close off the aneurysm.
A minimally invasive medical procedure is generally carried out by inserting a small device or an implant in body through an incision or anatomical opening. Minimally invasive procedures are being performed widely in the recent years. Since these incisions are tiny, the patient recovers at a faster rate comparatively, with less discomfort. Some of the benefits of a minimally invasive procedure include, few small cuts, less trauma to the muscles, nerves and tissues, less bleeding & scarring, less tissue injury, less trauma to organs, less pain, faster oral intake and less hospital stay.
Some of the major primary and secondary sources included in the report for the neurovascular devices market are Brazilian Institute of Neuroscience and Neurotechnology, Food and Drug Administration, Centers for Disease Control and Prevention, and others.
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