Market Overview
The Neurovascular Devices market is predicted to develop at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2034, when it is projected to reach USD 5.1 Billion, based on an average growth pattern. The market is estimated to reach a value of USD 2.9 Billion in 2024.
SOURCE: We Market Research
Medical
equipment used to treat and manage neurovascular illnesses that affect the blood
arteries in the brain and spine is included in the neurovascular devices
market. Stents, embolic coils, flow diverters, thrombectomy devices, and
neurovascular catheters are a few of these devices. They are used in treatments
such as thrombectomy for stroke, stenting of constricted arteries, and coiling
of aneurysms. Growing rates of neurological conditions like aneurysms and
stroke, along with improvements in minimally invasive surgical methods, are
driving the market. Additional factors driving market expansion include rising
awareness, enhanced diagnostic capacity, and growing healthcare infrastructure.
The market for neurovascular devices is expected to keep growing as a result of
aging populations and continued technological advancements.
The market for
neurovascular devices includes medical equipment used to treat and manage
conditions affecting the blood vessels in the brain and spine, or neurovascular
illnesses. These devices include of neurovascular catheters, thrombectomy
devices, embolic coils, stents, and flow diverters. They are used in practices
such as thrombectomy for stroke, aneurysm coiling, and stenting of constricted
arteries. The market is driven by the rising prevalence of neurological
conditions such aneurysms and strokes as well as improvements in less invasive
surgical methods. Expanding healthcare infrastructure, better diagnostic tools,
and rising awareness all support market expansion. Because of aging populations
and continued technological advancements, it is expected that the market for
neurovascular devices will continue to grow.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 2.9 Billion |
|
Market Forecast in 2034 |
USD 5.1Billion |
|
CAGR % 2024-2034 |
8.1% |
|
Base Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast Period |
2024-2034 |
|
Report USP
|
Production, Consumption, company share, company
heatmap, company production capacity, growth factors and more |
|
Segments Covered |
By Device, by Application and By Region |
|
Regional Scope |
North America, Europe, APAC, South America and
Middle East and Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic
Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia;
Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa;
Nigeria |
Neurovascular Devices Industry: Dynamics & Restrains
Market opportunity:
We Market Research: Neurovascular Devices Dashboard
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Neurovascular Devices Segmentation
Market- By Device Analysis
By Device, the Neurovascular Devices Market is Categories into Cerebral Angioplasty & Stenting Systems, Support Devices, Cerebral Embolization & Aneurysm Coiling Devices, and Neurothrombectomy Devices. The Cerebral Embolization & Aneurysm Coiling Devices segment accounts for the largest share of around 42% in 2024.
Factors that stimulate demand and growth
are referred to as drivers in the context of a market. Some of these factors
that drive market expansion and innovation are population growth, technical
improvements, regulatory changes, and changing customer tastes.
The
following segments are part of an in-depth analysis of the global Neurovascular
Devices market:
|
Market Segments |
|
|
By Application |
·
Cerebral Aneurysm ·
Cerebral Artery Stenosis ·
Stroke ·
Others |
Neurovascular Devices Industry: Regional Analysis
North America Market Forecast
North America dominate the Neurovascular Devices Market with the highest revenue generating market with share of more than 46%. The modern healthcare facilities, high healthcare spending, and early acceptance of new technology have made this region the market leader for neurovascular devices. Important market participants' existence as well as advantageous reimbursement practices support the expansion of the industry.
Europe Market Statistics
Europe is a
second largest region in Neurovascular Devices market. Leading contributors to
the European neurovascular devices market are the UK, Germany, and France. The
area gains from strong healthcare infrastructures, rising public awareness of
neurovascular illnesses, and encouraging government R&D programs.
Asia Pacific Market Forecasts
Asia Pacific is
expected to be the fastest-growing regional segment of the Neurovascular Devices
market during the forecast period. Neurovascular devices are seeing significant
expansion in markets that are experiencing rapid economic growth, like China,
India, and Japan. The region's leading market players are investing more money
there, the prevalence of neurovascular disorders is on the rise, and the
region's healthcare infrastructure is getting better.
Key Market Players
The Neurovascular Devices Market is dominated by a few large companies, such as
·
Medtronic.
·
Johnson & Johnson Services,
Inc.
·
ASAHI INTECC CO., LTD.
·
Penumbra, Inc.
·
Stryker.
·
Terumo Corporation.
·
Integer Holdings Corporation.
· MicroPort Scientific Corporation.
· Other
1.
Global
Neurovascular Devices Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Neurovascular Devices
Market Scope and Market Estimation
1.2.1. Global Neurovascular Devices Overall
Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2034)
1.2.2. Global Neurovascular Devices
Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Component of Global Neurovascular
Devices Market
1.3.2. Technology of Global Neurovascular
Devices Market
1.3.3. Application of Global Neurovascular Devices Market
1.3.4. Region of Global Neurovascular
Devices Market
2.
Executive Summary
2.1. Global Neurovascular Devices Market Industry Trends under COVID-19
Outbreak
2.1.1. Global COVID-19 Status Overview
2.1.2. Influence of COVID-19 Outbreak
on Global Neurovascular Devices Market
Industry Development
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact Analysis of Drivers and
Restraints
2.3. Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.4. Key Mergers & Acquisitions,
Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s Five Forces Analysis
2.5.1. Bargaining Power of Suppliers
2.5.2. Bargaining Power of Buyers
2.5.3. Threat of Substitutes
2.5.4. Threat of New Entrants
2.5.5. Competitive Rivalry
2.6. Value Chain / Ecosystem Analysis
2.7. Russia-Ukraine War Impacts
Analysis
2.8. Economic Downturn Analysis
2.9. Market Investment Opportunity
Analysis (Top Investment Pockets), By Segments & By Region
3.
Global Neurovascular Devices
Market Estimates & Historical Trend
Analysis (2019 - 2023)
4.
Global Neurovascular Devices
Market Estimates & Forecast Trend
Analysis, by DEVICE
4.1. Global Neurovascular Devices
Market Revenue (US$ Mn) Estimates and Forecasts, by DEVICE, 2019 to 2034
4.1.1. Cerebral Angioplasty &
Stenting Systems
4.1.2. Support Devices
4.1.3. Cerebral Embolization &
Aneurysm Coiling Devices
4.1.4. Neurothrombectomy Devices
5.
Global Neurovascular Devices
Market Estimates & Forecast Trend
Analysis, by Application
5.1. Global Neurovascular Devices
Market Revenue (US$ Mn) Estimates and Forecasts, by Application,
2019 to 2034
5.1.1. Cerebral Aneurysm
5.1.2. Cerebral Artery Stenosis
5.1.3. Stroke
5.1.4. Others
6.
Global Neurovascular Devices
Market Estimates & Forecast Trend
Analysis, by Region
6.1. Global Neurovascular Devices
Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2034
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America
7.
North
America Neurovascular Devices Market: Estimates & Forecast Trend Analysis
7.1.
North
America Neurovascular Devices Market Assessments & Key Findings
7.1.1. North America Neurovascular
Devices Market Introduction
7.1.2. North America Neurovascular
Devices Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
7.1.2.1. By DEVICE
7.1.2.2. By Application
7.1.2.3. By Country
7.1.2.3.1. The U.S.
7.1.2.3.2. Canada
7.1.2.3.3. Mexico
8.
Europe
Neurovascular Devices Market: Estimates & Forecast Trend Analysis
8.1. Europe Neurovascular Devices
Market Assessments & Key Findings
8.1.1. Europe Neurovascular Devices
Market Introduction
8.1.2. Europe Neurovascular Devices
Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
8.1.2.1. By DEVICE
8.1.2.2. By Application
8.1.2.3.
By
Country
8.1.2.3.1. Germany
8.1.2.3.2. U.K.
8.1.2.3.3. France
8.1.2.3.4. Italy
8.1.2.3.5. Spain
8.1.2.3.6. Russia
8.1.2.3.7. Rest of Europe
9.
Asia
Pacific Neurovascular Devices Market: Estimates & Forecast Trend Analysis
9.1. Asia Pacific Market Assessments
& Key Findings
9.1.1. Asia Pacific Neurovascular
Devices Market Introduction
9.1.2. Asia Pacific Neurovascular
Devices Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
9.1.2.1. By DEVICE
9.1.2.2. By Application
9.1.2.3.
By
Country
9.1.2.3.1. China
9.1.2.3.2. Japan
9.1.2.3.3. India
9.1.2.3.4. Australia
9.1.2.3.5. South Korea
9.1.2.3.6. ASEAN
9.1.2.3.7. Rest of Asia Pacific
10. Middle East & Africa Neurovascular
Devices Market: Estimates &
Forecast Trend Analysis
10.1. Middle East & Africa Market
Assessments & Key Findings
10.1.1. Middle
East & Africa Neurovascular
Devices Market Introduction
10.1.2. Middle
East & Africa Neurovascular
Devices Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
10.1.2.1. By DEVICE
10.1.2.2. By Application
10.1.2.3. By Country
10.1.2.3.1. U.A.E.
10.1.2.3.2. Saudi Arabia
10.1.2.3.3. Egypt
10.1.2.3.4. South Africa
10.1.2.3.5. Rest of Middle East & Africa
11. South America
Neurovascular Devices Market: Estimates
& Forecast Trend Analysis
11.1. South America Market Assessments
& Key Findings
11.1.1. South America Neurovascular
Devices Market Introduction
11.1.2. South America Neurovascular
Devices Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
11.1.2.1. By DEVICE
11.1.2.2. By Application
11.1.2.3. By Country
11.1.2.3.1. Brazil
11.1.2.3.2. Argentina
11.1.2.3.3. Colombia
11.1.2.3.4. Rest of South America
12. Competition Landscape
12.1. Global Neurovascular Devices
Market Competition Matrix & Benchmarking, by Leading Players / Innovators /
Emerging Players / New Entrants
12.2. Global Neurovascular Devices
Market Competition White Space Analysis, By Application
12.3. Global Neurovascular Devices
Market Competition Heat Map Analysis, By Application
12.4. Global Neurovascular Devices
Market Concentration & Company Market Shares (%) Analysis, 2022
13. Company Profiles
13.1.
Medtronic.
13.1.1. Company Overview & Key Stats
13.1.2. Financial Performance & KPIs
13.1.3. Product Portfolio
13.1.4. Business Strategy & Recent Developments
* Similar details would be provided
for all the players mentioned below
13.2. Johnson &
Johnson Services, Inc.
13.3. ASAHI INTECC
CO., LTD.
13.4. Penumbra, Inc.
13.5. Stryker
13.6. Terumo
Corporation
13.7. Integer
Holdings Corporation.
13.8. MicroPort
Scientific Corporation
13.9. Others
14. Research
Methodology
14.1. External Transportations /
Databases
14.2. Internal Proprietary Database
14.3. Primary Research
14.4. Secondary Research
14.5. Assumptions
14.6. Limitations
14.7. Report FAQs
15. Research Findings & Conclusion
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Neurovascular Devices Market was valued at USD 2.9 Billion in 2024.
Neurovascular Devices Market size will increase at approximate CAGR of 8.1% during the forecasted period.
Major companies operating within the Neurovascular Devices Market Are Medtronic, Johnson & Johnson Services, Inc., ASAHI INTECC CO., LTD., Penumbra, Inc., Stryker, Terumo Corporation, Integer Holdings Corporation., MicroPort Scientific Corporation and Others.
North America dominates the market with an active share of 46%.
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