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Neurovascular Devices Market Analysis by Device (Cerebral Angioplasty & Stenting Systems, Support Devices, Cerebral Embolization & Aneurysm Coiling Devices, and Neurothrombectomy Devices), Application (Cerebral Aneurysm, Cerebral Artery Stenosis, Stroke, and Others) and by Region: Global Forecast, 2024 - 2034.

  • PUBLISHED ON
  • 2024-05-25
  • NO OF PAGES
  • 280
  • CATEGORY
  • Healthcare & Life Sciences

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

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.


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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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

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The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

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Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Neurovascular Devices Market in 2024?

Neurovascular Devices Market was valued at USD 2.9 Billion in 2024.

What is the growth rate for the Neurovascular Devices Market?

Neurovascular Devices Market size will increase at approximate CAGR of 8.1% during the forecasted period.

Which are the top companies operating within the market?

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.

Which region dominates the Neurovascular Devices Market?

North America dominates the market with an active share of 46%.

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