New York, NY, April 04, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Neurovascular Devices Market by Type (Cerebral Embolization and Aneurysm Coiling Devices, Cerebral Angioplasty and Stenting Systems, Neurothrombectomy Devices, and Support Devices), by Therapeutic Application (Stroke, Cerebral Artery Stenosis, Cerebral Aneurysm, and Others), and by End-User (Hospitals, Clinics and Ambulatory Surgical Centers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global neurovascular devices market was valued at USD 2 billion in 2018 and is expected to generate around USD 2.89 billion by 2025, at a CAGR of around 5.4% between 2019 and 2025.
Neurovascular devices are used to treat neurovascular diseases or disorders. Neurovascular diseases are caused when the blood vessels in the brain or spinal cord function abnormally. The abnormality of the blood vessels may lead to stroke, aneurysm, and stenosis, among other neurovascular diseases. The growing prevalence of neurovascular diseases like stroke is mainly fueling the neurovascular devices market globally. The increase in government reimbursement policies for the treatment of neurovascular disease, rise in product development and product launches by companies due to rising competition, and rapid innovation in neurovascular devices are other major factors supporting the global neurovascular devices market.
Browse through 54 Tables & 28 Figures spread over 110 Pages and in-depth TOC on “Global Neurovascular Devices Market: Industry Size, Share, Growth, Trends, Analysis, and Forecast to 2018–2025”.
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The global neurovascular devices market is divided into type, application, and end-user. By type, the market for neurovascular devices is segmented into cerebral angioplasty and stenting systems, neurothrombectomy devices, cerebral embolization, and aneurysm coiling devices, and support devices. The cerebral embolization and aneurysm coiling devices segment further include flow diversion devices, liquid embolic agents, and embolic cells. The cerebral angioplasty and stenting systems segment are further divided into embolic protection systems and carotid artery stents. The neurothrombectomy devices are further segmented into vascular snares, suction devices, and clot retrieval devices. The support devices segment is further divided into microcatheters and micro guidewires. The cerebral embolization and aneurysm coiling devices segment dominated the neurovascular devices market in 2018, due to the easy availability of these devices in the market.
By therapeutic application, the neurovascular devices market is segmented into cerebral artery stenosis, stroke, cerebral aneurysm, and others. The stroke segment dominated the neurovascular devices market in 2018, as it is one of the most prevalent diseases and is commonly witnessed among the geriatric population.
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By end-user, the market is fragmented into ambulatory surgical centers, clinics, and hospitals. Hospitals dominated the neurovascular devices market globally in 2018, owing to the presence of a large patient population pool and the availability of advanced technologies.
By region, North America dominated the market in 2018, owing to the growing prevalence of neurovascular diseases, such as aneurysm, intracranial atherosclerotic disease, stenosis, arteriovenous malformations, etc., mainly in the U.S. According to the Methodist DeBakey Cardiovascular Journal, approximately 1 million strokes occurred in 2014 in the U.S., out of which 10–15% accounted for intracranial atherosclerotic diseases. Additionally, the presence of advanced healthcare infrastructure and the introduction of technologically advanced products are fueling the growth of the North American neurovascular devices market.
Browse the full “Neurovascular Devices Market by Type (Cerebral Embolization and Aneurysm Coiling Devices, Cerebral Angioplasty and Stenting Systems, Neurothrombectomy Devices, and Support Devices), by Therapeutic Application (Stroke, Cerebral Artery Stenosis, Cerebral Aneurysm, and Others), and by End-User (Hospitals, Clinics and Ambulatory Surgical Centers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/neurovascular-devices-interventional-neurology-market
The European neurovascular devices market acquired the second largest share in the year 2018 globally. According to the Neurological Alliance, in 2014, the total number of cases related to neurology reached about 12.5 million in UK alone. The increase in the prevalence of neurovascular disease among the population is fueling the growth of the neurovascular devices market in Europe. The presence of a large geriatric population that is more susceptible to strokes, aneurysm, and other neurovascular diseases is also driving the neurovascular devices market in Europe.
The Asia Pacific neurovascular devices market is anticipated to show the highest growth rate over the forecast time period, due to the rapidly growing geriatric population suffering from neurovascular diseases, increasing investments made by leading companies to develop advanced neurovascular devices, and rising number of new device launches in developing countries like India and China. According to the United Nations Economic and Social Commission, in 2016, about 12.4% of the Asia Pacific population aged above 60 years, which is projected to increase to 25% by 2050. According to the Population and Migration, the Chinese geriatric population is estimated to reach about 1 million by 2020.
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The Middle East and Africa and Latin America are predicted to show slow growth in the future, due to the continuously developing healthcare infrastructure, the growing prevalence of neurovascular diseases among the geriatric population, rising expenditure on health, and the introduction of advanced technologies.
Some key players of the global neurovascular devices market are Johnson & Johnson, Medtronic Plc, Stryker Corporation, Terumo Corporation, Merit Medical Systems, Inc., W. L. Gore & Associates, Inc., Abbott Laboratories, Penumbra, Inc., Rapid Medical, and MicroPort Scientific Corporation.
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This report segments the global neurovascular devices market into:
Global Neurovascular Devices Market: Type Analysis
- Cerebral Embolization and Aneurysm Coiling Devices
- Embolic Coils
- Flow Diversion Devices
- Liquid Embolic Agents
- Cerebral Angioplasty and Stenting Systems
- Carotid Artery Stents
- Embolic Protection Systems
- Neurothrombectomy Devices
- Clot retrieval Devices
- Suction Devices
- Vascular Snares
- Support Devices
- Micro Catheters
- Micro Guidewires
Global Neurovascular Devices Market: Therapeutic Application Analysis
- Stroke
- Cerebral Artery Stenosis
- Cerebral Aneurysm
- Others
Global Neurovascular Devices Market: End-User Analysis
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Global Neurovascular Devices Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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