Global neurovascular devices market is expected to reach USD 3.48 Billion by 2026, at a CAGR of 5.97% from 2019 to 2026. Growing preference for the minimally invasive surgeries, global increase in geriatric population and favorable medical reimbursement conditions are driving the global neurovascular devices market.
Neurovascular devices are mainly used in the surgery, diagnosis and treatment of various neurological diseases. These devices are immensely used in the treatment and diagnosis of all categories of diseases and conditions involving the peripheral and central nervous system. Neurovascular devices aid in the treatment of various neurovascular disorders such as cerebral aneurysms and intracranial atherosclerotic disease. Thus, the rising incidence of the neurological disorders coupled with a growing demand for effective neurovascular devices are expected to drive the market growth over the forecast period.
Global Neurovascular Devices Market Key Findings:
All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
The global Neurovascular Devices market has been segmented on the basis of device type, and therapeutic application.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. The North America region emerged as the largest market for the neurovascular devices with a 42.18% share of market revenue in 2018.
Global Neurovascular Devices Market Competitive Analysis:
Key players in the global neurovascular devices market are Abbott Laboratories, W. L. Gore & Associates, Inc., Johnson & Johnson, Medtronic PLC, Merit Medical Systems, Inc., MicroPort Scientific Corporation, Penumbra, Inc., Stryker Corp., Terumo Medical Corporation, Integer Holdings Corporation, and Acandis GmbH & Co. KG among others. Major players are focusing on new product launch in order to effectively participate in the highly competitive market. For instance in 2016, Penumbra, Inc. launched ACE 68 Reperfusion Catheter for the treatment of acute ischemic stroke. It includes latest technological advancements to deliver maximum aspiration power for extracting thrombus in acute ischemic stroke patients.
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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Market Research has segmented the global neurovascular devices market on the basis of below mentioned segments:
Global Neurovascular Devices Market by Device Type:
Global Neurovascular Devices Market by Therapeutic Application:
Global Neurovascular Devices Market by Region:
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