Industry Background:
Vascular structure of the nervous tissue and blood vessels are majorly affected in the patient with neurovascular disorder. This leads in moderate to severe damage to the brain resulting in the condition such as cerebral haemorrhage and strokes. A Cerebral Balloon Angioplasty & Stenting Systems is a device used to open partially blocked vertebral and carotid arteries in the neck as well as blood vessels within the brain. Rising geriatric population across is expected to increase the demand for the country and upsurge in the number of patient suffering from brain disease Cerebral Balloon Angioplasty & Stenting Systems. As per WHO, the global geriatric population (aged 65 years and above) is expected to rise from 7% in 2000 to 16% in 2050.This growth is primarily driven by Large Obese and Ageing Population, Favorable Medical Reimbursement and Expansion of Healthcare Infrastructure across Emerging Market.
Globally, a noticeable market trend is evident Advancement In The Manufacturing Process of Cerebral Balloon Angioplasty & Stenting Systems. Major Players, such as Medtronic, Plc (United States), W.L. Gore & Associates, Johnson & Johnson (United States), Stryker Corporation (United States), Abbott Vascular (United States), Terumo Corporation (Japan), Microport Scientific Corporation (China) and Penumbra (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Large Obese and Ageing Population
- Favorable Medical Reimbursement
- Expansion of Healthcare Infrastructure across Emerging Market
Market Trend
- Advancement In The Manufacturing Process of Cerebral Balloon Angioplasty & Stenting Systems
Restraints
- Stringent Government Rules and Regulation
- High Cost Associated with Cerebral Balloon Angioplasty & Stenting Systems
Opportunities
Potential Growth in Emerging Market
Challenges
Lack of Skilled Professionals
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