What is Interventional Neurology Device Market Scope?
Interventional neurology can hereby be defined as a specialty aimed towards treating some serious diseases of the brain, spine, as well as neck by the means of minimally invasive image-guided techniques. Some of the major diseases that are treated by interventional neurologists thereby include cerebral aneurysms, spinal vascular malformations, head and neck tumors, ischemic strokes, intracranial atherosclerosis, meningiomas, and vertebral body tumors. Intracranial aneurysm such as subarachnoid hemorrhage is one of the most common neurological conditions affecting over 30,000 people in the United States and over 2% of the world population each year. Central nervous system (AVM) arteriovenous malformations have been reported in over 0.15% of the US population, of which over 90% are supratentorial. Among these, over 4% of cerebral AVMs are due to hemorrhagic conversions. Interventional neurology uses various kinds of tools that pass through blood vessels so as to diagnose and treat diseases and conditions, rather than performing any kind of open surgery. These doctors use advanced radiological imaging and 3D technology to see and treat the part of the body for diagnosis and treatment.
The Interventional Neurology Device market study is being classified, by Application (Oncology, Cardiology and Urology & Nephrology) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Interventional Neurology Device market throughout the predicted period.
Stryker Corporation (United States), Johnson & Johnson (United States), Medtronic (Ireland), Terumo Corporation (Japan), Penumbra (United States), Microport (China), Abbott Laboratories (United States), W. L. Gore & Associates (United States), Merit Medical Systems, Inc. (United States), Boston Scientific Corporation (United States) and Cook Medical (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Interventional Neurology Device market by Type, Application and Region.
On the basis of geography, the market of Interventional Neurology Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Market Trend
- Rising Demand for Effective Treatment Methods
- A Surge in Demand for Minimally Invasive Procedures
- Rising Patient Pool of Hemorrhagic and Ischemic Stroke
Market Drivers
- High Incidence of Stroke and Brain Aneurysm
- Increasing Demand for Interventional Neurology Devices
- Growing Awareness among People
- Growing Demand for Bare Platinum Coils
Opportunities
- Strong Focus on Research & Development Leading To New Product Launches and Product Enhancement
- Technological Advancements in the Field of Interventional Neurology
Restraints
- A Dearth of Trained Interventional Neurologists
- Stringent Regulatory Procedures
Challenges
- High Cost of Procedures
- The Lack of Well-Established Reimbursement Policies
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Interventional Neurology Device, Suppliers and Distributors of Interventional Neurology Device, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
Customization available in this Study:
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