Industry Background:
Vascular structure of the nervous tissues and blood vessels are majorly affected in the patient who is suffering from a neurovascular disorder. This leads to moderate to severe damage to the brain resulting in a condition such as cerebral haemorrhage and strokes. According to the report, stroke is the third leading cause of disability and death worldwide. The neurovascular device is used to treat several neurovascular diseases that affect the central nervous system as well as the blood vascular system. Increase in geriatric population across the country and upsurge in the number of patient suffering from the neurovascular disorder is expected to increase the demand for neurovascular devices. As per WHO, the global geriatric population (aged 65 years and above) is expected to rise from 7% in 2000 to 16% in 2050.
The Global Neurovascular Devices market presents a comprehensive analysis of the Neurovascular Devices market by product type (Aneurysm Coiling & Embolization Devices, Cerebral Balloon Angioplasty & Stenting Systems, Support Devices and Neurothrombectomy Devices), by end-user/application (Hospitals, Clinics and Ambulatory Surgical Units), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Players profiled in the report are Johnson & Johnson (United States), Terumo Corporation (Japan), Medtronic, Plc (United States), Abbott Laboratories (United States), Stryker Corporation (United States), Penumbra, Inc. (United States), W. L. Gore & Associates, Inc. (United States), Merit Medical Systems, Inc. (United States) and Microport Scientific Corporation (China).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Johnson & Johnson (United States), Terumo Corporation (Japan), Medtronic, Plc (United States), Abbott Laboratories (United States), Stryker Corporation (United States), Penumbra, Inc. (United States), W. L. Gore & Associates, Inc. (United States), Merit Medical Systems, Inc. (United States) and Microport Scientific Corporation (China) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Advancement In The Manufacturing Process Of Neurovascular Devices
Market Growth Drivers:
Large Obese And Ageing Population, Constant Development In Ongoing Product and Favourable Medical Reimbursement
Challenges:
Lack Of Skilled Neurosurgeons
Restraints:
Stringent Government Regulation and High Cost Associated With Neurovascular Devices
Opportunities:
Research And Development In Field Of Neurovascular Devices, Growing Concern Among Neurosurgeons About Procedures And Devices and Growing Number Of Researches In The Field Of Neurovascular Therapies
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Neurovascular Devices industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest. For instance, while the North America holds majority of market share of the Neurovascular Devices
The Technology, such as Carotid Artery Angioplasty, is boosting the Neurovascular Devices market and is anticipated to experience a steady growth during the forecast period.
The Disease Pathology, such as Ischemic Strokes, is boosting the Neurovascular Devices market and is anticipated to experience a steady growth during the forecast period.
The regional segmentation covered in this report are:
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)