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Neurovascular Devices Market analysis (Report 2018-2026): Growing CAGR 6.1%

February 8, 2020 GMT

Sanjose, CA USA, February 08, 2020 (Wired Release) Credence Research The global market for neurovascular devices was valued at US$ 1,863.0 million in 2017 and is expected to reach US$ 3,257.1 million by 2026 for a CAGR of 6.1 per cent between 2018 and 2026. The global market for neurovascular devices has shown productive growth over the forecast period from 2018 to 2026. Neurovascular devices (e.g. embolic coils, neurothrombectomy devices, balloon occlusion devices, clot retrievers, flow diversion devices, etc.) support the treatment of numerous neurovascular disorders such as cerebral aneurysms, cerebral artery stenosis, intracranial atherosclerotic disease and stroke. Growing medical tourism, increasing elderly population, advancement of top-quality medical devices, the evolution of minimally invasive surgeries and new techniques are few external factors driving the global market. In 2018, Stroke holds a major market share in the field of neurovascular devices.

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The incidence of movement disabilities is increasing due to the upsurge in neurovascular diseases such as arteriovenous malformations and brain aneurysm, mainly in the elderly population. Commercialization and development of embolization and coiling techniques, advancement of carotid artery angioplasty and stenting, technology support and neurothrombectomy will further boost revenue growth during the forecast period. High device costs, lack of healthcare professionals, less awareness of advanced products in developing countries and an unstructured reimbursement scenario will reduce market growth during the forecast period. The market in North America and Europe is experiencing steady growth due to the presence of multi-specialty hospitals, rehabilitation centers and the availability of trained professionals. In addition, the significant adoption of interventional neurologic devices among neurologists and the massive presence of neurovascular device manufacturers in the U.S. will drive growth globally.

The market for neurovascular devices in North America is assessed to have seen more than 5% CAGR over the analysis period. Rising prevalence of stenosis, aneurysm, ischaemic stroke and other neurovascular diseases is a key driver of business growth in regional neurovascular devices. Accessibility to technologically advanced medical treatment and products should have a positive impact on business growth.

The Asia Pacific neurovascular equipment business was valued at more than USD 600 million in 2018. Regional growth can be attributed to increased awareness of advanced and innovative neurovascular devices. The large patient pool in the highly populated Asian countries and rising healthcare spending will accelerate the growth of the Asia-Pacific neurovascular device industry.

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Geographic Coverage

North America Neurovascular Devices Market Revenue and Forecast

Europe Neurovascular Devices Market Revenue and Forecast

Asia Pacific Neurovascular Devices Market Revenue and Forecast

Latin America Neurovascular Devices Market Revenue and Forecast

Middle East and Africa Neurovascular Devices Market Revenue and Forecast

List of Companies Covered:

Penumbra, Inc. Phenox GmbH, Stryker, Abbott Laboratories, Terumo Corporation, Merit Medical Systems, Inc., W. L. Gore  Associates, Inc., Johnson Johnson, MicroPort Scientific Corporation, Delaware Corporation, Rapid Medical, Medtronic plc, and others

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Key questions answered in this report

What are the current market trends and dynamics in the neurovascular devices market and valuable opportunities for emerging players?

Which segment accounts for the fastest CAGR during the forecast period?

What is the impact of high cost of neurovascular devices on the global market?

What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East Africa

Segmentations:

By Type (2016-2026; US$ Mn)

Aneurysm Coiling Embolization Devices

Cerebral Balloon Angioplasty Stenting Systems

Neurothrombectomy Devices

Support Devices

By Indication Segment (2016-2026; US$ Mn)

Stroke

Cerebral Artery Stenosis

Cerebral Aneurysm

Others

By End-user Segment (2016-2026; US$ Mn)

Hospitals

Clinics

Ambulatory Surgical Centers

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ToC:

Chapter 1. Preface

1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Market Segmentation
1.3. Research Scope
1.4. Research Methodology
1.4.1. Phase I Secondary Research
1.4.2. Phase II Primary Research
1.4.3. Phase III Expert Panel Review
1.4.4. Assumptions
1.5. Market Segmentation

Chapter 2. Executive Summary
2.1. Global Neurovascular Devices Market Portraiture
2.2. Global Neurovascular Devices Market, by Type, 2017 (US$ Mn)
2.3. Global Neurovascular Devices Market, by Indication, 2017 (US$ Mn)
2.4. Global Neurovascular Devices Market, by End User, 2017 (US$ Mn)
2.5. Global Neurovascular Devices Market, by Geography, 2017 (US$ Mn)

Chapter 3. Global Neurovascular Devices Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Neurovascular Device Technologies: Market Trends
3.3. Current Scenario: Mergers New Product Launches
3.4. Drivers
3.5. Challenges
3.6. Opportunities
3.7. Attractive Investment Proposition, by Geography, 2017
3.8. Competitive Landscape, by Key Players, 2017

Chapter 4. Global Neurovascular Devices Market, by Type, 2016 2026 (US$ Mn)
4.1. Overview
4.2. Aneurysm Coiling Embolization Devices (Embolic Coils, Flow Diversion Devices)
4.3. Cerebral Balloon Angioplasty Stenting Systems (Stents, Protecting Systems)
4.4. Neurothrombectomy Devices (Aspiration Devices, Snares, Clot Retrievers)
4.5. Support Devices (Catheters, Guidewires)

..toc continued

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