Market Overview:
The global nerve interventional device market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of neurological disorders, technological advancements in nerve interventional devices, and rising demand for minimally invasive procedures. Based on type, the global nerve interventional device market is segmented into microcatheter, spring coil, bracket, bolt removal bracket system (BRBS), distal access catheter (DAC), and other devices. The microcatheter segment is expected to account for the largest share of the global nerve interventional device market in 2018. This segment is projected to grow at a CAGR of 7.8% during the forecast period from 2018 to 2030 due to its high adoption rate across various applications and regions owing to its small size and ability navigate through tight spaces within blood vessels. Based on application, the global nerve interventional device market is divided into hospitals, ambulatory centers, and others (including research institutes). The hospitals segment accounted for majority share of revenue generated by this market in 2017 owingto increased useof these devicesfor treatmentof neurological disordersin this setting .The ambulatory centerssegmentis projectedtogrowat aCAGRof7 .
Product Definition:
Nerve Interventional Device (NID) is a medical device used to relieve compression of the nerves. It is inserted through a small incision and positioned over the compressed nerve. The NID uses gentle pressure to open up the space around the nerve and relieve compression.
Microcatheter:
Microcatheter is a small, hollow tube that is inserted into the blood vessels of the body. It can be used to treat diseases such as peripheral artery disease, aneurysms and atherosclerosis. Microcatheters are also used in minimally invasive procedures for various interventional cardiology applications including angioplasty and Percutaneous Coronary Intervention (PCI) or coronary angioplasty.
Spring Coil:
The spring coil is a flexible, coiled wire made of stainless steel that is used in interventional procedures. It has several advantages over the traditional devices such as catheters and guidewires including its ability to be deployed in smaller sized vessels, it can also be used for peripheral interventions and it provides more control while deploying. The increasing prevalence of chronic diseases such as diabetes, cardiovascular disorders & hypertension coupled with rising geriatric population base across the globe are some vital drivers for this market.
Application Insights:
Based on application, the global nerve interventional device market is segmented into hospitals, ambulatory centers, and others. The hospital segment dominated the market in 2017 owing to factors such as a high prevalence of chronic diseases that require long-term treatment and management by a healthcare professional. According to WHO, in 2016 about 1 billion people were living with diabetes and this number is expected to reach about 2 billion by 2050. Thus, an increase in patient base requiring diabetic neuropathy care will boost product demand over the forecast period.
The other application segment includes clinics/dental offices equipped with advanced technologies for treating patients suffering from neurological disorders or conditions such as Parkinson¢â‚¬â„¢s disease or multiple sclerosis which require medical intervention for better management of symptoms. Increasing awareness among individuals regarding these conditions coupled with rising availability of advanced diagnostic equipment at relatively low costs are some key factors driving growth in this segment during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as favorable reimbursement policies, rising geriatric population, and increasing prevalence of diabetes and cardiovascular diseases. The U.S., which is the most developed country in North America, accounted for a major share owing to its well-developed healthcare infrastructure and advanced treatment procedures for various disorders including neurovascular disorders.
Growth Factors:
- Increasing incidence of neurological disorders: The global prevalence of neurological disorders is increasing at an alarming rate. This is primarily due to the aging population and the increased incidence of chronic diseases such as stroke, Alzheimer’s disease, and Parkinson’s disease. As a result, there is an increasing demand for nerve interventional devices to treat these conditions.
- Technological advancements: The development of novel technologies has led to the introduction of advanced nerve interventional devices that are more effective and safer than traditional devices. This is driving the growth of the market as hospitals and clinics are increasingly adopting these new devices for their patients.
- Growing awareness about neurovascular diseases: There is a growing awareness among people about neurovascular diseases such as stroke and how they can be treated using nerve interventional devices. This has led to an increase in demand for these devices worldwide, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Nerve Interventional Device Market Research Report
By Type
Microcatheter, Spring Coil, Bracket, Bolt Removal Bracket System, Distal Access Catheter, Other
By Application
Hospitals, Ambulatory Centers, Others
By Companies
Medtronic, Penumbra, Stryker, Terumo, Johnson & Johnson, Boston Scientific, Peijia Medical Limited, Micro Port, Sino Medical Sciences Technology, Shanghai Kindly Medical Instruments
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Nerve Interventional Device Market Report Segments:
The global Nerve Interventional Device market is segmented on the basis of:
Types
Microcatheter, Spring Coil, Bracket, Bolt Removal Bracket System, Distal Access Catheter, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Penumbra
- Stryker
- Terumo
- Johnson & Johnson
- Boston Scientific
- Peijia Medical Limited
- Micro Port
- Sino Medical Sciences Technology
- Shanghai Kindly Medical Instruments
Highlights of The Nerve Interventional Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Microcatheter
- Spring Coil
- Bracket
- Bolt Removal Bracket System
- Distal Access Catheter
- Other
- By Application:
- Hospitals
- Ambulatory Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Nerve Interventional Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A nerve interventional device (NID) is a medical device that helps to treat nerve damage. NIDs can be used to help restore function in damaged nerves, or to prevent further damage from occurring.
Some of the major players in the nerve interventional device market are Medtronic, Penumbra, Stryker, Terumo, Johnson & Johnson, Boston Scientific, Peijia Medical Limited, Micro Port, Sino Medical Sciences Technology, Shanghai Kindly Medical Instruments.
The nerve interventional device market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nerve Interventional Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Nerve Interventional Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nerve Interventional Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Nerve Interventional Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Nerve Interventional Device Market Size & Forecast, 2018-2028
4.5.1 Nerve Interventional Device Market Size and Y-o-Y Growth
4.5.2 Nerve Interventional Device Market Absolute $ Opportunity
Chapter 5 Global Nerve Interventional Device Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Nerve Interventional Device Market Size Forecast by Type
5.2.1 Microcatheter
5.2.2 Spring Coil
5.2.3 Bracket
5.2.4 Bolt Removal Bracket System
5.2.5 Distal Access Catheter
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Nerve Interventional Device Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Nerve Interventional Device Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Centers
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nerve Interventional Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Nerve Interventional Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Nerve Interventional Device Analysis and Forecast
9.1 Introduction
9.2 North America Nerve Interventional Device Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Nerve Interventional Device Market Size Forecast by Type
9.6.1 Microcatheter
9.6.2 Spring Coil
9.6.3 Bracket
9.6.4 Bolt Removal Bracket System
9.6.5 Distal Access Catheter
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Nerve Interventional Device Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Centers
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Nerve Interventional Device Analysis and Forecast
10.1 Introduction
10.2 Europe Nerve Interventional Device Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Nerve Interventional Device Market Size Forecast by Type
10.6.1 Microcatheter
10.6.2 Spring Coil
10.6.3 Bracket
10.6.4 Bolt Removal Bracket System
10.6.5 Distal Access Catheter
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Nerve Interventional Device Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Centers
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Nerve Interventional Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nerve Interventional Device Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Nerve Interventional Device Market Size Forecast by Type
11.6.1 Microcatheter
11.6.2 Spring Coil
11.6.3 Bracket
11.6.4 Bolt Removal Bracket System
11.6.5 Distal Access Catheter
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Nerve Interventional Device Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Centers
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Nerve Interventional Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Nerve Interventional Device Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Nerve Interventional Device Market Size Forecast by Type
12.6.1 Microcatheter
12.6.2 Spring Coil
12.6.3 Bracket
12.6.4 Bolt Removal Bracket System
12.6.5 Distal Access Catheter
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Nerve Interventional Device Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Centers
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Nerve Interventional Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nerve Interventional Device Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Nerve Interventional Device Market Size Forecast by Type
13.6.1 Microcatheter
13.6.2 Spring Coil
13.6.3 Bracket
13.6.4 Bolt Removal Bracket System
13.6.5 Distal Access Catheter
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Nerve Interventional Device Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Centers
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Nerve Interventional Device Market: Competitive Dashboard
14.2 Global Nerve Interventional Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Penumbra
14.3.3 Stryker
14.3.4 Terumo
14.3.5 Johnson & Johnson
14.3.6 Boston Scientific
14.3.7 Peijia Medical Limited
14.3.8 Micro Port
14.3.9 Sino Medical Sciences Technology
14.3.10 Shanghai Kindly Medical Instruments
