Market Overview:
The global neurovascular embolization device market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to factors such as rising incidence of neurological disorders, technological advancements in neurovascular embolization devices, and increasing demand for minimally invasive procedures. Based on type, the global neurovascular embolization device market is segmented into embolization coils, flow diversion stents, liquid embolic systems, and aneurysm clips. The embolization coils segment is expected to account for the largest share of the global neurovascular embolization device market in 2018. This can be attributed to the increasing use of these devices for treating various neurological disorders such as cerebral aneurysms and arteriovenous malformations (AVMs).
Product Definition:
A neurovascular embolization device is a medical device that is used to block or close off blood vessels in the brain. This can be done to treat conditions such as an aneurysm, when there is a bulge in a blood vessel that can rupture and cause bleeding, or to stop the flow of blood to a tumor.
Embolization Coils:
Embolization coils are used in neurovascular and peripheral vascular procedures. They are also used in the treatment of Deep Vein Thrombosis (DVT) and pulmonary embolism. The primary function of an embolectomy coil is to act as a support system for the catheter during insertion into blood vessels or lungs, thereby helping maintain its position while delivering radiation on the target vessel or lung tissue.
Flow Diversion Stents:
Flow diversion stents are used to divert blood flow from a tumor or an infected area away from healthy tissues. It is also used in the treatment of cerebral aneurysms, carotid artery disease, and peripheral artery disease. Flow diversion stents include two components: a catheter and a balloon that is inserted into the blocked vessel where the catheter releases drugs which widen the aneurysm wall allowing blood flow through it again.
Application Insights:
Based on application, the global market is segmented into hospital-based, school of medicine based and others. The hospital-based segment dominated the overall market in terms of revenue in 2017. This can be attributed to factors such as availability of advanced equipment at hospitals that are equipped with neurovascular units for treating life threatening conditions associated with brain aneurysms and other vascular disorders.
The increasing prevalence of neurological disorders coupled with rising geriatric population across the globe is expected to drive demand over the forecast period. According to WHO, it has been estimated that by 2050 there will be approximately 1 billion people above 60 years old globally which in turn is anticipated to boost demand for these devices during this period (2030 - 2049).
On basis of geography, the global market has been divided into North America, Europe, Asia Pacific.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, increasing prevalence of cardiovascular diseases and cerebrovascular disorders, presence of well-established healthcare facilities in the region, and availability of highly skilled neurovascular embolization surgeons. Moreover, growing number of research studies conducted on NVES is also one among the major factors responsible for regional growth.
Asia Pacific is expected to witness lucrative growth over the forecast period due to rising incidence rates of various neurological disorders coupled with improving healthcare infrastructure in this region. In addition, increasing awareness about NVES procedures as a treatment option will drive demand further. Furthermore, government initiatives such as “Hospital Efficient Management†program by Ministry Of Health And Family Welfare (MoHFW) are anticipated to help improve hospital management practices which will ultimately drive demand for medical devices over next eight years.
Growth Factors:
- Increasing incidence of stroke: The number of people affected by stroke is increasing at an alarming rate. This is mainly due to the aging population and lifestyle changes. According to the World Health Organization, stroke is one of the leading causes of death and disability worldwide. In 2015, there were around 15 million strokes globally, resulting in 5.5 million deaths and another 5 million people becoming permanently disabled. The number of strokes is expected to increase further in the coming years due to the aging population and growing prevalence of risk factors such as obesity, hypertension, diabetes mellitus, etc
- Rising demand for minimally invasive procedures: There has been a shift towards minimally invasive procedures in recent years due to their many advantages over traditional open surgery such as shorter hospital stay time, reduced pain & blood loss, faster recovery time & return to normal activities etc. Neurovascular embolization devices are increasingly being used for minimally invasive procedures as they offer several benefits over other treatment options such as less invasiveness and lower risk of complications etc
- Technological advancements: The neurovascular embolization device market is witnessing rapid technological advancements with new products being launched regularly into the marketplaces These devices are becoming more sophisticated with each passing year offering better patient outcomes They are also becoming more affordable which will help drive their adoption rates among healthcare providers worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Neurovascular Embolization Device Market Research Report
By Type
Embolization Coils, Flow Diversion Stents, Liquid Embolic Systems, Aneurysm Clips
By Application
Hospital, School Of Medicine, Other
By Companies
Medtronic, Stryker, Terumo, Johnson & Johnson Services, Penumbra, Balt Extrusion, B. Braun Melsungen, Integra LifeSciences, Resonetics, Acandis, Medtronic
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
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Neurovascular Embolization Device Market Report Segments:
The global Neurovascular Embolization Device market is segmented on the basis of:
Types
Embolization Coils, Flow Diversion Stents, Liquid Embolic Systems, Aneurysm Clips
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
Hospital, School Of Medicine, Other
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
- Stryker
- Terumo
- Johnson & Johnson Services
- Penumbra
- Balt Extrusion
- B. Braun Melsungen
- Integra LifeSciences
- Resonetics
- Acandis
- Medtronic
Highlights of The Neurovascular Embolization 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:
- Embolization Coils
- Flow Diversion Stents
- Liquid Embolic Systems
- Aneurysm Clips
- By Application:
- Hospital
- School Of Medicine
- Other
- 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 Neurovascular Embolization 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 neurovascular embolization device is a medical device that helps to block blood flow from an artery or vein. This can help to reduce the risk of stroke or other serious complications.
Some of the major players in the neurovascular embolization device market are Medtronic, Stryker, Terumo, Johnson & Johnson Services, Penumbra, Balt Extrusion, B. Braun Melsungen, Integra LifeSciences, Resonetics, Acandis, Medtronic.
The neurovascular embolization 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 Neurovascular Embolization 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 Neurovascular Embolization Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Neurovascular Embolization 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 Neurovascular Embolization 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 Neurovascular Embolization Device Market Size & Forecast, 2018-2028
4.5.1 Neurovascular Embolization Device Market Size and Y-o-Y Growth
4.5.2 Neurovascular Embolization Device Market Absolute $ Opportunity
Chapter 5 Global Neurovascular Embolization 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 Neurovascular Embolization Device Market Size Forecast by Type
5.2.1 Embolization Coils
5.2.2 Flow Diversion Stents
5.2.3 Liquid Embolic Systems
5.2.4 Aneurysm Clips
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Neurovascular Embolization 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 Neurovascular Embolization Device Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 School Of Medicine
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Neurovascular Embolization 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 Neurovascular Embolization 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 Neurovascular Embolization Device Analysis and Forecast
9.1 Introduction
9.2 North America Neurovascular Embolization 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 Neurovascular Embolization Device Market Size Forecast by Type
9.6.1 Embolization Coils
9.6.2 Flow Diversion Stents
9.6.3 Liquid Embolic Systems
9.6.4 Aneurysm Clips
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 Neurovascular Embolization Device Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 School Of Medicine
9.10.3 Other
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 Neurovascular Embolization Device Analysis and Forecast
10.1 Introduction
10.2 Europe Neurovascular Embolization 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 Neurovascular Embolization Device Market Size Forecast by Type
10.6.1 Embolization Coils
10.6.2 Flow Diversion Stents
10.6.3 Liquid Embolic Systems
10.6.4 Aneurysm Clips
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 Neurovascular Embolization Device Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 School Of Medicine
10.10.3 Other
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 Neurovascular Embolization Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Neurovascular Embolization 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 Neurovascular Embolization Device Market Size Forecast by Type
11.6.1 Embolization Coils
11.6.2 Flow Diversion Stents
11.6.3 Liquid Embolic Systems
11.6.4 Aneurysm Clips
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 Neurovascular Embolization Device Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 School Of Medicine
11.10.3 Other
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 Neurovascular Embolization Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Neurovascular Embolization 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 Neurovascular Embolization Device Market Size Forecast by Type
12.6.1 Embolization Coils
12.6.2 Flow Diversion Stents
12.6.3 Liquid Embolic Systems
12.6.4 Aneurysm Clips
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 Neurovascular Embolization Device Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 School Of Medicine
12.10.3 Other
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) Neurovascular Embolization Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Neurovascular Embolization 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) Neurovascular Embolization Device Market Size Forecast by Type
13.6.1 Embolization Coils
13.6.2 Flow Diversion Stents
13.6.3 Liquid Embolic Systems
13.6.4 Aneurysm Clips
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) Neurovascular Embolization Device Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 School Of Medicine
13.10.3 Other
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 Neurovascular Embolization Device Market: Competitive Dashboard
14.2 Global Neurovascular Embolization Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Stryker
14.3.3 Terumo
14.3.4 Johnson & Johnson Services
14.3.5 Penumbra
14.3.6 Balt Extrusion
14.3.7 B. Braun Melsungen
14.3.8 Integra LifeSciences
14.3.9 Resonetics
14.3.10 Acandis
14.3.11 Medtronic
