Market Overview:
The global neurovascular medical devices market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of neurological disorders, technological advancements in neurovascular medical devices, and rising demand for minimally invasive procedures. Based on type, the aneurysm coiling & embolization devices segment is expected to account for the largest share of the global neurovascular medical devices market in 2018. This segment is projected to grow at a CAGR of 8% from 2018 to 2030. The growth in this segment can be attributed to increasing demand for minimally invasive procedures and technological advancements in aneurysm coiling & embolization devices. Based on application, hospitals are expected to account for the largest share of the global neurovascular medical devices market in 2018.
Product Definition:
Neurovascular medical devices are tools used by doctors to diagnose and treat conditions affecting the brain and blood vessels. These devices can include everything from catheters to MRI machines. The importance of neurovascular medical devices lies in their ability to help doctors quickly and accurately diagnose problems in these sensitive areas of the body.
Aneurysm Coiling & Embolization Devices:
Aneurysm Coiling and Embolization (Ace) devices are used for the treatment of intracranial aneurysms. Intracranial aneurysms are bulging or ballooning blood vessels in the brain. These aneurysms can rupture and cause bleeding within the brain, thereby leading to death of brain cells if not treated at the right time.
Cerebral Balloon Angioplasty & Stenting Systems:
Cerebral balloon angioplasty & stenting systems are used for the treatment of cerebral aneurysms and arteriovenous malformations. Cerebral balloon angioplasty is a minimally invasive procedure performed to unblock an artery or a vein in the brain. In this procedure, a catheter is inserted into the blood vessel which is then inflated with air by using a pump attached to it.
Application Insights:
Based on application, the global market is segmented into hospitals, clinics and ambulatory surgical units. The hospital segment dominated the overall market in terms of revenue in 2017. This can be attributed to factors such as an increase in cerebrovascular accidents and rising geriatric population at a global level. According to data published by WHO, it has been estimated that globally around 60-80% of all strokes occur in low- and middle-income countries which accounts for about 2/3 of the total population across these regions. Thus, increasing number of stroke cases coupled with growing healthcare infrastructure leads to higher penetration rate of neurovascular medical devices within a hospital setting thereby contributing towards larger share held by this segment over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and favorable reimbursement policies. Moreover, increasing prevalence of hypertension and stroke is expected to drive regional growth during the forecast period. For instance, as per a recent study published by National Center for Health Statistics (NCHS), in U.S., around 795,000 individuals were diagnosed with stroke annually which increases up to 1 million during peak seasons such as summer and winter months.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to rising medical tourism activities supported by low cost treatment options offered by countries such as India & China & Singapore & Malaysia etc.
Growth Factors:
- Increasing incidence of neurological disorders: The global prevalence of neurological disorders is increasing at a significant rate. This is primarily attributed to the aging population and the rising incidence of lifestyle-associated diseases such as obesity, diabetes, and hypertension. This is expected to drive the demand for neurovascular medical devices in the coming years.
- Technological advancements: The neurovascular medical devices market is witnessing rapid technological advancements, with manufacturers introducing innovative products that offer better treatment outcomes for patients suffering from various neurological conditions. This is likely to boost the demand for neurovascular medical devices in the coming years.
- Growing awareness about stroke prevention: There has been a growing awareness among people about stroke prevention and its early symptoms in recent years. As a result, an increasing number of people are seeking timely treatment for strokes, which is driving demand for neurovascular medical devices worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Neurovascular Medical Devices Market Research Report
By Type
Aneurysm Coiling & Embolization Devices, Cerebral Balloon Angioplasty & Stenting Systems, Support Devices, Neurothrombectomy Devices
By Application
Hospitals, Clinics, Ambulatory Surgical Units
By Companies
Stryker Corporation, Johnson & Johnson, Medtronic, Terumo, Penumbra, Microport Scientific Corporation, Abbott Vascular, W.L. Gore
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
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Neurovascular Medical Devices Market Report Segments:
The global Neurovascular Medical Devices market is segmented on the basis of:
Types
Aneurysm Coiling & Embolization Devices, Cerebral Balloon Angioplasty & Stenting Systems, Support Devices, Neurothrombectomy Devices
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, Clinics, Ambulatory Surgical Units
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:
- Stryker Corporation
- Johnson & Johnson
- Medtronic
- Terumo
- Penumbra
- Microport Scientific Corporation
- Abbott Vascular
- W.L. Gore
Highlights of The Neurovascular Medical Devices 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:
- Aneurysm Coiling & Embolization Devices
- Cerebral Balloon Angioplasty & Stenting Systems
- Support Devices
- Neurothrombectomy Devices
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgical Units
- 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 Medical Devices 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.
How you may use our products:
- Correctly Positioning New Products
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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?
Neurovascular medical devices are medical devices that help to improve blood flow and oxygenation in the brain and other areas of the body. These devices can be used to treat a variety of conditions, including stroke, aneurysm, and cerebral vascular disease.
Some of the major companies in the neurovascular medical devices market are Stryker Corporation, Johnson & Johnson, Medtronic, Terumo, Penumbra, Microport Scientific Corporation, Abbott Vascular, W.L. Gore.
The neurovascular medical devices 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 Medical Devices 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 Medical Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Neurovascular Medical Devices 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 Medical Devices 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 Medical Devices Market Size & Forecast, 2018-2028
4.5.1 Neurovascular Medical Devices Market Size and Y-o-Y Growth
4.5.2 Neurovascular Medical Devices Market Absolute $ Opportunity
Chapter 5 Global Neurovascular Medical Devices 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 Medical Devices Market Size Forecast by Type
5.2.1 Aneurysm Coiling & Embolization Devices
5.2.2 Cerebral Balloon Angioplasty & Stenting Systems
5.2.3 Support Devices
5.2.4 Neurothrombectomy Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Neurovascular Medical Devices 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 Medical Devices Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Ambulatory Surgical Units
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Neurovascular Medical Devices 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 Medical Devices 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 Medical Devices Analysis and Forecast
9.1 Introduction
9.2 North America Neurovascular Medical Devices 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 Medical Devices Market Size Forecast by Type
9.6.1 Aneurysm Coiling & Embolization Devices
9.6.2 Cerebral Balloon Angioplasty & Stenting Systems
9.6.3 Support Devices
9.6.4 Neurothrombectomy Devices
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 Medical Devices Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Ambulatory Surgical Units
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 Medical Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Neurovascular Medical Devices 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 Medical Devices Market Size Forecast by Type
10.6.1 Aneurysm Coiling & Embolization Devices
10.6.2 Cerebral Balloon Angioplasty & Stenting Systems
10.6.3 Support Devices
10.6.4 Neurothrombectomy Devices
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 Medical Devices Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Ambulatory Surgical Units
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 Medical Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Neurovascular Medical Devices 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 Medical Devices Market Size Forecast by Type
11.6.1 Aneurysm Coiling & Embolization Devices
11.6.2 Cerebral Balloon Angioplasty & Stenting Systems
11.6.3 Support Devices
11.6.4 Neurothrombectomy Devices
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 Medical Devices Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Ambulatory Surgical Units
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 Medical Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Neurovascular Medical Devices 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 Medical Devices Market Size Forecast by Type
12.6.1 Aneurysm Coiling & Embolization Devices
12.6.2 Cerebral Balloon Angioplasty & Stenting Systems
12.6.3 Support Devices
12.6.4 Neurothrombectomy Devices
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 Medical Devices Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Ambulatory Surgical Units
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 Medical Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Neurovascular Medical Devices 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 Medical Devices Market Size Forecast by Type
13.6.1 Aneurysm Coiling & Embolization Devices
13.6.2 Cerebral Balloon Angioplasty & Stenting Systems
13.6.3 Support Devices
13.6.4 Neurothrombectomy Devices
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 Medical Devices Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Ambulatory Surgical Units
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 Medical Devices Market: Competitive Dashboard
14.2 Global Neurovascular Medical Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stryker Corporation
14.3.2 Johnson & Johnson
14.3.3 Medtronic
14.3.4 Terumo
14.3.5 Penumbra
14.3.6 Microport Scientific Corporation
14.3.7 Abbott Vascular
14.3.8 W.L. Gore
