The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s Interventional Neurology Devices And Equipment Global Market Report 2023, the interventional neurology devices and equipment market is expected to show promising growth in the forecast period.

The interventional neurology devices and equipment market has exhibited robust growth, reaching $2.19 billion in 2023 and projecting to hit $2.38 billion in 2024 at a CAGR of 8.7%. Looking ahead, the market is anticipated to surge to $3.28 billion in 2028, fueled by a CAGR of 8.3%. These numbers reflect the dynamic landscape shaped by various factors.

Driving Forces Behind Historical Growth

1. Neurological Disorders on the Rise:
   • Increasing prevalence of neurological disorders contributes to the demand for innovative intervention methods.
2. Aging Population Impact:
   • As the population ages, the incidence of neurological issues rises, emphasizing the need for advanced neurology devices.
3. Stroke Awareness and Diagnosis:
   • A growing emphasis on stroke awareness and improved diagnostic capabilities plays a pivotal role in market expansion.
4. Multidisciplinary Approach:
   • Collaborative efforts across medical disciplines enhance the overall approach to neurological care, driving the market forward.

Anticipated Growth Factors in the Forecast Period

1. Minimally Invasive Procedures:
   • The shift towards minimally invasive treatments is a key driver, offering safer and more effective options for patients.
2. Emerging Markets’ Impact:
   • Growing markets, especially in developing regions, contribute to the market’s upward trajectory.
3. Regulatory Support and Reimbursement:
   • Favorable regulatory environments and reimbursement structures create a conducive atmosphere for market growth.
4. Telehealth and Remote Consultation:
   • The integration of telehealth and remote consultations augments accessibility to neurology services, fostering market expansion.

Noteworthy Trends in the Forecast Period

1. Artificial Intelligence (AI) and Image Analysis:
   • Incorporating AI and advanced image analysis enhances diagnostic capabilities and treatment precision.
2. Robotics and Navigation:
   • The use of robotics and navigation systems improves the accuracy and efficiency of interventional neurology procedures.
3. Patient-Specific Devices:
   • Tailoring devices to individual patient needs reflects a growing trend towards personalized medicine in neurology.
4. Hybrid Operating Rooms:
   • The emergence of hybrid operating rooms signifies a convergence of technologies for comprehensive patient care.

Minimally Invasive Treatments Drive Market Growth
The surge in demand for minimally invasive treatments marks a significant driver in the interventional neurology devices and equipment market. These treatments, characterized by minimal disruption to the body’s tissues, offer safer and more effective options for patients with neurological disorders.

In January 2023, reports from Intuitive Surgical Inc. revealed an 18% increase in surgical procedures using the Vinci Surgical System compared to the previous year. This exemplifies the growing preference for minimally invasive interventions and underscores the market’s momentum.

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Innovative Offerings Shape the Landscape

1. Sentiva DUO: A Breakthrough Treatment Option:
   • Companies like LivaNova Plc. are pioneering innovative products. Sentiva DUO, a new implantable pulse generator, introduces a dual-pin header for vagus nerve stimulation therapy in drug-resistant epilepsy cases.
2. Advantages Over Predecessors:
   • SenTiva DUO surpasses its predecessor with a smaller size, extended battery life, and compatibility with dual-pin leads, expanding treatment options for patients.

Segmentation for In-Depth Analysis

1. By Type:
   • Aneurysm Coiling & Embolization Devices
   • Cerebrospinal Fluid Management Devices
   • Neurothrombectomy Devices
   • Support Devices
2. Aneurysm Coiling & Embolization Devices:
   • Embolic Coils
   • Flow Diversion Devices
   • Liquid Embolic Devices
3. Angioplasty Devices:
   • Carotid Artery Stents
   • Embolic Protection Systems
4. Support Devices:
   • Micro Guide Wires
   • Micro Catheters
5. Neurothrombectomy Devices:
   • Clot Retrieval Devices
   • Suction and Aspiration Devices
   • Snare
6. By End-User:
   • Hospitals
   • Neurology Clinics
   • Ambulatory Care Centers
   • Others

Regional Dominance in 2023
North America asserted its dominance as the largest region in the global interventional neurology devices and equipment market in 2023. This regional stronghold signifies the region’s advanced healthcare infrastructure and significant investments in neurology advancements.

In conclusion, the interventional neurology devices and equipment market’s trajectory is set to witness substantial growth, fueled by a convergence of factors. From the surge in minimally invasive treatments to the introduction of innovative products like Sentiva DUO, the market is poised for a dynamic future, with advancements in technology and patient-centric approaches leading the way.

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