Interventional Neurology Devices And Equipment Market Forecast 2023-2032: Size, Key Players And Segments
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
North America held the largest interventional neurology devices and equipment market share.
The global interventional neurology devices and equipment market is expected to grow from $1.99 billion in 2022 to $2.17 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The interventional neurology devices and equipment market size is expected to grow to $2.97 billion in 2027 at a CAGR of 8.1%.
Major Driver In The Interventional Neurology Devices And Equipment Market – Increase In The Patient Population With Neurological Disorders
According to the Brain Aneurysm Foundation, it is believed that 6 million people in the United States have unruptured brain aneurysms. Furthermore, the World Health Organisation estimates that more than 50 million people have epilepsy and over 47 million have dementia. As a result, the rapid rise in the incidence of neurological illnesses is expected to drive the market throughout the forecast period.
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Key Interventional Neurology Devices And Equipment Market Segments
1) By Type: Aneurysm Coiling & Embolization Devices, Cerebrospinal Fluid Management Devices, Neurothrombectomy Devices, Support Devices
2) By End-User: Hospitals, Neurology clinics, Ambulatory care centers and others
3) Aneurysm Coiling & Embolization Devices By Type: Embolic coils, Flow diversion devices, Liquid embolic devices
4) Angioplasty Devices by Type: Carotid artery stents, Embolic protection systems
5) Support Devices By Type, Micro guide wires, Micro catheters
6) Neurothrombectomy Devices By Type: CLOT retrieval devices, Suction and aspiration devices, Snares
Recent Interventional Neurology Devices And Equipment Market Trend – Technological Development Neuroform Atlas Stent System
Stryker Inc.’s most recent technological advancement, the Neuroform Atlas Stent System, is predicted to yield significant results in the treatment of brain aneurysms with embolic coils. In the future, the development of such technologies will fuel the interventional neurological device industry. The Atlas stent system is designed to offer the coil support and wall apposition required to undertake an efficient stent-assisted coiling technique and provides excellent support during coiling treatments. The Neuroform Atlas has improved stent conformability, a low-profile distribution method, and great deployment accuracy even in distal anatomy, making it the most recent choice of neuro-surgeons and thereby driving the market.
Interventional Neurology Devices And Equipment Market Prominent Players
Major players in the interventional neurology devices and equipment market are Medtronic, Stryker, Terumo Corporation, Penumbra, COVIDien, Abbott, Merit Medical Systems, Johnson & Johnson Services Inc., W. L. Gore & Associates, and Bayer AG.
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The Interventional Neurology Devices And Equipment Global Market Report 2023 provides a comprehensive overview on the interventional neurology devices and equipment market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the interventional neurology devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Neurovascular illnesses such as aneurysms, arteriovenous malformations, cavernous malformations, and stroke are treated with interventional neurology devices and equipment.
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