Neurovascular Embolization Devices Market in Focus: Forecasting Growth Drivers, Scaling Potential, and Global Opportunities
Discover trends, market shifts, and competitive outlooks for the neurovascular embolization devices industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Fast Is The Neurovascular Embolization Devices Market Expected to Grow Between 2025 And 2029?
The market size of neurovascular embolization devices has seen robust growth in the past few years. The market, which was worth $1.32 billion in 2024, is projected to escalate to $1.4 billion in 2025, witnessing a compound annual growth rate (CAGR) of 6.2%. Factors such as a higher frequency of neurovascular ailment cases, an uptick in the elderly population, favor towards less invasive medical procedures, betterment in healthcare facilities, and enhanced health expenditure are the primary drivers of growth during the historic period.
In the coming years, the neurovascular embolization devices market is projected to witness significant growth, eventually reaching a value of $1.8 billion by 2029, with a compound annual growth rate (CAGR) of 6.5%. The anticipated growth during this period can be tied to factors such as an increase in applications in new markets, focus on care tailored to the individual patient, growing public knowledge of neurovascular diseases, advancements in imaging technologies, and increased spending on research and development. The forecast period also expects to see several key trends, including personalized treatment strategies, the incorporation of artificial intelligence into treatment plans, the development of advanced embolic materials, a transition towards outpatient and ambulatory procedures, and the creation of novel embolization methods.
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Which Primay Drivers Are Accelerating Growth in the Neurovascular Embolization Devices Market?
The neurovascular embolization devices market is likely to be fueled by an escalation in the frequency of hemorrhages. Hemorrhages, defined as abnormal and unchecked bleeding either inside the body or externally through a rupture in skin or mucous membrane, are becoming increasingly common due to factors including rising elderly populations, higher occurrences of hypertension, and widespread use of anticoagulant medication. Hemorrhagic strokes, when abnormal blood vessels are obstructed by neurovascular embolization devices to lessen bleeding and prevent further brain damage, are one such application. For instance, research conducted by King’s College London, a renowned public research university in the UK, in February 2024 predicts that the count of cases and fatalities from intracerebral hemorrhage (a specific kind of hemorrhage) among the age group of 70 to 95 in the UK is set to surge by 59.4% by 2050. Thus, this surge in hemorrhage prevalence propels the growth of the neurovascular embolization devices market.
How Is the Neurovascular Embolization Devices Market Segmented?
The neurovascular embolization devices market covered in this report is segmented –
1) By Product: Embolization Coils, Liquid Embolic Systems, Flow Diversion Stents, Aneurysm Clips, Other Products
2) By Treatment: Ischemic Stroke Solution, Hemorrhagic Stroke Solutions
3) By Indication: Brain Aneurysms, Arteriovenous Malformation, Other Indications
4) By End User: Hospitals, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Embolization Coils: Detachable Coils, Bare Platinum Coils, Coils With Hydrogel Coatings
2) By Liquid Embolic Systems: Gluteraldehyde-Based Liquid Embolization, Onyx Liquid Embolic System
3) By Flow Diversion Stents: Stents With Dual-Layer Technology, Flow Diverters For Aneurysm Treatment
4) By Aneurysm Clips: Titanium Clips, Stainless Steel Clips
5) By Other Products: Balloons For Embolization, Microcatheters
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Which Regions Are Key Players in the Growth of the Neurovascular Embolization Devices Market?
North America was the largest region in the neurovascular embolization devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neurovascular embolization devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which Technological Trends Are Reshaping the Neurovascular Embolization Devices Industry Dynamics?
Key market players in the field of neurovascular embolization devices are striving to innovate and develop devices equipped with advanced technology, such as shield technology, to treat brain aneurysms effectively and competitively. Shield Technology is geared towards improving the performance and safety of these devices while also ensuring they have a long lifespan and are robust. For instance, in June 2022, healthcare technology firm based in Ireland, Medtronic PLC, introduced the Pipeline Vantage with Shield Technology in India. This fourth-generation flow diverter boasts enhanced design features that aim to increase reliability and usability during endovascular procedures. The device encourages cellular growth in the blood vessels’ inner lining, providing a structure that aids in the non-invasive treatment of aneurysms, minimizes the risk of rupture, and enhances patient results.
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How Is the Neurovascular Embolization Devices Market Defined and What Are Its Core Parameters?
Neurovascular embolization devices are medical instruments used to treat abnormal brain or central nervous blood vessels by blocking or redirecting blood flow. These devices are employed in neuro-interventional procedures to manage conditions such as aneurysms, arteriovenous malformations (AVMs), and arteriovenous fistulas (AVFs) that may risk bleeding or other complications.
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