Market Trends Influencing Strategic Decisions in the Interventional Neurology Devices And Equipment Industry: Innovative Neuroform Atlas Stent System Poised To Drive Interventional Neurological Device Market
Discover trends, market shifts, and competitive outlooks for the interventional neurology devices and equipment industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Has The Interventional Neurology Devices And Equipment Market Size Shifted, And What Is the Outlook Through 2034?
The market size for interventional neurology devices and equipments has seen a significant surge in recent times. It is projected to increase from $2.33 billion in 2024 to $2.54 billion by 2025, with an annual compound growth rate (CAGR) of 8.7%. The expansion during the historic period could be traced back to factors such as prevalence of cardiovascular diseases, aging demographic, patient preference for less invasive procedures, along with clinical guidelines and research.
The market for interventional neurology devices and equipment is forecasted to exhibit robust growth in the coming years, with the market size predicted to reach $3.61 billion in 2029, growing at an annual rate (CAGR) of 9.2%. The anticipated growth during the forecasted period could be due to factors such as the rise of personalized medicine, the integration of telehealth, worldwide healthcare accessibility, and the use of robotic-assisted procedures. Notable trends expected during the forecast period involve sophisticated imaging technologies, the use of artificial intelligence (AI) in interventional cardiology, treatments for complex lesions, and next-generation drug-eluting stents (des).
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What Are the Major Market Drivers Behind the Rising Adoption of Interventional Neurology Devices And Equipment Market?
The spike in neurological disorder incidences is anticipated to fuel the Interventional neurology devices market’s expansion. Neurological ailments such as Alzheimer’s disease, cerebrovascular disease, including stroke, migraines, and other headache disorders, are witnessing a surge. Factors such as the sharp rise in the elderly populace, heightened stress levels in the youth, and traumatic brain injuries from accidents are primarily responsible for these disorders. For example, the Brain Aneurysm Foundation, a US-based brain aneurysm education and awareness entity, approximates that in the United States, around 6 million people are afflicted by unruptured brain aneurysms. Furthermore, the World Health Organization, a US-based health entity, states that over 50 million people globally are living with epilepsy, and in excess of 47 million suffer from dementia. Thus, the escalating prevalence of neurological disorders is set to drive the Interventional neurology devices market’s growth in the future.
Which Key Market Segments Comprise the Interventional Neurology Devices And Equipment Market and Drive Its Revenue Growth?
The interventional neurology devices and equipment market covered in this report is segmented –
1) By Type: Aneurysm Coiling And Embolization Devices, Cerebrospinal Fluid Management Devices, Neurothrombectomy Devices, Support Devices
2) Aneurysm Coiling And Embolization Devices By Type: Embolic coils, Flow diversion devices, Liquid embolic devices
3) Angioplasty Devices by Type: Carotid artery stents, Embolic protection systems
4) Support Devices By Type, Micro guide wires, Micro catheters
5) Neurothrombectomy Devices By Type: CLOT retrieval devices, Suction and aspiration devices, Snare
6) By End-User: Hospitals, Neurology clinics, Ambulatory care centers and others
Subsegments:
1) By Aneurysm Coiling And Embolization Devices: Flow Diverters, Embolic Coils, Liquid Embolics
2) By Cerebrospinal Fluid (CSF) Management Devices: CSF Shunts, CSF Drainage Systems
3) By Neurothrombectomy Devices: Clot Retrievers, Aspiration Devices, Snares
4) By Support Devices: Microcatheters, Guidewires
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Which Areas Are Leading Regions in the Interventional Neurology Devices And Equipment Market Expansion Across the Globe?
North America was the largest region in the global interventional neurology devices and equipment market in 2023. Asia-Pacific was the second-largest region in the interventional neurology devices and equipment market. The regions covered in the interventional neurology devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Which Cutting-Edge Market Trends Are Expected to Drive the Interventional Neurology Devices And Equipment Market’s Growth?
The latest Neuroform Atlas Stent System from Stryker Inc. is set to offer significant outcomes in treating brain aneurysms with embolic coils. The future of the interventional neurological device market will be propelled by the advent of such technologies. The Atlas stent system is a valuable instrument during coiling procedures. It is specifically created to offer the necessary coil support and wall apposition for performing successful stent-assisted coiling processes. The Neuroform Atlas features improved stent conformability, a discreet delivery system, and high precision in deployment even in the most distal anatomy. This makes it the top pick for neurosurgeons, consequently driving the market forward.
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How Is the Interventional Neurology Devices And Equipment Market Conceptually Defined?
Interventional neurology devices are specialized instruments used in minimally invasive treatments for neurological conditions. They include tools such as stents, catheters, and coils, which help in procedures to treat brain aneurysms, stroke, and spinal disorders.
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