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The interventional neurology devices and equipment market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 7%, as per The Business Research Company’s market report!

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The Interventional Neurology Devices And Equipment Market Size In 2022 And Forecast
The global interventional neurology devices and equipment market grew from $1.79 billion in 2021 to $2 billion in 2022 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The interventional neurology devices and equipment market is expected to grow to $2.69 billion in 2026 at a CAGR of 7.7%.

The interventional neurology devices and equipment market consist of sales of interventional neurology devices which are used to treat neurovascular diseases such as aneurysms, arteriovenous malformations, cavernous malformations, and stroke.

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Increase In The Patient Population With Neurological Disorders Is Driving The Growth Of The Interventional Neurology Devices And Equipment Market
For example, according to the Brain Aneurysm Foundation, it is estimated that in the United States, 6 million people suffer from unruptured brain aneurysms. Also, according to World Health Organization, more than 50 million have epilepsy and over 47 million have dementia. Hence, the rapid increase in the incidence of neurological disorders is slated to boost the market in the forecast period.

Competitive Landscape And The Regional Analysis Of The Interventional Neurology Devices And Equipment Market
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.

Additionally, as per TBRC’s research – North America was the largest region in the interventional neurology devices and equipment market in 2021 holding the largest market share.

The Interventional Neurology Devices And Equipment Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the interventional neurology devices and equipment market.

Technological Development Neuroform Atlas Stent System – A Key Trend In The Interventional Neurology Devices And Equipment Market
Stryker Inc.’s latest technological development Neuroform Atlas Stent System is expected to provide significant results to treat brain aneurysms with embolic coils. The introduction of such technologies would drive the interventional neurological device market in the future. The Atlas stent system provides great support during the coiling procedures and it has been designed s to provide the coil support and wall apposition needed to perform an effective stent-assisted coiling procedure. Neuroform Atlas has enhanced stent conformability, a low-profile delivery system, and high deployment accuracy even in distal anatomy making it the latest choice of the neuro-surgeons, thereby steering the market.

Interventional Neurology Devices And Equipment Market Segmentation By The Business Research Company

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 systems5) Support Devices By Type, Micro guide wires, Micro catheters

6) Neurothrombectomy Devices By Type: CLOT retrieval devices, Suction and aspiration devices, Snares

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