Global Interventional Neurology Devices And Equipment Market Size
Medical Equipment

How Will The Interventional Neurology Devices And Equipment Market Globally Expand In 2023?

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

The Business Research Company’s interventional neurology devices and equipment market report forecasts the interventional neurology devices and equipment market size to grow to $2.97 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

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Interventional Neurology Devices And Equipment Market Size Forecast

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 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The interventional neurology devices and equipment market size is expected to grow to $2.97 billion in 2027 at a CAGR of 8.1%.

North America held the largest interventional neurology devices and equipment market share.

Key Interventional Neurology Devices And Equipment Market Driver ­– Increase In The Patient Population With Neurological Disorders

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.

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Key Interventional Neurology Devices And Equipment Market Trend – Introducing Technological Development Neuroform Atlas Stent System

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 Segment

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

Interventional Neurology Devices And Equipment Market Major Players and Strategies

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.

The Interventional Neurology Devices And Equipment Global Market Report 2023 covers regional data on interventional neurology devices and equipment market size, interventional neurology devices and equipment market trends and drivers, opportunities, strategies, and interventional neurology devices and equipment market competitor 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.

Interventional neurology devices and equipment are used to treat neurovascular diseases such as aneurysms, arteriovenous malformations, cavernous malformations, and stroke.

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