Exploring Key Insights of the Intracranial Hemorrhage Devices Market: Growth Prospects, Emerging Trends, and Opportunities
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How has the intracranial hemorrhage devices market grown over the years?
Recent years have seen significant growth in the size of the intracranial hemorrhage devices market. The market, which was valued at $1.71 billion in 2024, is expected to rise to $1.80 billion in 2025, representing a compound annual growth rate (CAGR) of 5.5%. This growth pattern observed in the past can be credited to factors such as the rising occurrence of hemorrhagic conditions, favorable government actions, supportive healthcare regulations, increasing incidences of lifestyle diseases, and a higher number of neurological specialty clinics.
What Is the forecasted market size and growth rate for the intracranial hemorrhage devices market?
The market size of intracranial hemorrhage devices is projected to experience significant expansion in the ensuing years, reaching $2.22 billion by 2029, with a compound annual growth rate (CAGR) of 5.3%. This anticipated growth in the forecast period can be linked to numerous factors including a growing incidence of traumatic injuries, a commitment to decrease hospitalization duration, an escalation in wearable monitoring device adoption, a surge in the demand for tailored medicine, and an expanding use of robotics. Noteworthy trends in this forecast period consist of the production of compact devices, improvements in imaging instruments, enhancement in monitoring tools, the emergence of 3D printing in the medical field, and the adoption of machine learning in medical imaging.
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What are the major factors driving growth in the intracranial hemorrhage devices market?
With the increase in incidences of brain disorders, the intracranial hemorrhage devices market is predicted to experience significant growth. Brain disorders encompass a broad spectrum of issues affecting the brain’s structure, function, or chemistry, causing disruption in its usual processes. Factors like advancements in diagnostic tools, growing aging populations, alterations in lifestyle, increased awareness, and heightened stress levels contribute to the growing number of brain disorder cases. Devices for intracranial hemorrhage are implemented for detection, monitoring, and treatment of brain disorders that involve bleeding. They work by identifying hemorrhages, managing intracranial pressure, and eradicating blood clots to hinder further damage to the brain. As an example, in October 2022, the National Institutes of Health, a U.S. governmental agency, estimated that the new cases of primary brain and other Central Nervous System (CNS) tumors in the U.S. were about 93,470 in 2022, with a projected increase to 94,390 in 2023. Therefore, the increasing incidences of brain disorders are driving the growth in the intracranial hemorrhage devices market.
What key areas define the segmentation of the global intracranial hemorrhage devices Market?
The intracranial hemorrhage devices market covered in this report is segmented –
1) By Product Type: Diagnosis, Treatment
2) By Devices: Invasive, Non-Invasive
3) By End Users: Hospitals, Ambulatory Surgical Centres, Other End Users
Subsegments:
1) By Diagnosis: MRI (Magnetic Resonance Imaging) Devices, CT (Computed Tomography) Scanners, Ultrasound Devices, EEG (Electroencephalogram) Devices, Intracranial Pressure Monitors, Blood Gas Analyzers
2) By Treatment: Surgical Instruments (Craniotomy Instruments), Drainage Devices (Ventriculostomy Catheters), Embolization Devices, Hemostatic Agents, Coagulation Devices, Neurostimulation Devices
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What are the top market players propelling the growth of the intracranial hemorrhage devices industry?
Major companies operating in the intracranial hemorrhage devices market are Johnson & Johnson Services Inc., Medtronic Inc., Siemens Healthcare GmbH, Stryker Corporation, General Electric Company, Terumo Corporation, Canon Medical Systems Corporation, Penumbra Inc., MicroPort Scientific Corporation, Aidoc Medical Ltd., Viz.ai Inc., Phenox GmbH, RAPID AI Inc., Acandis GmbH, Kaneka Medix Corporation, Hyperfine Inc., ClearMind Biomedical Inc., InfraScan Inc., Schindler Endoskopie Technologie GmbH, Sense Neuro Diagnostics Inc., MaxQ AI Inc., Invamed Inc.
What are the key trends shaping the future of the intracranial hemorrhage devices market?
Major companies operating in the intracranial hemorrhage devices market are focusing on developing innovative products, such as advanced neuro access devices, to enhance the precision and efficiency of diagnosing and treating brain injuries. Advanced neuro access devices refer to specialized medical tools and technologies designed to facilitate precise access to the brain or nervous system for diagnostic, surgical, or therapeutic purposes. For instance, in June 2024, Penumbra Inc., a US-based medical device company, announced the European launch of its advanced neuro access devices, BMX81 and BMX96. These devices, designed for managing ischemic and hemorrhagic strokes, incorporate innovative laser-cut stainless steel hypotube technology to improve stability and trackability, while enabling larger inner diameters. This launch highlights Penumbra’s commitment to enhancing stroke care in Europe.
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What regions are dominating the intracranial hemorrhage devices market growth?
North America was the largest region in the intracranial hemorrhage devices market in 2024. The regions covered in the intracranial hemorrhage devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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