Understanding Key Drivers and Growth Opportunities in the Neuroendovascular Coil Market: Trends and Market Size Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Factors Are Propelling the Market Growth of theNeuroendovascular Coil Market from 2025 to 2034?
The neuroendovascular coil market’s expansion is predicted to be fueled by the increasing occurrences of neurovascular diseases. These diseases have an impact on the blood vessels that offer nourishment to the nervous system, often leading to neurological symptoms and complications. Neuroendovascular coils are medically employed to treat these diseases by obstructing or stabilizing abnormal blood vessel configurations, thereby lowering the danger of bleeding or other complications. As per a publication by the National Board of Health and Welfare (Socialstyrelsen), a Governing agency in Sweden, in November 2023, around 26,800 strokes occurred in 2022, affecting approximately 25,100 individuals. The report further stated that 12 percent succumb to death on the same day as the stroke, while 23 percent died within a month, and 34 percent within a year. Consequently, the neuroendovascular coil market is propelled by the increasing prevalence of neurovascular diseases. Increased outlay on healthcare is projected to boost the neuroendovascular coil market’s growth. Healthcare expenditure pertains to the monetary resources allocated to health services, encompassing medical goods and services, public health activities, and administration. The heightened healthcare expenditure is attributed to factors like an aging populace, advancements in medical technologies, inflating pharmaceutical costs, and the incidence rate of chronic diseases. This escalating healthcare expenditure aids the enhancement of neuroendovascular coil technology, promoting innovation, accessibility, and bettering patient results in the treatment of cerebral aneurysms and vascular disorders. In June 2024, Health Affairs, a U.S. based scholarly publication, projected the national healthcare expenditure in the U.S. to rise from $4,799.3 billion in 2023 to $5,048.8 billion in 2024, an upsurge of about $249.5 billion. Hence, the growing healthcare expenditure is augmenting the growth of the neuroendovascular coil market.
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#How Will the CAGR of the Neuroendovascular Coil Market Influence Its Overall Growth by 2034?
The market for neuroendovascular coils has seen substantial growth in past years. From reaching a value of $1.29 billion in 2024, it is projected to rise to $1.4 billion in 2025, reaching an annual compound growth rate (CAGR) of 9.2%. Factors contributing to the impressive growth during the past years include the rise in neurovascular disease cases, an aging population, advancements in diagnostic technologies, the expansion of neurointerventional facilities, initiatives to increase awareness and education, and regulatory approvals and standards.
The market for neuroendovascular coils is projected to experience significant growth in the coming years, expanding to a value of $1.87 billion by 2029, with a 7.4% compound annual growth rate (CAGR). This growth trajectory over the forecast period can be attributed to a consistent increase in neurovascular cases, the expansion of neurointerventional services, emphasis on early intervention, the development of global healthcare infrastructure, trend towards patient-centric care, and international cooperation in research. Key trends anticipated over the forecast period involve the enhancement in detachable neuroendovascular coils, increasing use of liquid embolics, the creation of bioactive and bioabsorbable coils, the incorporation of dual-layer coil technologies, and a focus on flow diverters for treating aneurysms.
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How Are Market Trends and Innovations Revolutionizing theNeuroendovascular Coil Industry in Recent Times?
Major players in the neuroendovascular coil market are concentrating their efforts on the production of unique, soft coils to establish a competitive advantage. Techniques using uniquely shaped, soft coils, such as tetrahedral, in neuroendovascular procedures have improved the treatment of aneurysms by fitting perfectly to vessel anatomy. This has resulted in minimized complications and improved patient outcomes, particularly in challenging cases. As an illustration, Stryker Corporation, an American medical tech firm that produces neuroendovascular coils, rolled out the Target Tetra Detachable Coil in December 2022. This innovative coil, specifically designed for small aneurysms, merges a new tetrahedral shape with softness. It features a dual-purpose design with a distinctive tetrahedral shape for stability in wide-necked aneurysms alongside a soft helical tail. The coil’s strong memory and softness make it an ideal candidate for small aneurysm treatments.
Which Key Market Players Are Shaping the Future and Growth of theNeuroendovascular Coil Market?
Major companies operating in the neuroendovascular coil market report are Cardinal Health Inc., Johnson & Johnson Services Inc., Medtronic PLC, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, Kaneka Neurovascular USA, W.L. Gore & Associates Inc., Cook Group Incorporated, Merit Medical Systems Inc., MicroPort Scientific Corporation, Penumbra Inc., MicroVention Inc., Medikit Co. Ltd., Minnetronix Medical Inc., SurModics Inc., Galen Medical Group P.C, Balt USA LLC, Acandis GmbH, Rapid Medical Ltd., Allium Medical Solutions Ltd., Shape Memory Medical Inc., InnoCore Pharmaceuticals BV, Wuhan HNC Technology Co. Ltd., Neural Co. Ltd., Three Rivers Medical Inc.
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What Are the Core Segments of the Neuroendovascular Coil Market, and How Do They Contribute to Growth?
The neuroendovascular coil market covered in this report is segmented –
1) By Product Type: Guglielmi Detachable Coils (GDCs), Matrix Coils
2) By Indication: Ruptured Aneurysm, Unruptured Aneurysm
3) By Application: Tumor Surgery, Medical Teaching
4) By End User: Hospitals, Ambulatory Surgical Centers (ASCs), Stroke Centers, Other End Users
Subsegments:
1) By Guglielmi Detachable Coils (GDCs): Soft GDCs, Standard GDCs, Detachable GDCs With Various Configurations
2) By Matrix Coils: Soft Matrix Coils, Coated Matrix Coils, Detachable Matrix Coils, Flow Diverter Matrix Coils
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What Regions Are Dominating the Neuroendovascular Coil Market Growth?
North America was the largest region in the neuroendovascular coil market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neuroendovascular coil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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