Neurovascular Devices Market Overview
The latest research study “Neurovascular Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global neurovascular devices market size reached US$ 2.56 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.7 Billion by 2027 exhibiting a growth rate (CAGR) of 6.12% during 2022-2027.
Neurovascular devices are specialized equipment that are used for treating neurological disorders, such as brain aneurysms, atherosclerosis, Dural arteriovenous fistula, etc. They can be categorized into coils, stents, clips, etc. These neurovascular devices prove highly effective in diagnosing and treating multiple types of peripheral and central nervous system ailments. They aid in preventing blood clots and reduce the risk of strokes. Consequently, neurovascular devices find extensive applications across numerous segments of the healthcare sector, including hospitals, ambulatory surgery centers, neurology clinics, etc.
Covid-19 Impact Analysis:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Neurovascular Devices Market Trends and Drivers:
The expanding geriatric population and the increasing prevalence of several neurological diseases across the globe are primarily driving the neurovascular devices market. Besides this, the launch of various favorable policies by government bodies, especially in developing countries, aimed at modernizing the medical infrastructure is acting as another significant growth-inducing factor.
Additionally, the shifting preferences toward minimally invasive surgeries (MIS), owing to multiple benefits that include less postoperative pain, faster recovery time, shortened hospital stay, smaller incision, less scarring, and reduced stress on the immune system, are also positively influencing the global market. Moreover, the rising demand for embolization coils and occlusion devices to treat arteriovenous malformation (AVM) and the inflating investments undertaken by the leading market players in research and development (R&D) activities to ensure technological advancements in neurological devices are further catalyzing the market growth.
Apart from this, the growing number of exclusive hospitals that strive to provide comprehensive treatment options related to brain and spine disorders are expected to propel the neurovascular devices market over the forecasted period
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Neurovascular Devices Market Report Scope |
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Report Coverage |
Details |
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Market size value in 2021 |
US$ 2.56 Billion |
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Market forecast in 2027 |
US$ 3.7 Billion |
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Growth Rate |
CAGR of 6.12% from 2022 to 2027 |
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Base year for estimation |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Product, Application and End user. |
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Regional scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
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Key companies profiled |
AU Optronics Corp., Boe Technology Group Co. Ltd., Canon Inc., EIZO Corporation, Haier Group Corporation, Innolux Corporation, Koninklijke Philips N.V., LG Electronics Inc. (LG Corporation), Panasonic Corporation, Samsung Electronics Co. Ltd., Sharp Corporation and Sony Group Corporation. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product:
- Cerebral Embolization and Aneurysm Coiling Devices
- Embolic Coils
- Flow Diverters
- Liquid Embolic Agents
- Cerebral Angioplasty and Stenting Systems
- Carotid Artery Stents
- Embolic Protection Devices
- Neurothrombectomy Devices
- Clot Retrieval Devices
- Suction Devices
- Vascular Snares
- Support Devices
- Micro Catheters
- Micro Guidewires
Breakup by Application:
- Ischemic Stroke
- Aneurysm
- Arteriovenous Malformation and Fistulas (AVM)
- Stenosis
- Others
Breakup by End User:
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Others
By Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Major Key Players:
The major players in the market are
- Acandis GmbH
- Asahi Intecc Co. Ltd. (TYO: 7747)
- Imperative Care Inc.
- Integer Holdings Corporation
- Johnson & Johnson (NYSE: JNJ)
- Medtronic plc
- MicroPort Scientific Corporation (HKG: 0853)
- Penumbra Inc.
- Perflow Medical Ltd.
- Rapid Medical
- Stryker Corporation (NYSE: SYK)
- Terumo Corporation
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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