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According to our LPI (LP Information) latest study, the global Neurovascular Devices market size was valued at US$ 180.7 million in 2023. With growing demand in downstream market, the Neurovascular Devices is forecast to a readjusted size of US$ 266.4 million by 2030 with a CAGR of 5.7% during review period.
The research report highlights the growth potential of the global Neurovascular Devices market. Neurovascular Devices are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Neurovascular Devices. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Neurovascular Devices market.
Neurovascular Devices refer to the tools that used to pass through the blood vessels to diagnose and treat diseases and conditions of the brain and nervous system rather than using open surgery. Neurovascular Devices comprise a large segment of medical devices, including embolic coils, neurovascular stents (carotid and intracranial stents), intravascular devices, neurothrombectomy devices, flow diverters, embolic protection device, balloons and stent retrievers.
Top players in the neurovascular devices market are Stryker Corporation and Medtronic, Johnson & Johnson, Terumo Corporation, Penumbra, Abbott Laboratories, W. L. Gore & Associates, Microport Scientific Corporation and some others are also key players in this field.
Geographically, the neurovascular devices market is classified into North America, Europe, Japan, China and The Rest. North America dominates the global market, followed by Europe and Japan.
On the basis of product, the neurovascular devices market is classified into four major segmentsaneurysm coiling & embolization devices, cerebral balloon angioplasty & stenting systems, support devices, and neurothrombectomy devices. The aneurysm coiling and embolization devices segment is the largest and accounts for about 37% of the global neurovascular devices market.
Neurovascular devices are widely used in hospitals, clinics and ambulatory surgical units.
Key Features:
The report on Neurovascular Devices market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Neurovascular Devices market. It may include historical data, market Segmentation by Type (e.g., Aneurysm Coiling & Embolization Devices, Cerebral Balloon Angioplasty & Stenting Systems), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Neurovascular Devices market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Neurovascular Devices market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Neurovascular Devices industry. This include advancements in Neurovascular Devices technology, Neurovascular Devices new entrants, Neurovascular Devices new investment, and other innovations that are shaping the future of Neurovascular Devices.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Neurovascular Devices market. It includes factors influencing customer ' purchasing decisions, preferences for Neurovascular Devices product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Neurovascular Devices market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Neurovascular Devices market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Neurovascular Devices market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Neurovascular Devices industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Neurovascular Devices market.
Market Segmentation:
Neurovascular Devices market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
- Aneurysm Coiling & Embolization Devices
- Cerebral Balloon Angioplasty & Stenting Systems
- Support Devices
- Neurothrombectomy Devices
Segmentation by application
- Hospitals
- Clinics
- Ambulatory Surgical Units
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Stryker Corporation
- Johnson & Johnson
- Medtronic
- Terumo
- Penumbra
- Microport Scientific Corporation
- Abbott Vascular
- W. L. Gore & Associates
Key Questions Addressed in this Report
What is the 10-year outlook for the global Neurovascular Devices market?
What factors are driving Neurovascular Devices market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Neurovascular Devices market opportunities vary by end market size?
How does Neurovascular Devices break out type, application?