The global neurointerventional devices market is expected to register healthy growth in terms of revenue in the healthcare industry. Healthcare professionals in ambulatory surgical centers and hospitals prefer minimally invasive technology for neurointerventional treatment.
Attributed to minimally invasive features, embolic coils will witness significant demand in the healthcare and pharmaceutical industry. Neurovascular thrombectomy is expected to register the second-highest revenue growth in the global market.
Adoption of coiling procedures and stenting for the treatment of vascular disorders is predicted to generate high revenues during the predicted period. North America is expected to remain the largest market for neurointerventional devices globally.
Neurointerventional devices are used for the treatment of aneurysms, and ischemic strokes. Attributed to minimally invasive features, healthcare professionals use coiling procedures, cerebral angiography, and stenting technologies for the treatment of vascular diseases in the neck, spine, and head.
Neurointerventional devices witness significant demand in the pharmaceutical and healthcare industry. The growing prevalence of atherosclerosis will also rev up demand for these devices in the healthcare sector.
A recently published report by Fact.MR reveals that the global neurointerventional devices market is expected to represent a value of over US$ 2,000 Mn, registering a robust CAGR growth over the forecast period, 2017 – 2022.
Consumption in Healthcare Industry
Attributed to minimally invasive technology, neurointerventional devices witness significant demand for the treatment of various diseases across the healthcare industry. Treatment of ischemic strokes and brain aneurysms has led to an upsurge in demand for neurological treatment such as clipping and stenting.
Healthcare professionals are increasingly adopting minimally invasive devices for neurological treatment. Bound to such factors, neurointerventional devices are expected to witness significant adoption in the healthcare industry globally.
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Considerable Demand in the Pharmaceutical Industry
Growing prevalence of vascular diseases and atherosclerosis has led to an upsurge in demand for neurointerventional treatment in the healthcare industry. This has led to an upsurge in demand for these devices in the pharmaceutical industry globally.
Moreover, surge in demand for technologically enhanced neurointerventional devices will further witness significant demand in healthcare institutions. This has revved up demand for neurointerventional devices among neurosurgeons, which is expected to impact growth of the global neurointerventional devices market positively.
Atherosclerosis to Fuel Demand for Neurointerventional Devices
Apart from treatment of ischemic strokes and aneurysm, the neurological devices are also used for treatment of vascular diseases. Growing prevalence of atherosclerosis due to building fatty plaque leads to narrow vessels. This vascular disorders adversely affect the kidneys, legs, neck, and stomach arteries. As these arteries are connected with the brain, vascular disorder adversely affects the brain too. Due to such factors, the neurointerventional devices witness significant demand in the healthcare industry.
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Hospitals to Register Significant Growth
Embolic coils will outsell other neurointerventional devices, and is expected to represent a value of over US$ 270 Mn by the end of 2017. North America is predicted to represent the largest market for neurointerventional devices globally.
On the basis of products, balloon neurointerventional devices is expected to register the highest CAGR growth in the global neurointerventional devices market throughout 2022. Neurovascular thrombectomy is expected to register the second highest revenue growth in the global market.
Neurointerventional devices is expected to witness significant demand in the hospitals globally. Hospital is predicted to represent a value of more than US$ 900 Mn by the end of 2022. During the predicted period, this segment will register the highest CAGR as compared to other end users in the global neurointerventional devices market. Ambulatory surgical centers is expected to witness the second highest growth in the global neurointerventional devices market by 2022 – end.
In terms of technology, coiling procedure is expected to register the highest revenue growth in the global neurointerventional devices market. Coiling procedure is predicted to represent a value of more than US$ 300 Mn in 2017. North America will witness considerable demand for coiling procedures in the healthcare industry.
Neurothrombectomy procedure is expected to witness the second highest revenue growth in the global market. This segment is expected to represent a value of more than US$ 100 Mn by the end of 2017.
Coiling procedures, cerebral angiography, and stenting among other technologies will register the highest CAGR growth in the global neurointerventional devices market through 2022. These segments are expected to witness parallel CAGR growth in the global neurointerventional devices market during the predicted period.
Market Players Operating in the Global Market
Major market players operating in the global neurointerventional devices market include
- Boston Scientific Corporation
- Medtronic plc
- St. Jude Medical, Inc.
- Nevro Corp.
- Nuvectra Corporation
- Stimwave Technologies Inc.
- Saluda Medical Pty Ltd.
An Adaptive Approach to Modern-day Research Needs
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Neurointerventional devices witness significant demand among the healthcare professionals attributed to minimally invasive features. The growing prevalence of vascular diseases, ischemic strokes, and aneurysms has revved up demand for neurointerventional devices in the healthcare industry.
Neurointerventional devices will also be used for the treatment of atherosclerosis, which is expected to impact the growth of the global neurointerventional devices market positively. This Fact.MR report analyzes the expansion of the global neurointerventional devices market to date and provides key insights on the growth of the market during the forecast period, 2017-2022.
The scope of Fact.MR’s report is to analyze the global neurointerventional devices market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global neurointerventional devices market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to neurointerventional devices.
The report commences with brief information of the global neurointerventional devices market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global neurointerventional devices market.
The next section offers an overview of the global neurointerventional devices market. This comprises an introduction to the market, along with a standard definition of the product – neurointerventional devices. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global neurointerventional devices market, the report provides updates about market opportunities, which can benefit leading manufacturers of neurointerventional devices. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for neurointerventional device manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.
The Fact.MR report provides segment-wise analysis and forecast for covering the wide scope of the global neurointerventional devices market. Products, end-users, technology, and region are key segments that define the growth of the global market for neurointerventional devices. In this segmentation analysis, a detailed country-wise forecast across all key market parameters is also included.
The report’s last section comprises of the global neurointerventional devices market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global neurointerventional devices market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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