Europe Interventional Neurology Devices Market Size study, by Product Type (Cerebral Balloon Angioplasty and Stenting Systems, Neurothrombectomy Devices, Aneurysm Coiling and Embolization Devices, Micro-catheters, Guidewires) by Application (Artery Stenosis, Ischemic Strokes, Brain Aneurysm, Vein Stenosis, Others), and Country Forecast 2022-2032
Europe Interventional Neurology Devices Market is valued approximately at USD XX million in 2023 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2024-2032. Interventional neurology devices represent specialized instruments utilized by neurologists and neurosurgeons to conduct minimally invasive procedures aimed at the brain, spinal cord, and related blood vessels. These encompass a range of devices like neurovascular stents, embolic coils, catheters, embolization tools, neurothrombectomy devices, intracranial stents, neuroendovascular clipping devices, and flow diverters. Their pivotal role lies in addressing conditions such as aneurysms, stroke, intracranial stenosis, and various vascular abnormalities. They offer advantages such as reduced recovery times and enhanced patient outcomes when compared to traditional open surgeries. The rising interest in collaborative efforts between medical device companies, research institutions, and healthcare providers is a major trend for the Europe Interventional Neurology Devices Market. This trend drives innovation and enhance the accessibility of advanced neuro-interventional treatments across Europe.
The increasing incidences of neurological disorders such as stroke, aneurysms, and vascular malformations are fueling the demand for interventional neurology devices. According to the British Epilepsy Association's report from January 2023, the annual incidence of epilepsy was over nine cases per 1,000 individuals. Based on this data, it is estimated that approximately 633,000 individuals are currently living with epilepsy in the UK. Accordingly, there is a greater need for advanced treatment options as the aging population grows contribute to these conditions. Moreover, European regulatory bodies enforce strict quality and safety standards for medical devices. This fosters a market driven by high-performance interventional neurology devices that meet these stringent requirements, ensuring patient safety and device efficacy. However, high cost of devices and stringent regulatory scenario is likely to stifle Europe Interventional Neurology Devices Market growth between 2022 and 2032.
The key countries considered for the Europe Interventional Neurology Devices Market study includes UK, Germany, France, Italy, Spain, and Rest of Europe. In 2023, Germany was the largest market with highest number of market shares as the region have the presence of skilled healthcare professionals, high healthcare standards, and specialized neurology centers. This expertise and infrastructure support the adoption of advanced interventional neurology devices and procedures, driving market demand. Furthermore, Germany's interventional neurology devices market is propelled by advanced healthcare infrastructure, including minimally invasive procedures and innovative devices. Whereas, the market in UK is expected to grow at the fastest rate over the forecast period.
Major market player included in this report are:B. Braun Melsungen AG
Medtronic plc
Acandis GmbH
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The detailed segments and sub-segment of the market are explained below: By Product Type
Cerebral Balloon Angioplasty and Stenting Systems
Neurothrombectomy Devices
Aneurysm Coiling and Embolization Devices
Micro-catheters
Guidewires
By Application
Artery Stenosis
Ischemic Strokes
Brain Aneurysm
Vein Stenosis
Others
By Region:
Europe
UK
Germany
France
Spain
Italy
ROE
Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and Country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
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