Global Neurointerventional Devices Market Size & Share to 2027
Global Neurointerventional Devices Market Size, Trends & Growth Opportunity, By Type (Neurovascular Thrombectomy Devices, Neurovascular Stents, Embolic Coils, Intrasaccular Devices, Liquid Embolics, Flow Diverters), by Technique (Neurothrombectomy, Coiling Procedure,Stenting, Cerebral Angiography), By End User, By Region and Forecast till 2027
Global Neurointerventional Devices Market
Neurointerventional devices are used for neurointervention procedure which is minimally invasive treatment for disorders of the blood vessels in the brain and the spine. It is minimally invasive campared to other conventional modes of treatment and offer shorter recovery time, less pain, and fewer complications after procedure is done.
Market Drivers
The rise in prevalence of brain aneurysm is the key driving factor which is expected to boost the global neurointerventional devices market growth. For instant, as per the Cerebral Aneurysms fact sheet, National Institute of Neurological Disorders and Stroke, May 2018, around 30,000 people suffering from brain aneurysm rupture, annually in U.S. Furthermore, rise in cases of Traumatic Brain injuries will positively influence the market growth. Also, increase in technological advancements in Embolic coil devices to expand revenue tool is expected to propel the global neurointerventional devices market growth. In addition to that, increase in product approval activities by regulatory authorities will fuel the market growth over the forecast period. For instance, in 2019, Shape Medical’s TrelliX Embolic Coil had received CE mark for intracranial aneurysms and other neurovascular abnormalities like arteriovenous fistulae.
Market Restraints
However, high cost of neurointerventional devices is the major challenging factor for market which is expected to hinder the global neurointerventional devices market growth. Also, recently launch devices have severely criticized for their performance which is expected to hamper the market growth.
Market Segmentation
Global Neurointerventional Devices Market is segmented into type such as Neurovascular Thrombectomy Devices, Neurovascular Stents, Embolic Coils, Intrasaccular Devices, Liquid Embolics, Flow Diverters, Balloons, Embolic Protection Devices, and Stent Retrievers, by technique such as Neurothrombectomy, Coiling Procedure, Stenting, Cerebral Angiography, and Flow Disruption. Further, market is segmented into end user such as Hospitals, and Ambulatory Surgical Centers.
Also, Global Neurointerventional Devices Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market key Players
Various key players are discussed in this report such as Medtronic, Stryker Corporation, Penumbra Inc., Johnson & Johnson Private Limited, Anaconda Biomed S.L, Imperative Care Inc., Perflow Medical, Insera Therapeutics, Inc.,and Terumo Corporation.
Market Taxonomy
By Type
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