Neurovascular Devices Market Size, Trends, Analysis, and Outlook By Disease (Cerebral Aneurysm, Ischemic Stroke, Carotid Artery Stenosis, Arteriovenous Malformation & Fistulas, Others), By End-User (Hospitals & Surgical Centers, Ambulatory Care Centers, Research Laboratories, Others), by Country, Segment, and Companies, 2024-2032
The global Neurovascular Devices market size is poised to register 7.9% growth from 2024 to 2032, presenting significant growth prospects for companies operating in the industry. The industry study analyzes the global Neurovascular Devices market across By Disease (Cerebral Aneurysm, Ischemic Stroke, Carotid Artery Stenosis, Arteriovenous Malformation & Fistulas, Others), By End-User (Hospitals & Surgical Centers, Ambulatory Care Centers, Research Laboratories, Others)
The future of the neurovascular devices market is influenced by advancements in endovascular technology, increasing prevalence of stroke and cerebral aneurysms, and growing demand for minimally invasive treatments for neurovascular diseases. Neurovascular devices are used in the diagnosis, treatment, and management of conditions affecting the blood vessels of the brain and spinal cord, including ischemic stroke, hemorrhagic stroke, and intracranial aneurysms. With the rise of mechanical thrombectomy, flow diversion, and stent-assisted coiling techniques, there is a growing interest in neurovascular devices that offer improved recanalization rates, reduced procedure times, and better patient outcomes. Further, technological innovations such as neurovascular stents, embolization coils, and flow diverters are driving the development of next-generation devices with enhanced navigability, deliverability, and conformability. Over the forecast period to 2030, expanding applications in acute stroke intervention, aneurysm repair, and arteriovenous malformation treatment, coupled with increasing collaborations between neurointerventionalists and imaging specialists, are expected to drive market growth and innovation, enabling healthcare providers to improve access to life-saving neurovascular treatments and reduce the burden of neurological disabilities.
Neurovascular Devices Market Drivers, Trends, Opportunities, and Growth Opportunities
This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Neurovascular Devices market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Neurovascular Devices survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Neurovascular Devices industry.
Key market trends defining the global Neurovascular Devices demand in 2024 and Beyond
The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.
Neurovascular Devices Market Segmentation- Industry Share, Market Size, and Outlook to 2032
The Neurovascular Devices industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Neurovascular Devices companies scaling up production in these sub-segments with a focus on expanding into emerging countries.
Key strategies adopted by companies within the Neurovascular Devices industry
Leading Neurovascular Devices companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Neurovascular Devices companies.
Neurovascular Devices Market Study- Strategic Analysis Review
The Neurovascular Devices market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
- Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
- Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
- Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
- Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Neurovascular Devices Market Size Outlook- Historic and Forecast Revenue in Three Cases
The Neurovascular Devices industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three case scenarios- low case, reference case, and high case scenarios.
Neurovascular Devices Country Analysis and Revenue Outlook to 2032
The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2032. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2032.
North America Neurovascular Devices Market Size Outlook- Companies plan for focused investments in a changing environment
The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong healthcare infrastructure. Leading companies focus on new product launches in the changing environment. The US healthcare expenditure is expected to grow to $4.8 trillion in 2024 (around 3.7% growth in 2024), potentially driving demand for various Neurovascular Devices market segments. Similarly, Strong market demand is encouraging Canadian Neurovascular Devices companies to invest in niche segments. Further, as Mexico continues to strengthen its relations and invest in technological advancements, the Mexico Neurovascular Devices market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.
Europe Neurovascular Devices Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities
The German industry remains the major market for companies in the European Neurovascular Devices industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Neurovascular Devices market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.
Asia Pacific Neurovascular Devices Market Size Outlook- an attractive hub for opportunities for both local and global companies
The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Neurovascular Devices in Asia Pacific. In particular, China, India, and South East Asian Neurovascular Devices markets present a compelling outlook for 2032, acting as a magnet for both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.
Latin America Neurovascular Devices Market Size Outlook- Continued urbanization and rising income levels
Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.
Middle East and Africa Neurovascular Devices Market Size Outlook- continues its upward trajectory across segments
Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Neurovascular Devices market potential. Fueled by increasing healthcare expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Neurovascular Devices.
Neurovascular Devices Market Company Profiles
The global Neurovascular Devices market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Acandis GmbH, Asahi Intecc Co. Ltd, Balt Extrusion, Cerus Endovascular Inc, Evasc Medical Systems Corp, Imperative Care Inc, Johnson & Johnson, Kaneka Corp, Lepu Medical Technology (Beijing) Co. Ltd, Medikit Co. Ltd, Medtronic plc, MicroPort Scientific Corp, Penumbra Inc, Perflow Medical Ltd, Phenox GmbH, Rapid Medical, Sensome, Stryker Corp, Terumo Corp, Zylox-Tonbridge Medical Co. Ltd.
Recent Neurovascular Devices Market Developments
The global Neurovascular Devices market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.
Neurovascular Devices Market Report Scope
Parameters: Revenue, Volume Price
Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)
Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)
Qualitative Analysis
- Pricing Analysis
- Value Chain Analysis
- SWOT Profile
- Market Dynamics- Trends, Drivers, Challenges
- Porter’s Five Forces Analysis
- Macroeconomic Impact Analysis
- Case Scenarios- Low, Base, High
Market Segmentation:
By Disease
Cerebral Aneurysm
-Embolic coils
-Flow Diversion Devices
-Microcatheters
-Intracranial Stent
-Guidewires
Ischemic Stroke
-Clot Retrievers Devices
-Suction and Aspiration Devices
-Vascular Snares
-Microcatheter
-Micro guidewires
-Balloon Guide Catheters
Carotid Artery Stenosis
-Carotid Artery Stents
-Embolic Protection Devices
-Balloon Catheters
Arteriovenous Malformation & Fistulas
-Liquid Embolic Agents
-Microcatheters
-Occlusion Balloon Catheters
Others
By End-User
Hospitals & Surgical Centers
Ambulatory Care Centers
Research Laboratories
Others
Geographical Segmentation:
- North America (3 markets)
- Europe (6 markets)
- Asia Pacific (6 markets)
- Latin America (3 markets)
- Middle East Africa (5 markets)
Companies
Acandis GmbH
Asahi Intecc Co. Ltd
Balt Extrusion
Cerus Endovascular Inc
Evasc Medical Systems Corp
Imperative Care Inc
Johnson & Johnson
Kaneka Corp
Lepu Medical Technology (Beijing) Co. Ltd
Medikit Co. Ltd
Medtronic plc
MicroPort Scientific Corp
Penumbra Inc
Perflow Medical Ltd
Phenox GmbH
Rapid Medical
Sensome
Stryker Corp
Terumo Corp
Zylox-Tonbridge Medical Co. Ltd
Formats Available: Excel, PDF, and PPT