Market Research Future published a research report on Global Neurovascular Devices Market. Global Neurovascular Devices Market Report provide unique information by worldwide ultimate top 10+ players. The Global Research gives Major Regional information by Size, Shares and Demand in Healthcare Sector.
Neurovascular devices are extensively used for the treatment of neurovascular diseases like brain aneurysm, arteriovenous malformations (AVMs), and others. With the increasing Global burden of the neurovascular diseases and rising demand for minimally invasive procedures, the market for neurovascular devices was developed. The market continues to expand on these suitable platforms.
The Global Neurovascular Devices Market is expected to grow at a CAGR of 8.8% during forecast period.
Additionally, factors such as favorable reimbursement policies, and ongoing product development & commercialization drive the market growth. Thus, the Global market for neurovascular devices is expected to grow at an exponential rate during the forecast period. Majority of the market players are focusing on the acquisitions, product launches, and distribution agreements. It was estimated that the NHS spent approximately USD 6.6 billion on neurological conditions from 2012-2013. However, high procedural cost followed by reported cases of injury and the need for physician training is estimated to restrain the market growth during the forecast period. It is reported that the average cost for the treatment of neurovascular devices using flow diversion is estimated to be about USD 24,650.
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Key Players for Global Neurovascular Devices Market
The key players for the Global Neurovascular Devices Market are Stryker, Medtronic, Johnson & Johnson Services, Inc., TERUMO CORPORATION, Abbott, Merit Medical Systems, Inc., Medikit co., ltd., Penumbra, Inc., MicroPort Scientific Corporation, Evasc, Rapid Medical, Neuravi, W. L. Gore & Associates, Inc., OxfordEndovascular, Sensome, Blockade Medical, LLC., Delaware Corporation, Secant Group, LLC, and Gynesonics.
Segments for Global Neurovascular Devices Market
The Global Neurovascular Devices Market is segmented on the basis of product, therapeutic application, and end-user.
On the basis of the product, the market is segmented into aneurysm coiling & embolization devices, neurothrombectomy devices, support device, cerebral balloon angioplasty, and stenting systems. The aneurysm coiling & embolization devices segment is sub-segmented into embolic coils, flow diversion devices, and liquid embolic. The neurothrombectomy devices segment is sub-segmented into retrieval systems, and suction and aspiration devices. The support device segment is sub-segmented into microcatheters and microguidewires. The cerebral balloon angioplasty and stenting systems segment is sub-segmented into carotid artery stents and embolic protection systems. On the basis of the therapeutic application, the market is categorized into hemorrhagic stroke and ischemic strokes. On the basis of the end-users, the market is segmented into hospitals & clinics and ambulatory surgical units.
Regional Analysis for Global Neurovascular Devices Market
The Americas dominate the Global Neurovascular Devices Market. Increasing prevalence of neurovascular diseases like brain aneurysm, arteriovenous malformations (AVMs), besides others followed by growing geriatric population and rising healthcare expenditure are the major drivers of market growth within the region.
Europe holds the second largest Neurovascular Devices Market. Presence of a well-developed healthcare sector, increasing prevalence of the neurovascular diseases are the major drivers for market growth within the region.
Asia Pacific is the fastest growing region for the market due to the presence of a huge patient population, continuously developing economies, and increasing demands for minimally invasive surgeries by the growing geriatric population.
On the other hand, the Middle East & Africa has the least share in the Global Neurovascular Devices Market. Presence of poor economies especially in the Africa region restrains the market growth of the Middle East & Africa. The Middle East holds a major market in the region owing to a well-developed healthcare sector and huge healthcare expenditure by the developed economies.
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Some Brief Table of Contents of Report
Chapter 1. Report Prologue
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
Chapter 2. Research Methodology
2.1.1 Primary Research Methodology
2.1.2 Secondary Research Methodology
2.1.3 Market Share Analysis
2.1.4 Market Pricing Approach
Chapter 3. Market Dynamics
3.2.1 Increasing Prevalence Of Neurovascular Diseases Like Brain Aneurysm, Arteriovenous Malformations (AVMs), And Others, Will Propel The Neurovascular Devices Market
3.2.2 Favourable Reimbursement Policies Provide Favorable Background For Market Growth
3.2.3 Rising Demands For Minimally Invasive Therapeutic Procedures And Growing Geriatric Population Will Drive The Neurovascular Devices Market Growth
3.2.4 Ongoing Product Development & Commercialization Will Boost The Neurovascular Devices Market
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