SEATTLE, July 30, 2021, (MEDGADGET) — Global Neuro-interventional Devices Market Analysis
Impact of COVID-19 Pandemic
COVID-19 has spread to over 100 countries worldwide since its occurrence in December 2019, prompting the World Health Organization to declare it a public health emergency. As per a survey published by the World Health Organization, the coronavirus (COVID-19) had affected over 55 million people worldwide as of November 2020.
COVID-19 has already had an impact on the demand for neuro-interventional devices in the following ways:
Several countries’ nationwide lockdowns as a result of the coronavirus pandemic have hampered the development, manufacturing, and delivery of interventional products, as well as the growth of healthcare businesses around the world. These lockdowns also resulted in the closing of all industrial facilities except those that manufacture basic goods, as well as a disruption of product production.
Therefore, the COVID-19 pandemic has had three major effects on the economy: 1) explicit effects on supply and demand; 2) sales chain disruptions; and 3) financial influence on businesses and financial markets.
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Overview
Neuro-intervention treats specific disorders of the blood arteries of the brain, abdomen, and back with minimally invasive, catheter-based therapies. Strokes, brain aneurysms, fistulas, and vascular malformations developed in the brain and spine, as well as carotid artery disorders, are among the most prevalent conditions treated with neuro-interventional instruments. Such health problems treated with neuro-interventional instruments include intermittent ischemic attacks (TIA), cerebral artery stenosis, vertebral artery dysfunction, compression fractures, and venous malformation of the neck and ears.
In 2020, the global neuro-interventional devices market is projected to be worth US$ 2358.1 million, growing at a CAGR of 4.0 percent during the forecast period (2020-2027).
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Driver
Over the forecast period, the rising prevalence of multiple brain disorders such as brain aneurysms is expected to propel the growth of the global neuro-interventional devices market. As per the NINDS’s (National Institute of Neurological Disorders and Stroke) Cerebral Aneurysms Fact Sheet, about 30,000 individuals in the United States suffer from brain aneurysm rupture each year.
Market Taxonomy
- According to the type of product: Stent Retrievers, Intracranial Stents, Embolic Coils, Embolic Protection Devices, Neurovascular Thrombectomy Devices, Intravascular Devices, Flow Diverters Devices, Liquid Embolic Devices, Balloon Devices, and Carotid Stents.
- According to the end-user: Clinics, Hospitals.
- According to the technique: Flow Disruption, Cerebral Angiography, Neurothrombectomy Procedures, and Stenting Coiling Procedures.
Regional Insights
The global neuro-interventional devices market is projected to rise significantly in North America, owing to key players focused on raising funds to increase their product range in the market. Imperative Care, Inc. reported in 2019 that it has closed the first closing of an US$ 85 million series C funding to fund the commercial launch of the company’s medical instruments, which include cutting-edge neurovascular devices used to treat strokes.
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Key Players
Key companies contributing to the global neuro-interventional devices market are Imperative Care, Inc., Johnson & Johnson Private Limited, Medtronic, Penumbra Inc., MicroPort, Stryker Corporation, Rapid Medical Ltd., Terumo Corporation, Perflow Medical Ltd., Insera Therapeutics, and Anaconda Biomed SL.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By End User
- Market Snapshot, By Technique
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Drivers
- Restraints
- Opportunities
- Impact Analysis
- Technological Advancements
- Regulatory Scenario
- Recent Product Launch
- Key Developments
- Acquisition and Collaboration Scenario
- PEST Analysis
- PORTER’S Analysis
- Global Neuro-interventional Devices Market, Impact of COVID-19 Pandemic
- COVID-19 Epidemiology
- COVID-19 Impact
- Global Neuro-interventional Devices Market, By Product Type, 2016-2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017-2027
- Segment Trends
- Embolic Coils
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Carotid Stents
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Intracranial Stents
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Neurovascular Thrombectomy Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Embolic Protection Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Flow Diverters Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Intrasaccular Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Liquid Embolic Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Balloon Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Stent Retrievers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Embolic Coils
- Introduction
- Global Neuro-interventional Devices Market, By End User, 2016–2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Hospitals
- Introduction
- Global Neuro-interventional Devices Market, By Technique, 2016–2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Neurothrombectomy Procedures
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Cerebral Angiography
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Stenting Coiling Procedures
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Flow Disruption
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Neurothrombectomy Procedures
- Introduction
- Global Neuro-interventional Devices Market, By Region, 2016–2027 (US$ Mn)
- Introduction
- Market Share Analysis, By Country, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, For Countries, 2017–2027
- North America
- Introduction
- Market Size and Forecast, By Product Type, 2016–2027 (US$ Mn)
- Market Size and Forecast, By End User, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Technique, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
- The U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2016–2027 (US$ Mn)
- Market Size and Forecast, By End User, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Technique, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Product Type, 2016–2027 (US$ Mn)
- Market Size and Forecast, By End User, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Technique, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2016–2027 (US$ Mn)
- Market Size and Forecast, By End User, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Technique, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Product Type, 2016–2027 (US$ Mn)
- Market Size and Forecast, By End User, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Technique, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
- GCC
- Israel
- Rest of the Middle East
- Africa
- Introduction
- Market Size and Forecast, By Product Type, 2016–2027 (US$ Mn)
- Market Size and Forecast, By End User, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Technique, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country/Region, 2016–2027 (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Company Profiles
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