Interventional Neurology is a specialized field of neurology that employs minimally invasive surgical techniques such as catheters and radiography to diagnose and treat various central nervous system disorders and diseases including brain aneurysms. Rather than traditional open surgery, interventional neurology utilizes tools that pass through blood vessels to detect and treat conditions. Advanced radiological imaging and 3D technologies are used by interventional neurologists to visualize the affected body parts for accurate diagnosis and treatment.
The projected value of the interventional neurology market worldwide is US$ 2,450.6 million in 2022, with an anticipated compound annual growth rate (CAGR) of 5.3% between 2022 and 2030.
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The market for interventional neurology is projected to grow during the forecast period, driven by the growing incidence of neurological conditions, including strokes and brain aneurysms. The Brain Aneurysm Foundation, an organization that promotes awareness, support, advocacy, and research funding for brain aneurysms, reports that approximately 30,000 people in the United States experience brain aneurysm rupture annually.
Anticipated market growth over the forecast period is expected to be driven by increasing technological advancements in the interventional neurology sector and product approvals by regulatory bodies for advanced devices to key players. A case in point is the announcement made by Koninklijke Philips N.V., a health technology company in May 2022, that it received clearance from the U.S. Food and Drug Administration for its MR 7700 imaging system. With the MR 7700 system, radiologists can achieve high-resolution images that are required for clinical neurology and neuroscience to confidently identify and characterize lesions. The system features an intuitive, user-friendly interface that provides highly efficient radiology workflows and first-time-right scans, with all imaging protocols easily accessible.
The COVID-19 pandemic can have three significant impacts on the economy, including direct effects on the production and demand of drugs and medical devices, disturbances in distribution channels, and transportation issues due to nationwide lockdowns in various countries. This situation has led to difficulties in moving products from one place to another, affecting countries such as China, India, Saudi Arabia, UAE, Egypt, and others.
The COVID-19 pandemic negatively impacted the global interventional neurology market due to a reduction in the rate of interventional radiology (IR) procedures. An article published on PubMed in January 2021 reports a retrospective cross-sectional study conducted in six UK-based centers during the COVID-19 pandemic. The study observed a 31% decline in the overall number of IR procedures during the COVID-19 period (March 30, 2020, to April 26, 2020) in comparison to the control period (March 25, 2019, to April 21, 2019).
Terumo Europe and MicroVention Europe announced in June 2021 that the RoadsaverTM carotid stent system, a next-generation device designed to prevent a plaque protrusion through the struts and provide sustained embolic protection, had been reimbursed. The carotid stent system, which received a positive assessment from the French National Authority for Health (HAS), is expected to offer therapeutic benefits. Terumo Europe offers quality medical products and services, while MicroVention Europe is a neuroendovascular medical device company.
In March 2022, Medtronic’s wholly-owned subsidiary in India, India Medtronic Private Limited, unveiled the launch of Prospective Registry for Assessment of Acute Ischemic Stroke Patients Treated with Neurothrombectomy Devices (PRAAN). The purpose of this post-market registry is to evaluate the clinical outcomes associated with the use of Medtronic’s revascularization devices in patients suffering from acute ischemic stroke.
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✤ Introduction: This section provides background information about the research problem as well as an explanation of why the study was conducted and why it was needed.
✤ Results: In this section, the results of the analysis are presented, along with tables, graphs, and other visual representations that convey the information in a clear and concise way.
✤ Discussion: The purpose of this section is to present an interpretation of the results, and to compare these results with those found in previous research and theories.
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✤ Methodology: This section provides a detailed description of the research design, data collection methods, and sample size. The research design used in this study was a qualitative approach with semi-structured interviews and surveys
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✤ References: In this section, all of the sources used in the research report, including books, journal articles, and online sources, are listed. These sources were consulted to gain an understanding of the subject matter, and provided factual and statistical data which was included in the research report .
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