The global neurovascular devices market size is estimated to
reach USD 3.1 billion by 2026, according to a new report by Grand View
Research, Inc. The market is estimated to expand at a CAGR of 5.3% over the
forecast years. Preference for minimally invasive surgeries in the treatments
of brain aneurysm and stroke is expected to be the key factor augmenting the
market growth.
Technological advancements have
increased life expectancy, leading to a consequent increase in geriatric
population. According to a report published by United Nations, geriatric
population (aged 60 years and above) is projected to increase by 56% from 901 million
in 2015 to 1.4 billion by 2030. Therefore, rise in aging population across the
globe is anticipated to impel the demand for neurovascular devices.
The market holds immense growth
potential, and hence, manufacturers are focus on R&D to develop advanced
products. Technological developments in the field of neurovascular therapy,
such as development of GORE TIGRIS by W L Gore and SpiderFX distal filter
embolic protection device by Medtronic, are expected to serve as a high impact
rendering driver.
North America was the largest regional
market in 2018 in terms of revenue and is expected to continue its dominance
through the forecast period. Asia Pacific is anticipated to be the
fastest-growing region with a CAGR of 6.0% in the estimated time. Wide adoption
of innovative treatment approaches and growing per capita income, especially in
the developing economies, are boosting the market growth in this region.
Browse full research report on Neurovascular Devices Market: https://www.grandviewresearch.com/industry-analysis/neurovascular-devices-market
Further key findings from the study suggest:
- Cerebral embolization and aneurysm coiling devices accounted
for the majority of the global market share in 2018
- In 2018, stroke was estimated to be the most prevalent
therapeutic application for neurovascular devices
- Cerebral aneurysm is projected to be the fastest-growing
therapeutic application with a CAGR of 6.0% during the forecast period
- Japan is a major revenue-generator in Asia Pacific region as
nearly one in three Japanese people are older than 60 years
- Key companies in this market include Abbott Laboratories; W.
L. Gore & Associates, Inc.; Medtronic, Inc.; Stryker Corporation; and
Merit Medical Systems, Inc.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/neurovascular-devices-market/request/rs1
Grand View Research has segmented the global neurovascular devices
market on the basis of device type, therapeutic applications, and region:
Neurovascular Device Type (Revenue, USD Million, 2014 - 2026)
- Cerebral
Embolization and Aneurysm Coiling
- Embolic
Coils
- Flow
Diversion
- Liquid
Embolic Agents
- Cerebral
Angioplasty and Stenting Systems
- Carotid
Artery Stents
- Embolic
Protection Systems
- Neurothrombectomy
- Clot
Retrieval
- Suction
- Vascular
Snares
- Support
- Micro
Catheters
- Micro
Guidewires
Neurovascular Devices Therapeutic Application Outlook
(Revenue, USD Million, 2014 - 2026)
- Stroke
- Cerebral
Artery Stenosis
- Cerebral
Aneurysm
- Others
Neurovascular Devices Regional Outlook (Revenue, USD Million,
2014 - 2026)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Spain
- France
- Italy
- Asia
Pacific
- Japan
- India
- South
Korea
- China
- Australia
- Latin
America
- Brazil
- Mexico
- Argentina
- Middle
East & Africa
- South
Africa
- UAE
- Saudi
Arabia
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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