San Francisco, 22 April , Neurovascular Devices Market Size, Share & Trends Analysis Report
By Therapeutic Application (Stroke, Cerebral Artery Stenosis, Cerebral
Aneurysm), By Device Type, By Region, And Segment Forecasts, 2019 - 2026
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.
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Report On Neurovascular Devices Market Analysis:
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 More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/medical-devices
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
o
Embolic Coils
o
Flow Diversion
o
Liquid Embolic Agents
·
Cerebral Angioplasty and
Stenting Systems
o
Carotid Artery Stents
o
Embolic Protection Systems
·
Neurothrombectomy
o
Clot Retrieval
o
Suction
o
Vascular Snares
·
Support
o
Micro Catheters
o
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
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
o
Spain
o
France
o
Italy
·
Asia Pacific
o
Japan
o
India
o
South Korea
o
China
o
Australia
·
Latin America
o
Brazil
o
Mexico
o
Argentina
·
Middle East & Africa
o
South Africa
o
UAE
o
Saudi Arabia
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-neurovascular-devices-market-size-report
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.
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