Neurovascular Devices Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Neurovascular Devices Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : October, 2020 | Medical Devices | PPT format

Report Digest


Global Neurovascular Devices Market: Snapshot

Over the past decade, neurointerventional techniques have gained increased significance in the management of acute ischemic strokes. Endovascular and microsurgical devices are fast gaining traction as minimally invasive techniques for the management of brain aneurysms. In recent years, advances in balloon- and stent- assisted coiling in endovascular therapies have expanded the options for surgeons and patients in the treatment of aneurysms. The rising morbidity and mortality of various types of strokes, particularly acute ischemic strokes, world over has propelled the demand for endovascular mechanical treatment devices. Endovascular thrombectomy has come to be associated with a higher rate of recanalization and has significantly enhanced clinical outcomes for the management of acute ischemic strokes.

Broad advances in neurovascular-related tools and techniques are further expected to accentuate the market in the coming years. Rising expenditure on improving healthcare infrastructure in various developing nations and favorable reimbursement policies in several developed nations are crucial factors expected to boost the neurovascular devices market in the forthcoming years. In addition, the rising number of clinical trials investigating the viability and efficacy of various neurointerventional techniques for the management of acute ischemic strokes bodes well for the market growth. Furthermore, recent advances in stent retrievers have led to better clinical outcomes in endovascular stroke treatment. In recent years, these stents have shown great promise in decreasing the time to recanalization advancing the treatment of acute ischemic strokes.

Global Neurovascular Devices Market: Overview 

The global market for neurovascular devices is projected to witness robust growth in the next few years. With the expanding pool of patients, healthcare providers and prominent players operating in the global neurovascular devices market are focusing on developing new and effective devices in the near future. The promising opportunities in the emerging economies are projected to fuel the growth of the global neurovascular devices market in the coming few years. 

Global Neurovascular Devices Market: Key Trends 

The rising number of ischemic strokes and brain aneurysm is one of the prominent factors expected to encourage the growth of the global neurovascular devices market in the next few years. In addition, a substantial rise in the demand for surgical processes with minimum invasion and technological developments in this field are anticipated to fuel the growth of the overall market in the coming years. 

On the other hand, the rising need for introducing more effective and low cost therapeutics and the increasing concerns for leading players for commercialization of products are some of the factors predicted to restrict the growth of the global neurovascular devices market in the next few years. Nonetheless, the rising number of initiatives imposed by governments in order to expand and modernize healthcare infrastructure are estimated to supplement the growth of the global neurovascular devices market in the forecast period. 

Global Neurovascular Devices Market: Market Potential 

Technological advancements and the introduction of new products are predicted to create promising opportunities for the key players. In addition, these players are making efforts to create an awareness among patients concerning the availability and other benefits of these devices, which is likely to accelerate the growth of the overall market in the coming years. 

Furthermore, the key end users of neurovascular devices such as ambulatory services, hospitals, and clinics are promoting the use of neurovascular devices. This will encourage the development of the market across the forecast period. 

Global Neurovascular Devices Market: Regional Outlook 

According to the research study, North America is expected to witness substantial growth in the next few years and maintain its leading position in the global neurovascular devices market. In this region, the U.S. is predicted to account for a massive share and is considered as a key contributor, due to the rising prevalence rate of brain aneurysm. The high growth of this region can be attributed to the rising number of technological advancements, favorable medical reimbursements, and high-tech healthcare infrastructure. 

On the other hand, Latin America and Asia Pacific are projected to register a progressive growth rate throughout the forecast period. However, the lack of awareness among patients regarding the availability of neurovascular devices is anticipated to inhibit the growth of the overall market in the coming years. Nonetheless, the advent of new devices and technologies and the increasing efforts by leading players are projected to accelerate the growth of the market in the near future. 

Global Neurovascular Devices Market: Competitive Analysis 

The global neurovascular devices market is a consolidated market with a few number of players operating in it. These players are making notable efforts in order to create a niche for themselves and expand their presence across the globe. Some of the leading players operating in the neurovascular devices market across the globe are Johnson & Johnson (Depuy), Medtronic, Stryker, Terumo, and Penumbra.

Furthermore, the leading players in the global neurovascular devices are focusing on new product development, mergers and acquisitions, and innovations. These aspects are expected to contribute substantially towards the development of the overall market in the coming years. Moreover, the rising competition among players is predicted to encourage the growth of the overall market in the forecast period.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?