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Neurointerventional Devices Market: Technological Augmentation Drives Growth in the Coming Years || key Players: Neurointerventional Devices Market: Technological Augmentation Drives Growth in the Coming Years
Factors Propelling Growth of the Global Market
Increasing prevalence of atherosclerosis and ischemic strokes is expected to rev up demand for neurointerventional devices in the healthcare sector. Surge in preference of minimally invasive procedure among healthcare professionals has further fuelled demand for neurointerventional devices. Such factors are expected to fuel the global market growth of neurointerventional devices market throughout 2022.
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Coiling Procedure to Register Significant Growth
Among other products, balloon is projected to register a relatively high CAGR in the neurointerventional devices market globally through 2022. North America among other regions is projected to represent a major market for the neurointerventional devices in the market globally. Embolic coils is likely to outsell other devices for neurointerventional treatment in the market globally. In 2017, this segment is projected to register a value of over US$ 270 Mn. Neurovascular thrombectomy among other products is projected to witness steady revenue growth after embolic coils in the neurointerventional devices market globally by 2022 – end
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Consumption in Healthcare Industry
Attributed to minimally invasive technology, the neurointerventional devices witness significant demand for treatment of various diseases across the healthcare industry. Treatment of ischemic strokes and brain aneurysm has led to an upsurge in demand for neurological treatment such as clipping and stenting. Healthcare professionals are increasingly adopting minimally invasive devices for neurological treatment. Bound to such factors, the neurointerventional devices is expected to witness significant adoption in the healthcare industry globally.
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Considerable Demand in the Pharmaceutical Industry
Growing prevalence of vascular diseases and atherosclerosis has led to an upsurge in demand for neurointerventional treatment in the healthcare industry. This has led to an upsurge in demand for these devices in the pharmaceutical industry globally. Moreover, surge in demand for technologically enhanced neurointerventional devices will further witness significant demand in healthcare institutions. This has revved up demand for neurointerventional devices among neurosurgeons, which is expected to impact growth of the global neurointerventional devices market positively.
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Major market players operating in the global neurointerventional devices market include Boston Scientific Corporation, Medtronic plc, St. Jude Medical, Inc., Nevro Corp., Nuvectra Corporation, Stimwave Technologies, Inc., and Saluda Medical Pty Ltd.
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