Neurointerventional Devices Market Outlook: Market Trends, Segmentation, Market Growth and Competitive Landscape 2027

The global neurointerventional devices market is anticipated to reach US$ 4,524.34 Mn in 2027 from US$ 2,323.02 Mn in 2018. The market is anticipated to grow with a CAGR of 8.0% from 2019-2027.

The report provides trends prevailing in the global neurointerventional devices market and the factors driving the market along with those that act as hindrances. The market for neurointerventional devices is expected to grow, owing to factors such as a rise in the prevalence of the cerebral aneurysm, and increasing demand for minimally invasive procedures. Moreover, the progressive aging population is likely to have a positive impact on the growth of the market in the coming years.

Company Profiles

Medtronic
Stryker
iVascular S.L.U.
Terumo Corporation
Boston Scientific Corporation
Merit Medical Systems
Penumbra, Inc.
Rapid Medical
MicroPort Scientific Corporation
InspireMD, Inc.

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Rising Prevalence of the Cerebral Aneurysm

Diseases or the disorders of the brain, spine, and the nerves that connect them are termed as neurological diseases. More than 600 conditions of the nervous system, such as epilepsy, brain tumors, stroke, and Parkinson's disease, are found among the population across the globe. In recent years, the prevalence of neurological disorders has increased significantly.

A cerebral aneurysm is referred to as bulging, weakened area present in the wall of an artery in the brain, which results in an abnormal widening, ballooning, or bleb. Because there is a vulnerable spot in the aneurysm wall, there is a risk for rupture (bursting) of the aneurysm. The most commonly observed type of cerebral aneurysm is known as saccular, or berry, aneurysm, which occurs in almost 90 percent of cerebral aneurysms. This type of aneurysm looks similar to a "berry" having a narrow stem. More than one aneurysm may be present.

Progressive Aging Population

The growth of the aging population is poised to become one of the most significant social transformations of the twenty-first century. The number of the geriatric population has been rising at a substantial pace worldwide. As per the data published by the United Nations, in 2017, there were an estimated 962 million people aged 60 or over in the world, which comprised 13 percent of the global population. The geriatric population is expected to grow at a rate of 3% every year.

Global Neurointerventional Devices Market – By Type

Neurovascular Thrombectomy Devices
Neurovascular Stents
Embolic Protection Devices
Intrasaccular Devices
Embolic Coils
Flow Diverters
Liquid Embolics
Balloons
Stent Retrievers

Global Neurointerventional Devices Market – By Technique

Neurothrombectomy
Stenting
Coiling Procedure
Cerebral Angiography
Flow Disruption

Global Neurointerventional Devices Market – By End User

Hospitals
Ambulatory Surgical Centers

BY GEOGRAPHY

North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Asia Pacific (APAC)
China
India
Japan
Australia
South Korea
Middle East & Africa (MEA)
Saudi Arabia
South Africa
UAE
South and Central America
Brazil
Argentina

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This release was published on openPR.