Global Neuro-interventionalDevices Market, by Product Type (Embolic Coils, Carotid Stents,Intracranial Stents, Neurovascular Thrombectomy Devices, Embolic ProtectionDevices, Flow Diverters Devices, Intrasaccular Devices, Liquid Embolic Devices,Balloon Devices and Stent Retrievers), by End User (Hospitals and Clinics), byTechnique (Neurothrombectomy Procedures, Cerebral Angiography, Stenting CoilingProcedures, and Flow Disruption), and by Region (North America, Latin America,Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued atUS$ 2358.1 million in 2020 and isexpected to exhibit a CAGR of 4.0 % overthe forecast period (2020-2027), as highlighted in a new report published byCoherent Market Insights.
The global neuro-interventionaldevices market is expected to witness significant growth, as key companies arefocusing on strategic mergers and acquisitions to strengthen their position inthe market. For instance, in 2019, Siemens Healthineers AG acquired CorindusVascular Robotics, Inc., the acquisition will aid in the development of advancetechnologies in neuro-interventional procedures.
Global Neuro-interventionalDevices Market – Impact of Coronavirus (Covid-19)
The COVID-19 pandemic hasdrastically affected every market worldwide and it is expected to affect theglobal neuro-interventional device market in the following ways:
Government initiatives to combatthe COVID-19 crisis are expected to hamper the market growth during theforecast period. For instance, according to the Indian Society ofNeuroradiology (ISNR) report published in September 2020, stated thathealthcare professionals and hospitals are facing various challenges, whilefollowing various guidelines and precaution during carrying out interventionalprocedures, the challenges are stated are as follows:
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Ascertaining COVID-19 status ofthe patient before carrying out the interventional procedures, which may leadto time delay for carrying out urgent surgical procedures
Delayed response by the emergencyroom teams, as most of their focus has shifted to other priorities in theCOVID-19 pandemic
Protecting health care workers fromacquiring the infection, especially given the fact that the trained workforcecapable of delivering this specialized service is scarce
Browse 33 Market Data Tables and32 Figures spread through 175 Pages and in-depth TOC on “GlobalNeuro-interventional Devices Market, by Product Type (Embolic Coils, CarotidStents, Intracranial Stents, Neurovascular Thrombectomy Devices, EmbolicProtection Devices, Flow Diverters Devices, Intrasaccular Devices, LiquidEmbolic Devices, Balloon Devices and Stent Retrievers), by End User (Hospitalsand Clinics), by Technique (Neurothrombectomy Procedures, Cerebral Angiography,Stenting Coiling Procedures, and Flow Disruption), and by Region (NorthAmerica, Latin America, Europe, Asia Pacific, Middle East, and Africa)
The global neuro-interventionaldevices market is expected to witness significant growth during the forecastperiod, owing to key companies focusing on technological advancements in theneuro-interventional devices market, in order to strengthen their presence inthe market. For instance, in November 2019, Corindus, a subsidiary of SiemensHealthineers Company, announced that its CorPath GRX System, an interventionaldevice was used to complete the first robotic assisted neurovascularintervention.
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Key Takeaways of the GlobalNeuro-interventional Devices Market:
The global neuro-interventionaldevices market is expected to exhibit a CAGR of 4.0 % over the forecast period,as key companies are focusing on strategies such as mergers and acquisitions
Among product type, neurovascularthrombectomy segment is estimated to hold major market share in 2020, owing torising prevalence of acute ischemic stroke in individuals globally. Accordingto Center of Disease Control and Prevention report published in 2018, statedthat approximately 1 individual out of 6, were died due to stroke globally inyear 2018
Among technique, theneurothrombectomy procedure is estimated to account for major market share in2020, owing to less minimally invasive procedure and also less pain experiencedby patients after neuro-interventional surgery
Key players operating in theglobal neuro-interventional devices market include Stryker Corporation,Penumbra Inc., Medtronic, Johnson & Johnson Private Limited, ImperativeCare, Inc., Anaconda Biomed SL, Insera Therapeutics, Perflow Medical Ltd.,Terumo Corporation, MicroPort, and Rapid Medical Ltd.
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