Neurovascular Devices Market Research Report: By Product (Aneurysm Coiling & Embolization Devices, Support Device), Therapeutic Application (Hemorrhagic & Ischemic Strokes) and End-User (Hospitals, Ambulatory Surgical Units) - Forecast till 2027
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Neurovascular Devices Market Overview
Market Research Future (MRFR) expects the Neurovascular Devices Market size to touch over USD 3.1 Billion by 2023. MRFR also anticipates the global market's growth to be at a rate of 8.8% during the review period (from 2014 to 2023).
Top Players:
The key players profiled by MRFR that are operating in the global neurovascular devices market are Stryker, Medtronic, Johnson & Johnson Services, Inc., TERUMO CORPORATION, Abbott, Merit Medical Systems, Inc., Medikit co., ltd., Penumbra, Inc., MicroPort Scientific Corporation, Evasc, Rapid Medical, Neuravi, W. L. Gore & Associates, Inc., OxfordEndovascular, Sensome, Blockade Medical, LLC., Delaware Corporation, Secant Group, LLC, and Gynesonics. The players in the global neurovascular devices market are aiming towards expansion of their businesses on global level by introducing advanced devices through increased research and development expenditure and strategic mergers and acquisitions are aiding these players in maintaining their dominance in the highly competitive environment of the global neurovascular devices market.
Segmentation:
The global market for Neurovascular Devices has been segmented on the basis of product, therapeutic application, and end-user. Based on product, the neurovascular devices market has been segmented into aneurysm coiling and embolization devices, neurothrombectomy devices, support device, and cerebral balloon angioplasty and stenting systems. The aneurysm coiling and embolization devices segment has been sub-segmented into embolic coils, flow diversion devices, and liquid embolic. The embolic coils sub-segment includes detachable coils and pushable coils. The neurothrombectomy devices segment has been sub-segmented into retrieval systems and suction & aspiration devices.
The support device segment has been sub-segmented into microguidewires and microcatheters. The cerebral balloon angioplasty & stenting systems segment has been sub-segmented into embolic protection systems and carotid artery stents. The embolic protection systems segmented is further segmented into balloon occlusion devices and distal filter devices. Based on therapeutic application, the neurovascular devices market has been segmented into hemorrhagic stroke and ischemic strokes. Based on end-users, the neurovascular devices market has been segmented into hospitals & clinics, and ambulatory surgical units.
Regional Analysis:
Geographically, the global neurovascular devices market has been segmented into four major regions such as Americas, Europe, Asia Pacific, and the Middle East and Africa. The Americas is dominating the global neurovascular devices market owing to the high prevalence of neurovascular diseases, increased healthcare expenditure as a result of increased disposable income, easy adoption of technologically advanced medical devices and the presence of well-developed healthcare sector in this region. The Europe region commands second largest share in the global neurovascular devices market owing to the rapid technological advancement and increased research and development activities for the introduction of advanced medical devices in the developed healthcare sector of this region. The neurovascular devices market in the Asia Pacific region is expanding at the fastest growth rate owing to the increased awareness regarding the availability of advanced medical devices and increased government funding for the development of healthcare sector in this region. Whereas, poor economic condition and absence of primary healthcare facilities in the underdeveloped countries are restraining the growth of the neurovascular devices market in the Middle East and Africa region.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) ), and Market Research & Consulting Services.
