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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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).
The Neurovascular Devices Market has been segmented into product, end-users, and therapeutic application. Based on the segment which is the product, the market is categorized on the basis of embolization devices, support device, and aneurysm coiling. The global market for neurovascular devices is further segmented based on end-users into hemorrhagic and ischemic strokes. Furthermore, the market, on the basis of therapeutic is segmented into ambulatory surgical units and hospitals.
The Market report offers comprehensive study of the Neurovascular Devices Market segments including product, end-users, and therapeutic application. The analysts have also studied the Market’s spread across the regional markets across many of the Market’s segments at country levels. The product, end-users, and therapeutic application segments spread across the Market along with the subsegments are studied. The global market for neurovascular devices is spread across various product and service based segments. The Market research report highlights these key segments and offers forecasts based on primary and secondary data. The global Neurovascular Devices Market research report presents key company profiles of organizations active across the Market.
Regional Overview
Expensive neurovascular devices may hinder the Market growth. The Market research report suggests that companies in the Market could be supported by companies exploring new ways to maintain their business as well as expanding patient pool during the forecast period. The Market is set to register growth at a high CAGR owing to these key factors. The Market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per Market analysts, Neurovascular Devices Market is set to witness tremendous growth across product, end-users, and therapeutic application segments. The global Market’s North American region covers Markets across the United States, Mexico, Canada, and others. Businesses present in the Market are also profiled and their strategies have been presented in detail in the Market research report.
The Market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, Neurovascular Devices Market research report provides details about the APAC region covering Markets from China, India, Australia, Japan, and others. The Market is also active across several other parts of the world. The Market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global Market.
Competitive Landscape
Neurovascular devices has seen tremendous growth, due to interventional therapies witnessing massive growth and high demand for minimally invasive procedures. However, significant cost of neurovascular devices and the emergence of complications during neurovascular surgeries would challenge the companies active in the Market. Furthermore, companies using growth strategies to stay ahead in the global Market are expected to help the market during the forecast period 2014 to 2023. As Neurovascular Devices Market report suggests that the Market will register a CAGR of 8.8% and reach a US$3.1 billion by 2023, the market report highlights key areas Market based companies need to focus on. The Market research report projects a long term growth till 2023. Based on Market’s analysis on the basis of SWOT and Porters’ Five Force Model, Neurovascular Devices Market will rise during the forecast period 2014 to 2023, however the companies need to move ahead with caution. The Market research report highlights such key areas.
Industry News
Lazarus Effect, a medical equipment corporation with a highly acute ischemic stroke that is licenced in Europe but not in the United States, was acquired by Medtronic. The contract is a financial transaction of 100 million dollars, according to standard closing conditions. In the Medtronic neurovascular division of the Restaurant Therapy community Lazarus Effect would be included. Medina Medical, a provider of medical devices which is now in Medtronic’s neurovascular business, developed a system to treat the cerebral aneurysm on 31 August. Lazarus’ nitinol net cover plys over a stent recorder during the recuperation of the clot and wraps the clot around the stent.
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