Global Neurovascular Devices/Interventional Neurology Market, valued at USD 5.20 billion, is projected to grow at a CAGR of 5% during the forecast period, driven by the increasing prevalence of neurological diseases such as strokes, aneurysms, and arteriovenous malformations. These devices are crucial for treating neurovascular diseases affecting the central nervous and vascular systems, with therapeutic procedures gaining traction for their effectiveness in diagnosis and treatment. Technological advancements, a growing demand for minimally invasive procedures, and increasing healthcare investments are expected to drive market expansion, particularly in regions like North America and Asia Pacific.
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Unique Features in the Global Neurovascular Devices/Interventional Neurology Market
Global Neurovascular Devices/Interventional Neurology Market include the growing adoption of minimally invasive treatments, the development of advanced embolization devices like aneurysm coiling devices, and rising patient preferences for less invasive surgical options. The market is witnessing a shift towards more sophisticated techniques, supported by enhanced healthcare infrastructure, research activities, and continuous innovation. Additionally, the shift to endovascular treatments and minimally invasive procedures continues to influence the design and demand for neurovascular devices.
Major Highlights of the Global Neurovascular Devices/Interventional Neurology Market
Major highlights of the Global Neurovascular Devices/Interventional Neurology Market include a significant increase in the demand for products like aneurysm coiling and embolization devices, fueled by rising incidences of conditions such as ischemic strokes and cerebral aneurysms. The market is expanding due to the growing need for advanced treatment methods and high awareness among medical professionals. North America is leading in market revenue, driven by high healthcare standards and an increasing number of stroke cases, while the Asia Pacific region is witnessing rapid growth owing to improvements in healthcare facilities and a growing population.
Global Neurovascular Devices/Interventional Neurology Market Regional Analysis
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Global Neurovascular Devices/Interventional Neurology Market Key Players
1. Stryker Corporation
2. Medtronic plc
3. Johnson & Johnson
4. Terumo Corporation
5. Penumbra, Inc
6. Abbott Laboratories
7. Merit Medical Systems, Inc
8. W.L Gore & Associates, Inc
9. Microport Scientific Corporation
10.B. Braun Melsungen AG
11.Cook
12.Uresil, LLC
13.Medikit Co Ltd
14.Bayer AG
15.Acandis GmbH
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Global Neurovascular Devices/Interventional Neurology Market Segmentation
by Product
Aneurysm Coiling & Embolization Devices
Embolic coils
Flow diversion devices
Liquid embolic agents
Cerebral Balloon angioplasty and stenting systems
Support devices
Neurothrombectomy devices
by Type
Ischemic Strokes
Cerebral Aneurysms
Arteriovenous Malformation and Fistulas
Other Disease pathology
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