Neurovascular Devices Market by Device Type (Intracranial Aneurysm Clips, Embolic Coils, Stents, Neurovascular Catheters, Flow Diversion Devices, Micro Coils), Indication (Intracranial Aneurysms, Ischemic Stroke, Arteriovenous Malformations (AVMs), Cerebral Thrombectomy), End-User (Hospitals, Ambulatory Surgical Centers (ASCs), Neurosurgery Clinics, Research and Academic Institutions), & Region for 2024-2031
Report ID: 307506|No. of Pages: 202
Neurovascular Devices Market by Device Type (Intracranial Aneurysm Clips, Embolic Coils, Stents, Neurovascular Catheters, Flow Diversion Devices, Micro Coils), Indication (Intracranial Aneurysms, Ischemic Stroke, Arteriovenous Malformations (AVMs), Cerebral Thrombectomy), End-User (Hospitals, Ambulatory Surgical Centers (ASCs), Neurosurgery Clinics, Research and Academic Institutions), & Region for 2024-2031
Neurovascular Devices Market Valuation – 2024-2031
Increasing awareness of the prevalence of neurovascular diseases is driving the growth of the neurovascular devices market, as more patients seek advanced treatment options for conditions such as stroke and aneurysms. According to the analyst from Verified Market Research, the Neurovascular Devices Market is estimated to reach a valuation of USD 6.09 Billion By 2031 over the forecast subjugating around USD 3.31 Billion valued in 2024.
The rapid expansion of the neurovascular devices market is primarily driven by the rising investment in research and development, which is being directed towards innovative technologies and improved treatment methodologies for neurovascular conditions. It enables the market to grow at a CAGR of 7.90% from 2024 to 2031.
Neurovascular Devices Market: Definition/ Overview
Neurovascular devices are specialized medical instruments designed for the diagnosis and treatment of various neurovascular disorders, including stroke, aneurysms, and arteriovenous malformations. These devices encompass a range of products such as stents, coils, catheters, and flow diverters, which are employed to restore blood flow and maintain vascular integrity in the brain.
Increasing incidences of neurovascular diseases are being observed globally, contributing to the rising demand for effective treatment options. The growth of the Neurovascular Devices market is also being fueled by advancements in technology, along with an increasing focus on minimally invasive procedures, which are being preferred by both healthcare providers and patients for their associated benefits.
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
What's inside a VMR
industry report?
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=307506
What Impact is Being Created by the Increasing Investment in Research and Development on the Neurovascular Devices Market?
The impact created by the increasing investment in research and development on the neurovascular devices market is significant. Substantial funds are being allocated by both the public and private sectors toward the development of innovative technologies aimed at improving treatment outcomes for neurovascular disorders. Stroke remains the second leading cause of death globally, accounting for approximately 11% of total deaths, which has spurred increased R&D investment in neurovascular interventions.
Cutting-edge techniques, such as advanced imaging and minimally invasive surgical methods, are being explored, enhancing the effectiveness and safety of neurovascular interventions. As a result, new product launches are being facilitated, further expanding the market offerings and attracting a larger patient population. This heightened focus on innovation is expected to drive market growth, as better therapeutic options are being made available to healthcare providers and patients alike.
How are the Rising Regulatory Challenges Impacting the Neurovascular Devices Market?
The impact of rising regulatory challenges on the neurovascular devices market is being felt across various segments. Stricter guidelines and standards are being imposed by regulatory bodies to ensure the safety and efficacy of neurovascular devices, leading to extended approval timelines for new products. Compliance with these regulations is being mandated for manufacturers, necessitating significant investments in quality assurance and testing processes.
Consequently, the pace of innovation may be hindered, as companies are compelled to navigate complex regulatory landscapes. This situation is resulting in increased operational costs, which may ultimately affect pricing strategies and market competitiveness. As a result, strategic adjustments are being required by companies to adapt to these regulatory dynamics while maintaining their market position.
Category-Wise Acumens
What are the Factors Contributing to the Demand for Embolic Coils in the Neurovascular Devices Market?
According to VMR analyst, the demand for embolic coils in the neurovascular devices market is being driven by several factors. Their effectiveness in treating intracranial aneurysms is widely recognized, leading to a preference among healthcare providers for these devices. The minimally invasive nature of embolization procedures is being favored by both patients and clinicians, as it reduces recovery times and associated complications.
Additionally, ongoing advancements in coil technology, such as improved biocompatibility and delivery systems, are being introduced, further enhancing the efficacy of treatment. As awareness regarding the prevalence of neurovascular conditions continues to rise, the increasing adoption of embolic coils in clinical settings is expected to contribute significantly to market growth.
What Trends are Being Observed in the Use of Flow Diversion Devices in the Treatment of Intracranial Aneurysms?
The use of flow diversion devices in the treatment of intracranial aneurysms is being characterized by several emerging trends. Their application is being recognized for its ability to promote aneurysm healing while preserving parent artery flow, which has become a significant factor in clinical decision-making. Enhanced design features, such as braided construction and customizable deployment techniques, are being integrated into these devices, which are improving their performance and patient outcomes.
Moreover, a growing body of clinical evidence supporting the safety and effectiveness of flow diversion techniques is being published, leading to increased confidence among neurosurgeons in utilizing these devices. As a result, the segment of flow diversion devices is expected to experience rapid growth within the neurovascular devices market.
Gain Access into Neurovascular Devices Market Report Methodology
https://www.verifiedmarketresearch.com/select-licence/?rid=307506
Country/Region-wise Acumens
What Factors are Driving the Growth of the Neurovascular Devices Market in North America?
The growth of the neurovascular devices market in North America is being driven by several key factors. A strong emphasis on advanced healthcare infrastructure and the availability of cutting-edge technology is being observed in this region, which significantly enhances patient care options. High levels of healthcare spending are being allocated to research and development, facilitating the introduction of innovative neurovascular products.
Furthermore, the prevalence of neurovascular diseases, including stroke and aneurysms, is being recognized as a growing public health concern, leading to increased demand for effective treatment solutions. According to the CDC, stroke affects nearly 795,000 Americans annually, with direct medical costs reaching USD 34 Billion per year.
Regulatory support and favorable reimbursement policies are also being established, which are encouraging the adoption of neurovascular devices across hospitals and specialized clinics. As a result, North America is projected to maintain its dominant position in the global neurovascular devices market.
How is the Neurovascular Devices Market Expected to Evolve in the Asia Pacific Region?
According to VMR analyst, the neurovascular devices market in the Asia Pacific region is expected to evolve rapidly due to several influential trends. Increasing investments in healthcare infrastructure are being made by both public and private sectors, facilitating improved access to advanced medical technologies.
The rapid population aging in the Asia Pacific region, with the number of individuals aged 60 and above expected to triple from 570 million in 2020 to 1.3 billion by 2050, is driving the demand for neurovascular devices as the prevalence of neurovascular diseases is anticipated to increase significantly in this demographic.
Furthermore, significant efforts are being directed toward educating healthcare professionals about the benefits of minimally invasive procedures, leading to a shift in clinical practices. Collaborations between local manufacturers and international companies are also being established to enhance product offerings and ensure compliance with regulatory standards. As a result, the Asia Pacific region is anticipated to witness substantial growth in the neurovascular devices market, positioning it as a rapidly expanding segment within the global landscape.
Competitive Landscape
The Neurovascular Devices Market’s competitive landscape is characterized by a varied range of companies, including technology developers, plant operators, and service providers, all striving for market share in an increasingly dynamic and growing industry.
Some of the prominent players operating in the neurovascular devices market include:
- Integer Holdings Corporation
- Johnson & Johnson
- Kaneka Corp.
- Medtronic PLC
- MicroPort Scientific Corporation
- Penumbra, Inc.
- Perflow Medical
- Phenox GmbH
- Stryker Corporation
- Terumo Corporation
Latest Developments
- In September 2022, Medtronic decided to launch a platform based on neurovascular co-lab that can provide the required innovation for treatment and stroke care.
- In September 2022, Shionogi & Co. Ltd entered into a partnership with Shionogi Healthcare & Co. Ltd., and Pixie Dust Technologies Inc. to launch a business based on brain activation with the help of sound stimulation.
Report Scope
2021-2031 CAGR of ~7.90% from 2024 to 2031 2024 2024-2031 2024-2031 Value (USD Billion) Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis BALT., Integer Holdings Corporation, Johnson & Johnson, Kaneka Corp., Medtronic PLC, MicroPort Scientific Corporation, Penumbra, Inc., Perflow Medical, Phenox GmbH, Stryker Corporation, Terumo Corporation Report customization along with purchase available upon requestREPORT ATTRIBUTES DETAILS STUDY PERIOD Growth Rate BASE YEAR FORECAST PERIOD HISTORICAL PERIOD UNIT Report Coverage Segments Covered
Regions Covered
Key Players Customization
Neurovascular Devices Market, By Category
Device Type:
- Intracranial Aneurysm Clips
- Embolic Coils
- Stents
- Neurovascular Catheters
- Flow Diversion Devices
- Micro Coils
Indication:
- Intracranial Aneurysms
- Ischemic Stroke
- Arteriovenous Malformations (AVMs)
- Cerebral Thrombectomy
End-User:
- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Neurosurgery Clinics
- Research and Academic Institutions
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF THE NEUROVASCULAR DEVICES MARKET
1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS
2 RESEARCH METHODOLOGY
2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP-DOWN APPROACH
2.10 RESEARCH FLOW
2.11 KEY INSIGHTS FROM INDUSTRY EXPERTS
2.12 DATA SOURCES
3 EXECUTIVE SUMMARY
3.1 MARKET OVERVIEW
3.2 ECOLOGY MAPPING
3.3 ABSOLUTE MARKET OPPORTUNITY
3.4 MARKET ATTRACTIVENESS
3.5 NEUROVASCULAR DEVICES MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
3.6 NEUROVASCULAR DEVICES MARKET, BY PRODUCT (USD MILLION)
3.7 NEUROVASCULAR DEVICES MARKET, BY THERAPEUTIC APPLICATION (USD MILLION)
3.8 FUTURE MARKET OPPORTUNITIES
3.9 GLOBAL MARKET SPLIT
3.10 PRODUCT LIFELINE
4 NEUROVASCULAR DEVICES MARKET OUTLOOK
4.1 NEUROVASCULAR DEVICES MARKET EVOLUTION
4.2 DRIVERS
4.2.1 DRIVER 1
4.2.2 DRIVER 2
4.3 RESTRAINTS
4.3.1 RESTRAINT 1
4.3.2 RESTRAINT 2
4.4 OPPORTUNITIES
4.4.1 OPPORTUNITY 1
4.4.2 OPPORTUNITY 2
4.5 IMPACT OF COVID–19 ON THE NEUROVASCULAR DEVICES MARKET
4.6 PORTER’S FIVE FORCES ANALYSIS
4.7 VALUE CHAIN ANALYSIS
4.8 PRICING ANALYSIS
4.9 MACROECONOMIC ANALYSIS
THIS SECTION OUTLINES THE SEGMENTS BASED ON WHICH MARKET HAS BEEN FRAGMENTED AND FURTHER BROKEN DOWN INTO I.E., VACCINATION, TYPE, MODE OF ADMINISTRATION
5 NEUROVASCULAR DEVICES MARKET BY PRODUCT
5.1 OVERVIEW
5.2 EMBOLIC COILS
5.3 INTRACRANIAL STENTS
5.4 CAROTID STENTS
5.5 EMBOLIZATION
5.6 FLOW DIVERTERS
5.7 STENT RETRIEVERS
6 NEUROVASCULAR DEVICES MARKET BY THERAPEUTIC APPLICATION
6.1 OVERVIEW
6.2 BRAIN ANEURYSM
6.3 ISCHEMIC STROKES
6.4 STENOSIS
7 NEUROVASCULAR DEVICES MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA MARKET ESTIMATES AND FORECAST, 2020 – 2030 (USD MILLION)
7.2.1 U.S.
7.2.2 CANADA
7.2.3 MEXICO
7.3 EUROPE MARKET ESTIMATES AND FORECAST, 2020 – 2030 (USD MILLION)
7.3.1 GERMANY
7.3.2 FRANCE
7.3.3 U.K.
7.3.4 SPAIN
7.3.5 ITALY
7.3.6 REST OF EUROPE
7.4 ASIA PACIFIC MARKET ESTIMATES AND FORECAST, 2020 – 2030 (USD MILLION)
7.4.1 CHINA
7.4.2 INDIA
7.4.3 JAPAN
7.4.4 REST OF ASIA-PACIFIC
7.5 LATIN AMERICA MARKET ESTIMATES AND FORECAST, 2020 – 2030 (USD MILLION)
7.5.1 BRAZIL
7.5.2 ARGENTINA
7.5.3 REST OF LA
7.6 MIDDLE EAST AND AFRICA MARKET ESTIMATES AND FORECAST, 2020 – 2030 (USD MILLION)
7.6.1 UAE
7.6.2 SAUDI ARABIA
7.6.3 SOUTH AFRICA
7.6.4 REST OF MEA
8 COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENTS
8.4 COMPANY REGIONAL FOOTPRINT
8.5 COMPANY INDUSTRY FOOTPRINT
8.6 ACE MATRIX
9 COMPANY PROFILES
9.1 INTRODUCTION
9.2 MEDTRONIC PLC
9.2.1 COMPANY OVERVIEW*
9.2.2 COMPANY INSIGHTS*
9.2.3 PRODUCT BENCHMARKING*
9.2.4 KEY DEVELOPMENT*
9.2.5 WINNING IMPERATIVES*
9.2.6 CURRENT FOCUS & STRATEGIES*
9.2.7 THREAT FROM COMPETITION*
9.2.8 SWOT ANALYSIS
9.3 JOHNSON & JOHNSON
9.4 PENUMBRA INC.
9.5 KANEKA CORP.
9.6 STRYKER CORPORATION
9.7 PHENOX GMBH
9.8 TERUMO CORPORATION
9.9 PERFLOW MEDICAL
9.10 INTEGER HOLDINGS CORPORATION
9.11 MICROPORT SCIENTIFIC CORPORATION
9.12 BALT
10 VERIFIED MARKET INTELLIGENCE
10.1 ABOUT VERIFIED MARKET INTELLIGENCE
10.2 DYNAMIC DATA VISUALIZATION
10.2.1 COUNTRY VS SEGMENT ANALYSIS
10.2.2 MARKET OVERVIEW BY GEOGRAPHY
10.2.3 REGIONAL LEVEL OVERVIEW
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
