Neurovascular Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The neurovascular devices market is segmented by Product (Aneurysm Coiling & Embolization Devices, Cerebral Balloon Angioplasty and Stenting Systems, Support Devices, Neurothrombectomy Devices, and Others), Target Disease, and Geography

Market Snapshot

Neurovascular Devices Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.7 %
Neurovascular Devices Market Major Players

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Market Overview

Global Neurovascular Devices market is expected to witness a CAGR of 7.7% during the forecast period. Certain factors that are driving the market growth include increasing target patient population, ongoing product development and commercialization, and rising research activities in the field of neurovascular therapies.

Vascular diseases involving the cerebral circulation characterize a complex as well as miscellaneous spectrum of pathology. Over the past few years, within the cerebrovascular field, a number of recent advances have taken place regarding patient diagnosis, imaging analysis, evaluation, microsurgical treatments, medical therapies, and minimally invasive therapeutic modalities. All these improvements have been propelled by research developments from in vivo, in vitro, translational, as well as clinical studies. Neurovascular disorders, including arteriovenous malformations (AVMs), brain aneurysms, carotid artery disease, along with intracranial atherosclerotic disease, take an enormous health and economic toll on the world population and can result in lots of neurological problems ranging from subarachnoid hemorrhage and stroke to disability and even death.

Scope of the Report

Neurological devices mainly refer to the non-surgical specialty which uses minimally invasive, image guided techniques in order to treat the hazardous as well as complex diseases of brain, neck, and spine. These devices are broadly used for the treatment of various Neurovascular diseases including brain aneurysm, and arteriovenous malformations (AVMs), among others.

Product
Aneurysm Coiling & Embolization Devices
Cerebral Balloon Angioplasty and Stenting Systems
Support Devices
Neurothrombectomy Devices
Other Devices (Revascularization Devices etc.)
Target Disease
Ischemic Strokes
Cerebral Aneurysms
Arteriovenous Malformation and Fistulas
Other Target Diseases (Stenosis etc.)
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Ischemic Strokes is Expected to Hold Significant Market Share in the Target Disease Segment

Ischemic stroke is referred to a heterogeneous multifactorial disease characterized by the sudden onset of neurologic signs that are directly related to the places of injury in the brain where the morbid process takes place. The evaluation of multifaceted neurologic disorders, including stroke, in which a large number of genetic and epigenetic factors interact with even the environmental risk factors in order to increase the risk has been revolutionized by the GWAS (genome-wide association studies) approach. According to the Stroke Center, the US, the risk of ischemic stroke in current smokers is around two-fold higher than that of nonsmokers after fine-tuning with other risk factors. Hence, with increasing smoking population the prevalence of the disease is expected to rise significantly over the forecast period, thus contributing to the market growth.

Neurovascular Devices Market Key Trends

North America Dominates the Market and Expected to do Same in the Forecast Period

According to the Centers for Disease Control and Prevention (CDC) facts (2017), stroke results in the death of about 140,000 Americans each year which is 1 out of every 20 deaths. In the United States, there is estimated to be at least one stroke within every 40 seconds and every four minutes, someone dies of a stroke. Approximately 87% of all strokes are ischemic strokes, in which blood flow to the brain gets blocked. Similarly, as per stated by the Brain Aneurysm Foundation (2019), cerebral aneurysms affect an estimated 6 million Americans and are accountable for nearly half a million deaths worldwide each year, with half the victim's age 50 and younger. All these factors are expected to fuel the overall market growth across the region.

Neurovascular Devices Market Growth Rate

Competitive Landscape

The global Neurovascular Devices market is highly competitive and consists of a few major players. Companies like Abbott Laboratories, Johnson & Johnson, Medtronic plc, MicroPort Scientific Corporation, Penumbra, Inc., Stryker Corporation, Terumo Corporation, W. L. Gore & Associates, Inc., among others, hold the substantial market share in the Neurovascular Devices market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Target Patient Population

      2. 4.2.2 Ongoing Product Development and Commercialization

      3. 4.2.3 Rising Research Activities in the Field of Neurovascular Therapies

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulations

      2. 4.3.2 Dearth of Skilled Neurosurgeons

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product

      1. 5.1.1 Aneurysm Coiling & Embolization Devices

      2. 5.1.2 Cerebral Balloon Angioplasty and Stenting Systems

      3. 5.1.3 Support Devices

      4. 5.1.4 Neurothrombectomy Devices

      5. 5.1.5 Other Devices (Revascularization Devices etc.)

    2. 5.2 Target Disease

      1. 5.2.1 Ischemic Strokes

      2. 5.2.2 Cerebral Aneurysms

      3. 5.2.3 Arteriovenous Malformation and Fistulas

      4. 5.2.4 Other Target Diseases (Stenosis etc.)

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 Johnson & Johnson (DePuy Synthes)

      3. 6.1.3 Medtronic plc

      4. 6.1.4 MicroPort Scientific Corporation

      5. 6.1.5 Penumbra, Inc.

      6. 6.1.6 Stryker Corporation

      7. 6.1.7 Terumo Corporation

      8. 6.1.8 W. L. Gore & Associates, Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Neurovascular Devices Market market is studied from 2018 - 2026.

The Neurovascular Devices Market is growing at a CAGR of 7.7% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Abbott Laboratories, Medtronic plc, Penumbra, Inc., MicroPort Scientific Corporation, Johnson & Johnson are the major companies operating in Neurovascular Devices Market.

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