Global neuro-interventional devices market is estimated to be valued at US$ 2.44 Bn in 2023, and is expected to exhibit a CAGR of 5% during the forecast period (2023-2030).
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 2.44 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
5.00% |
2030 Value Projection: |
US$ 3.44 Bn |
Figure 1. Global Neuro-interventional Devices Market Share (%), By Product Type, 2023
Products used to perform neurological surgery are referred to as neuro-interventional devices. Neuro-intervention devices uses minimally-invasive, catheter-based approaches to treat specific diseases of the blood vessels of head, neck and spine. The most common conditions treated with neuro-interventional devices include strokes, brain aneurysms, fistula, and vascular malformation formed in the brain & spine, and carotid artery diseases. Moreover, neuro-interventional devices are also used in the treatment of various other health conditions such as transient ischemic attacks (TIA), cerebral artery stenosis, vertebral artery disease, compression fractures, and venous malformation of neck & head. There are various types of neuro-interventional devices such as embolic coils, flow diverters, neurovascular stents, support devices, aneurysm clips, aspiration devices, and support devices that are useful in performing neurosurgeries. Neuro-interventional devices are utilized by medical professionals that specializes in the central nervous system (CNS).
Market Dynamics
Rising incidence of neurovascular diseases such as brain aneurysm and traumatic brain injuries is expected to drive the market growth over forecast period. For instance, in 2020, according to the Brain Aneurysm Foundation report, around 500,000 deaths caused by brain aneurysms worldwide are reported every year; out of which, half of the victims are younger than 50 years of age. Furthermore, according to the same source, 2020, in the U.S., 1 in 50 persons, or approximately 6.7 million people, have an unruptured cerebral aneurysm, and women are more likely than men to have a brain aneurysm (3:2 ratio). Women, particularly those over the age of 55, have a higher risk of brain aneurysm rupture than men (about 1.5 times the risk).
Key features of the study:
- The report provides an in-depth analysis of the global neuro-interventional devices market and provides market size (US$ Bn) and compound annual growth rate (CAGR) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for the market.
- The study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global neuro-interventional devices market based on the following parameters- company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Penumbra, Inc., Stryker Corporation, Medtronic PLC., Johnson & Johnson Services, Inc., Terumo Corporation, Insera Therapeutics Inc., Anaconda Biomed S.L., NeuroVasc Technologies, and Perflow Medical Ltd.
- Insights from the report would allow marketers and the management authorities of the companies to make informed decisions regarding the future product launches, type up-gradation, market expansion, and marketing tactics
- Global neuro-interventional devices market report caters to various stakeholders in the industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global neuro-interventional devices market
Detailed Segmentation:
- Global Neuro-interventional Devices Market, By Product Type:
- Embolization Coils
- Carotid Stents
- Intracranial Stents
- Neurovascular Thrombectomy
- Flow Disruption
- Flow Diverters
- Intrasaccular Devices
- Liquid Embolic Coils
- Balloons
- Stent Retrievers
- Global Neuro-interventional Devices Market, By Technique:
- Neurothrombectomy Procedure
- Cerebral Angiography
- Stenting
- Coiling Procedures
- Flow Disruption
- Global Neuro-interventional Devices Market, By End User:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Global Neuro-interventional Devices Market, By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- Company Profiles
- Penumbra, Inc.
- Stryker Corporation
- Medtronic PLC.
- Johnson & Johnson Services, Inc.
- Terumo Corporation
- Insera Therapeutics Inc.
- Anaconda Biomed S.L.
- NeuroVasc Technologies
- Perflow Medical Ltd.