​IMARC Group, a leading market research company, has recently releases report titled “Neurovascular Devices ​Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global neurovascular devices​ market share​​, growth, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Industry Overview of Neurovascular Devices

Neurovascular devices are specialized medical instruments designed for the diagnosis, treatment, and management of conditions related to the blood vessels of the brain and spinal cord. They are usually made from biocompatible materials to minimize the risk of adverse reactions when interacting with the human body. They help ensure precise navigation within the delicate blood vessels of the central nervous system (CNS). They are compatible with advanced imaging technologies, such as angiography and MRI, to facilitate accurate diagnosis and treatment. They aid in the precise diagnosis of conditions like aneurysms, arteriovenous malformations (AVMs), and strokes, enabling timely intervention. They allow for minimally invasive procedures, reducing the risks associated with traditional surgical approaches. They are widely used in angioplasty procedures to treat stenosis or narrowing of blood vessels within the brain.

How Big Is the Neurovascular Devices Market?

The global neurovascular devices market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.

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What are the growth prospects and trends in the neurovascular devices industry?

The increasing prevalence of various neurovascular diseases represents one of the key factors influencing the market positively. Additionally, the rising global elderly population, which is more susceptible to neurovascular conditions, is driving the need for advanced medical devices that can offer precise diagnosis and effective treatment options. Along with this, the increasing awareness among the masses about the early diagnosis and prevention of neurovascular disorders is bolstering the market growth.

Apart from this, continuous innovations in imaging techniques, such as digital subtraction angiography (DSA) and magnetic resonance angiography (MRA), are enhancing the diagnosis of neurovascular conditions. Moreover, the development of minimally invasive neuro-interventional procedures, often guided by real-time imaging, is facilitating the market growth. Furthermore, the expansion of hospitals, clinics, and other healthcare facilities is another significant factor strengthening the growth of the market.

Additionally, ongoing efforts by regulatory bodies of various countries to streamline approval processes for neurovascular devices are creating a positive outlook for the market. Besides this, several pharmaceutical and medical device companies are increasingly investing in research and development (RD) activities for the development of novel devices and therapies, which is propelling the market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

• Cerebral Embolization and Aneurysm Coiling Devices
  • Embolic Coils
  • Flow Diverters
  • Liquid Embolic Agents
• Cerebral Angioplasty and Stenting Systems
  • Carotid Artery Stents
  • Embolic Protection Devices
• Neurothrombectomy Devices
  • Clot Retrieval Devices
  • Suction Devices
  • Vascular Snares
• Support Devices
  • Micro Catheters
  • Micro Guidewires

Breakup by Application:

• Ischemic Stroke
• Aneurysm
• Arteriovenous Malformation and Fistulas (AVM)
• Stenosis
• Others

Breakup by End User:

• Hospitals
• Ambulatory Surgical Centers
• Clinics
• Others

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Acandis GmbH
• Asahi Intecc Co. Ltd.
• Imperative Care Inc.
• Integer Holdings Corporation
• Johnson Johnson
• Medtronic plc
• MicroPort Scientific Corporation
• Penumbra Inc.
• Perflow Medical Ltd.
• Rapid Medical
• Stryker Corporation
• Terumo Corporation

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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