According to the latest report by IMARC Group, titled "Neurovascular Devices Market Report by Product (Cerebral Embolization and Aneurysm Coiling Devices, Cerebral Angioplasty and Stenting Systems, Neurothrombectomy Devices, Support Devices), Application (Ischemic Stroke, Aneurysm, Arteriovenous Malformation and Fistulas (AVM), Stenosis, and Others), End User (Hospitals, Ambulatory Surgical Centers, Clinics, and Others), and Region 2025-2033," the global neurovascular devices market size reached USD 3.0 Billion in 2024. Neurovascular devices represent a category of specialized medical equipment designed for the diagnosis and treatment of conditions affecting the blood vessels in the brain and spinal cord. These devices encompass a wide range of tools and technologies, including neurovascular stents, embolization coils, flow diverters, and catheters, among others. They are employed in the management of various neurovascular disorders, including aneurysms, arteriovenous malformations (AVMs), and ischemic strokes. Neurovascular diseases can have severe and often life-threatening consequences, making the development and utilization of advanced medical devices crucial. Neurovascular devices enable minimally invasive procedures, such as endovascular surgery, which reduce the risks associated with traditional surgical interventions and contribute to quicker patient recovery.
Global Neurovascular Devices Market Trends:
The global market is primarily driven by the increasing incidence of neurovascular diseases, particularly among the aging population. As life expectancy rises, so does the prevalence of conditions, such as ischemic strokes and cerebral aneurysms, necessitating advanced medical interventions. Along with this, technological advancements in neurovascular devices are revolutionizing the field of interventional neurology. Innovations such as flow-diverting stents and detachable coils are enhancing the efficacy and safety of neurovascular procedures, attracting both healthcare providers and patients. Moreover, the growing awareness of the importance of early diagnosis and treatment of neurovascular disorders is contributing to market growth. Public health campaigns and initiatives focusing on stroke awareness and the benefits of timely intervention are increasing patient referrals and treatment rates. Furthermore, favorable reimbursement policies and healthcare infrastructure development in emerging markets are expanding access to neurovascular interventions, driving market expansion globally. Some of the other factors driving the market further include extensive research and development (R&D) activities conducted by key players and increasing awareness among the masses. Looking forward, the market value is projected to reach USD 4.7 Billion by 2033, expanding at a CAGR of 4.9% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Product, Application, End User, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | 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 and Terumo Corporation |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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