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Forecast Year
The global neurovascular devices market size reached a value of around USD 3.45 billion in 2023. The market is further expected to grow at a CAGR of 7.9% during the forecast period of 2024-2032, likely to attain a value of around USD 6.81 billion by 2032.
Neurovascular devices are specially designed to be used in neurovascular disorders, such as brain aneurysm and stroke, among others. These medical devices are used for the diagnosis, treatment, and management of conditions that severely affect the blood vessels, especially in the central nervous system, particularly affecting the brain and the spinal cord. Neurovascular devices have both diagnostic and therapeutic uses.
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The growth of the neurovascular market is being driven by various factor, the primary factor being the rising prevalence of neurovascular disorders. Along with the rapidly growing geriatric population, factors like the rapidly developing healthcare infrastructure and rising investment on medical devices are also propelling the growth of the market. Various hospitals and healthcare organizations are increasingly adopting these devices due to the rising demand for the treatment of neurovascular disorders. Higher population is now affected with lifestyle disorders like high blood pressure and obesity, along with poor habits like smoking, which further deteriorate the health conditions. The rising investment and funding in research and development of better technology is also propelling the growth of the market.
Based on type, the market is divided into product type, disease, end user, and region.
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Market Breakup by Product Type
Market Breakup by Disease
Market Breakup by End User
Market Breakup by Region
The demand for neurovascular devices has been rapidly rising owing to the rising prevalence of neurovascular diseases triggered by unhealthy lifestyles and excessive stress. Among the regional markets, North America has been dominating the global market and is anticipated to lead the global market in the coming years as well. The dominance of the region can be attributed to the technological advancement in the healthcare sector in North America.
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Europe and Asia Pacific are also likely to witness growth in the coming ears owing to the rapidly advancing healthcare sector and the increasing awareness about the neurovascular disorders and its available treatments.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global neurovascular devices market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Disease |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of USD 3.45 billion in 2023, driven by the rising cases of neurovascular diseases across the globe.
The market is anticipated to grow at a CAGR of 7.9% during the forecast period of 2024-2032 to attain a value of around USD 6.81 billion by 2032.
The growth of the market is driven by factors like rising awareness about the disease, the increasing availability of the treatment, and the rapid technological advancements.
The key trends which are bolstering the market growth include the rising investment and fundings by government and healthcare organizations.
The product types in the market include aneurysm coiling and embolization devices, cerebral balloon angioplasty and stenting systems, support devices, and neurothrombectomy devices, among other devices.
The diseases can be divided into ischemic strokes, cerebral aneurysms, arteriovenous malformation and fistulas, among other target diseases.
The end-users for the devices can be categorised into hospitals, clinics, and home healthcare, among others.
The major regional markets include North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The key players in the market can be categorised into Johnson & Johnson, Medtronic Plc, Stryker Corporation, Terumo Corporation, ASAHI INTECC CO., Penumbra, Acandis GmbH, Braun Melsungen AG, Integer Holdings Corporation, Microport Scientific CorporatiON, and PHENOX GmbH.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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