Global Neurovascular Accessory Devices Market, By Disease Pathology (Aneurysm, Arteriovenous Malformation (AVM), Ischemic Stroke, Stenosis, Others), Process (Neurothrombectomy, Cerebral Angiography, Carotid Endarterectomy, Stenting, Microsurgical Clipping, Coiling, Flow Diversion), Therapeutic Applications (Brain Aneurysm, Stenosis, Ischemic Strokes), End-use (Hospitals, Ambulatory Surgical Centers, Clinics), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Neurovascular Accessory Devices Market
The neurovascular accessory devices market is expected to witness market growth at a rate of 4.03% in the forecast period of 2021 to 2028 and is expected to reach USD 884.17 million by 2028. Data Bridge Market Research report on neurovascular accessory devices market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in number of surgeries is escalating the growth of neurovascular accessory devices market.
Neurovascular devices refer to the devices that are employed for treating neurovascular disorders. These neurovascular devices include stents, clips and coils that are utilized in treatment of neurovascular disorders such as brain aneurysm. Suction & aspiration devices and clot retrieval devices are some of the devices that are employed for removal of blood clots form arteries and veins of brain that may be fatal.
The rise in the prevalence of neurological disorders among consumers across the globe, acts as one of the major factors driving the growth of neurovascular accessory devices market. The use of the interventional neurovascular devices for the diagnosis and treatment of vascular disease of the brain and central nervous system and rise in the incidences of brain or cerebral aneurysm accelerate the market growth. The various government initiatives to modernize and expand healthcare infrastructure and increase in consumer inclination towards minimally invasive surgeries further influence the market. Additionally, rise in concerns regarding neurological diseases, public awareness about diseases and treatment options and surge in the healthcare spending positively affect the neurovascular accessory devices market. Furthermore, technological advancements in neurovascular accessory devices and rapid product approval process extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the neurovascular devices is expected to obstruct the market growth. Lack of qualified neurosurgeons to handle these devices is projected to challenge the neurovascular accessory devices market in the forecast period of 2021-2028.
This neurovascular accessory devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on neurovascular accessory devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Neurovascular Accessory Devices Market Scope and Market Size
The neurovascular accessory devices market is segmented on the basis of disease pathology, process, therapeutic applications and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of disease pathology, the neurovascular accessory devices market is segmented into aneurysm, arteriovenous malformation (avm), ischemic stroke, stenosis and others.
- On the basis of process, the neurovascular accessory devices market is segmented into neurothrombectomy, cerebral angiography, carotid endarterectomy, stenting, microsurgical clipping, coiling and flow diversion.
- On the basis of therapeutic applications, the neurovascular accessory devices market is segmented into brain aneurysm, stenosis and ischemic strokes.
- On the basis of end-use, the neurovascular accessory devices market is segmented into hospitals, ambulatory surgical centers and clinics.
Global Neurovascular Accessory Devices Market Country Level Analysis
The neurovascular accessory devices market is analyzed and market size insights and trends are provided by country, disease pathology, process, therapeutic applications and end-use as referenced above.
The countries covered in the global neurovascular accessory devices market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the neurovascular accessory devices market because of the rising prevalence of hypertension, government initiatives, and increase in the research and development investment by the manufacturers within the region. Asia-Pacific is expected to witness fastest growth during the forecast period of 2021 to 2028 because of the favorable healthcare policies in countries such as Japan and China, increasing healthcare expenditure and growth in awareness initiatives by various government and non-government organizations in the region.
The country section of the neurovascular accessory devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The neurovascular accessory devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for neurovascular accessory devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the neurovascular accessory devices market. The data is available for historic period 2010-2019.
Competitive Landscape and Neurovascular Accessory Devices Market Share Analysis
The neurovascular accessory devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to neurovascular accessory devices market.
The major players covered in the neurovascular accessory devices market report are Stryker Corporation, Medtronic, Terumo Corporation, Penumbra, Inc., MicroPort Scientific Corporation, Merit Medical Systems, W.L. Gore & Associates, Inc., B. Braun Melsungen AG, Integra LifeSciences Corporation, Abbott, Johnson & Johnson Services, Inc., Boston Scientific Corporation, Cook, UreSil, LLC, Medikit co., ltd., Bayer AG, Acandis GmbH ands Biosensors International Group, Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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