Interventional Neurology/Neurovascular devices Market by Technology – (Embolization and Coiling, Angioplasty, Carotid Stenting, Neurothrombectomy, Micro support devices, and others), by Product – (Carotid Stent, Microcatheter, Flow Diversion, Microguidewires, Suction Device, stenting systems, Clot Retrieval and others), by End-users – (Hospitals, Ambulatory centers, Neurology clinics and others) and by Region
According to the report Global Interventional Neurology/Neurovascular devices market, published by Market Data Forecast, the Market was worth USD 1,896 Million in 2016 and estimated to reach USD 2,898.67 Million by the end of 2021 with a growing potential of 8.86 %.
Interventional neurology is a non-surgical specialty that uses image guided techniques, minimally invasive for the treatment of many complex and dangerous diseases of brain, neck and spine. The specialty for the treatment of these neurovascular diseases is known as neurosurgery.
A variety of material such as cobalt, nitinol, and platinum are used in neurovascular devices to achieve the specific characteristics for ischemic stroke prevention and aneurysm repair.
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Major factors that are driving the growth of the market are growth in patient population, advancements in technology, favourable reimbursements across mature markets, and increasing healthcare infrastructure across the developing countries. But, ongoing healthcare reforms in United States, lack of skilled neurosurgeons, stringent regulatory bodies across major markets are hindering the growth of neurology market.
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Based on Technology, the market is segmented into embolization and coiling, balloon angioplasty, carotid stenting, neurothrombectomy, micro support devices and others. Based on Product the market is categorized into carotid Stent, microcatheter, flow diversion, microguidewires, suction device, stenting systems, clot retrieval and others.
Based on end users, the market is segmented into hospitals, ambulatory centers, neurology clinics and others. Based on Geography, the Interventional Neurology market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
North America is predicted to account the largest share of the interventional neurology market, followed by Europe and Asia-Pacific. Moreover, Asia-Pacific is expected to show highest CAGR during the forecast period.
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Some of the major companies operating in global Interventional Neurology Market are Stryker Corporation, Medtronic plc, Johnson & Johnson, Terumo Corporation, Penumbra Inc., Abbott Laboratories, Merit Medical Systems Inc., W. L. Gore & Associates Inc., Microport Scientific Corporation, and Medikit Co., Ltd.
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