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Neurovascular Devices Market 2020 Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2025

Author : Ronak Bora | Published Date : 2020-09-14 

Neurovascular Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

An increase in the number of neurological and cerebrovascular diseases like ischemic strokes and brain aneurysm has positively influenced global neurovascular devices market over the past few years. According to the World Stroke Organization, nearly 17 million people worldwide suffer from strokes annually. Moreover, strokes have been regarded as one of the leading causes of death and long-term disability among people in the U.S.

High costs associated with neurological disorders along with the need to ensure safe, reliable, and effective treatment solutions will supplement the demand for the products over time. Estimates indicate that globally, neurovascular devices market size could reach US$2.1 billion in yearly remunerations by 2025.

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Wide prevalence of geriatric population in both developed and developing nations, that are vulnerable and are suffering from neurological issues, is a major reason supporting the development of medical devices. Extensive requirement for treatment is supplementing the need for minimally invasive procedures as they are less painful and ensure less pain and blood loss. The demand for MIS neurovascular surgery is driving the demand for neurovascular devices substantially.

With respect to the neurovascular device product type, embolic coils accumulated a revenue share of 31.3% in the year 2017. This product is popularly used in therapeutic areas like ischemic strokes and brain aneurysms. High cases of ischemic strokes in people worldwide are supporting the use of neurovascular devices to offer efficient treatment.

According to reports, each year over 795,000 people in the U.S. experience a stroke out of which 87% of them are ischemic strokes, a condition in which the blood flow to the brain is blocked. Efforts undertaken by the governments to raise funds for stroke prevention and impart adequate knowledge among the people regarding neurovascular diseases will drive the industry outlook.

The prevailing COVID-19 situation, which has affected millions of lives worldwide has led to a proliferated increase in the number of people being admitted due to severe health concerns. In certain cases, the lethal virus is known to affect the brain of a person and could require the need for various neurovascular devices.

In a recent article, certain researchers found that the novel coronavirus is known to cause problems in the brain such as loss of concentration, confusion, and moves on to serious issues like strokes and seizures.

With respect to the geographical scope, Canada neurovascular devices market has showcased considerable growth over the years primarily due to the growing neurological cases as well as high mortality rates associated with stroke in the nation. The establishment of The Canadian Neurovascular Health Society has emphasized the research of neurovascular conditions and spreading awareness among the people regarding the conditions, besides the need to undertake necessary medication.

Prominent neurovascular device providers worldwide include Johnson and Johnson, Terumo Corporation, Stryker, Medtronic, and Penumbra, among various others. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/neurovascular-devices-market

Partial Chapter of the Table of Content 

Chapter 5. Neurovascular Devices Market, By Process

5.1. Key segment trends

5.2. Neurothrombectomy procedure

5.2.1.    Market size, by region, 2014 – 2025 (USD Million)

5.3. Cerebral angiography technique

5.3.1.    Market size, by region, 2014 – 2025 (USD Million)

5.4. Carotid endarterectomy (CEA)

5.4.1.    Market size, by region, 2014 – 2025 (USD Million)

5.5. Stenting

5.5.1.    Market size, by region, 2014 – 2025 (USD Million)

5.6. Microsurgical clipping

5.6.1.    Market size, by region, 2014 – 2025 (USD Million)

5.7. Coiling

5.7.1.    Market size, by region, 2014 – 2025 (USD Million)

5.8. Flow diversion

5.8.1.    Market size, by region, 2014 – 2025 (USD Million)

5.9. Others

5.9.1.    Market size, by region, 2014 – 2025 (USD Million)

Chapter 6. Neurovascular Devices Market, By Therapeutic Application

6.1. Key segment trends

6.2. Brain aneurysm

6.2.1.    Market size, by region, 2014 – 2025 (USD Million)

6.3. Stenosis

6.3.1.    Market size, by region, 2014 – 2025 (USD Million)

6.4. Ischemic strokes

6.4.1.    Market size, by region, 2014 – 2025 (USD Million)

6.5. Others

6.5.1.    Market size, by region, 2014 – 2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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