Neurovascular Devices Market 2021 - Regional Outlook and Competitive Strategies to
Category: #healthcare  By Ronak Bora  Date: 2021-03-31
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Neurovascular Devices Market 2021 - Regional Outlook and Competitive Strategies to

The Canada neurovascular devices market is expected to exhibit robust growth at over 4% CAGR through 2024. This growth is attributed mainly to rising incidences and fatalities associated with stroke. Institutions like the Canadian Neurovascular Health Society and others are making significant research efforts towards the treatment and awareness of neurovascular conditions among patients.

Growing occurrences & costs of neurological conditions such as acute ischemic strokes & brain aneurysms are likely to impel neurovascular devices market size over the forecast spell. According to estimates from the World Stroke Organization, more than 17 million people across the globe suffer from stroke annually. Furthermore, stroke is among the leading causes of deaths and chronic disability in the United States, which is a significant driving factor for neurovascular devices industry expansion over the years.

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The geriatric population base is often vulnerable to brain disorders. Soaring demand for minimally invasive procedures among the elderly could substantially influence the business of neurovascular devices manufacturers. MIS (minimally invasive procedures) causes lesser pain and blood loss, a major factor that has shifted patient preference to MIS surgery. Rising demand for MIS owing to growing geriatric population base could thereby propel product demand in the estimated timeframe.

Reports suggest that the onset of chronic disability among more than half of the stroke survivors in the US places an economic burden of nearly $34 billion on healthcare systems annually. Proliferating investment efforts and favorable initiatives by governments pertaining to prevention of stroke is likely to boost neurovascular devices market dynamics over the projected timeline.

The ischemic strokes segment was estimated to dominate the market with a revenue share of 43.2% in 2017. High incidence of such conditions along with increasing cost burden on patients could support the development of better neurovascular devices. Strong government support and rising funding for stroke prevention may foster segment expansion by 2024.

The global neurovascular devices market share is bolstered significantly by strategic initiatives such as partnerships and acquisitions being undertaken by major players to enhance their competitive stance. Key industry players include Stryker, Terumo Corporation, Medtronic, Johnson & Johnson (Depuy Synthes) and Penumbra, among others.

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Partial Chapter of the Table of Content

Chapter 4. Neurovascular Devices Market, By Product

4.1. Key segment trends

4.2. Embolic coils

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

4.2.2.    Market size, by region, 2014 – 2025 (000’ Units)

4.3. Carotid stents

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

4.3.2.    Market size, by region, 2014 – 2025 (000’ Units)

4.4. Intracranial stents

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

4.4.2.    Market size, by region, 2014 – 2025 (000’ Units)

4.5. Catheters

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

4.5.2.    Market size, by region, 2014 – 2025 (000’ Units)

4.6. Embolic protection devices

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

4.6.2.    Market size, by region, 2014 – 2025 (000’ Units)

4.7. Flow diverters

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

4.7.2.    Market size, by region, 2014 – 2025 (000’ Units)

4.8. Neurothrombectomy devices

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

4.8.2.    Market size, by region, 2014 – 2025 (000’ Units)

4.9. Intrasaccular devices

4.9.1.    Neurovascular Devices Market size, by region, 2014 – 2025 (USD Million)

4.9.2.    Market size, by region, 2014 – 2025 (000’ Units)

4.10.    Balloon systems

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

4.10.2.    Market size, by region, 2014 – 2025 (000’ Units)

4.11.    Stent retrievers

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

4.11.2.    Neurovascular Devices Market size, by region, 2014 – 2025 (000’ Units)

4.12.    Guidewires

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine 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 spo...

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