Neurovascular Devices Market to Undertake Strapping Growth By 2030Posted by Sona Kulkarni on December 29th, 2023 Neurovascular Devices Market Growth & Trends The global neurovascular devices market size is anticipated to reach USD 4.53 billion by 2030, registering a CAGR of 6.01% from 2023 to 2030, according to a new report by Grand View Research, Inc. The rising prevalence of neurological illnesses such as stroke, brain aneurysm, and cerebral artery stenosis is driving growth of the neurovascular devices market. According to the World Stroke Organization (WSO), in 2022, there will be more than 12.2 million new strokes per year. One in every four adults above the age of 25 will suffer a stroke throughout their lifetime. In addition, nearly 7.6 million new ischemic strokes occur each year. Around 62.0% of all incident strokes worldwide are ischemic strokes, with more than 1.2 million new subarachnoid hemorrhages occurring each year. As a result, the figures show that there is a significant demand for the neurovascular devices, which is driving neurovascular device market expansion. The rising prevalence of brain aneurysms in both developed and developing countries is driving the introduction of technologically advanced products to the market. Some significant therapeutic techniques for an intracranial aneurysm include surgical clipping, endovascular coiling, and flow diverters. Market participants are constantly working to introduce technologically advanced products to the market. For instance, in September 2021, Medtronic plc. announced the CE Mark clearance of its radial artery access portfolio, which comprises the Rist 079 Access Radial Guide Catheter and the Access Rist Radial Selective Catheter. Furthermore, in March 2022, Micro Port Scientific Company announced that its Hyper flex Balloon Catheter has received registration approval from the Japan Pharmaceuticals and Medical Devices Agency (PMDA). Reduced postoperative discomfort and faster recovery are the factors expanding use of the minimally invasive operations and fueling R&D in this field. Endovascular coiling is a minimally invasive surgery that is frequently suggested by the clinicians for the treatment of cerebral aneurysms. Hydro Coils (MicroVention, Tustin, California, USA) have permitted the treatment of more complex aneurysmal structures with reduced recurrence rates as compared to bare-platinum coils. As a result, increased demand for the minimally invasive procedures is supporting neurovascular device market expansion. Request a free sample copy or view report summary: Neurovascular Devices Market Report Neurovascular Devices Market Report Highlights
Access Press Release@ https://www.grandviewresearch.com/press-release/global-neurovascular-devices-market-size-report Neurovascular Devices Market Segmentation Grand View Research has segmented the global neurovascular devices market based on the device, therapeutic application, size, end use, and regions: Neurovascular Devices Device Outlook (Revenue USD Million; Volume Unit; 2018 - 2030)
Neurovascular Devices Therapeutic Application Outlook (Revenue USD Million; 2018 - 2030)
Neurovascular Devices Size (in Inches) Outlook (Revenue USD Million; 2018 - 2030)
Neurovascular Devices End Use Outlook (Revenue USD Million; 2018 - 2030)
Neurovascular Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)
List of Key Players In Neurovascular Devices Market
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Like it? Share it!More by this author |