Global Interventional Neurology Devices Market, By Product Type (Aneurysm Coiling and Embolization Devices, Cerebral Balloon Angioplasty and Stenting Systems, Support Devices, Neurothrombectomy Devices), Disease Pathology (Ischemic Strokes, Cerebral Aneurysms, Arteriovenous Malformation and Fistulas, Others), Procedure (Embolization, Angioplasty, Neurothrombectomy, Others), End User (Hospitals, Neurology Clinics, Ambulatory Care Centers, Others) – Industry Trends and Forecast to 2030.
Data Bridge Market Research analyses that the global interventional neurology devices market, which was USD 2,725.00 million in 2022, is expected to reach USD 5,429.73 million by 2030, and is expected to undergo a CAGR of 9.0% during the forecast period of 2023 to 2030. “Aneurysm coiling and embolization devices” dominates the product type segment of the global interventional neurology devices market owing to the advancements in technology.
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The interventional neurology devices market is experiencing robust growth driven by factors such as the increasing incidence of stroke and aneurysms, advancements in technology, and rising demand for minimally invasive procedures. Neurointerventional procedures have become essential in the treatment of various neurological conditions, leading to a surge in the adoption of interventional neurology devices. The market is characterized by constant innovation, with companies investing significantly in research and development to introduce advanced products that enhance patient outcomes.
**Segments**
- By Product: On the basis of product type, the interventional neurology devices market can be segmented into embolic coils, carotid stents, intracranial stents, neurothrombectomy devices, embolic protection devices, flow diverters, liquid embolic agents, and others.
- By Disease Indication: The market can be categorized based on disease indication into ischemic strokes, hemorrhagic strokes, cerebral aneurysms, and other neurological disorders.
- By End-user: End-user segmentation includes hospitals, ambulatory surgical centers, and specialty clinics. Hospitals account for a significant share of the market due to the high volume of neurointerventional procedures performed in these settings.
**Market Players**
- Medtronic
- Stryker
- Johnson & Johnson Services, Inc.
- Terumo Corporation
- Penumbra, Inc.
- MicroPort Scientific Corporation
- Medtronic
- Acandis GmbH
- Abbott
- Merit Medical Systems
- B. Braun Melsungen AG
These key market players are focusing on strategic initiatives such as product launches, partnerships, and acquisitions to strengthen their market position. For instance, Medtronic recently launched a new embolization plug for the treatment of wide-neck aneurysms, further expanding its neurovascular product portfolio. Stryker acquired the neurovascular division of Covidien, consolidating its presence in the interventional neurology devices market. Johnson & Johnson Services, Inc. introducedThe interventional neurology devices market is witnessing significant growth and is poised for further expansion in the coming years. The increasing prevalence of neurological conditions such as stroke and aneurysms is fueling the demand for advanced interventional neurology devices. Technological advancements in the field have revolutionized the way these conditions are treated, leading to a shift towards minimally invasive procedures that offer better patient outcomes and faster recovery times. This trend is driving the adoption of devices such as embolic coils, carotid stents, neurothrombectomy devices, and embolic protection devices among others.
Among the key market segments, the demand for neurothrombectomy devices is particularly high due to the growing incidence of ischemic strokes. These devices are crucial in removing blood clots from the brain's arteries and restoring blood flow, thereby reducing the risk of long-term disabilities associated with strokes. The market for embolic coils is also witnessing steady growth, driven by the increasing awareness about the efficacy of these devices in treating cerebral aneurysms.
Hospitals remain the primary end-users of interventional neurology devices, given the complex nature of neurointerventional procedures that require specialized infrastructure and expertise. Ambulatory surgical centers and specialty clinics are also significant contributors to the market revenue, catering to patients requiring less invasive interventions for neurological disorders. The market players, including Medtronic, Stryker, Johnson & Johnson Services, Inc., and others, are actively involved in developing innovative products and expanding their product portfolios through strategic collaborations and acquisitions.
Medtronic's recent launch of an embolization plug for wide-neck aneurysms showcases the company's commitment to addressing unmet clinical needs and enhancing patient care in the field of neurointervention. Stryker's acquisition of the neurovascular division of Covidien has strengthened its position in the market, allowing the company to offer a comprehensive range of interventional neurology devices to healthcare providers. Johnson & Johnson Services, Inc.'s focus on**Global Interventional Neurology Devices Market**
- Aneurysm Coiling and Embolization Devices
- Cerebral Balloon Angioplasty and Stenting Systems
- Support Devices
- Neurothrombectomy Devices
The global interventional neurology devices market is witnessing significant growth and is poised for further expansion in the coming years. Several factors are driving this growth, including the increasing incidence of neurological conditions such as stroke and aneurysms, technological advancements in the field, and the rising demand for minimally invasive procedures. The market is segmented based on product type, disease indication, and end-user, offering a comprehensive view of the industry landscape.
**Market Analysis**
The demand for neurothrombectomy devices is on the rise due to the growing prevalence of ischemic strokes worldwide. These devices play a crucial role in removing blood clots from the brain's arteries, thereby reducing the risk of long-term disabilities associated with strokes. The market for embolic coils is also experiencing steady growth, driven by the awareness about their efficacy in treating cerebral aneurysms and other neurovascular conditions.
Hospitals continue to be the primary end-users of interventional neurology devices, owing to the complexity of neurointerventional procedures that necessitate specialized infrastructure and expertise. Ambulatory surgical centers and specialty clinics are also significant contributors to the market, catering to patients in need of less invasive interventions for neurological disorders.
Key market players such as Medtronic, Stry
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Interventional Neurology Devices Market Landscape
Part 04: Global Interventional Neurology Devices Market Sizing
Part 05: Global Interventional Neurology Devices Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Interventional Neurology Devices Key Benefits over Global Competitors:
- The report provides a qualitative and quantitative analysis of the Interventional Neurology Devices Market trends, forecasts, and market size to determine new opportunities.
- Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
- Top impacting factors & major investment pockets are highlighted in the research.
- The major countries in each region are analyzed and their revenue contribution is mentioned.
- The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients
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