The interventional neurology devices and equipment market consists of sales of interventional neurology devices which are used to treat neurovascular diseases such as aneurysms, arteriovenous malformations, cavernous malformations and stroke. Based on the product type, these devices are classified into aneurysm coiling & embolization devices, support devices, cerebral balloon angioplasty & stenting systems and neurothrombectomy devices. Interventional Neurology devices are also known as Neurovascular devices.
Global Interventional Neurology Devices And Equipment Market Size And Drivers:
The global interventional neurology devices and equipment market is expected to grow from $1.84 billion in 2020 to $2.04 billion in 2021 at a compound annual growth rate (CAGR) of 10.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.72 billion in 2025 at a CAGR of 7.5%. Increase in the patient population with the neurological disorders is driving the Interventional neurology devices market.
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Trends In The Global Interventional Neurology Devices And Equipment Market
Stryker Inc.’s latest technological development Neuroform Atlas Stent System is expected to provide significant results to treat brain aneurysms with embolic coils. The introduction of such technologies would drive the interventional neurological device market in the future. The Atlas stent system provides great support during the coiling procedures and it has been designed s to provide the coil support and wall apposition needed to perform effective stent-assisted coiling procedure. Neuroform Atlas has enhanced stent conformability, a low-profile delivery system and high deployment accuracy even in distal anatomy makes it the latest choice of the neuro-surgeons, thereby steering the market.
Global Interventional Neurology Devices And Equipment Market Segments:
The global interventional neurology devices and equipment market is further segmented –
By Type: Aneurysm Coiling & Embolization Devices, Cerebrospinal Fluid Management Devices, Neurothrombectomy Devices, Support Devices
By End-User: Hospitals, Neurology Clinics, Ambulatory Care Centers and Others
Aneurysm Coiling & Embolization Devices By Type: Embolic Coils, Flow Diversion Devices, Liquid Embolic Devices
Angioplasty Devices By Type: Carotid Artery Stents, Embolic Protection Systems
Support Devices By Type: Micro Guide Wires, Micro Catheters
Neurothrombectomy Devices By Type: CLOT Retrieval Devices, Suction and Aspiration Devices, Snares
By Geography: The global interventional neurology devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Interventional Neurology Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides interventional neurology devices and equipment market overviews, analyzes and forecasts market size and growth for the global interventional neurology devices and equipment market, interventional neurology devices and equipment market share, interventional neurology devices and equipment market players, interventional neurology devices and equipment market segments and geographies, interventional neurology devices and equipment market’s leading competitors’ revenues, profiles and market shares. The interventional neurology devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
