[FURL=https://www.industryarc.com/Report/16840/neurovascular-devices-interventional-neurology-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Neurovascular Devices/Interventional Neurology Market[/FURL] size is estimated to reach $3.6 billion by 2026, growing at a CAGR of 7.8% during the forecast period 2021-2026. Neurovascular/Interventional neurology devices are utilized for the treatment of various neurovascular diseases. For example, devices such as Clips, Coils, and Stents are employed to treat disorders like arteriovenous malformation, cerebral aneurysm while clot retrieval devices, suction, and aspirations are used to eliminate arterial or veinous blood clots that may lead to stroke.Key Takeaways
Geographically, the North American Neurovascular Devices/Interventional Neurology Market accounted for the highest revenue share in 2020, and it is poised to dominate the market over the period 2021-2026 owing to the growth in the target patient population and awareness.
Increase in Research and Development in the Neurovascular Devices/Interventional Neurology industry will drive the market during the forecast period. However, the high surgery cost for neurovascular surgeries is a major challenge faced by the market.
Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Neurovascular Devices/Interventional Neurology Market report.
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Neurovascular Devices/Interventional Neurology Market Segment Analysis -By Geography
The Neurovascular Devices/Interventional Neurology Market based on Geography can be segmented into North America, Europe, Asia-Pacific, South. America, and Rest of World. North America held the largest share with 31% of the overall market in 2020. The growth in this segment is owing to the factors such as reduction in product prices, increase in awareness about the benefits of Interventional Neurological devices, as well as the increase of patients suffering from Neurovascular disorders in the region. According to the CDC, there were more than 691,000 cases of Ischemic Stroke in the US alone in 2018.
Neurovascular Devices/Interventional Neurology Market Drivers
Advancement in diagnostic imaging techniques is Projected to Drive Market Growth
Favourable medical reimbursements in developed economies are Expected to Boost Product Demand
Neurovascular Devices/Interventional Neurology Market Competitive Landscape:
The top 10 companies in Interventional Neurology are W.L. Gore & Associates, Abbott Laboratories, Stryker Corporation, Medtronic PLC, Terumo Corporation, Johnson & Johnson, Penumbra, Inc., Boston Scientific Corporation, Merit Medical Systems, Inc., Microport Scientific Corporation
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