Sellbyville, DE -- (SBWIRE) -- 05/23/2019 -- The Neurovascular Devices Market is set to exceed USD 2.1 billion by 2024; according to a new research report by Global Market Insights. High demand for minimally invasive surgical devices will significantly drive neurovascular devices market growth over the forecast period. Absence of post-operative complications, enhanced effectiveness and better patient outcomes are the major factors escalating demand for neurovascular devices market. With use of minimally invasive neurovascular devices, patients experience reduction in recovery time. Such factors will favor considerable growth in the future.

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Increasing number of brain aneurysm cases will spur the need for neurovascular devices in upcoming years. As per Brain Aneurysm Foundation estimates, about 500 thousand deaths occur worldwide due to brain aneurysms. Use of advanced and novel devices for neurovascular surgeries in healthcare centers will increase number of surgical procedures in foreseeable future. This will positively impact adoption of neurovascular devices, thereby driving business growth during the forecast period.

Embolic coils segment accounted for largest revenue of USD 523.4 million in 2017. Minimally invasive and cost-effective product intended for treatment of brain aneurysms is major factor for segmental growth. Improved design to provide maximum efficiency will favor segmental growth in the future. Coiling procedure technique segment contributed to largest revenue of USD 607.0 million in 2017 owing to rising prevalence of intracranial aneurysms. Also, increasing influence of minimally invasive procedures will escalate demand for coiling procedures that does not require incision in skull. Increasing burden of intracranial aneurysm will escalate demand for coiling procedure, thus propelling segmental growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- Philips
- AMICO Group
- Carestream
- FUJIFILM Holdings America Corporation
- GE Healthcare
- Hologic, Inc.
- IMS Health
- Konica Minolta Healthcare Americas, Inc.
- Medical Technologies
- Planmed Oy
- Siemens

Ischemic stroke segment is expected to grow at 2.7% during the forecast timeframe. Segmental growth is attributable to rise in number of ischemic strokes worldwide, owing to rising geriatric population. According to World Health Organization (WHO), 15 million people suffer from stroke across the globe annually. Increasing incidences of ischemic stroke and high adoption of neurovascular devices will favor industry growth over forecast timeframe. Hospitals segment accounted for largest market share of 88.4% in 2017. Increasing adoption of neurovascular devices owing to rise in number of ischemic strokes will lead to segmental growth. Various government policies in developed countries for treatment of neurovascular disorders and growing healthcare expenditure in developing countries will favor segmental growth across the forecast timeframe.

U.S. neurovascular devices market will grow at 3.6%, owing to high pervasiveness of brain aneurysms. According to Brain Aneurysm Foundation, stroke is the third leading cause of death in U.S. High prevalence of unruptured brain aneurysm will favor business growth. high disposable income and increasing government expenditure on healthcare will further lead to business growth in the future.

Neurovascular Devices Market, by Process

1 Neurothrombectomy procedure
2 Cerebral angiography technique
3 Stenting technique
4 Coiling procedure technique
5 Flow disruption technique

Neurovascular Devices Market, by Therapeutic Application

1 Brain aneurysm
2 Stenosis
3 Ischemic strokes

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Chapter 1. Methodology

1.1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary

2.1. Neurovascular devices industry 360º synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Process trends
2.1.4. Therapeutic application trends
2.1.5. End-use trends
2.1.6. Regional trends

Chapter 3. Neurovascular Devices Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry impact forces

3.3.1. Growth drivers
3.3.1.1. Increasing number of brain aneurysm and ischemic strokes in U.S.
3.3.1.2. Rising demand for surgical procedures with minimum invasion
3.3.1.3. Advancement in process in developed regions
3.3.1.4. Government initiatives to modernize and expand healthcare infrastructure across the globe

3.3.2. Industry pitfalls & challenges
3.3.2.1. Need for designing more effective and low-cost treatments
3.3.2.2. Companies are facing challenges in commercialization across developing economies

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Chapter 6. Neurovascular Devices Market, By Therapeutic Application

6.1. Key segment trends

6.2. Brain aneurysm
6.2.1. Market size, by region, 2013 – 2024 (USD Million)
6.2.2. Market size, by region, 2013 – 2024 (000' Units)

6.3. Stenosis
6.3.1. Market size, by region, 2013 – 2024 (USD Million)
6.3.2. Market size, by region, 2013 – 2024 (000' Units)

6.4. Ischemic strokes
6.4.1. Market size, by region, 2013 – 2024 (USD Million)
6.4.2. Market size, by region, 2013 – 2024 (000' Units)

Data Tables

TABLE 1. Neurovascular devices industry 360 0 synopsis, 2013 – 2024
TABLE 2. Global neurovascular devices market, 2013 - 2024 (USD Billion)
TABLE 3. Global neurovascular devices market, 2013 - 2024 (000' Units)
TABLE 4. Global neurovascular devices market, by product, 2013 - 2024 (USD Million)
TABLE 5. Global neurovascular devices market, by product, 2013 - 2024 (000' Units)
TABLE 6. Global neurovascular devices market, by process, 2013 - 2024 (USD Million)
TABLE 7. Global neurovascular devices market, by process, 2013 - 2024 (000' Units)
TABLE 8. Global neurovascular devices market, by therapeutic application, 2013 - 2024 (USD Million)
TABLE 9. Global neurovascular devices market, by therapeutic application, 2013 - 2024 (000' Units)
TABLE 10. Global neurovascular devices market, by end-use, 2013 - 2024 (USD Million)