Neurovascular Devices/Interventional Neurology Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024
Sarasota, FL -- (SBWire) -- 11/16/2018 --Global Neurovascular Devices/Interventional Neurology Market: Overview
Neurovascular devices/interventional neurology is a non-surgical technique that is minimum invasive and uses the image-guided techniques for complex surgeries of brain, neck, and spine. This surgical procedure is also termed as neurosurgery. The term neurology is the branch that deals with all types of disorders of the brain and the nervous system. The interventional neurology deals with the diagnosis and the treatment involving the central and the peripheral nervous system. Neurovascular diseases mainly result in the adult disability. Many people in the world suffer from stroke and only a few among them recover completely. The neurovascular devices use a variety of materials such as cobalt, nitinol, platinum and others to achieve the characteristics for ischemic stroke prevention and aneurysm repair.
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Global Neurovascular Devices/Interventional Neurology Market: Segmentation
The global neurovascular devices/interventional neurology market is segmented into its technology, product, end user and by region. On the basis of the technology, the neurovascular devices/interventional neurology market is categorized into carotid artery angioplasty and stenting, neuro thrombectomy, embolization and coiling and supporting technologies. Based on the product, the neurovascular devices/interventional neurology market is segregated into aneurysm coiling and embolization devices, support devices, cerebral balloon angioplasty and stenting systems and neuro thrombectomy devices. The products segment is further sub-segmented such as aneurysm coiling and embolization devices which are further sub-divided into embolic coils, liquid embolic agents and the flow diversion devices. The cerebral balloon angioplasty and stenting systems segment are further sub-segmented into embolic protection systems and carotid artery stents. The support devices segment is further sub-segmented into microguide wires and microcatheters. The neurothrombectomy devices segment is further sub-divided into clot retrievers, snares and the suction and aspiration devices. On the basis of the end user, the global neurovascular devices/interventional neurology market is segmented into ambulatory surgical centers, hospitals and clinics. The global neurovascular devices/interventional neurology market is regionally diversified into regions such as Europe, North America, Asia Pacific and Rest of the World.
Global Neurovascular Devices/Interventional Neurology Market: Growth Factors
The factors that are driving the neurovascular devices/interventional neurology market are the increasing number of aging and obese people and the growing researches and developments in the interventional neurology market. The factors such as the increase in the demand for minimum invasive surgeries for the neurovascular treatment and the increase in the number of patients suffering from ischemic strokes and hemorrhagic diseases are contributing to the global market growth. According to the recent study, it was suggested that it is better to opt for the interventional procedure rather than neurosurgery, as there is less damage to the surrounding tissues, a minimum possibility of infection in the post-surgical phase, less amount of surgical trauma and not as much of surgical scars. The restraining factors that are hampering the neurovascular devices/interventional neurology market growth are the lack of skilled neurologists and strict regulatory policies imposed.
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Global Neurovascular Devices/Interventional Neurology Market: Regional Analysis
On the basis of the geographic regions, the global neurovascular devices/interventional neurology market is diversified into South America, North America, Western Europe, Eastern Europe, Asia-Pacific, and the Middle East and Africa. The region dominating the neurovascular devices/interventional neurology market is North America, which is followed by Europe. Asia Pacific region is also growing at a rapid pace owing to the rise in awareness among the neurologist about the advantages of interventional neurology devices and the low cost of the neurovascular devices in the region. The growth in the North American region is owing to the factor such as significant adoption of the devices, favorable reimbursement scenario and a large amount of the interventional neurology devices manufacturers.
Global Neurovascular Devices/Interventional Neurology Market: Competitive Players
The key players in the global neurovascular devices/interventional neurology market are Medtronic, Plc., Terumo Corporation, W. L. Gore & Associates, Inc., Abbott Laboratories, Stryker Corporation, Johnson & Johnson, Merit Medical Systems, Inc. and Penumbra, Inc.
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