Global Neurovascular Devices Market Size Worth over USD 7,011 Million in 2035 | Roots Analysis
Global Neurovascular Devices Market Overview
The neurovascular devices market is estimated to grow from USD 3,325 million in 2024 to reach USD 3,571 million in 2025 and USD 7,011 million by 2035, representing a higher CAGR of 6.98% during the forecast period.
The growth in the global neurovascular devices market size over the next decade is likely to be the result of a rise in the demand for advanced, targeted and minimally invasive techniques for an effective treatment of neurovascular disorders. Neurovascular devices include catheters, embolic devices and guidewires which selectively repair the disrupted blood flow within the brain. These targeted devices have emerged as a potential alternative to conventional surgical methods owing to their several benefits such as high precision, reduced complications and better patient outcomes.
Key Report Takeaways
Currently, more than 50 device developers, globally, are engaged in developing neurovascular devices; around 70% of these devices are developed by mid-sized and small players headquartered in developed geographies
- Around 90% of the neurovascular devices are already commercialized; owing to the fact that these devices reduce the chances of disease recurrence and have higher success rate
- In pursuit of expanding the neurovascular devices portfolio, the partnership activity in this domain has witnessed a substantial growth with an annualized rate of 52% since 2019
- Owing to various advantages offered by neurovascular devices in improving patient care outcomes, multiple investors have extended financial support; over USD 1.5 billion has been invested in the last few years
- As a result of the growing demand for minimally invasive devices, the global neurovascular devices market is likely to grow at a CAGR of 7.02% over the forecast period
- The global neurovascular devices market is expected to be well distributed across different type of device, therapeutic application, end users, key geographical regions and key leading players
Competitive Landscape of Global Neurovascular Devices Market
The global neurovascular devices market landscape features over 340 commercialized and under-development stage devices. Overall, the market landscape of neurovascular devices is well-fragmented, featuring the presence of very small, small, mid-sized, large, and very large device developers, which claim to have the required expertise and technologies to develop and commercialize neurovascular devices for different types of neurovascular conditions. It is interesting to highlight that most of these (~41%) neurovascular devices companies are located in North America, followed by Asia-Pacific; prominent hubs in North America include US and Canada. Additionally, key players, including Johnson & Johnson, Medtronic Inc., MicroVention, Penumbra Inc. and Stryker Corporation offer more than 20 neurovascular devices within their respective portfolios.
Global Neurovascular Devices Market Regional Outlook
Based on the key geographical regions, the
Latin America is likely to exhibit lucrative opportunities owing to increasing prevalence of neurovascular disorders cases. The preference towards advanced neuro interventional devices is one of the promising growth factor in the Latin America.
Global Neurovascular Devices Market Key Players
Examples of key companies engaged in global neurovascular devices market (which have also been profiled in this market report; the complete list of companies is available in the full report) include:
- Acandis
- Achieva Medical
- Balt
- HeMo Bioengineering
- Johnson & Johnson
- Medtronic Inc.
- MicroVention
- Penumbra Inc.
- Phenox
- Shanghai Heartcare Medical Technology
- Stryker Corporation
- Zylox-Tonbridge
To get market data, market insights, financial statements and a comprehensive analysis of the Global Neurovascular Devices Market, please contact sales@rootsanalysis.com
Global Neurovascular Devices Market Segments
Based on the research, Roots Analysis has segmented the Global Neurovascular Devices Market into Type of Device, Therapeutic Application, End Users, Key Geographical Regions and Key Leading Players
Global Neurovascular Devices Market, by Type of Device
- Neurothrombectomy Devices
- Embolization Devices
- Angioplasty Devices
Global Neurovascular Devices Market, by Therapeutic Application
- Ischemic Stroke
- Aneurysm
- Stenosis
- Arteriovenous Malformations (AVMs)
Global Neurovascular Devices Market, by End User
- Hospitals and Specialty Clinics
- Ambulatory Care Centres
- Other End Users
Global Neurovascular Devices Market, by Key Geographical Regions
- North America
- Europe
- Asia-Pacific
- Middle East and North Africa
- Latin America
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