Neurovascular Devices Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027Price: 3200/- USD | Published Date: May 3, 2020 |
The global neurovascular devices market size was accounted for more than USD 2.5 billion in 2019 and expected to register a significant CAGR of more than 6% during the forecast period 2020 to 2027. Increasing demand for minimally invasive procedures, the prevalence of the neurological disorder, and the growing demand for neurovascular devices are expected to boost the market growth. The stringent regulatory scenario and lack of skilled neurosurgeons can be a hindrance to the growth of the market.
The market is segmented on the basis of device type, therapeutic application, and region. On the basis of the device, the segment is classified into cerebral embolization and aneurysm coiling devices, neuro thrombectomy devices, cerebral angioplasty and stenting systems, and support devices. The cerebral embolization and aneurysm coiling devices segment held the largest share of neurovascular devices market in 2019 due to increased demand for neurological conditions such as stroke, AVMs, and brain aneurysm. In addition, the support devices segment is accounted for as the fastest-growing segment during the forecast period.
On the basis of application, the market is classified into the cerebral aneurysm, cerebral artery stenosis, stroke, and other therapeutics. The stroke segment was valued as the largest segment in terms of revenue in 2019 due to increasing patients of hypertension, a growing number of stroke, and the increasing number of NGOs awareness initiatives across the globe. Due to the increasing proliferation of acute ischemic stroke, Asia Pacific is projected to grow at the highest CAGR during the forecast period.
The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.
The report titled "Neurovascular Devices Market: Global Industry Size, Share, Market Trends, Competitive Analysis and Forecast - 2020-2027", recently published by Research Corridor covering global market size for neurovascular devices market for the key segments and further cross-regional segmentation of these segments for the period 2020 to 2027.
According to Research Corridor, this study will provide in-depth analysis of segments on the basis of current trends, market dynamics and country level analysis of neurovascular devices industry. This report provides market estimates and forecast for the period 2018-2027, along with respective CAGRs for each segment and regional distribution for the period 2020-2027. In depth analysis of competitive landscape, porter's five forces model, value chain analysis, and pricing strategies are also covered in the report scope.
Historical & Forecast Period
- 2018 - Historical Year for Neurovascular Devices Market
- 2019 - Base Year for Neurovascular Devices Market
- 2020-2027 - Forecast Period for Neurovascular Devices Market
The neurovascular devices market report offers a primary overview of the neurovascular devices industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the neurovascular devices industry.
Neurovascular Devices Market Segmentation:
- Cerebral Embolization and Aneurysm Coiling Devices
- Cerebral Angioplasty and Stenting Systems
- Neurothrombectomy Devices
- Support Devices
- Cerebral Artery
- Cerebral Aneurysm
List of Key Companies:
- Microport Scientific Corporation
- Johnson and Johnson Services Inc.
- Microvention Inc
- North America Market Revenue and/or Volume
- Europe Market Revenue and/or Volume
- Asia Pacific Market Revenue and/or Volume
- Middle-East and Africa Market Revenue and/or Volume
- Latin America Market Revenue and/or Volume
Key Questions Answered by Neurovascular Devices Market Report
- Which segments (product type/applications/end-use/technology, etc) were most attractive for investments in 2019? How are these segments expected to fare during the forecast period 2020-2027?
- What will be the CAGR (Compound Annual Growth Rate) of neurovascular devices market during the forecast period?
- What was the neurovascular devices market size in 2018 and 2019; what are the estimated growth trends and market forecast for 2020-2027?
- Which manufacturer/vendor/provider in the neurovascular devices industry was the market leader in 2019? Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market?
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