What is Global Neurovascular Devices Support Devices Market?
The Global Neurovascular Devices Support Devices Market is a specialized sector within the broader medical devices industry. It focuses on the production and distribution of support devices that are used in neurovascular procedures. These devices are crucial in the treatment of conditions that affect the blood vessels of the brain and spinal cord, such as stroke, aneurysms, and vascular malformations. The market is driven by the increasing prevalence of these conditions, advancements in medical technology, and the growing demand for minimally invasive procedures. The market is also influenced by factors such as regulatory policies, reimbursement scenarios, and the economic environment. As of 2023, the market was valued at US$ 14 million and is projected to reach US$ 17 million by 2030, growing at a compound annual growth rate (CAGR) of 2.4%.
Microcatheters, Microguidewires in the Global Neurovascular Devices Support Devices Market:
Microcatheters and Microguidewires are two key products in the Global Neurovascular Devices Support Devices Market. Microcatheters are small, flexible tubes that are used to deliver medications, fluids, or small medical devices directly to the blood vessels in the brain. They are often used in procedures such as angioplasty, stenting, and thrombolysis. On the other hand, Microguidewires are thin, flexible wires that are used to guide catheters or other medical devices to the treatment site. They are essential in navigating the complex network of blood vessels in the brain and spinal cord. Both these products have seen significant advancements in recent years, with improvements in design, materials, and technology. These advancements have led to increased efficiency, safety, and success rates in neurovascular procedures, thereby driving the demand for these products in the market.
Hospitals, Clinics, Ambulatory Surgical Units in the Global Neurovascular Devices Support Devices Market:
The Global Neurovascular Devices Support Devices Market finds its applications in various healthcare settings such as hospitals, clinics, and ambulatory surgical units. In hospitals, these devices are used in neurosurgery departments, intensive care units, and emergency departments for the treatment of acute conditions such as stroke and aneurysms. In clinics, they are used in outpatient procedures for the treatment of conditions that do not require hospitalization. Ambulatory surgical units, on the other hand, use these devices in day surgeries or procedures that allow the patient to return home on the same day. The use of these devices in different settings is determined by factors such as the severity of the condition, the type of procedure, and the resources available.
Global Neurovascular Devices Support Devices Market Outlook:
Looking at the market outlook, in 2023, the Global Neurovascular Devices Support Devices Market was valued at US$ 14 million. It is expected to grow at a steady pace, reaching a value of US$ 17 million by 2030. This represents a compound annual growth rate (CAGR) of 2.4% during the forecast period from 2024 to 2030. In the broader context, the global market for medical devices was estimated to be worth US$ 603 billion in 2023. This market is projected to grow at a CAGR of 5% over the next six years. These figures highlight the significant potential and opportunities in the medical devices industry, including the neurovascular devices support devices market.
| Report Metric | Details |
| Report Name | Neurovascular Devices Support Devices Market |
| Accounted market size in 2023 | US$ 14 million |
| Forecasted market size in 2030 | US$ 17 million |
| CAGR | 2.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Stryker Corporation, Johnson & Johnson, Medtronic, Terumo, Penumbra, Microport Scientific Corporation, Abbott Vascular, W. L. Gore & Associates |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
