What is Global Neurovascular Embolization Device Market?
The Global Neurovascular Embolization Device Market is a specialized sector within the broader medical device industry. It focuses on the production and distribution of devices used in neurovascular embolization procedures. These procedures are typically performed to treat conditions such as brain aneurysms and arteriovenous malformations. The market is driven by factors such as technological advancements, increasing prevalence of neurovascular diseases, and growing demand for minimally invasive procedures. The market encompasses a wide range of products, including embolization coils, flow diversion stents, liquid embolic systems, and aneurysm clips, among others. These devices are designed to prevent blood flow to certain areas of the brain, thereby reducing the risk of rupture and subsequent brain damage.
Embolization Coils, Flow Diversion Stents, Liquid Embolic Systems, Aneurysm Clips in the Global Neurovascular Embolization Device Market:
The Global Neurovascular Embolization Device Market is segmented based on the type of device used in the procedure. Embolization coils are small, spring-like devices that are placed in an aneurysm to promote clotting and prevent rupture. Flow diversion stents, on the other hand, are used to divert blood flow away from an aneurysm. Liquid embolic systems involve the injection of a liquid agent into the blood vessels to block blood flow to an aneurysm or arteriovenous malformation. Lastly, aneurysm clips are small, metal clips that are placed around the neck of an aneurysm to stop blood flow and prevent rupture. Each of these devices plays a crucial role in the treatment of neurovascular conditions, and their demand is influenced by factors such as the prevalence of these conditions, the availability of skilled healthcare professionals, and the level of healthcare infrastructure in different regions.
Hospital, School Of Medicine, Other in the Global Neurovascular Embolization Device Market:
The usage of devices from the Global Neurovascular Embolization Device Market is widespread across various settings. Hospitals, in particular, are major end-users of these devices, given the complexity of the procedures and the need for specialized equipment and trained personnel. In addition to hospitals, schools of medicine also utilize these devices for teaching and research purposes. Other settings where these devices are used include private clinics and research institutions. The usage of these devices in different settings is influenced by factors such as the prevalence of neurovascular conditions, the availability of funding for healthcare and research, and the level of awareness about these conditions and their treatment options.
Global Neurovascular Embolization Device Market Outlook:
Based on our research, the global market for medical devices, which includes the Global Neurovascular Embolization Device Market, is projected to reach a value of US$ 603 billion by the year 2023. This represents a significant increase from its current value, and this growth is expected to occur at a compound annual growth rate (CAGR) of 5% over the next six years. This growth is driven by factors such as technological advancements, increasing prevalence of neurovascular diseases, and growing demand for minimally invasive procedures. The market's growth is also supported by the increasing investment in healthcare infrastructure and research, as well as the growing awareness about neurovascular conditions and their treatment options.
| Report Metric | Details |
| Report Name | Neurovascular Embolization Device Market |
| Accounted market size in year | US$ 603 billion |
| CAGR | 5% |
| Base Year | year |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Medtronic, Stryker, Terumo, Johnson & Johnson Services, Penumbra, Balt Extrusion, B. Braun Melsungen, Integra LifeSciences, Resonetics, Acandis |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
