Neurovascular Devices Market is anticipated to reach USD 9.5 billion by 2035

 

The neurovascular devices market was estimated to be worth USD 5.1 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 13.6% from 2025 to 2035, reaching USD 9.5 billion. From diagnosis to therapy and management of a variety of disorders affecting the blood arteries inside the brain and spinal cord, neurovascular devices are crucial.

The medical equipment used to treat conditions affecting the blood arteries and nerves in the brain and spinal cord is known as neurovascular devices. Neurosurgeons, radiologists, neurologists, and other medical professionals use the devices, which include a variety of tools such as stents, embolic coils, flow diverters, and more, to restore blood flow, reduce the risk of complications, and improve patients' neurovascular conditions.

 

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GROWTH DRIVERS

One of the key factors propelling the market is the increase in neurological conditions such as stroke, cerebral diseases, and other comparable abnormalities. Around 7.6 million incidents were reported globally in 2022, according to the World Stroke Organization (WSO). In 2021, almost 3.4 billion individuals, or 43% of the world's population, suffered from a neurological illness, including a stroke, according to the WHO.

One of the major factors driving the market for neurovascular devices is the aging population, which is more likely to suffer from neurological conditions including dementia and stroke. After the age of 55, the risk of stroke doubles every ten years, according to the Centers for Disease Control and Prevention. The market is growing as a result of healthcare organizations' and others' educational campaigns and programs, such as the Medical University of South Carolina and the WHO's Intersectoral Global Action Plan on Epilepsy and Other Neurological Disorders 2022–2031 (IGAP), which emphasize the value of early detection.

MARKET SEGMENTATION:

·         By Product Type– Aneurysm Coiling Devices, Embolization Devices, Cerebral Balloon Angioplasty, Stenting systems, Neuro-thrombectomy devices, support devices and others

·         By Application – Ischemic Stroke, Atherosclerosis, Hemorrhagic Strokes, Cerebral Aneurysm, Arteriovenous malformations, spinal stenosis, other therapeutic applications

·         By End-Users- Hospitals and Surgical centers, Ambulatory care centers and research and academic institutes

·         By Region- North America, Europe, Asia Pacific, The Middle East and Africa, South America

Global Key Players:

·         Stryker Corporation

·         Medtronic

·         Terumo Corporation

·         Penumbra Inc

·         Phenox GmbH

·         MicroPort Scientific Corporation

·         Johnson and Johnson

·         Integer Holdings

·         Acandis GmbH

·         NeuroVasc Technologies, Inc.

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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