Neurovascular Devices Market size worth over $2.3bn by 2024

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Neurovascular Devices Market size worth over
2.3bn by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Neurovascular Devices Market

• Global antidiabetics market size was USD 51.1
  billion in 2015, with over 10 industry gains up
  to 2023.
• Global neurovascular devices market size will see
  over 4 growth, due to high prevalence of
  stenosis and ischemic strokes, ongoing government
  initiatives to modernize healthcare, and rise in
  demand for minimally invasive medical procedures.
• Germany neurovascular devices market size will
  grow at 3.6 reaching USD 86.1 million by 2024,
  whereas UK will grow at 3.4 CAGR.

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Continued...

• China and India will manifest fastest growth of
  5.9 and 5.5 respectively followed by Japan
  because of rise in GDP and increasing healthcare
  expenditure in these regions.  
• Advancements in minimally invasive surgical
  techniques and development in healthcare
  infrastructure will boost regional industry
  growth. 
• Key industry participants need to train and
  create awareness among neurosurgeons to expand
  the untapped regions in developing regions. 

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U.S. Neurovascular Devices Market Size, By
Therapeutic application, 2012- 2024 (USD Million)

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360 Analysis

• Product Analysis
• Product segments include embolic coils,
  intracranial stents, carotid stents,
  neurovascular thrombectomy, embolic protection
  devices, flow diverters, liquid embolic coils,
  intrasaccular devices, balloons, stent retrievers
  and others (accessory devices). In 2015, embolic
  coil, with more than 31 of neurovascular devices
  market revenue, dominated sales. Thrombectomy
  products could see over USD 300 million revenue
  by 2024. Stent retrievers and flow diverters will
  grow at a fastest rate over the forecast years.
• Regional Analysis
• In 2015, the U.S. accounted for 71.6 of regional
  share and will continue to lead the industry
  through the forecast timeline owing to high
  prevalence rate of brain aneurysm. Significant
  out of pocket healthcare expenditure,
  technological advancements in neurosurgeries,
  favorable medical reimbursement scenario and
  developed healthcare infrastructure are some key
  factors that will drive the demand for such
  devices.
• Competitive Market Share
• Neurovascular devices market share sees
  multinational giants such as Johnson Johnson
  (Depuy), Penumbra, Medtronic, Stryker and Terumo.
  This industry is highly consolidated with few
  operational companies focusing on inorganic
  growth to strengthen and expand their business
  presence globally.

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