Neurovascular Devices Market forecast to reach $2.3bn by 2024 - PowerPoint PPT Presentation

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Neurovascular Devices Market forecast to reach $2.3bn by 2024


Get more information @ 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. – PowerPoint PPT presentation

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Title: Neurovascular Devices Market forecast to reach $2.3bn by 2024

Neurovascular Devices Market share forecast to
grow at 4.1 CAGR from 2016 to 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Key Insights from Neurovascular Devices Market
  • According to Global Market Insights, Inc.,
    Neurovascular Devices Market is slated to surpass
    a revenue of USD 2.3 billion by 2024, growing
    with a CAGR of 4.1 over 2016-2024.
  • Escalating prevalence of brain-related disorders
    coupled with the popularity of minimally invasive
    surgeries will spur neurovascular devices market.
  • The demand for minimally invasive surgeries has
    perpetually increased worldwide, propelled by the
    reduced hospital stays, favorable medical
    insurance and reimbursement policies, and the
    convenience and accuracy of these surgical
  • This market is highly consolidated and includes
    the participation of giants such as Stryker,
    Johnson Johnson, Terumo, Medtronic, and

  • The lack of skilled neuro-medical experts and the
    rising cost of neurovascular devices is likely to
    pose a restraint to global neurovascular devices
    industry growth.
  • Neurovascular devices are principally utilized in
    end-use sectors such as hospitals, ambulatory
    surgical units, and clinics.
  • Speaking of the United States, the country
    accounted for more than 71.6 of global
    neurovascular devices market share in 2015 and is
    projected to grow remarkably over the coming
    years, essentially driven by the highly developed
    medical infrastructural facilities, a rapidly
    rising patient pool, increased healthcare
    expenditure, and technological innovations in
  • The rise in healthcare spending is also observed
    to be a major growth driver for APAC
    neurovascular devices industry, especially across
    countries such as India, China, and Japan.

  • Neurovascular devices comprise embolic protection
    devices, liquid embolic coils, embolic coils,
    stent retrievers, flow diverters, carotid stents,
    balloons, neurovascular thrombectomy,
    intracranial stents, and intrasaccular devices.
  • Embolic coils dominated the product landscape of
    neurovascular devices industry by accounting for
    a share of more than 30 of the overall revenue
    in 2015.
  • Neurovascular devices find applications in
    stenosis, brain aneurysm, and ischemic strokes.
    The world is witnessing an exponential rise in
    the number of patients suffering from aneurysms
    and strokes.
  • Strategic mergers acquisitions are key growth
    strategies adopted by neurovascular devices
    market players for expanding their presence
    across the globe. Such collaborations also help
    companies concentrate on clinical trials to
    enable the marketing of cost-effective procedures.

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


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