The Global Interventional Neurology Market is projected to reach USD 2,684.6 million by 2024, according to a new report by published by Coherent Market Insights. Recommendations from the American Heart Association and American Stroke Association to use neurointerventional devices in stroke is a major factor boosting market growth.
Increasing demand for minimally invasive procedures is one of the prime factors driving adoption of neurointerventional devices worldwide. The American Heart Association and American Stroke Association recommends use of neurointerventional devices in treating stroke, due to which there has been an augmented demand for these devices in the recent past. In order to capitalize on this highly lucrative growth opportunity, a range of new products such as Solitaire stent retriever, EmboTrap stent retriever, and Penumbra 3D Revascularization Device have been launched in the recent past.
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Developed economies such as the U.S., Canada, U.K., Australia, Japan, and Germany are witnessing rapid shift from conventional surgical methods to minimally invasive therapies. Moreover, there is a shift towards adopting detachable and bare platinum coils as against the highly priced coated coils. According to the Brain Aneurysm Foundation, around six million people in the U.S. i.e. one in 50 people suffer from brain aneurysm every year. High incidence rate of stroke and aneurysm is expected to continue strengthening demand for neurointerventional devices in the U.S. market.
Key players operating in the global interventional neurology market are adopting inorganic growth strategies to widen product portfolio and expand geographic presence in market.
Technological advances and product innovations in neurointerventional devices provide better outcomes in surgeries, which in turn is propelling demand for neurointerventional devices
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Key takeaways of the market include:
Detailed Segmentation:
Global Interventional Neurology Market, By Product Type:
Global Interventional Neurology Market, By Technique:
Global Interventional Neurology Market, By Therapeutic Application:
Global Interventional Neurology Market, By End User
Global Interventional Neurology Market, By Geography:
Company Profiles
– Company Overview
– Product Portfolio
– Financial Performance
– Key Strategies
– Recent Developments
– Future Plans
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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