The Neurointerventional Devices market is projected to grow during the forecast period owing to the key driving factors such as growing incidence of strokes and spinal injuries, increasing prevalence of movement disability, attributed to various neurological disorders, the market is likely to experience growth opportunities owing to the rising healthcare expenditures globally.
The major factors boosting the market growth are increasing demand for minimally invasive procedures, and the rise in the prevalence of the cerebral aneurysm is anticipated to drive the market. However, the high cost of neurointerventional devices is hampering the growth of the market. Several companies are concentrating on organic strategies, such as product launch and product approvals. For instance, in May 2019, Stryker received pre-market FDA approval for Neuroform Atlas Stent System Neuroform Atlas is only the second adjunctive stent to be given PMA clearance in combination with detachable embolic coils for the treatment of wide-neck, intracranial aneurysms.
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Medtronic, Stryker, iVascular S.L.U., Terumo Corporation, Boston Scientific Corporation, Merit Medical Systems, Penumbra, Inc., Rapid Medical, MicroPort Scientific Corporation, and InspireMD, Inc. among others
The global neurointerventional devices market, based on the technique, was segmented into neurothrombectomy, stenting, coiling procedure, cerebral angiography, and flow disruption. In 2018, the neurothrombectomy accounted for the largest market share in the global neurointerventional devices market by technique. Technological development in neurothrombectomy procedures and its high acceptance by healthcare professionals are the major factors driving the growth of the segment. The primary factor for the growth of the market is the increasing adoption of neurothrombectomy techniques.
The “Global Neurointerventional Devices Market Analysis to 2027” is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of Neurointerventional Devices market with detailed market segmentation by product, application, and geography. The global Neurointerventional Devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Neurointerventional Devices market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Neurointerventional Devices market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Neurointerventional Devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Neurointerventional Devices market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Neurointerventional Devices market in these regions.
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Key Elements that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the “Neurointerventional Devices” market.
- Key market trends cracking up the growth of the “Neurointerventional Devices” market.
- Challenges to market growth.
- Key vendors of “Neurointerventional Devices” market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global “Neurointerventional Devices” market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
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This post was originally published on Space Market Research