Neurovascular Devices Market Analysis

Neurovascular DevicesMarket: Segmentation

Neurovascular Devices/Interventional Neurologymarket is classified on the basis of product type, technology type, end users and geography.

Neurovascular Devices Market: Overview

Interventional neurology is the procedure that refers to special kind of endovascular procedure within the spinal cavity or within the vessels of the brain, imaging guidance, utilizing minimally invasive techniques and special micro catheter, guide wire and other small devices to treat stroke and other neurological disorders. In 2015, the embolization & coiling technology segment is estimated to account for the largest market share, while the Cerebral Balloon Angioplasty & Stenting technology segment is expected to be the fastest growing segment. High growth of Cerebral Balloon Angioplasty & Stenting segment can be attributed to the expansion adoption of balloon catheter and carotid stents among neurologists, increasing in population of patient suffering from ischemic strokes and atherosclerosis, increasing interventional neurologists, hospitals and neurosurgical centers and improvement in reimbursement scenario across developed countries.

Neurovascular DevicesMarket: Region-wise Outlook

Depending on geographic regions, global neurovascular devices/interventional neurologymarket is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. North America is expected to command the largest market share in 2015, followed by Europe. Asia Pacific is expected to grow at the highest CAGR in the next five years, owing to rising awareness among neurologists related to benefits of interventional neurology devices and decreasing prices of neurovascular devices in Asia Pacific. Strong growth of neurovascular devicesmarket in North America can be attributed to factor such as favourable reimbursement scenario, significant adoption of interventional neurology devices among neurologists and large presence of device manufacturers in the region.

Neurovascular Devices Market: Key Players

The global neurovascular devices/interventional neurology market is dominated by Medtronic, plc (U.S.), Stryker Corporation (U.S.), Terumo Corporation (Japan), Johnson & Johnson (U.S.), W. L. Gore & Associates, Inc. (U.S.), Merit Medical Systems, Inc. (U.S.), Abbott Laboratories (U.S.), Penumbra, Inc. (U.S.). Strategic acquisitions, geographic expansion, agreements, new product launches and collaborations are the major adopted strategies by most key players to achieve growth in the global neurovascular devices/interventional neurology market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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