Devices used to treat several neurovascular diseases such as arteriovenous malformations, atherosclerosis, aneurysms, etc. that affect nervous system and brain are called as neurovascular devices.
A major factor driving growth of the global neurovascular devices market is rising prevalence of neurovascular disorders among individuals across the globe. In addition, rising number of geriatric population and rising demand for minimally invasive surgical procedure are other factors fueling growth of the global market. High cost of neurovascular devices is a factor hampering growth of the global market to a certain extent currently.
The global market report is segmented on the basis of product, application, end-use, and region. On the basis of product, the global market is segmented into cerebral embolization and aneurysm coiling devices, cerebral angioplasty and stenting systems, neurothrombectomy devices, and support devices. On the basis of application, the global market is segmented into ischemic strokes, cerebral aneurysms, arteriovenous malformation and fistulas, and others.
On the basis of end-use, the global market is segmented into hospitals, ambulatory surgical units, and clinics. The hospital segment accounts for highest revenue share in the global market and is expected to witness significant growth in the global market during the forecast period.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market accounts for highest share in terms of revenue in the global market. The Asia Pacific neurovascular devices market is expected to witness highest growth in terms of revenue in the global market during the forecast period.
Key market players in the global market are Stryker Corporation, Medtronic PLC, Boston Scientific Corporation, Johnson & Johnson Services Inc., Abbott Laboratories, Terumo Corporation, Penumbra Inc., MicroPort Scientific Corporation, Merit Medical Systems, Inc., W.L. Gore & Associates, Inc., and other prominent players.