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2022
Neurointerventional Devices Market

Neurointerventional Devices Market by Product (Embolic Coils, Intracranial Stents, Carotid Stents, Thrombectomy Devices, Intrassacular Devices, Balloons, Embolic Protection Devices, Liquid Embolics, and Stent Retrievers), Technique (Neurothrombectomy Procedures, Cerebral Angioplasty, Stenting, Coiling Procedures, and Flow Disruption), and Application (Hospitals, Ambulatory Surgical Centers, and Other): Global Opportunity Analysis and Industry Forecast, 2021–2030

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COVID-19

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Neurointerventional is a complex medical specialty useful for those individuals who are suffering from neuro-related disorders and diseases. The nervous system is prone to various disorders that affect the spine, peripheral nerves, brain, and spinal cord. Symptoms such as seizures, weakness, perception, complete or partial analysis, loss of bowel, cognition or emotional state, and bladder control are due to different neurological disorders.

Neurosurgery is the most modernized & advanced method for treatment and diagnosis, which combines computerized tomography, computer-assisted imaging, magnetoencephalography, magnetic resonance imaging (MRI), & stereotactic radiosurgery. Some of the common neurosurgeries include microsurgery, craniotomy, oncological neurosurgery, stereotactic neurosurgery & neuroendoscopy (endoscopic endonasal surgery).

There are multiple varieties of neurointerventional devices like embolic coils, flow diverters, neurovascular stents, support devices, aneurysm clips, aspiration devices, and support devices, useful in performing neurosurgeries.

Market Scope and Structure Analysis:

Report Metric

Details

Market size available for years

  2021–2030

  Base year considered

  2020

  Forecast period

  2021–2030

  Forecast units

  Value (USD)

  Segments covered

  Product, Technique, Application, and Region

  Geographies covered

  North America, Europe, Asia-Pacific, and LAMEA

  Companies covered

Major players analyzed include DePuy Synthes, Inc., Medtronic PLC, Stryker Corp., Terumo Corp

 

Impact of COVID-19 Pandemic on the Neurointerventional Devices Market

  • The outbreak of COVID-19 is likely to have a moderate impact on the market in the forecast period. Research and development activities to identify the threat of SARS-CoV-2 virus on the patients suffering are likely to slow the neurointerventional devices market growth.
  • COVID-19 has brought about a significant burden on the healthcare industry globally, with disruption in the treatment of non-communicable diseases. Challenges exist in providing effective care.
  • Realizing the disturbing healthcare trends, governments are making efforts to provide excellent quality healthcare to patients globally.
  • Nationwide lockdowns, canceled or postponed elective surgeries, denied wound care services, rise in skin injuries may lead to a decline during the forecast timeline. However, on the flip side, the latter half of the forecast is predicted to show a drastic rise.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The cerebral disorder is commonly found in women and is one of the most common neurological disorders. Stress & changing lifestyles have resulted in the development of a variety of disorders such as anxiety or mood disorder.  Some of the common neurological disorders are multiple sclerosis, stroke, Alzheimer’s disease, Parkinson's disease, brain injuries, and neuro infections. More than 10% of deaths worldwide are caused due to neurological disorders. As per World Health Organization (WHO), nearly 350 million people suffer from depression worldwide. As per the Brain Aneurysm Foundation, there is nearly 50 million brains aneurysm-related death per year, out of which nearly half of the deaths are from people in age below 50 years.

Factors such as rise in prevalence of neurological disorders, awareness growth about new technologies, presence of a wide pool of patients in emerging economies, and technological advancements & innovation in neurological devices, like neuroendovascular stents, flow diversion devices, clot retrieval, balloon catheters, and liquid embolic are predicted to drive the growth of the neurointerventional devices market during the forecast timeline. Neurointervetional devices are likely to demonstrate substantial advancements & improvements in patient outcomes by resulting in life-sustaining treatments and with high quality. This is likely to provide huge potential for the growth of the market in both developing and developed countries with multiple ranges of opportunities.  Market players are investing in research and development for advancements of new products to gain huge market share worldwide.
North America is estimated to dominate the market due to the growth of the neurointerventional devices market. Significant rise in the number of patients undergoing treatment for different neurosurgical processes in the U.S. For example, as per the American Academy of Neurology, neurological disorders stood for 7% of the diseases globally in the year 2014.

Europe stands second in the market with chronic pain to be one of the major issues with the increasing cerebral disorder cases. In the year 2015, disposable income in Europe for healthcare amounted to 18% of the overall expenditure of the government.

Key Segments Covered:

Segments

Sub-segments

  Product

  • Embolic Coils
  • Intracranial Stents
  • Carotid Stents
  • Thrombectomy Devices
  • Intrassacular Devices
  • Balloons
  • Embolic Protection Devices
  • Liquid Embolics
  • Stent Retrievers

  Technique

 

  • Neurothrombectomy Procedures
  • Cerebral Angioplasty
  • Stenting
  • Coiling Procedures
  • Flow Disruption

 

  Application

  • Hospitals
  • Ambulatory Surgical Centers
  • Other

  Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global neurointerventional devices market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global neurointerventional devices market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the global neurointerventional devices market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global neurointerventional devices market analysis based on competitive intensity and how the competition will take shape in the coming years. 
  • Questions Answered in the Neurointerventional Devices Market Research Report:
  • What are the leading market players active in the neurointerventional devices market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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