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Neurovascular Devices Market Demand will reach a value of US$ 7ย Billion by the year 2033 at a CAGR of 9% | Data analysis by Transparency Market Research Inc.

03-12-2024 08:34 AM CET | Health & Medicine

Press release from: Transparency Market Research

Neurovascular Devices

Neurovascular Devices

A neurological device is a non-surgical specialty that treats the most complicated and hazardous illnesses of the neck, brain, and spine with minimally invasive, image-guided procedures. Neurosurgery is a surgical practice or specialization for the treatment of neurovascular disorders. Neurology is a discipline of medicine that deals with problems of the nervous system and brain as a whole.

The global sales of the ๐๐ž๐ฎ๐ซ๐จ๐ฏ๐š๐ฌ๐œ๐ฎ๐ฅ๐š๐ซ ๐ƒ๐ž๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ in 2022 were held atย US$ 3.1 Bn.ย With a CAGR ofย 7.6%ย duringย 2023 - 2033,ย theย marketย is projected to reach a valuation ofย US$ 7 Bnย by 2033.

๐†๐ž๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐…:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=68459&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

Cerebral Embolization and Aneurysm Coiling Devicesย are expected to be the highest revenue-generating segment, projected to grow at a CAGR of aroundย 9%ย during 2023 - 2033.

The realm of neurovascular medicine pertains to the diagnosis and treatment of various disorders affecting both the peripheral and central nervous systems. Conditions such as cerebral hemorrhage and brain aneurysms often stem from the weakening of arteries, contributing to adult impairment primarily attributed to neurovascular diseases.

Nonetheless, technological advancements have emerged as pivotal aids for healthcare professionals in alleviating the burdens associated with neurovascular ailments. Utilizing materials like nitinol, cobalt, and platinum, among others, neurovascular devices are tailored to meet the specific requirements for aneurysm repair and ischemic stroke prevention.

The global neurovascular devices industry is experiencing substantial growth driven by several factors, including the escalating incidence of neurovascular disorders worldwide and the expanding elderly demographic. Moreover, the increasing preference for minimally invasive surgical procedures is bolstering the worldwide market's progression.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

Medtronic,Microport Scientific Corporation,Penumbra Inc,Stryker,Johnson & Johnson Services Inc.,Microvention Inc.,Codman Neuro

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ:

By Product Type

Cerebral Embolization and Aneurysm Coiling Devices
Embolic Coils
Flow Diversion Devices
Liquid Embolic Agents
Cerebral Angioplasty and Stenting Systems
Carotid Artery Stents
Embolic protection
Neurothrombectomy Devices
Clot Retrieval Devices
Suction Devices
Vascular Snares
Support Devices
Micro Catheters
Micro Guidewires

By Therapeutic Application

Stroke
Cerebral Artery Stenosis
Cerebral Aneurysm
Other Therapeutic Applications

By Region

North America
Latin America
Europe
APAC
MEA

๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ:

In 2020, Johnson & Johnson announced the launch of Cerenovus Stroke Solutions, which is a set of three devices to assist physicians in clot removal treatments. The Cerenovus Large Bore Catheter, Cerebase DA Guide Sheath, and Embotrap III Revascularization Device are among the devices.

In August 2020, After receiving FDA clearance, Stryker Corporation released the Surpass Evolve Flow Diverter in the United States.

๐†๐ž๐ญ ๐“๐ก๐ข๐ฌ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ, ๐ˆ๐ง๐ฌ๐ญ๐š๐ง๐ญ๐ฅ๐ฒ:
https://www.transparencymarketresearch.com/checkout.php?rep_id=68459<ype=S&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐‚๐ก๐š๐ฅ๐ฅ๐ž๐ง๐ ๐ž๐ฌ:

Drivers:

Technological Advancements in Neurovascular Devices
Increasing Prevalence of Neurological Disorders
Growing Geriatric Population
Favorable Reimbursement Policies

Challenges:

High Cost of Neurovascular Procedures
Stringent Regulatory Approval Processes
Limited Awareness in Developing Regions

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

Minimally Invasive Neurovascular Procedures
Shift towards Combination Therapies
Focus on Patient-Centric Approaches
Integration of Artificial Intelligence and Robotics

๐…๐ฎ๐ญ๐ฎ๐ซ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:

The future of the neurovascular devices market looks promising, with ongoing research and development activities aimed at introducing innovative treatment modalities and devices. Emerging economies are expected to offer lucrative opportunities for market players, given the increasing healthcare investments and improving healthcare infrastructure.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Œ๐จ๐ซ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐“๐Œ๐‘:

๐๐ซ๐ž๐ฌ๐ฌ๐ฎ๐ซ๐ž ๐‘๐ž๐ฅ๐ข๐ž๐Ÿ ๐‚๐ฎ๐ฌ๐ก๐ข๐จ๐ง๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ- https://www.globenewswire.com/news-release/2023/03/17/2629603/0/en/Pressure-Relief-Cushions-Market-Revenue-to-Cross-USD-96-Million-by-2033-Transparency-Market-Research.html

๐‚๐š๐ซ๐›๐จ๐ง ๐๐š๐ญ๐ญ๐ž๐ซ๐ฒ ๐๐š๐ง๐ค ๐Œ๐š๐ซ๐ค๐ž๐ญ- https://www.globenewswire.com/news-release/2023/03/17/2629565/0/en/Carbon-Battery-Bank-Market-to-Surpass-a-Valuation-of-US-10-2-Million-by-2033-Owing-to-Surge-in-Demand-for-Carbon-Battery-Banks-among-Commercial-End-users-Transparency-Market-Resear.html

๐€๐›๐จ๐ฎ๐ญ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

Transparency Market Research, a globalย market research companyย registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.comย  ย ย 
Email:ย sales@transparencymarketresearch.com
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