The North America Neurovascular Devices Market is poised for significant growth, with the aneurysm coiling & embolization devices segment expected to lead the market during the forecast period. According to the report, the market is projected to grow from US 1,004.75 million in 2019 to US 1,004.75 million in 2019 to US 1,389.28 million by 2027, at a compound annual growth rate (CAGR) of 4.2% from 2020 to 2027.
Key Insights:
- Aneurysm Coiling & Embolization Devices Dominate the Market:
- This segment held the largest market share in 2019 and is expected to register the highest CAGR during the forecast period.
- The growth is driven by the increasing prevalence of cerebral aneurysms and the rising demand for minimally invasive procedures.
- In the U.S., approximately 30,000 people suffer from brain aneurysm ruptures annually, with an annual rupture rate of 8 to 10 per 100,000 people.
- Market Drivers:
- Increasing Incidences of Neurovascular Diseases: The rising prevalence of conditions like strokes, aneurysms, and arteriovenous malformations is fueling market growth.
- Aging Population: The growing elderly population, which is more susceptible to neurovascular disorders, is contributing to the demand for neurovascular devices.
- Minimally Invasive Procedures: There is a significant shift toward minimally invasive surgical techniques, which are safer and more effective.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 – https://www.businessmarketinsights.com/sample/TIPRE00016226
- Market Restraints:
- High Cost of Embolization Coils: The expensive nature of these devices may hinder market growth.
- Lack of Skilled Professionals: A shortage of experts trained to operate neurovascular devices could slow down market expansion.
- Market Segmentation:
- By Product:
- Neurothrombectomy Devices (Clot Retrieval Devices, Suction & Aspiration Devices, Snares)
- Aneurysm Coiling & Embolization Devices (Embolic Coils, Flow Diversion Devices, Liquid Embolic Agents)
- Cerebral Balloon Angioplasty & Stenting Systems (Carotid Artery Stents, Embolic Protection Systems)
- Support Devices (Microcatheters, Microguidewires)
- By Application:
- Cerebral Aneurysms
- Arteriovenous Malformation & Fistulas
- Other Applications
- By End User:
- Hospitals
- Ambulatory Surgical Centers
- Specialized Clinics
- By Country:
- U.S.
- Canada
- Mexico
- By Product:
- Regional Insights:
- The U.S. is expected to dominate the market due to its advanced healthcare infrastructure, high prevalence of neurovascular diseases, and significant investments in research and development.
- Canada and Mexico are also anticipated to contribute to market growth, driven by increasing healthcare awareness and improving access to advanced medical treatments.
Conclusion:
The North America Neurovascular Devices Market is set to grow steadily, with the aneurysm coiling & embolization devices segment leading the way. The increasing prevalence of neurovascular diseases, coupled with the demand for minimally invasive procedures and a growing aging population, are key drivers of this growth. However, challenges such as the high cost of devices and a lack of skilled professionals may restrain the market to some extent. Overall, the market presents significant opportunities for innovation and expansion in the coming years.
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Author: Abhishek waydande
hi i am akshay
