Market Overview and Dynamics
The Europe neurovascular devices market is expected to reach US$ 773.41 Mn in 2027 from US$ 999.65 Mn in 2019. The market is estimated to grow with a CAGR of 3.4% from 2020-2027. Key factors that are driving growth of Europe Neurovascular Devices market are Increasing Incidences of neurovascular diseases, rising demand for minimally invasive procedures, and significantly growing aging population. However, the market is expected to grow at slower pace owing to the factors such as high cost of embolization coils and lack of expert professionals operating neurovascular disorders.
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Market Introduction
Neurovascular devices are used to treat neurovascular diseases that possibly affect the network of blood vessels that surround the brain. Neurovascular disorders lead to incurable conditions such as strokes and aneurysms. Neurovascular devices are used to prevent stroke, aneurysm embolization, carotid stenosis, and other symptoms. Neurovascular devices are also used for performing surgical procedures to treat aneurysms and other cranial blood flow problems.
Europe Neurovascular Devices Strategic Insights
Strategic insights for the Europe Neurovascular Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Europe Neurovascular Devices Report Scope
| Attribute | Details |
| Market Size (2019) | US$ 999.65 Million |
| Market Size (2027) | US$ 773.41 Million |
| Global CAGR (2020–2027) | -3.4% (Decline) |
| Historical Data | 2017–2018 |
| Forecast Period | 2020–2027 |
| Segments Covered – Product | Neurothrombectomy, Coiling & Embolization, Angioplasty & Stenting Devices |
| Segments Covered – Application | Aneurysms, Ischemic Strokes, AVM & Fistulas, Others |
| Segments Covered – End User | Hospitals, Ambulatory Surgical Centers, Specialized Clinics |
| Regions Covered | Europe (UK, Germany, France, Russia, Italy, Rest of Europe) |
| Key Companies | Medtronic, J&J (DePuy), Penumbra, Terumo, MicroPort, Integer, Memry, Phenox |
Europe Neurovascular Devices Regional Insights
The geographic scope of the Europe Neurovascular Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Key Market Segments
The Europe neurovascular devices market, based on the product was segmented into neurothrombectomy devices, aneurysm coiling & embolization devices, cerebral balloon angioplasty & stenting systems and support devices. The aneurysm coiling & embolization devices held the largest share of the market in 2019, and is anticipated to register the highest CAGR in the market during the forecast period.
The Europe neurovascular devices market, based on the application was segmented into cerebral aneurysms, ischemic strokes, arteriovenous malformation & fistulas, and other applications. In 2019, ischemic strokes segment held the largest share of the market and is expected to register the highest CAGR in the market during the forecast period.
Based on end user, the Europe neurovascular devices market, was segmented into hospitals, ambulatory surgical centers and specialized clinics. In 2019, hospitals segment held the largest share of the market and is registered to dominate the market at the highest CAGR during the forecast period.
Major Sources and Companies Listed
Some of the major primary and secondary sources for Europe neurovascular devices market included in the report are Societa Italiana Di Neuroscienze (SINS); Agenzia Sanitaria e Sociale Regionale (ASSR); World Stroke Organisation (WSO); and World Health Organisation (WHO); among others.
Reasons to buy the report
- To understand the Europe neurovascular devices market scope and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe neurovascular devices market.
- Efficiently plan M&A and partnership deals in Europe neurovascular devices market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe neurovascular devices market.
- Obtain market revenue forecast for market by various segments from 2019 to 2027 in Europe.
Europe North America Neurovascular Devices market –
| Category | Subcategories |
| By Product | Neurothrombectomy Devices Clot Retrieval Devices Suction & Aspiration Devices Snares Aneurysm Coiling & Embolization Devices: – Embolic Coils — Bare Detachable Coils — Coated Detachable Coils – Flow Diversion Devices – Liquid Embolic Agents Cerebral Balloon Angioplasty & Stenting Systems: – Carotid Artery Stents – Embolic Protection Systems — Balloon Occlusion Devices — Distal Fillers Support Devices: – Microcatheters – Microguidewires |
| By Application | Cerebral Aneurysms Arteriovenous Malformation & Fistulas Other Applications |
| By End User | Hospitals Ambulatory Surgical Centers Specialized Clinics |
| By Country | UK Germany Spain Italy France |
| Company Profiles | Medtronic plc Johnson and Johnson, Inc (DePuy Synthes) Penumbra, Inc Terumo Corporation MicroPort Scientific Corporation Integer Holdings Corporation Memry Corporation Phenox GmbH |
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
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