Market Overview and Dynamics
The North America neurovascular devices market is expected to reach US$ 1389.28 Mn in 2027 from US$ 1,004.75 Mn in 2019. The market is estimated to grow with a CAGR of 4.2% from 2020-2027.
Key factors that are driving growth of the North America 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.
Strategic Insights: North America Neurovascular Devices Market
Strategic insights into the North American neurovascular devices market deliver a comprehensive, data-driven analysis of the industry landscape. This includes emerging trends, leading companies, and regional dynamics. These insights provide actionable guidance, helping stakeholders—whether investors, manufacturers, or healthcare providers—identify untapped market segments and craft compelling value propositions to stand out from the competition.
By leveraging advanced data analytics, these insights enable industry players to stay ahead of evolving market conditions and prepare for future shifts. With a forward-looking approach, stakeholders can proactively adapt to changes and position themselves for sustained growth and profitability. Ultimately, these strategic insights support well-informed decision-making, empowering businesses to achieve their objectives in a competitive and rapidly evolving market.
Company Profiles
- Medtronic plc
- Johnson and Johnson, Inc (DePuy Synthes)
- Penumbra, Inc
- Terumo Corporation
- MicroPort Scientific Corporation
- Integer Holdings Corporation
- Memry Corporation
- Phenox GmbH
North America Neurovascular Devices Regional Insights
The geographic scope of the North America 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 – North America Neurovascular Devices Market
The North America neurovascular devices market is segmented by product, application, and end user.
By Product:
- The market is categorized into neurothrombectomy devices, aneurysm coiling & embolization devices, cerebral balloon angioplasty & stenting systems, and support devices.
- Among these, aneurysm coiling & embolization devices accounted for the largest market share in 2019 and are projected to register the highest compound annual growth rate (CAGR) during the forecast period.
By Application:
- Applications include cerebral aneurysms, ischemic strokes, arteriovenous malformations & fistulas, and other uses.
- The ischemic strokes segment held the largest share of the market in 2019 and is expected to grow at the highest CAGR through the forecast period.
By End User:
- End users include hospitals, ambulatory surgical centers, and specialized clinics.
In 2019, hospitals dominated the market in terms of revenue and are anticipated to maintain the highest CAGR over the forecast period.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
