Europe Neurovascular Devices Market Trends, Size, Segment and Growth by Forecast to 2030

Market Overview and Dynamics

The Europe neurovascular devices market is projected to grow steadily, reaching approximately US$ 773.41 million by 2027, up from US$ 999.65 million in 2019. It is anticipated to expand at a compound annual growth rate (CAGR) of around 3.4% between 2020 and 2027. This growth is primarily driven by the rising prevalence of neurovascular disorders, an increasing preference for minimally invasive treatment options, and a rapidly aging population across the region. Nonetheless, market expansion may be tempered by challenges such as the high costs associated with embolization coils and a shortage of skilled specialists proficient in managing neurovascular conditions.

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Neurovascular devices play a critical role in managing diseases that impact the intricate network of blood vessels in and around the brain. Conditions related to neurovascular disorders can cause serious and often irreversible issues like strokes and aneurysms. These devices are designed to help prevent strokes, treat aneurysm embolization, address carotid artery narrowing, and alleviate related symptoms. Additionally, neurovascular devices are instrumental in surgical interventions aimed at resolving aneurysms and other complications affecting cranial blood circulation.

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.

Market leaders and key company profiles

 Medtronic plc

 Johnson and Johnson, Inc (DePuy Synthes)

 Penumbra, Inc

 Terumo Corporation

 MicroPort Scientific Corporation

 Integer Holdings Corporation

 Memry Corporation

 Phenox GmbH

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.

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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights