0

U.S. Neurovascular Devices Market Expected to Reach $1,071 Million by 2027—Allied Market Research

 
2022
U.S. Neurovascular Devices Market

Report Code : A08685

quote growth of the U.S. neurovascular devices market is attributed to rise in prevalence of neurovascular disease across the U.S. Furthermore, technological advancements related to neurovascular devices, and increase in geriatric population are the other factors that contribute to the growth of the market. quote

Onkar Sumant
Manager, Healthcare at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “U.S. Neurovascular Devices Market by Product and Disease Pathology: Opportunity Analysis and Industry Forecast, 2020–2027," the U.S. neurovascular devices market was valued at $946 million in 2019, and is projected to reach $1,071 million by 2027, registering a CAGR of 3.8% from 2020 to 2027.

Neurovascular devices are used in the treatment of disorders related to blood vessels that carry oxygen rich blood to brain. There are various types of neurovascular devices available in the market, which exhibit different mechanism of action. Some neurovascular devices available in the market include clippings, embolic coils, carotid artery stents, coil assist stents, flow diversion stents, clot retrieval devices, and others.

The coated coils are used to treat complex form of aneurysm. Moreover, these devices are used in disorders such as ischemic stroke, a blockage in artery that supplies blood to brain results in decrease of blood flow and oxygen to the brain. This, in turn, results to damage or death of brain cells. Thus, treatment of ischemic stroke involves use of thrombectomy neurovascular devices. These devices include a wide range of endovascular aids such as suction & aspiration devices, clot retrieval devices, and snares. 

Rise in prevalence of neurovascular diseases, increase in demand for effective neurovascular devices, surge in number of researches in the field of neurovascular therapies, rise in awareness among neurosurgeons about minimally invasive surgical procedures, and increase in geriatric population are the major factors which boost the growth of the U.S. neurovascular devices market. In addition, favorable medical reimbursements, ongoing product development & commercialization, rise in incidence of aneurysm disease, increase in lifestyle disorders such as obesity, surge in demand for embolization devices, and increase in technological advancements related to neurovascular devices are anticipated to drive the growth of the U.S. neurovascular devices market. However, high cost of neurovascular devices restricts the market growth. Conversely, surge in demand for minimally invasive procedures in the U.S provides lucrative opportunities for players operating in the neurovascular devices market.

COVID-19 is a large family of viruses that causes illness ranging from common cold to more severe diseases. The overall impact of COVID-19 is projected to remain negative for neurovascular devices companies operating in the neurovascular industry. The pandemic has greatly affected revenues of neurology hospitals and clinics, owing to fall in number of patient visits amid nationwide lockdown along with changing healthcare approach for providing care to emergency cases and critically ill COVID-19 patients. Similarly, COVID-19 has resulted in a decline of demand for neurovascular devices. This is majorly due to the low availability of healthcare professionals across the country. Furthermore, rescheduling of neurovascular surgeries has also impacted the market in a negative manner. However, some neurovascular conditions such as ischemic stroke are medical emergencies and require immediate medical attention. Hence, the impact on such neurovascular conditions is anticipated to remain lower as compared to others throughout the pandemic phase.

By product, the market is divided into embolization devices, revascularization devices, thrombectomy devices, embolic protection devices, and accessory devices. Presently, the embolization devices segment dominates the market, and is anticipated to continue this trend during the forecast period. The key factors such as increase in prevalence of neurovascular diseases, introduction of technologically advanced products, rise in R&D investment, surge in geriatric population, increase in adoption of embolization devices, and surge in launch of new and advanced neurovascular devices drive the growth of this segment.

On the basis of disease pathology, the market is segregated into aneurysm, arteriovenous malformation, ischemic stroke, stenosis, and others. The aneurysm segment occupied largest share of the U.S.

neurovascular devices market in 2019, owing to surge in prevalence of the aneurysm, increase in demand for minimally invasive neurosurgical procedures, government initiatives to modernize healthcare infrastructure, technological advancement in neurovascular treatments, and increase in product approvals of new devices used in the treatment of aneurysm drive the growth of this segment.

Key Findings Of The Study 

  • By product, the embolization devices segment held largest market share in 2019, and is expected to remain dominant throughout the forecast period.
  • On the basis of disease pathology, the aneurysm segment held largest market share in 2019, and is expected to remain dominant throughout the forecast period.
 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote U.S. Neurovascular Devices Market by Product (Embolization Devices, Revascularization Devices, Thrombectomy Devices, Embolic Protection Devices, and Accessory Devices), and Disease Pathology (Aneurysm, Arteriovenous Malformation, Ischemic stroke, Stenosis, and Others): Opportunity Analysis and Industry Forecast, 2020–2027 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Oct 2024

Digital Substation Market

Download Sample
rep-img

Published Date Oct 2024

Argan Oil Market

Download Sample
rep-img

Published Date Oct 2024

Cold Plasma Market

Download Sample
rep-img

Published Date Oct 2024

Auto Gas Market

Download Sample

Buy Full Version
"U.S. Neurovascular Devices Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers