Surge in Neurovascular Conditions Boosts Global Neurovascular Devices/Interventional Neurology Market Growth

Neurovascular Devices or Interventional Neurology Market

According to Inkwood Research, the Global Neurovascular Devices/Interventional Neurology Market is anticipated to grow with a CAGR of 5.23% in terms of revenue during the forecasting years of 2023-2032.

“Browse 87 Market Data Tables and 68 Figures spread over 286 Pages, along with an in-depth TOC on the Global Neurovascular Devices/Interventional Neurology Market Forecast 2023-2032.”

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Neurovascular devices play a critical role in treating conditions related to blood vessels that supply oxygenated blood to the brain. The market offers a range of neurovascular devices, such as clippings, embolic coils, flow diversion stents, etc., catering to different medical requirements and providing effective solutions for patients.

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Increasing Incidence of Neurovascular Conditions to Augment Market Growth

As per the Centers for Disease Control and Prevention (CDC), approximately 800,000 individuals experienced a stroke in the United States in January 2021, with over 75% of these cases affecting people aged 65 and above. Additionally, the Brain Aneurysm Foundation reported that around 15 million people suffer from strokes globally each year in 2022. These statistics indicate a growing prevalence of cerebral aneurysms, expected to drive the market’s growth in the forecast period.

Embolization Device: Dominating Product by 2032

Embolization is a medical procedure that involves the surgical blockage of a blood vessel to halt blood flow to a specific area of the body. This technique is widely used in the treatment of brain aneurysms, where neurovascular devices are utilized to obstruct the aneurysm and prevent further complications.

Asia-Pacific to be the Fastest-Growing Region

The increasing awareness about neurovascular interventions, the notable population leading to a significant patient base for neurovascular diseases, as well as a surge in the geriatric populace are among the top factors facilitating the market growth in the Asia-Pacific.

The industrial rivalry in the global neurovascular devices/interventional neurology market is expected to increase over the forecasting period. Leading companies operating in the market include Penumbra Inc, Phenox Inc, Rapid Medical, etc.

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Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, the Middle East, Europe, Asia, and Africa.


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