The neurovascular devices market share is expected to witness significant growth in the coming years. This can be attributed to several factors such as the increasing prevalence of neurological disorders, advancements in technology, and rising awareness about minimally invasive procedures.

Neurovascular devices are used for the treatment of various conditions like ischemic strokes, brain aneurysms, arteriovenous malformations (AVMs), and other vascular disorders affecting the brain and spinal cord. These devices play a crucial role in restoring blood flow to the affected areas, preventing further damage, and improving patient outcomes.

With the growing aging population worldwide, there has been a surge in neurological disorders such as strokes and aneurysms. This has led to an increased demand for neurovascular devices as they offer effective treatment options. Additionally, technological advancements have resulted in the development of innovative devices that provide better precision, safety, and efficacy during procedures.

The Neurovascular Devices Market Size was valued at USD 2.81 billion in 2022, and is expected to reach USD 4.51 billion by 2030, and grow at a CAGR of 6.1% over the forecast period 2023-2030.

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KEY MARKET SEGMENTATION:

By Device Type

• Cerebral Embolization and Aneurysm Coiling Devices
  • Embolic Coils
  • Liquid Embolic Agents
  • Flow Diverters
• Cerebral Angioplasty and Stenting Systems
  • Embolic Protection Devices
  • Carotid Artery Stents
• Neurothrombectomy Devices
  • Clot Retrieval Devices
  • Vascular Snares
  • Suction Devices
• Support Devices
  • Micro Guidewires
  • Micro Catheters

By Therapeutic Application

• Stroke
• Cerebral Artery Stenosis
• Cerebral Aneurysm
  • Aneurysmal Subarachnoid Hemorrhage
• Others

Some of the major key players are as follows: Johnson and Johnson Services Inc., Penumbra, Inc., Microport Scientific Corporation, Stryker, Microvention Inc (Terumo Corporation), Codman Neuro (Integra Lifesciences), Medtronic, and other players.

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