A reliable Global Interventional Neurology Devices Market Research Report makes available fluctuations in CAGR values during the forecast period of 2022-2029 for the market. The competitive landscape section of the report highlights a clear insight about the market share analysis of major industry players. This market report offers all-inclusive study about production capacity, consumption, import and export for all the major regions across the world. According to this marketing report, the global market is anticipated to witness a moderately higher growth rate during the forecast period. With the proper use of excellent practice models and brilliant method of research, an outstanding Global Interventional Neurology Devices market report is generated which aids businesses to unearth the greatest opportunities to prosper in the market.

Data Bridge Market Research analyses that the interventional neurology devices market is expected to undergo a CAGR of 9.00% during the forecast period. This indicates that the market value, which was USD 2.50 billion in 2021, would rocket up to USD 4.90 billion by 2029. “Aneurysm Coiling and Embolization Devices” dominates the product type segment of the interventional neurology devices market owing to the growing end-user preference for minimally invasive neurosurgical procedures and increasing market availability of embolic coils for neurovascular treatment. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Interventional Neurology Devices Market Dynamics

Drivers

·         Rising prevalence of conditions

Growing population base suffering from neurological conditions globally is one of the major factors fostering the growth of the market. Increasing incidence rate of cerebral aneurysm, head and neck tumours, intracranial atherosclerosis, meningioma, ischemic strokes, spinal vascular malformations, arteriovenous malformations, aneurysms, stroke and cavernous malformations is directly influencing the market growth rate.      

·         Research and development proficiencies

Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the advancements in medical technologies and devices is also bolstering the market growth rate.

·         Growing investment for healthcare facilities

Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities. 

Some of the major players operating in the interventional neurology devices market are:

·         Johnson & Johnson Services Inc. (US)

·         Medtronic (Ireland)

·         Stryker (US)

·         Terumo Corporation (Japan)

·         Penumbra, Inc. (US)

·         Microport Scientific Corporation (China)

·         Kaneka Corporation (Japan)

·         Integer Holdings Corporation (France)

·         Perflow Medical (US)

·         Phenox GmbH (Germany)

·         Sensome (France)

·         Evasc (Canada)

·         Rapid Medical (Israel)

·         Asahi Intecc Co. Ltd (Japan)

·         Acandis GmbH (Germany)

·         Medikit Co. Ltd (Japan)

·         Imperative Care (US)

·         Lepu Medical (China)

·         Cerus Endovascular (US) 

Recent Development

·         Johnson and Johnson in 2021 announced the launch of a new product called Cerenovus Stroke Solutions. It comprises three devices to help in procedures of clot removal. This will aim to revolutionize the market and bring profits in the long run.

·         Pehnox in 2021 announced the establishment of the new entity to improve its business withhold in Europe. This will create a wide scope of growth for generating profits in the long run.

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Global Interventional Neurology Devices Market Scope

The interventional neurology devices market is segmented on the basis of product type, disease pathology, procedure and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product type

·         Aneurysm Coiling and Embolization Devices

·         Cerebral Balloon Angioplasty and Stenting Systems

·         Support Devices

·         Neurothrombectomy Devices

Disease pathology

·         Ischemic Strokes

·         Cerebral Aneurysms

·         Arteriovenous Malformation and Fistulas

·         Others

Procedure

·         Embolization

·         Angioplasty

·         Neurothrombectomy

·         Others

End user

·         Hospitals

·         Neurology Clinics

·         Ambulatory Care Centers

·         Others

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