Interventional Neurology Market Updates, Revenue Insights and Detailed Forecast to 20223
A Detailed analysis on “Interventional Neurology Market 2023” by MRFR and also provides overview on market size, market share
Market
Overview :
The interventional neurology market has been
growing rapidly over the last couple of years. Factors, such as the rising
prevalence of neurological diseases including Alzheimer’s disease and stroke,
act as major driving forces for the market growth. Moreover, rising cases of
trauma led by road accidents and injuries escalate the market on the global
platform.
According to Market Research Future (MRFR),
the valuation of the global Interventional
Neurology Market Size had reached USD1832.6 MN in 2017, which is
projected to appreciate at 7.8% CAGR over the assessment period (2018 – 2023).
Technological advancements, a large patient population, favorable medical
reimbursements, and a growing demand for capable neurovascular devices are
fostering market growth significantly.
Funding support from governments and private
consortium for R&D needed in the field of interventional neurology
solutions contributes to the growth of the market. Additional factors, such as
the increased focus of companies on the development of effective therapies and
the introduction of 3D bioprinting as a novel strategy for cost efficiency are
increasing the size of the market.
On the other hand, lack of skilled
neurosurgeons and stringent regulatory policies act as a significant headwind
for the growth of the market. Rapid growth in the global economy would support
the growth of the market during the anticipated period, availing access to
quality care.
Interventional
Neurology Market - Competitive Landscape:
Highly competitive, the Interventional Neurology Market appears to be fragmented owing to the presence of several
well-established players. These players invest substantially in R&D activities
to develop their capabilities. Augmenting government initiatives aimed at
enhancing interventional neurology capabilities are anticipated to present high
growth potential for the market, increasing activities, and funds required for
R&D.
Major Players:
Players leading the global interventional neurology
market include Johnson & Johnson, Abbott Laboratories, Boston Scientific
Corporation, Medtronic PLC, Stryker Corporation, Terumo Corporation, Microport
Scientific Corporation, Penumbra, Inc., Merit Medical Systems, Inc., B. Braun
Melsungen AG, W.L. Gore & Associates, Inc., and Cook Medical, among others.
Interventional
Neurology Market – Segmentation:
MRFR
has segmented the report into four main dynamics to widen the scope of
understanding,
By Disease Pathology : Cerebral Aneurysms, Arteriovenous
Malformation & Fistulas, Ischemic Strokes, and others.
By Product :
The market, by product, is segmented into Aneurysm Coiling &
Embolization Devices, Cerebral Balloon Angioplasty & Stenting Systems,
Neurothrombectomy Devices, Support Devices, and others.
By End-user :
Hospitals & Clinics, Ambulatory Surgical Centres, Research
& Academic Institutes, and others.
By Regions :
Americas, Europe, Asia-Pacific, Middle East & Africa, and
Rest-of-the-World.
Global Interventional
Neurology Market –Geographical Analysis:
North America leads the global interventional
neurology market, heading with the presence of many well-established players
and their investments. Some of the key growth drivers of the market are the
rising prevalence of neurology condition, the increasing numbers of clinical
trials to evaluate the potential of the therapy, and the well-spread awareness
towards the therapeutic potency.
The interventional neurology market in the European
region accounts for the second-largest market, globally. Factors like huge
per-capita healthcare expenses and deep healthcare penetration drive regional
market growth. With their strong markets, the UK, Germany, and France account
for significant growth contributors to the regional market. Additionally, the
rising government support for R&D in the life science domain is
substantiating the growth of the market in the region.
Access Full Report Details @ https://www.marketresearchfuture.com/reports/interventional-neurology-market-7211
The Asia Pacific interventional neurology market is
emerging as a rapidly growing market globally. Factors such as significant
advancements in the field of biotechnology and the increasing government
support for the R&D activities are fostering the growth of the regional
market. Highly populated countries like China, India, and Japan are
significantly contributing to the regional market growth due to their vast
technological advances.
Industry/Innovations/Related News:
October 30, 2019 ---- Siemens Healthineers AG (Germany), a medical technology company,
announced the completion of its acquisition of Corindus Vascular Robotics (the
US), a leading provider of vascular robotics. Corindus is active in robotic
systems manufacturing for minimally invasive procedures, while Siemens’
products use quality imaging before & during medical interventions to make
minimally invasive treatment possible.
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