The latest research study “Neurovascular Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global neurovascular devices market size reached US$ 2.56 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.7 Billion by 2027 exhibiting a growth rate (CAGR) of 6.12% during 2022-2027.
Neurovascular devices are specialized equipment that are used for treating neurological disorders, such as brain aneurysms, atherosclerosis, Dural arteriovenous fistula, etc. They can be categorized into coils, stents, clips, etc. These neurovascular devices prove highly effective in diagnosing and treating multiple types of peripheral and central nervous system ailments. They aid in preventing blood clots and reduce the risk of strokes. Consequently, neurovascular devices find extensive applications across numerous segments of the healthcare sector, including hospitals, ambulatory surgery centers, neurology clinics, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Neurovascular Devices Market Trends and Drivers:
The expanding geriatric population and the increasing prevalence of several neurological diseases across the globe are primarily driving the neurovascular devices market. Besides this, the launch of various favorable policies by government bodies, especially in developing countries, aimed at modernizing the medical infrastructure is acting as another significant growth-inducing factor.
Additionally, the shifting preferences toward minimally invasive surgeries (MIS), owing to multiple benefits that include less postoperative pain, faster recovery time, shortened hospital stay, smaller incision, less scarring, and reduced stress on the immune system, are also positively influencing the global market. Moreover, the rising demand for embolization coils and occlusion devices to treat arteriovenous malformation (AVM) and the inflating investments undertaken by the leading market players in research and development (R&D) activities to ensure technological advancements in neurological devices are further catalyzing the market growth.
Apart from this, the growing number of exclusive hospitals that strive to provide comprehensive treatment options related to brain and spine disorders are expected to propel the neurovascular devices market over the forecasted period
Neurovascular Devices Market Report Scope
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Product, Application and End user.
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
AU Optronics Corp., Boe Technology Group Co. Ltd., Canon Inc., EIZO Corporation, Haier Group Corporation, Innolux Corporation, Koninklijke Philips N.V., LG Electronics Inc. (LG Corporation), Panasonic Corporation, Samsung Electronics Co. Ltd., Sharp Corporation and Sony Group Corporation.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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The report has been segmented the market into following categories:
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List of Major Key Players:
The major players in the market are
Key highlights of the report:
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Press Release Distributed by ABNewswire.com To view the original version on ABNewswire visit: Neurovascular Devices Market to reach USD 3.7 Billion by 2027 at a CAGR 6.12% | Industry Size, Share and Forecst
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