Europe Interventional Neurology Devices Market, By Product Type (Aneurysm Coiling and Embolization Devices, Cerebral Balloon Angioplasty and Stenting Systems, Support Devices and Neurothrombectomy Devices), Disease Pathology (Ischemic Strokes, Cerebral Aneurysms, Arteriovenous Malformation and Fistulas and Others), Procedure (Embolization, Angioplasty, Neurothrombectomy and Others), End User (Hospitals, Neurology Clinics, Ambulatory Care Centres and Others), Country (Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey and Rest of Europe) Industry Trends and Forecast to 2029.
Data Bridge Market Research analyses that the interventional neurology devices market will exhibit a CAGR of around 8.25% for the forecast period of 2022-2029. Rising prevalence of neurological disorders , increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, growth in the geriatric population base and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of interventional neurology devices market.
The interventional neurology devices are the non-surgical medical devices that are used to utilize non-invasive and picture guided procedures to cure a wide range of neurological diseases and disorders. Some of the neurological disorders that are treated using interventional neurology devices are aneurysms, arteriovenous malformations, cavernous malformations and stroke.
Upsurge in the research and development proficiencies by the life sciences industry is one of the major factors fostering the growth of the market. Growth in the patient population base in the developing economies and high-stress levels in young individuals are other market growth determinants. Rising westernization, growing in the incidences of neural disorders like Alzheimer disease, cerebrovascular diseases counting stroke, migraine and other headache disorders and rising medical tourism are other important factors that will further generate lucrative market growth opportunities.
However, improper and unfavourable reimbursement scenario in the developing and underdeveloped economies will derail the market growth rate. Also, high costs associated with research and development proficiencies will further pose challenges for the market. Dearth of skilled professionals in the backward economies and rising regarding infections will also hamper the market growth rate.
This interventional neurology devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on interventional neurology devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Interventional Neurology Devices Market Scope and Market Size
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 analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the interventional neurology devices market is segmented into aneurysm coiling and embolization devices, cerebral balloon angioplasty and stenting systems, support devices and neurothrombectomy devices. Aneurysm coiling and embolization devices have further been segmented into embolic coils, flow diversion devices and liquid embolic agents. Embolic coils are further sub-segmented into bare detachable coils and coated detachable coils. Cerebral balloon angioplasty and stenting systems have further been segmented into carotid artery stents and embolic protection systems. Embolic protection systems are further sub-segmented into distal filter devices and balloon occlusion devices. Support devices have further been segmented into micro guidewires and microcatheters. Neurothrombectomy devices have further been segmented into CLOT retrieval devices, suction and aspiration devices and snares.
- The disease pathology segment of the interventional neurology devices market is segmented into ischemic strokes, cerebral aneurysms, arteriovenous malformation and fistulas and others.
- On the basis of procedure, the interventional neurology devices market is segmented into embolization, angioplasty, neurothrombectomy and others.
- Based on end user, the interventional neurology devices market is segmented into hospitals, neurology clinics, ambulatory care centers and others.
Interventional Neurology Devices Market Country Level Analysis
The interventional neurology devices market is analysed and market size insights and trends are provided by country, product type, disease pathology, procedure and end user as referenced above.
The countries covered in the interventional neurology devices market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey and Rest of Europe.
Germany in Europe region dominates the interventional neurology devices market owing to the growing research and development activities in the medical sciences and high pace of technological advancement in healthcare sector with increasing patient with neurological disorders.
The country section of the interventional neurology devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The interventional neurology devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for interventional neurology devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the interventional neurology devices market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Interventional Neurology Devices Market Share Analysis
The interventional neurology devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to interventional neurology devices market.
Some of the major players operating in the interventional neurology devices market report are Medtronic, Stryker, Johnson & Johnson Services, Inc., Abbott, Terumo Corporation, Penumbra, Inc., Merit Medical Systems, Inc., W. L. Gore & Associates, Inc., Medkit Co., Ltd., Boston Scientific Corporation, UreSil, LLC, Cook among others.