PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1629326
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1629326
Neurovascular Embolization Devices Market size was valued at US$ 1,561.6 Million in 2024, expanding at a CAGR of 8.90% from 2025 to 2032.
Neurovascular embolization devices prevent or limit blood flow to unwanted vascular abnormalities. Neurovascular embolisation devices include aneurysm clips, liquid embolic systems, flow diversion stents, embolisation coils, and intravascular flow disruptors. A stroke occurs when the blood supply to the brain is disrupted, resulting in oxygen deprivation, brain damage, and diminished function. The most frequent cause is clots in the arteries that provide blood to the brain. Hemorrhage, which happens when blood seeps into the brain from a ruptured vessel, may even be the reason. Memory, cognitive, and linguistic issues, as well as partial paralysis, are among the long-term effects of a stroke. The increasing rates of brain stroke and aneurysms, the rise in product authorizations, the positive outcomes of research, market developments like mergers and acquisitions, the introduction of new products, and growing awareness are some of the factors that are expected to drive growth in the global market for neurovascular embolization devices over the forecast period. The growing number of cases and research funding are also expected to help the worldwide market's expansion over the course of the projected period.
Neurovascular Embolization Devices Market- Market Dynamics
Increased Brain Stroke and Aneurysm Cases
Throughout the forecast period, the rising number of brain stroke and aneurysm cases is anticipated to propel the expansion of the global neurovascular embolization devices market. The World Stroke Organization, for example, claims that epidemic proportions of stroke have already been reached. Over 12.2 million individuals are likely to have their first stroke this year, and 6.5 million are expected to die as a result, meaning that 1 in 4 adults over 25 will have a stroke at some point in their lives. Worldwide, more than 110 million people have had a stroke at some time in their life. Over 60% of strokes occur in those under 70, and over 16% occur in people under 50, despite the fact that the prevalence of stroke rises sharply with age. Additionally, NHS England estimates that 1 in 12,500 people in England suffer from a burst brain aneurysm annually. In addition, the Brain Aneurysm Foundation estimates that over 6.0 million Americans suffer from brain aneurysms each year, and over 3.0% of persons in the United Kingdom suffer from one. Moreover, the NIH reports that the prevalence of cerebral aneurysms is approximately 3.2% worldwide, with a standard age of 50 and a gender ratio of 1:1 overall. After age 50, this ratio varies significantly, with a growing female predominance that closes at 2:1. This is thought to be because lower levels of circulating estrogen cause the collagen range of the vascular tissue to diminish.
Neurovascular Embolization Devices Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 8.90% over the forecast period (2025-2032)
Based on product segmentation, the embolic coils were predicted to show maximum market share in the year 2024
Based on end use segmentation, hospitals were the leading category in 2024
On the basis of region, North America was the leading revenue generator in 2024
The Global Neurovascular Embolization Devices Market is segmented on the basis of Product, End Use, and Region.
On the basis of product, the market is segregated into Liquid Embolic Agents, Embolic Coils, Aneurysm Clips, Flow Diversion Devices, and Others. In 2024, the market was dominated by the embolic coils category. Complex platinum devices called embolic coils are inserted into blood arteries to cause clots to form. These coils successfully block aneurysms and other vascular anomalies, lowering the possibility of rupture and ensuing bleeding. Because of their adaptability to a variety of anatomical complications, they are very popular. The development of bioactive and detachable coils has improved the field's efficacy and safety as a result of continuous research and development efforts. Furthermore, one of the most important developments in neurovascular treatments is the use of liquid emboli.
Based on end use, the market is divided into Hospitals, Specialty Clinics, and Others. In 2024, the hospitals category held a dominant market share. Hospitals are the main locations for cutting-edge medical treatments like neurovascular embolization because of their sophisticated technology, large infrastructure, and highly qualified medical personnel. With the newest imaging equipment and interventional suites, these facilities frequently have dedicated neuro interventional units that enable accurate diagnosis and customized care. In hospital settings, having qualified neurosurgeons, interventional radiologists, and neurologists guarantees patients with disorders like aneurysms and arteriovenous malformations full, multidisciplinary care.
Neurovascular Embolization Devices Market- Geographical Insights
In 2024, North America held a dominant position in the global market for Neurovascular Embolization Devices. The market for neurovascular embolization devices is substantial in North America, particularly in the United States and Canada. These countries have high rates of neurovascular diseases, sophisticated healthcare systems, and growing medical expenses. The growth of the regional marketplace is significantly impacted by the heightened government initiatives and manufacturer research and development (R&D) spending. Additionally, the introduction of new products by major industry players to diversify their product lines contributes to the growth of the sector. For instance, India Medtronic's fourth-generation flow deflector, the Pipeline Vantage with Shield Technology, which has a CE mark, was created in June 2022 for endovascular treatment of cerebral aneurysms.
However, throughout the projected period, the Asia-Pacific region is anticipated to see the fastest CAGR. The increasing prevalence of neurological problems, technical breakthroughs, and the growing burden of target diseases are some of the causes of this. Key players' presence and growing healthcare costs are two further factors fueling the region's expansion. The market is also expected to grow more rapidly in the forecast period due to the regional expansion of major players and significant unexplored prospects in Asia Pacific. Three of the biggest suppliers to the neurovascular embolization device market in the area are China, India, and Japan.
Key companies in the neurovascular embolization devices are Medtronic plc, Stryker Corporation, Johnson & Johnson Inc., B. Braun Melsungen AG., Integra LifeSciences Corporation, and others. The primary producers of neurovascular embolization devices are concentrating on mergers and acquisitions in order to diversify their product lines. In hospitals and other institutions, businesses are holding conferences and training sessions to inform surgeons and practitioners about the new neurovascular embolization devices. Furthermore, growth initiatives, including new product releases, regulatory approvals, expansions, partnerships, acquisitions, and collaborations, are the main emphasis of the major businesses. For instance, MicroVention, Inc., a neurovascular company under Terumo Corporation, stated in July 2023 that its intravascular device, WEB, has released 5-year monitoring data. In order to make the Aneurysm Embolization Technology more adaptable to aneurysms of different sizes and types, they also included two new sizes (SL 7x2 and SL 6x2). The product is on display at Booth 615 at SNIS 2023 in San Diego. Throughout the projection period, the demand for neurovascular embolization devices will rise as a result of these developments.
Recent Development
February 2023: The first patient treated in Germany as part of the EMBO-Post Market Surveillance Registry, the company's upcoming multicenter registry investigation of its IMPEDE and IMPEDE-FX Embolization Plugs when used for peripheral vascular embolization, was reported by Shape Memory Medical Inc., a manufacturer of shape memory polymers for the peripheral and neurovascular markets.
July 2022: While attending the 19th Annual Conference of the Society of Neurointerventional Surgery (SNIS) in Toronto, Rapid Medical, a company that designs innovative neurovascular devices, received FDA 510(k) permission for TIGERTRIEVER 13 for major artery occlusions.