PUBLISHER: The Business Research Company | PRODUCT CODE: 1596059
PUBLISHER: The Business Research Company | PRODUCT CODE: 1596059
neurovascular conditions, particularly those involving abnormal blood flow in the brain. These devices are designed to prevent or reduce blood flow to problematic areas, such as aneurysms, arteriovenous malformations (AVMs) or other vascular abnormalities in the brain. By effectively stopping blood flow to these targeted areas, neurovascular embolization devices help to prevent hemorrhages, reduce bleeding risks and stabilize or resolve potentially life-threatening vascular abnormalities.
The neurovascular embolization devices market consists of sales, by entities (organizations, sole traders and partnerships), of neurovascular embolization devices that are used to treat conditions affecting the blood vessels in the brain.
The global neurovascular embolization devices market was valued at $1,066.41 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 3.0%.
Increasing Awareness Of Neurovascular Disorders
During the historic period, the increasing awareness of neurovascular disorders has driven the neurovascular embolization devices market. The growing recognition of conditions such as stroke and aneurysms led to more diagnoses and a higher demand for effective treatment options. As awareness campaigns and educational initiatives emphasized the importance of early intervention, the need for advanced neurovascular embolization devices surged. This heightened awareness expanded the potential patient population and drove up the adoption of devices designed for the diagnosis and management of neurovascular conditions. For example, in 2021, according to the Global Burden of Diseases, Injuries and Risk Factors Study (GBD), a comprehensive initiative led by the Institute for Health Metrics and Evaluation (IHME) at the University of Washington, Seattle, over 3.4 billion people-more than 40% of the global population-were affected by neurological disorders. The study highlighted that 37 neurological conditions were responsible for 443 million disability-adjusted life-years (DALYs) and 11.1 million deaths globally, with around 80% of these impacts occurring in low- and middle-income countries.
Launch Of Innovative Low-Profile Visualized Intraluminal Support Devices
Major companies operating in the neurovascular embolization devices market are focusing on launching innovative low-profile visualized intraluminal support devices that deliver enhanced imaging clarity during procedures, enabling accurate placement and precise control over deployment. For instance, in June 2024, MicroVention Inc, a US-based company that provides neurovascular embolization devices, announced the launch of its LVIS(TM) EVO(TM) (Low-Profile Visualized Intraluminal Support) Intraluminal Support Device, specifically designed for the treatment of wide-neck intracranial aneurysms in patients aged 18 and above. This stent is distinguished as the first fully visible coil-assist intracranial stent available in the US market, offering enhanced visibility under fluoroscopy, which facilitates accurate placement and controlled deployment. The LVIS(TM) EVO(TM) incorporates advanced design features, including Drawn Filled Tube (DFT) wire construction and an optimized braid angle, enabling improved opening and the capacity to resheath up to 80% of its length.
The global neurovascular embolization devices market is concentrated, with a few large players operating in the market. The top ten competitors in the market made up to 40.6% of the total market in 2023.
Neurovascular Embolization Devices Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global neurovascular embolization devices market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for neurovascular embolization devices? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The neurovascular embolization devices market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider neurovascular embolization devices market; and compares it with other markets.