Published On: April 2016
This article provides an overview about the Americas Neurovascular Market – Industry Analysis & Forecast to 2027, there by offering insights on key present growth indicators and forecast indicators such as drivers, restrains, opportunities and trends that are involved in shaping the market.
Neurovascular Market: Introduction
Neurovascular devices are the instruments which are mostly used in the treatment of more than 600+ diseases of nervous system occurs in brain, spine and neck. The surgical process of these treatments of neurovascular diseases are commonly known as neurosurgery. Neurosurgery is one of the most complex surgeries which mainly include brain surgery, neck surgery and spinal surgery. Neurology is one of medical branch which majorly treats in the disorders of human nervous system and brain. Whenever there is any nervous disorder occurs in human body which cause brain stroke. Whenever any disorder happens in the central and peripheral nervous system, the interventional neurology deals with the treatment and diagnose of these categories of diseases. The main reason of occurrence of these types of diseases is disability in adults. On an average there are around 4 million to 5 million populations in Americas suffering from brain stroke, but the success rate of treated patients are very few. But the enhanced technology in the healthcare industry has decrease the effect of neurovascular diseases.
Market Growth Influencer
As per the forecast of Market Research Future, the major growth influencer of global neurovascular device market is the increasing of aging population all over the world. In Americas, the targeted population ratio is very high along with the latest technological advancements in the field of neurology surgery. The other reasons of growth drivers are the government’s initiative and favourable reimbursement policies. Several countries in the world such as Sweden, Germany, France, Iceland, Japan, New Zealand, UAE and many more which provides free health care treatment to their citizen, so here there are immense growth opportunities for neurovascular devices. But there are countries in Middle East where medical equipment and facilities are not available. Markets for those countries are unimaginable and with the proper resource, new companies can easily take over the market of Neurovascular Devices. Looking ahead WHO has said that death from neurological disorder is highest in Europe region followed by western pacific region and Middle East region. The reason behind these stats is lack of availability of Neurovascular devices and medical services.
Neurovascular Market - Market Segmentation
For the purpose of study Market Research Future segmented the Global Neurovascular Devices market into Devices type and Therapeutics.
Devices includes - Neurothrombectomy (Used to treat Ischemic Stroke), Carotid Artery Angioplasty, Intracranial stents & flow diverting devices, Embolization & Coiling and Others. Neurovascular therapeutics includes – Intracranial atherosclerotic disease, Chronic ischemic stroke, Acute ischemic stroke and Endovascular cerebral aneurysm.
Looking ahead for end users for this market, whole population is targeted audience because neuro diseases are unpredictable.
Neurovascular Market: Regional Analysis
Market Research Future has identified that demand for Neurovascular Devices on differs on the basis of Regions.
Most of countries listed in North America like US and Canada is a developed economy and also the largest user for Neurovascular Device followed by Japan and China. Keeping ahead from the world in field of technology has given these countries advantage to become the host of Neurovascular devices, but other parts of America region like Mexico and Brazil is in need of Neurovascular devices due to increase in death rates.
Europe region is suffering from the highest death rates due lack of availability of Neurovascular devices which left the immense opportunity for the new companies to take care and capture the market.
Countries like China and Japan are well developed in field of technology but with vast population China is not able to meet the demands & supply of Neurovascular devices. Looking ahead India is importing 80% of medical equipment which left the conclusion to draw that this region has remarkable opportunity for new entrants.
Middle East & Africa region is under phase of development and in need of medical services. Counties under these regions is are either undeveloped or developing and making demands from other countries to meet the supply of medical equipment, thus market for these countries is also very vast.
Neurovascular Market: Prominent Market Players
The prominent players present in the global Neurovascular device market are: Balt Extrusion, Biotronik, Boston Scientific, Cardiatis, Chestnut Medical, CoAxia, Codman Neurovascular, Concentric Medical, Covidien, DePuy, ev3, Flexible Stenting Solutions, Goodman, Gore Medical, ITGI Medical, Merlin MD, MicroVention, Micrus Endovascular, NeuroVasx
NfocusNeuromedical, Penumbra, Phenox GmbH, Reverse Medical, Sequent Medical, Stryker, Surpass Medical, Terumo, Valor Medical and others.
Market Research Future introduces about the Americas Neurovascular Device market during the forecast period 2016-2027 which mainly includes the growth drivers, trends and restrains and how the market will grow in the future across the globe. In this report Market Research Future has focused on the current market scenario which includes market segmentation, market dynamics, and competitive landscape along with company profiles.
The reports also covers brief analysis of Geographical Region includes:
Asia – Pacific
Middle East & Africa
Every report of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report also gives a broad study of the different market segments and regions.