Neurovascular/interventional neurological devices are devices that include coils, stents, thrombectomy devices, and other devices used to treat neurovascular diseases such as cerebral aneurysms and neurovascular thrombectomies. Thrombectomies, suction devices, and aspiration devices are used to remove blood clots from the arteries and veins of the brain, which can also cause strokes. Neurovascular devices are used to treat disorders associated with blood vessels that carry oxygenated blood to brain areas.
Market Dynamics
Increasing organic growth strategies such as product approvals by regulatory authorities are expected to drive the market growth over the forecast period. For instance, in July 2020, Cerus Endovascular Ltd., a privately-held, commercial stage medical device company, announced that it has received Conformité Européenne (CE) Mark approval for its state-of-the-art CerusEndo MC 021 microcatheter, designed to allow physicians to access tortuous neurovasculature and deliver therapeutic devices to intended target. The CerusEndo MC 021 microcatheter is available in multiple distal flexible profiles and offers superior proximal support, which translates to enhanced deliverability and responsiveness in physicians’ hands.
Increasing inorganic growth strategies, such as agreements, by key market players to expand their product portfolios is expected to drive the market growth over the forecast period. For instance, in August 2020, Cerus Endovascular Ltd., a privately-held, commercial-stage medical device company announced a distribution agreement with AB Medica Deutschland Verwaltungs GmbH, a wholly-owned subsidiary of Balt, to provide AB Medica Deutschland Verwaltungs GmbH with the exclusive rights to market and sell the newly Conformité Européenne (CE) marked Contour Neurovascular System and the Neqstent Coil Assisted Flow Diverter devices in Germany.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook