Neurovascular Devices / Interventional Neurology

Neurovascular Devices / Interventional Neurology

Global Neurovascular Devices / Interventional Neurology Market to Reach $4.3 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Neurovascular Devices / Interventional Neurology estimated at US$2.6 Billion in the year 2020, is projected to reach a revised size of US$4.3 Billion by 2027, growing at a CAGR of 7.2% over the analysis period 2020-2027. Aneurysm Coiling & Embolization Devices, one of the segments analyzed in the report, is projected to record a 8.1% CAGR and reach US$1.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Neurothrombectomy Devices segment is readjusted to a revised 6.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $779.4 Million, While China is Forecast to Grow at 6.7% CAGR

The Neurovascular Devices / Interventional Neurology market in the U.S. is estimated at US$779.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$749.1 Million by the year 2027 trailing a CAGR of 6.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 5.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR.

Cerebral Balloon Angioplasty & Stenting Systems Segment to Record 7.4% CAGR

In the global Cerebral Balloon Angioplasty & Stenting Systems segment, USA, Canada, Japan, China and Europe will drive the 7.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$424.2 Million in the year 2020 will reach a projected size of US$701.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 12 Featured) -

• Abbott Laboratories
• Boston Scientific Corporation
• Johnson & Johnson
• Medtronic PLC
• Merit Medical Systems, Inc.
• MicroPort Scientific Corporation
• Penumbra, Inc.
• Stryker Corporation
• Terumo Corporation
• W.L. Gore & Associates, Inc.

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