Global Neurovascular Devices Market Growth (Status and Outlook) 2025-2031

The global Neurovascular Devices market size is predicted to grow from US$ 3146 million in 2025 to US$ 4337 million in 2031; it is expected to grow at a CAGR of 5.5% from 2025 to 2031.

Neurovascular devices are medical devices used to diagnose, treat, and manage various diseases affecting the blood vessels in the brain and nervous system. Neurovascular diseases typically include conditions such as stroke (both ischemic and hemorrhagic), brain aneurysms, arteriovenous malformations (AVMs), and other vascular abnormalities. These devices play a critical role in neurovascular procedures, enabling minimally invasive treatments that enhance patient outcomes.

Common neurovascular devices include stents, coils, embolization devices, flow diversion devices, microcatheters, aspiration systems, and intracranial pressure (ICP) monitors. Stents are primarily used to treat narrowed blood vessels, often in patients with cerebral aneurysms or carotid artery disease. Coils are used to embolize brain aneurysms, promoting clot formation inside the aneurysm and reducing the risk of rupture. Flow diversion devices are used to alter blood flow in the brain, typically for aneurysm treatment, to reduce the risk of rupture. Microcatheters and embolization devices are mainly used to occlude abnormal blood vessels in conditions like AVMs or tumors. Aspiration devices are employed to remove blood clots in acute ischemic strokes, restoring blood flow to the brain.

These devices have significantly advanced the treatment of neurovascular diseases, improving the precision and safety of procedures. As medical technology progresses, the role of these devices in minimally invasive surgeries continues to grow, and they will remain essential in the development of the field of neurointervention and neurosurgery.

1. Market Development Opportunities and Key Drivers:

The market for neurovascular devices is driven by several key factors:

Rising Stroke Incidence: As the global population ages, the incidence of strokes, especially ischemic strokes, continues to increase, driving demand for neurovascular devices.

Technological Advancements: With the development of minimally invasive technologies, neurovascular procedures have become more precise and safer. New devices and materials, such as flow diversion devices and automated aspiration systems, have made neurointerventional procedures more efficient and feasible.

Expanded Healthcare Coverage: The expansion of healthcare insurance systems and increasing healthcare expenditures have driven the demand for effective medical devices.

Increased Health Awareness: As public awareness of cerebrovascular diseases rises, there is a growing demand for early diagnosis and prevention, further fueling the neurovascular device market.

2. Market Risks:

High Treatment Costs: Neurovascular devices are often expensive, particularly high-end devices and treatments, which may create entry barriers in developing countries.

Technological Risks: The development of new technologies is uncertain, requiring long clinical trials and regulatory approvals. Additionally, the rapid pace of technological advancements may render products obsolete.

Regulatory and Compliance Risks: The approval process for medical devices is stringent, especially for new technologies, and regulatory challenges may hinder market adoption.

3. Market Concentration:

The neurovascular device market is relatively concentrated, with a few leading global medical device companies dominating the market. Major players include Medtronic, Stryker, Boston Scientific, and others. These companies have strong R&D capabilities and extensive distribution networks, enabling them to provide high-quality products and maintain a dominant position globally.

4. Downstream Demand Trends:

Increasing Demand Due to Aging Population: As the global population ages, the prevalence of cerebrovascular diseases such as strokes continues to rise, driving the demand for neurovascular treatments and devices.

Preference for Minimally Invasive Procedures: Patients increasingly prefer minimally invasive surgeries, which reduce hospital stays and recovery times, leading to a growing demand for minimally invasive neurovascular devices.

Customized Treatment Needs: With the advancement of precision medicine, there is an increasing demand for personalized treatment solutions, which has led to the development of tailored neurovascular devices.

5. Latest Technologies:

Flow Diversion Devices: This technology has made significant progress in treating brain aneurysms, especially in high-risk patients, by diverting blood flow away from the aneurysm to reduce the risk of rupture.

Automated Aspiration Systems: These systems are used for clot retrieval in acute ischemic stroke, enabling rapid and effective restoration of blood flow to the brain.

Minimally Invasive Surgical Systems: Recent advancements in minimally invasive surgery have made neurovascular procedures more precise, reducing surgical risks and recovery times by using smaller catheters and more accurate techniques.

LPI (LP Information)' newest research report, the “Neurovascular Devices Industry Forecast” looks at past sales and reviews total world Neurovascular Devices sales in 2024, providing a comprehensive analysis by region and market sector of projected Neurovascular Devices sales for 2025 through 2031. With Neurovascular Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Neurovascular Devices industry.

This Insight Report provides a comprehensive analysis of the global Neurovascular Devices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Neurovascular Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Neurovascular Devices market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Neurovascular Devices and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Neurovascular Devices.

This report presents a comprehensive overview, market shares, and growth opportunities of Neurovascular Devices market by product type, application, key players and key regions and countries.

Segmentation by Type:
Thrombectomy Devices
Intracranial Stents
Embolization Devices
Flow Diversion Devices
Others

Segmentation by Application:
Stroke Treatment
Aneurysm Treatment
Cerebral Vascular Stenosis Treatment
Traumatic Brain Injury and Intracranial Hemorrhage Treatment
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Stryker Corporation
Johnson & Johnson
Medtronic
Terumo Neuro
Penumbra, Inc. (Neuro)
Shanghai MicroPort Medical (Group) Co.，Ltd.
Abbott Vascular
Medical Murray
Boston Scientific

Please note: The report will take approximately 2 business days to prepare and deliver.