Interventional neurology market players and analysis by disease pathology, product, end user – forecast till 2030. The global interventional neurology market is expected to expand at a strong 5.10% CAGR over the forecast period from 2022 to 2030, according to the latest research report from Market Research Future (MRFR). The study gives readers a complete picture of the worldwide interventional neurology market, including a detailed analysis of the market's historical growth trajectory and current position, in order to provide projections for the industry's anticipated movement over the coming years. The study offers thorough forecasts for each segment of the interventional neurology market to aid market participants in making informed choices. The economic environment of the interventional neurology market is also assessed in the research to provide readers an idea of how key economic factors are anticipated to interact with the industry in the next years.
The goal of interventional neurology is to treat, prevent, and alleviate neurological problems by the use of interventional procedures. The utilization of less invasive, image-guided procedures in the field of interventional neurology is a prominent factor impacting the global interventional neurology market. As more individuals become aware of their benefits over conventional procedures, it is projected that the use of minimally invasive procedures would rise in the next years. The growing demand from patients for minimally invasive techniques and increased awareness of minimally invasive interventional neurology techniques make additional research and development in the field of minimally invasive interventional neurology likely in the upcoming years. These efforts will likely result in new techniques and improvements to existing techniques.
Neurology devices are medical tools used to diagnose and treat neurological disorders. They include EEG machines to monitor brain activity, transcranial magnetic stimulation devices to reduce seizures and depression, and robotic arms to assist with movement. Other devices include imaging technology such as MRI and CT scans, as well as deep brain stimulation to help control motor and behavioral symptoms. All of these devices help neurologists to diagnose and treat a variety of neurological disorders including Parkinson's, Alzheimer's, and multiple sclerosis.
The prevalence of neurological conditions like stroke is anticipated to dramatically increase during the anticipated time period, driving the market for interventional neurology. Environmental factors, such as the increased stress brought on by urban living and the expanding incidence of sedentary lifestyles, are also anticipated to contribute to the rising prevalence of neurological disorders in the coming years, prompting an increase in demand for interventional neurology.
Competitive Analysis:
The global interventional neurology market players include Cook Medical, B. Braun Melsungen AG, W. L. Gore Associates Inc., Merit Medical Systems Inc., Microport Scientific Corporation, Penumbra Inc., Terumo Corporation, Medtronic plc, Stryker Corporation, Boston Scientific Corporation, Johnson Johnson, and Abbott Laboratories.
Major players in the interventional neurology market are likely to focus on the development of more capable minimally invasive techniques in the coming years. Noninvasive imaging techniques for diagnosis and prevention of neurological conditions are likely to remain a highly lucrative revenue generation channel for players in the interventional neurology market in the coming years.
Segmentation:
The global interventional neurology market is segmented based on disease pathology, product, end user, and region.
The global market for interventional neurology is segmented by disease pathology into cerebral aneurysms, arteriovenous malformation and fistulas, ischemic strokes, and others.
By product, the interventional neurology market is segmented into aneurysm coiling embolization devices, cerebral balloon angioplasty and stenting systems, neurothrombectomy devices, and support devices. The aneurysm coiling embolization devices segment is further classified as embolic coils, flow diversion devices, and liquid embolic agents. The embolic coils segment includes bare detachable coils and coated detachable coils. The cerebral balloon angioplasty and stenting systems segment is further classified as carotid artery stents and embolic protection systems. The embolic protection systems segment includes distal filter devices and balloon occlusion devices. Neurothrombectomy devices are further classified as clot retrieval devices, suction and aspiration devices, and snares. The support devices segment is further classified as microcatheters and microguidewires.
Based on end user, the market is segmented into hospitals clinics, ambulatory surgical centers, research academic institutes, and others.
Regional Analysis:
The Americas dominated the global interventional neurology market in 2017, followed by Europe, mainly due to the strong presence of major players in the market and the rising geriatric population in these regions. The growing healthcare sector in Asia Pacific is expected to make it the fastest growing regional market over the forecast period.
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