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Neurovascular Devices Market forecast to reach $2.3bn by 2024

Get more information @ http://bit.ly/2muZcCB <br>Neurovascular devices market share sees multinational giants such as Johnson & Johnson (Depuy), Penumbra, Medtronic, Stryker and Terumo. This industry is highly consolidated with few operational companies focusing on inorganic growth to strengthen and expand their business presence globally.

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Neurovascular Devices Market forecast to reach $2.3bn by 2024

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  1. Neurovascular Devices Market share forecast to grow at 4.1% CAGR from 2016 to 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Neurovascular DevicesMarket: • According to Global Market Insights, Inc., Neurovascular Devices Market is slated to surpass a revenue of USD 2.3 billion by 2024, growing with a CAGR of 4.1% over 2016-2024. • Escalating prevalence of brain-related disorders coupled with the popularity of minimally invasive surgeries will spur neurovascular devices market. • The demand for minimally invasive surgeries has perpetually increased worldwide, propelled by the reduced hospital stays, favorable medical insurance and reimbursement policies, and the convenience and accuracy of these surgical procedures. • This market is highly consolidated and includes the participation of giants such as Stryker, Johnson & Johnson, Terumo, Medtronic, and Penumbra.

  3. Continued... • The lack of skilled neuro-medical experts and the rising cost of neurovascular devices is likely to pose a restraint to global neurovascular devices industry growth. • Neurovascular devices are principally utilized in end-use sectors such as hospitals, ambulatory surgical units, and clinics. • Speaking of the United States, the country accounted for more than 71.6% of global neurovascular devices market share in 2015 and is projected to grow remarkably over the coming years, essentially driven by the highly developed medical infrastructural facilities, a rapidly rising patient pool, increased healthcare expenditure, and technological innovations in neuroscience. • The rise in healthcare spending is also observed to be a major growth driver for APAC neurovascular devices industry, especially across countries such as India, China, and Japan.

  4. Continued... • Neurovascular devices comprise embolic protection devices, liquid embolic coils, embolic coils, stent retrievers, flow diverters, carotid stents, balloons, neurovascular thrombectomy, intracranial stents, and intrasaccular devices. • Embolic coils dominated the product landscape of neurovascular devices industry by accounting for a share of more than 30% of the overall revenue in 2015. • Neurovascular devices find applications in stenosis, brain aneurysm, and ischemic strokes. The world is witnessing an exponential rise in the number of patients suffering from aneurysms and strokes. • Strategic mergers & acquisitions are key growth strategies adopted by neurovascular devices market players for expanding their presence across the globe. Such collaborations also help companies concentrate on clinical trials to enable the marketing of cost-effective procedures.

  5. U.S. Neurovascular Devices Market Size, By Therapeutic application, 2012- 2024 (USD Million)

  6. Browse Full Market Research Report On Neurovascular Devices Market @ http://bit.ly/2dJaD5i Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/794https://www.gminsights.com/request-sample/detail/49

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