Asia Pacific Neurovascular Devices Market Growth and Analysis by 2027
Asia Pacific Neurovascular Devices Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product (Neurothrombectomy Devices, Aneurysm Coiling & Embolization Devices, Cerebral Balloon Angioplasty & Stenting Systems and Support Devices); Application (Cerebral Aneurysms, Ischemic Strokes, Arteriovenous Malformation & Fistulas and Other Applications); End User (Hospitals, Ambulatory)
- Status : Published
- Report Code : TIPRE00016367
- Category : Life Sciences
- No. of Pages : 106
- Available Report Formats :
- Last update date : February 05, 2021
2019 Market Size
US$ 664.86 Mn
Base year value
2027 Forecast
US$ 946.48 Mn
Projected by 2027
CAGR 2020-2027
4.6 %
Growth rate
Addressable Market
US$ 6,546.60 Mn
(2020-2027)
The Asia Pacific neurovascular devices market is expected to reach US$ 946.48 Mn in 2027 from US$ 664.86 Mn in 2019. The market is estimated to grow with a CAGR of 4.6% from 2020-2027.
Key factors that are driving growth of the Asia Pacific Neurovascular Devices market are Increasing Incidences of neurovascular diseases, rising demand for minimally invasive procedures, and significantly growing aging population. However, the market is expected to grow at slower pace owing to the factors such as high cost of embolization coils and lack of expert professionals operating neurovascular disorders.
Neurovascular devices are used for the treatment of neurovascular diseases that possibly affects the network of blood vessels that surround the brain. This leads to incurable conditions such as strokes and aneurysms. Neurovascular devices are used to prevent stroke, aneurysm embolization, carotid stenosis and other symptoms. Neurovascular devices are also used for performing surgical procedures to treat aneurysms and other cranial blood flow problems. The prevalence of cerebral aneurysms has increased tremendously across the globe. According to statistics published by Medanta, every year in India, around 76,000 to 200,000 cases of cerebral aneurysms are reported to have occurred. A brain aneurysm ruptures every 18 minutes. Thus, it is estimated that the rising prevalence of cerebral aneurysms is likely to fuel the growth of the market during the forecast period.
Additionally, several recent advances, such as favourable reimbursement policies, minimally invasive therapeutic modalities, and ongoing product development and commercialization, will drive market growth.
Moreover, COVID-19 pandemic has affected the market adversely. For instance, the limited availability of medical care for conditions other than COVID-19 around the world has negatively impacted the neurovascular market. Furthermore, the limited availability of healthcare staff across the globe will hamper the neurovascular devices market's growth.
Asia Pacific Neurovascular Devices Market Revenue and Forecast to 2027 (US$ Mn)
ASIA PACIFIC NEUROVASCULAR DEVICES MARKET SEGMENTATION
By Product
- Neurothrombectomy Devices
- Clot Retrieval Devices
- Suction & Aspiration Devices
- Snares
- Aneurysm Coiling & Embolization Devices
- Embolic Coils
- Bare Detachable Coils
- Coated Detachable Coils
- Flow Diversion Devices
- Liquid Embolic Agents
- Embolic Coils
- Cerebral Balloon Angioplasty & Stenting Systems
- Carotid Artery Stents
- Embolic Protection Systems
- Balloon Occlusion Devices
- Distal Fillers
- Support Devices
- Microcatheters
- Microguidewires
By Application
- Cerebral Aneurysms
- Arteriovenous Malformation & Fistulas
- Other Applications
By End User
- Hospitals
- Ambulatory Surgical Centers
- Specialized Clinics
By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
Company Profiles
- Medtronic plc
- Johnson and Johnson, Inc (DePuy Synthes)
- Penumbra, Inc
- Terumo Corporation
- MicroPort Scientific Corporation
- Integer Holdings Corporation
- Memry Corporation
- Phenox GmbH
Asia Pacific Neurovascular Devices Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 664.86 Million |
| Market Size by 2027 | US$ 946.48 Million |
| CAGR (2020 - 2027) | 4.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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