Asia Pacific Neurovascular Devices Market Growth and Analysis by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

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)

Report Date : Nov 2020
Report Code : TIPRE00016367

Category : Life Sciences
Status : Published

Available Report Formats :
No. of Pages : 106

Page Updated: Feb 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

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
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
Global CAGR (2020 - 2027)	4.6%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Product Neurothrombectomy Devices Aneurysm Coiling & Embolization Devices Cerebral Balloon Angioplasty & Stenting Systems and Support Devices By Application Cerebral Aneurysms Ischemic Strokes Arteriovenous Malformation & Fistulas and Other Applications By End User Hospitals Ambulatory
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	Medtronic plc Johnson and Johnson, Inc (DePuy Synthes) Penumbra, Inc Terumo Corporation MicroPort Scientific Corporation Integer Holdings Corporation Memry Corporation Phenox GmbH

Research Manager

Mrinal Kerhalkar

Manager,
Market Research & Consulting

Mrinal is a seasoned research analyst with over 8 years of experience in Life Sciences Market Intelligence and Consulting. With a strategic mindset and unwavering commitment to excellence, she has built deep expertise in pharmaceutical forecasting, market opportunity assessment, and developing industry benchmarks. Her work is anchored in delivering actionable insights that empower clients to make informed strategic decisions.

Mrinal’s core strength lies in translating complex quantitative datasets into meaningful business intelligence. Her analytical acumen is instrumental in shaping go-to-market (GTM) strategies and uncovering growth opportunities across the pharmaceutical and medical device sectors. As a trusted consultant, she consistently focuses on streamlining workflow processes and establishing best practices, thereby driving innovation and operational efficiency for her clients.

What are the Asia Pacific Neurovascular Devices Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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