[Research Report] The interventional neuroradiology market was valued at US$ 1,969.39 million in 2018 and it is projected to reach US$ 3,254.55 million in 2027; it is expected to grow at a CAGR of 5.9% from 2018 to 2027.
Interventional neuroradiology is a medical sub-specialty that utilizes minimally-invasive image based technologies and procedures for the diagnosis and treatment of various diseases of head, neck and spine. The interventional neuroradiology therapies are accomplished majorly with the help of microcatheters inserted in the groin area and, under X-ray guidance, threaded through the blood vessels leading into the brain. The growth of the global interventional neuroradiology market is attributed to the progressive aging population, increasing demand for minimally invasive procedures and rise in the prevalence of the cerebral aneurysm. However, high cost of embolization coils and dearth of skilled professionals are the major factor hindering the market growth.
The global interventional neuroradiology market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.
Lucrative Regions for Global Interventional Neuroradiology Market
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Rise in the Prevalence of the Cerebral Aneurysm to Drive Global Interventional Neuroradiology Market Growth
Neurological diseases are the disorders of the brain, spine and the nerves that connect them. There are more than 600 diseases of the nervous system, such as brain tumors, epilepsy, Parkinson's disease and stroke as well as less familiar ones such as front temporal dementia. During recent years, the prevalence of neurological disorders have increased significantly.
A cerebral aneurysm (also called an intracranial aneurysm or brain aneurysm) is a bulging, weakened area in the wall of an artery in the brain, resulting in an abnormal widening, ballooning, or bleb. Because there is a weakened spot in the aneurysm wall, there is a risk for rupture (bursting) of the aneurysm. The most common type of cerebral aneurysm is called a saccular, or berry, aneurysm, occurring in 90 percent of cerebral aneurysms. This type of aneurysm looks like a "berry" with a narrow stem. More than one aneurysm may be present. Two other types of cerebral aneurysms are fusiform and dissecting aneurysms. A fusiform aneurysm bulges out on all sides (circumferentially), forming a dilated artery. Fusiform aneurysms are often associated with atherosclerosis.
Currently, the cause of cerebral aneurysms is not clearly understood. However, brain aneurysms are associated with several causative factors, such as smoking, hypertension, and family history. The most common cause of a brain aneurysm is an abnormal degenerative change in the wall of an artery, and the effects of pressure from the pulsations of blood being pumped forward through the arteries in the brain.
The prevalence of cerebral aneurysms has increased tremendously across the globe. Approximately, 30,000 people in the United States suffer from brain aneurysm rupture each year. A brain aneurysm ruptures every 18 minutes. The annual rate of rupture in the United States is found to be around 8 – 10 per 100,000 people. Hence, the rising prevalence of cerebral aneurysms is anticipated to fuel the growth of the market during the forecast period.
Product -Based Insights
In terms of product, the global interventional neuroradiology market is segmented into neurovascular embolization & coiling assist devices and accessories. In 2018, the neurovascular embolization & coiling assist devices segment held largest share of the market. Also, the same segment is estimated to register the highest CAGR during the forecast period.
Global Interventional Neuroradiology Market, by Product – 2018 and 2027
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Disease-Based Insights
Based on disease, the global interventional neuroradiology market is segmented into cerebral aneurysms, intra-cranial tumors, acute strokes, and other diseases. The acute strokes segment held the largest market share in 2018. Also, the same segment is estimated to grow at the highest CAGR during the forecast period.
End User-Based Insights
In terms of end user, the global interventional neuroradiology market is segmented into hospitals, ambulatory surgical centers and other end users. The hospitals segment held the largest share of the market in 2018. Also, the same segment is estimated to grow at the highest CAGR during the forecast period.
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Interventional Neuroradiology Market: Strategic Insights
Market Size Value in US$ 1,969.39 Million in 2018 Market Size Value by US$ 3,254.55 Million by 2027 Growth rate CAGR of 5.9% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Interventional Neuroradiology Market: Strategic Insights
| Market Size Value in | US$ 1,969.39 Million in 2018 |
| Market Size Value by | US$ 3,254.55 Million by 2027 |
| Growth rate | CAGR of 5.9% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
Akshay
Have a question?
Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
The global interventional neuroradiology market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.
Global Interventional Neuroradiology Market – by Product
- Neurovascular Embolization & Coiling Assist Devices
- Embolic Coils
- Flow Diversion Devices
- Liquid Embolic Agents
- Accessories
- Microcatheters
- Microguidewires
Global Interventional Neuroradiology Market – by Disease
- Cerebral Aneurysms
- Intra-Cranial Tumors
- Acute Strokes
- Other Diseases
Global Interventional Neuroradiology Market – by End- User
- Hospitals
- Ambulatory Surgical Centers
- Other End Users
Global Interventional Neuroradiology Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America and Central America (SCAM)
- Brazil
- Argentina
- Rest of SCAM
Company Profiles
- BALT EXTRUSION
- Merit Medical Systems
- Terumo Corporation
- Medtronic
- Penumbra, Inc.
- Stryker
- DePuy Synthes
- Boston Scientific Corporation
- W. L. Gore & Associates
- MicroPort Scientific Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Disease ; End User and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
- Balt Extrusion
- Merit Medical Systems
- Terumo Corporation
- Medtronic
- Penumbra, Inc.
- Stryker
- DePuy Synthes
- Boston Scientific Corporation
- W. L. Gore & Associates
- MicroPort Scientific Corporation
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
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- 3.1 Macro-Economic Factor Analysis:
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