INTERVENTIONAL NEUROLOGY MARKET ANALYSIS

Interventional Neurology Market, by Product Type (Embolic Coils, Stents, Embolic Protection Devices, Flow Diverter Devices, Stent Retrievers, Revascularization Device, Guide Sheaths, Neck Reconstruction Device, Catheters, and Others), by Application (Cerebral Aneurysm, Subarachnoid Hemorrhage (SAH), Ischemic Strokes, Extracranial & Intracranial Atherosclerosis, Head and Neck Tumors, and Others), by Technique (Angioplasty, Coil Embolization, Embolectomy, Stenting, Thrombectomy, and Others), by End User (Hospitals, Clinics, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jun 2022
Code : CMI56
Pages :156
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges And Opportunities

High cost of neurovascular surgical procedures and devices

Global Interventional Neurology Market: Restraint

The major factor that hinders growth of the global interventional neurology market include high cost of neurovascular surgical procedures and devices. For instance, according to an article published by the MAMC Journal of Medical Sciences, in March 2018, the cost of endovascular coiling of a cerebral aneurysm is usually determined by the number of catheters and coils utilized during the procedure. Studies showed a relatively higher cost of admission for endovascular coiling as compared to open surgery with regard to a comparable cerebral aneurysm. As a result, endovascular intervention is not always more cost effective than open surgery.

High incidence of stroke and brain aneurysms is expected to drive growth of the interventional neurology market

Increasing prevalence of neurological diseases such as strokes and brain aneurysms is expected to drive market growth over the forecast period. For instance, according to the Brain Aneurysm Foundation, a global foundation working towards brain aneurysm awareness, education, support, advocacy, and research funding, about 30,000 people in the U.S. suffer from brain aneurysm rupture every year