The Neuro-interventional Devices Market Is Growing At a CAGR of 8.6% From 2021

The Neuro-interventional Devices Market is predicted to increase at an annual rate of 8.6%, from USD 2.5 billion in 2021 to USD 3.8 billion in 2026. The expanding target patient population, ongoing product development and commercialization, favorable medical reimbursements, the expansion of healthcare infrastructure across emerging markets, the growth in market demand for effective neurovascular devices, and increased research in the field of neurovascular therapies are all factors to consider. Furthermore, the Neuro-interventional Devices Market will see strong growth during the projection period due to increased demand for minimally invasive neurosurgery treatments and increased knowledge among neurosurgeons regarding minimally invasive surgical methods.

The COVID-19 epidemic has had a global impact on the medical device sector, notably interventional neurology devices. Despite the urgency, patient visits to hospitals have decreased dramatically during the last six months. During the COVID-19 epidemic, there is a lot of diversity in how neuro-interventional procedures are handled. To avoid contact with COVID-19 patients and healthcare staff, patients are avoiding healthcare establishments. Various acute and critical illnesses, such as stroke, myocardial infarction, and various malignancies, have shown declining rates. As governments and authorities work to secure the availability of resources for COVID-19 patients, the Neuro-interventional Devices Market is projected to be impacted.

North America is expected to be the largest market for neurovascular devices and interventional neurology during the projection period. The growing target patient population for neurovascular diseases, rising awareness among neurosurgeons about the benefits of interventional neurology devices, and ongoing government initiatives to modernize and expand healthcare infrastructure drive the Neuro-interventional Devices Market in North America. Furthermore, dropping product prices have improved the use of these gadgets, thus aiding market expansion in this region.

Stryker Corporation, Penumbra Inc Medtronic, Johnson & Johnson Private Limited, Imperative Care, Inc Anaconda Biomed SL, Insera Therapeutics, Perflow Medical Ltd Terumo Corporation, MicroPort, and Rapid Medical Ltd are the major key players in the Neuro-interventional Devices Market.