Asia Pacific Neurovascular Devices Market By Technology Type (Embolization and Coiling - Embolic Coils, Flow Diversion Devices, Liquid Embolic Agents; Cerebral Balloon Angioplasty & Stenting Systems - Carotid Artery Stents Systems, Embolic Protection Systems; Support Devices - Microcatheters, Microguidewires; Neurothrombectomy Devices - Clot Retrievers, Suction and Aspiration Devices, Snares)
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Market Report Description
The Asia Pacific Neurovascular Devices Market is anticipated to experience a growth rate of 11.2% CAGR during the forecast period.
The field of medicine which deals in the anatomy and disorders of nervous system is termed as Neurology. The term neuro and vascular refers to nerve and Veins respectively. Neurovascular Devices also known as Interventional Neurology, is the non-surgical specialty that uses minimally invasive, image guided techniques mainly used for the treatment of the most complicated and dangerous diseases of the brain, neck and spine.
Vascular structures of the nervous tissues and blood vessels are majorly affected in the patients suffering from Neurovascular disorders which mainly affect the human brain and damage it. Neurology is mainly needed for the effective treatment of neurovascular disorders. According to the World Health Organisation (WHO) the leading cause of the disability are strokes which are becoming the third main cause of death all over the world. As per the study, main risk factor of stroke is high blood pressure which is expanding by the intakes of things like tobacco, smoking, high blood cholesterol etc.
Owing to the unhealthy lifestyle and disorders related to obesity & blood pressure are the major factors for the growth of the market. Additionally, aging population, technological enhancements are some of the factors which are also responsible for the growth of the neurovascular market globally. Based on the technology type, the Neurovascular Devices market is segmented into Embolization & Coiling, Cerebral Balloon Angioplasty & Stenting Systems, Support Devices and Neurothrombectomy Devices. Embolization & Coiling is further segmented into Embolic Coils, Flow Diversion Devices and Liquid Embolic Agents. Cerebral Balloon Angioplasty & Stenting Systems is further sub-segmented into Carotid Artery Stents and Embolic Protection Systems. Support Devices is further divided into Microcatheters and Microguidewires.
Neurothrombectomy Devices is further segmented into Clot Retrievers, Suction & Aspiration Devices and Snares. Based on Country, Asia-Pacific Neurovascular Devices market is segmented into China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific. China remained the dominant Country in the Asia-Pacific Neurovascular Devices market in 2015. India and South Korea would witness promising CAGR during the forecast period (2016-2022).
The report covers the analysis of key stakeholders of the Neurovascular Devices market. Key companies profiled in the report include Stryker Corporation, Medtronic Plc, Johnson & Johnson, Terumo Corporation, Abbott Laboratories, Merit Medical Systems, Inc., W.L. Gore & Associates, Inc., Microport Scientific Corporation and Medikit Co. Ltd.