North America 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 North America Neurovascular Devices Market Size is poised to grow at a growth rate of CAGR of 6.7% during the forecast period (2016 - 2022).
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. Ageing Population is becoming one of the major factors for the growth of neurovascular devices market.
According to the research, strokes are becoming one of the 4th leading reasons for the death. Strokes occur by the high intakes of tobacco, smoking & bad lifestyle. Moreover, consuming drugs would also lead to increasing incidences of strokes. And the major consumer for the drugs is the young generation. So, the strokes are not only for the older, it does affect the young ones. According to the World Health Organisation (WHO), the disability-adjusted life year (DALY), deaths, and lost due to disease (YLDs) are 100,000 populations respectively. Hence, it is expanding the demand for neurovascular devices, 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, North America Neurovascular Devices market is segmented into US, Canada, Mexico and Rest of North America. US remained the dominant Country in the North America Neurovascular Devices market in 2015. Canada would witness promising CAGR during the forecast period (2016-2022). The report covers the analysis of key stake holders 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.