The neurovascular devices market was estimated to be worth USD 3.1 billion globally in 2022 and is expected to grow to USD 6.5 billion by 2030, with a compound annual growth rate (CAGR) of 9.6% from 2023 to 2030. From diagnosis to therapy and management of a variety of disorders affecting the blood arteries inside the brain and spinal cord, neurovascular devices play a critical role. The market is increasing and sustainable since it is in line with the healthcare industry.
The medical equipment used to treat conditions affecting the blood arteries and nerves in the brain and spinal cord is known as a neurovascular device. Neurosurgeons, radiologists, neurologists, and other healthcare professionals use a variety of devices, including stents, embolic coils, flow diverters, and more, to improve patients' neurovascular conditions by restoring blood flow and lowering the risk of complications.

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GROWTH DRIVERS
One of the key factors driving the market is the increase in incidences of neurological disorders, such as stroke, cerebral disorders, and other abnormalities comparable to these. In 2022, the World Stroke Organization (WSO) reported that 7.6 million cases were reported globally. The WHO estimates that 3.4 billion people, or 43% of the world's population, would suffer from a neurological illness, including a stroke, in 2021. According to data published in The Lancet Neurology, approximately 3 billion people globally suffer from a neurological ailment, accounting for more than one in three cases.
The market is growing as a result of several countries' advantageous reimbursement policies for neurovascular operations, which lessen patients' financial burdens and encourage medical professionals to use cutting-edge equipment. Strict regulatory requirements uphold the safety and effectiveness of the devices, and the FDA and EMA offer precise criteria for product approval and use, which fosters market expansion. The market is growing as a result of rising healthcare expenditures and well-developed, expanding economies.
MARKET SEGMENTATION:
· By Product Type–
• Aneurysm Coiling Devices
• Embolization Devices
• Cerebral Balloon Angioplasty
• Stenting Systems
• Neuro-Thrombectomy Devices
• Support Devices and Others
· By Application –
• Ischemic Stroke
• Atherosclerosis
• Hemorrhagic Strokes
• Cerebral Aneurysm
• Arteriovenous Malformations
• Spinal Stenosis
• Other Therapeutic Applications
· By End-Users-
• Hospitals and Surgical Centers
• Ambulatory Care Centers and Research
• Academic Institutes
· By Region-
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America

Global Key Players:
· Stryker Corporation
· Medtronic
· Terumo Corporation
· Penumbra Inc
· Phenox GmbH
· MicroPort Scientific Corporation
· Johnson and Johnson
· Integer Holdings
· Acandis GmbH
· NeuroVasc Technologies, Inc.

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