Neurovascular Devices Market to hit USD 4.5 billion by 2030, says Global Market Insights Inc.
Neurovascular devices industry is anticipated to register 5.5% CAGR between 2022 and 2030 due to increasing occurrences of brain aneurysms and ischemic strokes in North America.
Selbyville, Delaware, Nov. 21, 2022 (GLOBE NEWSWIRE) —
The neurovascular devices
Affordable healthcare to foster ambulatory surgical centers segment outlook
Neurovascular devices market from ambulatory surgical centers segment held 33% business share in 2021 and is expected to showcase significant growth over 2022-2030. These centers offer low-cost treatment, which decreases the financial strain on Medicare and private insurance providers, positively influencing the demand for neurovascular devices. Moreover, these centers provide same-day surgical care, including diagnostic & preventive procedures, which is slated to boost segment size.
Expanding population base to spur product usage in spinal stenosis therapeutic applications
Neurovascular devices market share from the stenosis therapeutic application segment was worth more than USD 440 million in 2021. The growing number of people suffering from stenosis is set to push product adoption for its treatment. For instance, according to the American Academy of Orthopedic Surgery report, in 2021, approximately 2.4 million suffered from intracranial stenosis.
Favorable regulatory policies to propel Latin America neurovascular devices industry growth
LATAM neurovascular devices market is projected to depict over 4% CAGR through 2030 owing to supportive regulatory norms for medical modalities for superior patient care and management. Strong initiatives undertaken by the government to improve the healthcare infrastructure are also impelling product demand in the LATAM region.
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New product launches to remain a key growth strategy
Some key players profiled in the neurovascular devices industry report include Integer Holdings Corporation, Johnson & Johnson Services, Kaneka Medix Corp. Medtronic, and MicroPort Scientific Corporation, among others.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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