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Interventional Neurology Market123

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The global Interventional neurology market was valued at US$ 1,694.5 million in 2015 and is expected to expand at a CAGR of 5.3% during the forecast period (2016 – 2024).
The global Interventional
neurology market is
expected to expand at a
CAGR of 5.3% till 2024
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REPORT DESCRIPTION
•
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https://www.coherentmarketinsights.com/ongoing-insight/fundus-camera-market-468
The Global Interventional Neurology Market is projected to reach USD 2,684.6 million by 2024, according to a
new report by published by Coherent Market Insights. Recommendations from the American Heart Association
and American Stroke Association to use neurointerventional devices in stroke is a major factor boosting market
growth.
Increasing demand for minimally invasive procedures is one of the prime factors driving adoption of
neurointerventional devices worldwide. The American Heart Association and American Stroke Association
recommends use of neurointerventional devices in treating stroke, due to which there has been an augmented
demand for these devices in the recent past. In order to capitalize on this highly lucrative growth opportunity, a
range of new products such as Solitaire stent retriever, EmboTrap stent retriever, and Penumbra 3D
Revascularization Device have been launched in the recent past.
Developed economies such as the U.S., Canada, U.K., Australia, Japan, and Germany are witnessing rapid shift
from conventional surgical methods to minimally invasive therapies. Moreover, there is a shift towards adopting
detachable and bare platinum coils as against the highly priced coated coils. According to the Brain Aneurysm
Foundation, around six million people in the U.S. i.e. one in 50 people suffer from brain aneurysm every year.
High incidence rate of stroke and aneurysm is expected to continue strengthening demand for
neurointerventional devices in the U.S. market.
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REPORT DESCRIPTION
•
The global Interventional neurology market is witnessing strategic agreements among leading players focusing
on diversifying their product portfolio and increasing their market presence.
In 2016, Codman & Shurtleff, Inc. inked an exclusive distribution agreement with InNeuroCo, Inc. for its
intermediate catheter and super distal access device in the U.S. and European markets
In 2015, Medtronic PLC acquired Lazarus Effect, a California-based medical device company engaged in
development of acute ischemic stroke products for around US$ 100 million. Lazarus Effect was acquired with
an aim to enhance Medtronic’s neurovascular business and related portfolio.
Medical University of South Carolina (MUSC) is investigating the safety and success rate of ADAPT - directaspiration first pass technique that removes the clot in a single-pass
FDA expanded the approval of Solitaire stent retriever device of Medtronic PLC for reduction of stroke-related
disability. This device can now be used in patients with large vessel occlusion, proximal anterior circulation, and
smaller core infarcts to reduce paralysis, and other stroke-related disabilities.
CE approved EmboTrap stent retriever platform, the EmboTrap II Revascularization Device from Neuravi Ltd.
This new device enables removal of clots of different lengths with ease.
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REPORT DESCRIPTION
•Key takeaways of the market include:
●
https://www.coherentmarketinsights.com/ongoing-insight/fundus-camera-market-468
There are a range of neurointerventional devices such as embolic coils, carotid stents, intracranial stents, neurovascular thrombectomy
devices, embolic protection devices, and flow diverter devices available in the market. Embolic coils was the largest segment and
accounted for 32.5% share (in terms of revenue) in 2015. This is mainly due to these being the mainstay of endovascular treatment for
brain aneurysms and hemorrhage.
Demand for stent retrievers is anticipated to grow at a rapid pace during the forecast period (2016 – 2024). This is mainly attributed to
these being used as a one-step technique for device deployment and clot retrieval. The launch of this device in Japan is anticipated to
also contribute towards the market growth in Asia Pacific.
Introduction of new techniques such as flow disruption and ADAPT aspiration technique is expected reduce the revenue share of coiling
technique segment, and is projected to account 34.3% of the total market revenue by 2024
Demand for neurointerventional devices is analyzed to be high in hospitals as compared to ambulatory centers, due to growing number
of surgical procedures in hospitals. The hospitals end use segment is analyzed to expand at a CAGR of 5.2% during the forecast period.
In 2015, North America dominated the global Interventional neurology market, with the contribution of the region estimated at US$ 701.9
million. Increasing incidence rate of brain aneurysm and ischemic strokes along with favorable government policies such as Medicare
and Medicaid is expected to bolster sales of interventional neurology devices over the forecast period.
Growing focus on introducing technological advanced devices is expected to drive market growth in the long run
Stryker Corporation’s subsidiary Concentric Medical’s Trevo XP ProVue Retriever received FDA approval for its use in strokes in
November 2016
Penumbra 3D Revascularization Device Trial successfully met the primary trial endpoints in 2016
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pranali
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