Interventional Neurology Market To Grow Like Never Before By 2026embed
According to the Brain Aneurysm Foundation (BAF), brain aneurysm accounts for around 500,000 deaths each year. BAF estimates that aneurysm is predominant in the age group of 35–60 years.
Interventional Neurology Market Progresses for Huge Profits by 2026 Global Interventional Neurology Market by Product Type (Embolic coils, Carotid stents, Intracranial stents), by Technique (Neurothrombectomy Procedure, Cerebral Angiography Technique, Stenting Technique), by Therapeutic Application (Brain Aneurysm, Ischemic Strokes, Artery Stenosis), by End User (Hospitals, and Ambulatory Centers), and by Geography - Trends and Forecast to 2024 According to the Brain Aneurysm Foundation (BAF), brain aneurysm accounts for around 500,000 deaths each year. BAF estimates that aneurysm is predominant in the age group of 35–60 years. Moreover, globally around 15 million people suffer a stroke every year, as per stats released by the World Heart Federation. High incidence of stroke and brain aneurysm is contributing to increasing demand for interventional neurology devices. Furthermore, introduction of new techniques such as flow diverter and aspiration are propelling demand for interventional neurology devices. 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). Click To Read More On Interventional Neurology Market. Neurovascular conditions such as stroke and aneurysms are generally treated with tissue plasminogen activators (tPAs). However, use of neurointerventional devices along with the medication therapy is more effective in removing clots and reducing the risk of early recurrence of the condition. Interventional neurology technology has been evolving rapidly, which is resulting in demand shift from clipping to coiling, coated to bare platinum coils, and so on. Market dynamics Factors such as increasing prevalence of brain aneurysms, and stroke, government programs to decrease the burden of traumatic brain injury, technological advancements plugging treatment gaps and availability of reimbursement are driving demand for neurointerventional devices. However, high cost and negative perception about neurointerventional devices is impacting the demand negatively. Companies are therefore, adopting different strategies such as providing FDA approved on-site training, strategic collaborations, and technology upgrades in order to increase their market presence and engage with customers. Ask For Sample Copy Of This Business Research Report : https://www.coherentmarketinsights.com/insight/request-sample/56 Innovative neurointerventional devices to cannibalize conventional neurointerventional devices Coiling is the conventional and more of a gold standard treatment technique for stroke. Increasing complexities in treating patients suffering from recurring stroke incidents is driving demand for advanced technological products. Neurointerventional devices such as Intrasaccular devices, stent retrievers, and flow diverters are expected to gain major traction during the forecast period (2016 – 2024). Intrasaccular devices are expected to be launched in the U.S. and Japan market by 2018. Realizing the benefits of stent retrievers, the American Heart Association and American Stroke Association have issued guidelines, recommending the use of stent retrievers along with tPA for treatment of stroke. Strategic channel distribution agreements among manufacturers to bolster their regional reach Codman Neuro entered into agreement with InNeuroCo, Inc. for the European distribution rights for intermediate catheters (ICs). Similarly, Covidien (now Medtronic) entered into an exclusive distribution agreement with Pulsar Vascular, Inc. to market and promote PulseRider in Europe, the Middle East, and Africa. PulseRider is a minimally invasive device intended for use (with embolic coils) for treatment of unruptured wide-neck intracranial aneurysms. Such strategic distribution partnership are helping market leaders to expand their global footprint. Penumbra 3D Revascularization Device (next-generation stroke-treatment device) proved more effective with Penumbra aspiration device according to the studies conducted by Penumbra, Inc. as compared to using the aspiration device alone. Market players need to address demand-shift in devices and procedural techniques The global Interventional neurology market is undergoing a demand-shift in terms of products and techniques to treat stroke and aneurysms. For instance, demand for bare platinum coils is growing at a rapid pace as compared to that for coated coils. This is mainly due to high costs of coated coils and their less improved clinical outcomes compared to bare platinum coils. The highly touted International Subarachnoid Aneurysm Trial (ISAT) demonstrated improved clinical outcomes with coils rather than clipping, which resulted in decline in the usage of clips in neurovascular surgery. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1–206–701–6702 Email: [email protected]