Surge in Neurovascular Conditions Boosts Global Neurovascular Devices/Interventional Neurology Market Growth

Neurovascular Devices or Interventional Neurology Market

According to Inkwood Research, the Global Neurovascular Devices/Interventional Neurology Market is anticipated to grow with a CAGR of 5.23% in terms of revenue during the forecasting years of 2023-2032.

“Browse 87 Market Data Tables and 68 Figures spread over 286 Pages, along with an in-depth TOC on the Global Neurovascular Devices/Interventional Neurology Market Forecast 2023-2032.”


Neurovascular devices play a critical role in treating conditions related to blood vessels that supply oxygenated blood to the brain. The market offers a range of neurovascular devices, such as clippings, embolic coils, flow diversion stents, etc., catering to different medical requirements and providing effective solutions for patients.


Increasing Incidence of Neurovascular Conditions to Augment Market Growth

As per the Centers for Disease Control and Prevention (CDC), approximately 800,000 individuals experienced a stroke in the United States in January 2021, with over 75% of these cases affecting people aged 65 and above. Additionally, the Brain Aneurysm Foundation reported that around 15 million people suffer from strokes globally each year in 2022. These statistics indicate a growing prevalence of cerebral aneurysms, expected to drive the market’s growth in the forecast period.

Embolization Device: Dominating Product by 2032

Embolization is a medical procedure that involves the surgical blockage of a blood vessel to halt blood flow to a specific area of the body. This technique is widely used in the treatment of brain aneurysms, where neurovascular devices are utilized to obstruct the aneurysm and prevent further complications.

Asia-Pacific to be the Fastest-Growing Region

The increasing awareness about neurovascular interventions, the notable population leading to a significant patient base for neurovascular diseases, as well as a surge in the geriatric populace are among the top factors facilitating the market growth in the Asia-Pacific.

The industrial rivalry in the global neurovascular devices/interventional neurology market is expected to increase over the forecasting period. Leading companies operating in the market include Penumbra Inc, Phenox Inc, Rapid Medical, etc.

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