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THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET FORECAST 2023-2030

SCOPE OF THE REPORT

Thailand Neurovascular Devices / Interventional Neurology Market by Product (Embolization Devices, Accessory Devices, Revascularization Devices, Thrombectomy Devices, Embolic Protection Devices) Market by Application (Aneurysm, Ischemic Stroke, Stenosis, Arteriovenous Malformation, Other Applications)

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MARKET OVERVIEW

The Thailand neurovascular devices/interventional neurology market is expected to develop with a CAGR of 6.23% during the forecast period of 2023 to 2030, capturing a revenue share of $39.82 million by 2030.

Neurovascular disorders encompass a range of pathological conditions resulting from brain or spinal cord infarction, including ischemic or hemorrhagic strokes. Thailand’s market growth in this field is being driven by the increasing rate of Alzheimer’s disease and the rapid growth of the aging population. As one of the fastest-aging countries globally, Thailand is projected to see a significant rise in the proportion of its population aged 60 and above, from 13% in 2010 to 33% in 2040.

The prevalence of Alzheimer’s disease is on the rise, affecting around 3-5% of Thailand’s population, with dementia-related deaths accounting for 5.13% of total deaths. By 2030, the number of Alzheimer’s patients is expected to reach 1,117,000, leading to a surge in the need for neurodegenerative disorder treatments. Additionally, GNE myopathy (GNEM), a neuromuscular disorder causing muscle degeneration and loss of motor movement, adds to the market demand. As a result, the aforementioned factors are expected to drive the neurovascular devices/interventional neurology market growth in Thailand during the projection period.

Thailand_Neurovascular_Devices_Interventional_Neurology_Market

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The Thailand neurovascular devices/interventional neurology market is segmented into product and application. The application segment includes aneurysm, ischemic stroke, stenosis, arteriovenous malformation (AVM), and other applications.

Ischemic stroke is generally caused by a blood clot obstructing blood flow by forming plug-in blood vessels in the brain. Furthermore, this leads to reduced blood flow to the brain, which, in turn, leads to the death of brain cells, causing permanent damage to patients. Hence, stroke requires immediate medical attention. For instance, treating ischemic stroke involves using neurovascular thrombectomy devices.

These devices include various endovascular aids such as clot retrieval, suction and aspiration, and snares. In addition, these devices recover the brain from ischemic conditions if it has not attained the stage of complete infarction. Moreover, they also restore perfusion through a blocked artery. Suction devices work by application of a vacuum to withdraw occlusive clot, whereas stent retrievers are self-expandable devices that expand and entangle the thrombus within itself. The entangled thrombus is then pulled back to the delivery microcatheter.

Eminent firms operating in the Thailand neurovascular devices/interventional neurology market include Balt, Johnson & Johnson (Cerenovus), Medtronic Inc, Phenox Inc, etc.

Johnson & Johnson, headquartered in the United States, manufactures consumer healthcare products, medical devices, and pharmaceuticals through its subsidiaries. The medical products segment includes bariatric and metabolic surgery, wound closure, general surgery and gynecology, cancer surgery, hernia repair, infection prevention, orthopedics, bleeding management, neuro, arrhythmias, diabetes care, and cardiovascular disease products.

Neurovascular devices are classified under the company’s medical device segment, controlled by Cerenovus, a subsidiary of Johnson & Johnson. It provides a broad portfolio employed in the endovascular treatment of hemorrhagic as well as ischemic stroke. Moreover, the company’s business operations span the Americas, Europe, Asia-Pacific, and Africa.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2030
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Product and Application
Countries AnalyzedThailand
Companies AnalyzedAcandis GmbH, Balt, Johnson & Johnson (Cerenovus), Medtronic Inc, Phenox Inc, Stryker Corporation, Terumo Corporation

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT
    3. COUNTRY ANALYSIS
    4. SCOPE OF STUDY
    5. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET
    6. MAJOR MARKET FINDINGS
      1. GOVERNMENT INITIATIVES TO CREATE AWARENESS ABOUT NEUROVASCULAR DISEASES
      2. EARLY DETECTION OF ARTERIOVENOUS MALFORMATION (AVM)
      3. THROMBECTOMY IMPROVES PATIENT OUTCOMES AND REDUCES DISABILITY RATE
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. SIGNIFICANT RISE IN INCIDENCE OF NEUROVASCULAR CONDITIONS 
      2. PREFERENCE FOR MINIMALLY INVASIVE PROCEDURES
      3. GERIATRIC POPULATION’S VULNERABILITY TO NEUROVASCULAR DISEASES
      4. UNDERLYING DISEASES ARE A RISK FACTOR FOR NEUROVASCULAR DISEASES
    2. KEY RESTRAINTS
      1. EXORBITANT COSTS OF NEUROVASCULAR DEVICES
      2. LACK OF TRAINED NEUROSURGEONS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
      1. GROWTH PROSPECT MAPPING FOR THAILAND
    4. MARKET CONCENTRATION ANALYSIS
    5. VALUE CHAIN ANALYSIS
  5. MARKET BY PRODUCT
    1. EMBOLIZATION DEVICES
      1. EMBOLIC COILS
        1. COATED DETACHABLE COILS
        2. BARE DETACHABLE COILS
      2. COIL ASSIST STENT
      3. CLIPPINGS
      4. COIL ASSIST BALLOON
    2. ACCESSORY DEVICES
      1. MICROCATHETERS
      2. MICRO GUIDEWIRES
    3. REVASCULARIZATION DEVICES
      1. CAROTID ARTERY STENTS
      2. FLOW DIVERSION STENTS
    4. THROMBECTOMY DEVICES
      1. CLOT RETRIEVAL DEVICES
      2. SUCTION AND ASPIRATION DEVICES
      3. SNARES
    5. EMBOLIC PROTECTION DEVICES
      1. BALLOON OCCLUSION DEVICES
      2. DISTAL FILTER DEVICES
  6. MARKET BY APPLICATION
    1. ANEURYSM
    2. ISCHEMIC STROKE
    3. STENOSIS
    4. ARTERIOVENOUS MALFORMATION (AVM)
    5. OTHER APPLICATIONS
  7. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. ACANDIS GMBH
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      2. BALT
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      3. JOHNSON & JOHNSON (CERENOVUS)
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. MEDTRONIC INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. PHENOX INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. STRYKER CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      7. TERUMO CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST 
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY

TABLE 2: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY PRODUCT, HISTORICAL YEARS 2018-2022 (IN $ MILLION)

TABLE 3: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY PRODUCT, FORECAST YEARS 2023-2030 (IN $ MILLION)

TABLE 4: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY EMBOLIZATION DEVICES, HISTORICAL YEARS 2018-2022 (IN $ MILLION)

TABLE 5: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY EMBOLIZATION DEVICES, FORECAST YEARS 2023-2030 (IN $ MILLION)

TABLE 6: THAILAND EMBOLIZATION DEVICES MARKET, BY EMBOLIC COILS, HISTORICAL YEARS 2018-2022 (IN $ MILLION)

TABLE 7: THAILAND EMBOLIZATION DEVICES MARKET, BY EMBOLIC COILS, FORECAST YEARS 2023-2030 (IN $ MILLION)

TABLE 8: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY ACCESSORY DEVICES, HISTORICAL YEARS 2018-2022 (IN $ MILLION)

TABLE 9: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY ACCESSORY DEVICES, FORECAST YEARS 2023-2030 (IN $ MILLION)

TABLE 10: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY REVASCULARIZATION DEVICES, HISTORICAL YEARS 2018-2022 (IN $ MILLION)

TABLE 11: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY REVASCULARIZATION DEVICES, FORECAST YEARS 2023-2030 (IN $ MILLION)

TABLE 12: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY THROMBECTOMY DEVICES, HISTORICAL YEARS 2018-2022 (IN $ MILLION)

TABLE 13: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY THROMBECTOMY DEVICES, FORECAST YEARS 2023-2030 (IN $ MILLION)

TABLE 14: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY EMBOLIC PROTECTION DEVICES, HISTORICAL YEARS 2018-2022 (IN $ MILLION)

TABLE 15: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY EMBOLIC PROTECTION DEVICES, FORECAST YEARS 2023-2030 (IN $ MILLION)

TABLE 16: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY APPLICATION, HISTORICAL YEARS 2018-2022 (IN $ MILLION)

TABLE 17: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY APPLICATION, FORECAST YEARS 2023-2030 (IN $ MILLION)

TABLE 18: LIST OF MERGERS & ACQUISITIONS

TABLE 19: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 20: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 21: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR THAILAND

FIGURE 4: MARKET CONCENTRATION ANALYSIS

FIGURE 5: VALUE CHAIN ANALYSIS

FIGURE 6: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2022

FIGURE 7: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY EMBOLIZATION DEVICES, 2023-2030 (IN $ MILLION)

FIGURE 8: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, GROWTH POTENTIAL, BY EMBOLIZATION DEVICES, IN 2022

FIGURE 9: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY EMBOLIC COILS, 2023-2030 (IN $ MILLION)

FIGURE 10: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, GROWTH POTENTIAL, BY EMBOLIC COILS, IN 2022

FIGURE 11: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY COATED DETACHABLE COILS, 2023-2030 (IN $ MILLION)

FIGURE 12: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY BARE DETACHABLE COILS, 2023-2030 (IN $ MILLION)

FIGURE 13: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY COIL ASSIST STENT, 2023-2030 (IN $ MILLION)

FIGURE 14: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY CLIPPINGS, 2023-2030 (IN $ MILLION)

FIGURE 15: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY COIL ASSIST BALLOON, 2023-2030 (IN $ MILLION)

FIGURE 16: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY ACCESSORY DEVICES, 2023-2030 (IN $ MILLION)

FIGURE 17: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, GROWTH POTENTIAL, BY ACCESSORY DEVICES, IN 2022

FIGURE 18: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY MICROCATHETERS, 2023-2030 (IN $ MILLION)

FIGURE 19: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY MICRO GUIDEWIRES, 2023-2030 (IN $ MILLION)

FIGURE 20: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY REVASCULARIZATION DEVICES, 2023-2030 (IN $ MILLION)

FIGURE 21: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, GROWTH POTENTIAL, BY REVASCULARIZATION DEVICES, IN 2022

FIGURE 22: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY CAROTID ARTERY STENTS, 2023-2030 (IN $ MILLION)

FIGURE 23: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY FLOW DIVERSION STENTS, 2023-2030 (IN $ MILLION)

FIGURE 24: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY THROMBECTOMY DEVICES, 2023-2030 (IN $ MILLION)

FIGURE 25: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, GROWTH POTENTIAL, BY THROMBECTOMY DEVICES, IN 2022

FIGURE 26: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY CLOT RETRIEVAL DEVICES, 2023-2030 (IN $ MILLION)

FIGURE 27: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY SUCTION AND ASPIRATION DEVICES, 2023-2030 (IN $ MILLION)

FIGURE 28: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY SNARES, 2023-2030 (IN $ MILLION)

FIGURE 29: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY EMBOLIC PROTECTION DEVICES, 2023-2030 (IN $ MILLION)

FIGURE 30: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, GROWTH POTENTIAL, BY EMBOLIC PROTECTION DEVICES, IN 2022

FIGURE 31: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY BALLOON OCCLUSION DEVICES, 2023-2030 (IN $ MILLION)

FIGURE 32: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY DISTAL FILTER DEVICES, 2023-2030 (IN $ MILLION)

FIGURE 33: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 34: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY ANEURYSM, 2023-2030 (IN $ MILLION)

FIGURE 35: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY ISCHEMIC STROKE, 2023-2030 (IN $ MILLION)

FIGURE 36: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY STENOSIS, 2023-2030 (IN $ MILLION)

FIGURE 37: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY ARTERIOVENOUS MALFORMATION (AVM), 2023-2030 (IN $ MILLION)

FIGURE 38: THAILAND NEUROVASCULAR DEVICES/INTERVENTIONAL NEUROLOGY MARKET, BY OTHER APPLICATIONS, 2023-2030 (IN $ MILLION)

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