The global interventional neurology devices and equipment market is expected to decline from $2.3 billion in 2019 to $1.9 billion in 2020 at a compound annual growth rate (CAGR) of -17.6%. The decline is mainly because of worldwide supply and demand mismatches of resources due to the COVID-19 outbreak. There is an inadequate production of devices used in neurological disease treatment, due to the restrictions imposed by governments of various countries to shutdown factories or function with minimal staffing in order to contain the spread of virus and keep the staff safe. Additionally, the restrictions on non-essential medical services also hampered the market growth. The market is then expected to recover and grow at a CAGR of 8.2% from 2021 and reach $3.1 billion in 2023.
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The interventional neurology devices and equipment market consists of sales of interventional neurology devices which are used to treat neurovascular diseases such as aneurysms, arteriovenous malformations, cavernous malformations and stroke. Based on the product type, these devices are classified into aneurysm coiling & embolization devices, support devices, cerebral balloon angioplasty & stenting systems and neurothrombectomy devices. Interventional Neurology devices are also known as Neurovascular devices.
Increase in the patient population with the neurological disorders is driving the Interventional neurology devices market. Neural disorders like Alzheimer disease, cerebrovascular diseases including stroke, migraine and other headache disorders are on the rise. The rapid increase in the geriatric population, high-stress levels in young individuals and head injuries due to accidents are the main reasons for neural disorders.
Interventional Neurology Devices And Equipment Market Segmentation:
1.Aneurysm Coiling and Embolization Devices,
2.Cerebrospinal Fluid Management Devices
3. Neurothrombectomy Devices
4. Support Devices.
2. Neurology clinics
3. Ambulatory care centers
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Few Points From Table Of Content
1. Executive Summary
2. Interventional Neurology Devices And Equipment Market Characteristics
3. Interventional Neurology Devices And Equipment Market Size And Growth
4. Interventional Neurology Devices And Equipment Market Segmentation
5. Interventional Neurology Devices And Equipment Market Regional And Country Analysis
26. Key Mergers And Acquisitions In The Interventional Neurology Devices And Equipment Market
27. Interventional Neurology Devices And Equipment Market Trends And Strategies
28. Interventional Neurology Devices And Equipment Market Future Outlook and Potential Analysis
The report covers the trends and market dynamics of the Interventional Neurology Devices And Equipment Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Interventional Neurology Devices And Equipment Market are Medtronic, Stryker, TERUMO CORPORATION, Penumbra, Covidien.
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