Neurovascular intervention is the use of minimally invasive medical devices and techniques to treat vascular diseases of central nervous system. Neurovascular interventional procedures help to avoid surgeries of high risk zones of body such as brain, spine, or the neck. It is a field with significant scope for research and development because it requires a highly expertise neurologist to perform the procedures with current conventional devices. There is a need to advance technology and devices to minimize the failures in interventional procedures. Neurovascular Intervention involves usage of minimally invasive approaches including the use of microcatheters to treat various diseases of the brain, head, neck, and spine. Neurovascular interventional devices are used in procedures such as removal of blood clot within a blood vessel in the brain during an acute ischemic stroke and to restore blood flow. Several improvements are noted with endovascular treatment of intracranial aneurisms by detachable coils. Recent evidence suggests that endovascular intervention is at least as effective as open surgery, with fewer complications.

The global neurovascular intervention market has witnessed improvements in the area of neuroendovascular therapy which has led to the development of novel revascularization, embolization, mechanical thrombectomy, and access/support devices. The market is driven by advancements that are able to address the unmet needs of a large population suffering from cerebrovascular diseases across the world. According to the World Health Organization, incidence of cerebrovascular diseases such as migraine and stroke is high in Italy. This is mainly affecting the age group of 40–84 years. This is due to the rapidly changing lifestyle in the European countries. Exponential rise in the number of patients suffering from aneurysms and stroke are the factors fueling the growth of the market. The shift in trend from traditional interventions to minimally invasive procedures for the treatment of neurovascular disorders is boosting the companies for new advancements in neurovascular intervention market. However, lack of skilled neurosurgeons and high cost of neurovascular intervention treatment and R&D are likely to restrain the market. Suppliers in this space such as Stryker, Codman, and Medtronic are influenced by the strategies of large orthopedic companies, which has resulted in high prices of neurovascular devices.

The global neurovascular intervention market can be segmented based on device category, disease, and region. In term of device category, the market can be categorized into coil, carotid stent, clot removal device, liquid embolic, coil assist balloon, coil assist stent, flow diverter stent, and micro wire/catheter. The coil segment accounts for the largest share of the global neurovascular intervention market. Based on disease, the global neurovascular intervention market can be classified into aneurysm, intracranial atherosclerotic disease (icad), ischemic stroke, and arteriovenous malformation (AVM). The aneurysm segment is expected to account for the largest market share in 2016. According to one study, an estimated 6 million people in the U.S. have an unruptured brain aneurysm.

Geographically, the global neurovascular intervention market can be segmented into North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East. North America is projected to dominate the global neurovascular intervention market during the forecast period due to factors such as rise in aging population and large patient pool suffering from various neurological disorders in this region. Emerging economies in India, China, and Japan in Asia Pacific are expected to grow at a higher rate due to rise in gross domestic product (GDP) and increase in purchasing capabilities of health care institutions.

Key players operating in the global neurovascular intervention market are Stryker, Medtronic, Terumo Corporation, Penumbra, Inc., Johnson & Johnson, and Abbot Laboratories.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Neurovascular Intervention Market

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