Dallas, Texas (PRWEB) April 08, 2014
In this report, the neurovascular interventions market encompasses embolization, revascularization, mechanical thrombectomy, and access/support devices. In 2013 in the 10MM, the neurovascular interventions market was approximately $1.37bn. We estimate the 2014 sales of neurointerventional devices for cerebrovascular applications to be $1.40bn across the 10 countries covered in this report, which are the US, France, Germany, Italy, Spain, the UK, Japan, China, India, and Brazil. Embolization, revascularization, and mechanical thrombectomy devices can be used for a wide range of cerebrovascular indications including intracranial aneurysms and arteriovenous malformations (AVMs), dural arteriovenous fistulas (DAVFs), atherosclerotic disease, and stroke. Endovascular therapy for neurovascular applications is rapidly expanding and provides effective results.
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The key drivers for this market during the forecast period are:
Combined, the US, five European Union countries (5EU) (France, Germany, Italy, Spain, and UK), and Japan, account for approximately 80% of the neurointerventional market for cerebrovascular applications. The US is forecast to have the largest market share in the market, followed by Japan, and then collectively, the 5EU. Innovative technologies such as flow diverters and stent retrievers have not received regulatory approval and been launched in the Japanese market. Stent retrievers and flow diverters are expected to enter Japan beginning in 2015. In the 5EU, Germany and France are leading the way in the market and have the largest forecast market shares in 2020. In the emerging markets, China has the largest market share, followed by Brazil. These emerging markets are an outlet of expansion and a source of additional revenue for neurointerventional device manufacturers.
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Global Neurovascular Interventions Market in the 10 Major Markets
The global neurovascular interventions market in the 10MM is a vast, double-digit market that consists of innovative and emerging technologies. Rapid advances in the field of neurovascular interventions along with the development of minimally invasive techniques have greatly expanded the potential of therapeutic applications. Embolization devices including bare metal and bioactive/coated coils, aneurysm remodeling devices (stents and occlusion balloons), flow diversion devices, and liquid embolic agents can be used to treat.
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