Europe Neurovascular Devices Market Trends, Size, Segment and Growth by Forecast to 2030
Market Overview and Dynamics
The Europe
neurovascular devices market is expected to reach US$ 773.41 Mn in 2027
from US$ 999.65 Mn in 2019. The market is estimated to grow with a CAGR of 3.4%
from 2020-2027. Key factors that are driving growth of Europe
Neurovascular Devices market are Increasing Incidences of neurovascular
diseases, rising demand for minimally invasive procedures, and significantly
growing aging population. However, the market is expected to grow at slower
pace owing to the factors such as high cost of embolization coils and lack of
expert professionals operating neurovascular disorders.
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Market Introduction
Neurovascular devices are used to treat neurovascular
diseases that possibly affect the network of blood vessels that surround the
brain. Neurovascular disorders lead to incurable conditions such as strokes and
aneurysms. Neurovascular devices are used to prevent stroke, aneurysm
embolization, carotid stenosis, and other symptoms. Neurovascular devices are
also used for performing surgical procedures to treat aneurysms and other
cranial blood flow problems.
Europe Neurovascular Devices Strategic Insights
Strategic insights for the Europe Neurovascular Devices
provides data-driven analysis of the industry landscape, including current
trends, key players, and regional nuances. These insights offer actionable
recommendations, enabling readers to differentiate themselves from competitors
by identifying untapped segments or developing unique value propositions.
Leveraging data analytics, these insights help industry players anticipate the
market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented
perspective is essential, helping stakeholders anticipate market shifts and
position themselves for long-term success in this dynamic region. Ultimately,
effective strategic insights empower readers to make informed decisions that
drive profitability and achieve their business objectives within the market.
Europe Neurovascular Devices Report Scope
Attribute |
Details |
Market Size (2019) |
US$ 999.65 Million |
Market Size (2027) |
US$ 773.41 Million |
Global CAGR (2020–2027) |
-3.4% (Decline) |
Historical Data |
2017–2018 |
Forecast Period |
2020–2027 |
Segments Covered - Product |
Neurothrombectomy, Coiling & Embolization, Angioplasty
& Stenting Devices |
Segments Covered - Application |
Aneurysms, Ischemic Strokes, AVM & Fistulas, Others |
Segments Covered - End User |
Hospitals, Ambulatory Surgical Centers, Specialized
Clinics |
Regions Covered |
Europe (UK, Germany, France, Russia, Italy, Rest of
Europe) |
Key Companies |
Medtronic, J&J (DePuy), Penumbra, Terumo, MicroPort,
Integer, Memry, Phenox |
Europe Neurovascular Devices Regional Insights
The geographic scope of the Europe Neurovascular Devices
refers to the specific areas in which a business operates and competes.
Understanding local distinctions, such as diverse consumer preferences (e.g.,
demand for specific plug types or battery backup durations), varying economic
conditions, and regulatory environments, is crucial for tailoring strategies to
specific markets. Businesses can expand their reach by identifying underserved
areas or adapting their offerings to meet local demands. A clear market focus
allows for more effective resource allocation, targeted marketing campaigns,
and better positioning against local competitors, ultimately driving growth in
those targeted areas.
Key Market Segments
The Europe neurovascular devices market, based on the
product was segmented into neurothrombectomy devices, aneurysm coiling &
embolization devices, cerebral balloon angioplasty & stenting systems and
support devices. The aneurysm coiling & embolization devices held the
largest share of the market in 2019, and is anticipated to register the highest
CAGR in the market during the forecast period.
The Europe neurovascular devices market, based on the
application was segmented into cerebral aneurysms, ischemic strokes,
arteriovenous malformation & fistulas, and other applications. In 2019,
ischemic strokes segment held the largest share of the market and is expected
to register the highest CAGR in the market during the forecast period.
Based on end user, the Europe neurovascular devices market,
was segmented into hospitals, ambulatory surgical centers and specialized
clinics. In 2019, hospitals segment held the largest share of the market
and is registered to dominate the market at the highest CAGR during the
forecast period.
Major Sources and Companies Listed
Some of the major primary and secondary sources for
Europe neurovascular devices market included in the report are Societa
Italiana Di Neuroscienze (SINS); Agenzia Sanitaria e Sociale Regionale (ASSR); World
Stroke Organisation (WSO); and World Health Organisation (WHO); among others.
Reasons to buy the report
- To
understand the Europe neurovascular devices market scope and
identify market segments that are most likely to guarantee a strong return
- Stay
ahead of the race by comprehending the ever-changing competitive landscape
for Europe neurovascular devices market.
- Efficiently
plan M&A and partnership deals in Europe neurovascular devices
market by identifying market segments with the most promising
probable sales
- Helps
to take knowledgeable business decisions from perceptive and comprehensive
analysis of market performance of various segment form
Europe neurovascular devices market.
- Obtain
market revenue forecast for market by various segments from 2019 to 2027
in Europe.
Europe North America Neurovascular Devices market –
Category |
Subcategories |
By Product |
Neurothrombectomy Devices |
By Application |
Cerebral Aneurysms |
By End User |
Hospitals |
By Country |
UK |
Company Profiles |
Medtronic plc |
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