San Francisco, New York, November 29, 2017: A recent market research report by TMR Research presents a thorough analytical account of the global market for neurovascular devices and its future growth prospects over the period between 2017 and 2025. The report is titled “Neurovascular Devices Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.”
The report states that the global neurovascular devices market will exhibit a robust growth rate over the forecast period, with factors such as the massive rise in the pool of patients, increased focus of market players on the development of innovative and more effective devices, and rising growth opportunities in emerging economies to act as key growth drivers.
The report states that the rising prevalence of brain aneurysm and ischemic strokes is also a key factor likely to encourage the increased demand for neurovascular devices market. Furthermore, the significant rise in the demand for minimally invasive surgical processes and technological advancements in this area are also expected to drive the market for neurovascular devices in the next few years.
However, the increased demand for low cost and more effective therapeutics methods and devices and the rising need for commercialization of products owing to the rising competition are some of the key factors likely to restrain the growth prospects of the market to a certain extent in the next few years. Nevertheless, companies in the global neurovascular devices market could benefit from the increased number of initiatives undertaken by public and private bodies with the view of expanding and improving healthcare infrastructures.
From a geographical standpoint, the market for neurovascular devices in North America is presently the key contributor of revenue and growth opportunities to the global market and is likely to be the hub for significant development in the area of neurovascular devices in the next few years. The U.S. is envisioned to account for a significant share of the North America market in the next few years as the country is witnessing a significant rise in the numbers of patients with brain aneurysm. Technological advancements and the well-developed healthcare infrastructures in the country can also be attributed to the healthy growth prospects of the neurovascular devices market.
The market in Asia Pacific, on the other hand, is expected to be the hub for most promising growth opportunities in the next few years. The rising patient population, increased awareness among patients regarding the variety of highly effective neurovascular devices available in the global market, and rising expenditure on healthcare are some of the key factors fueling the market for neurovascular devices in Asia Pacific. Similar factors are also expected to play a crucial role in the promising development the market for neurovascular devices in Latin America in the next few years.
It has been observed that the vendor landscape of the global market for neurovascular devices is consolidated in nature, with only a handful number of companies positioned at commanding positions. Leading vendors in the market make attempts to exploit opportunities in niche areas and focus on expansion across the globe as a way of strengthening their hold on the market. The report presents a detailed overview of the competitive landscape of the market and profiles some of the leading companies in it. Some of the leading companies operating in the global neurovascular devices market profiled in the report are Medtronic, Johnson & Johnson (Depuy), Penumbra, Terumo, and Stryker.
Get Sample Copy of this Report