Neurointerventional Devices Market Growth Driven by High Prevalence of Neurological Diseases Worldwide

 

Global neurointerventional devices market is quite bifurcated in terms of end-user scope, technique, and type. Speaking of technique, the global market is further divided into product type, end user, technique and region. The product type includes carotid stents and intracranial stents that are used for different medical conditions such as angina pectoris, carotid artery narrowing, hemodynamics, hypertension, neck pain, myocardial infarction, peripheral vasculitis, restless leg syndrome, spasticity, stasis ulcers, and other arterial insufficiency. On the other hand, there are numbing and localized techniques for use in the market as well such as photodynamic therapy, endoscopic laser therapy, local laser therapy, radiofrequency ablation, transcutaneous electric nerve stimulation, radiofrequency ablation, and ultrasound.

The global neurointerventional devices market report analyses the market in terms of technology deployed so far and the forecast in the next decade. After considering the technology deployed so far, it will present the forecast in terms of market size, companies active in this field, and countries developing new neurointerventional devices for use in the treatment of neurological conditions. In this section, Coherent Market Insights also discuss company characteristics. The nature of the industry, the size of companies, number of employees, sales figures, industry trends, competition, funding and financial strength, marketing strategy, geographic area, and government support will be presented. All these information are important for a proper analysis.

The global neurointerventional devices market report will examine the current global situation on neurointerventional devices. As the global economy worsens, the quality of life for the average person is declining. The Covid-19 pandemic has led to new challenges all over the world. The report will discuss various global markets such as Asia Pacific, Middle East, Latin America, Africa, North America, and Europe. Each of these regions will experience different trends and growth strategies. For instance, Asia Pacific will experience a growth in the neurointerventional devices market. However, a possible decline in implanted magnetic resonance imaging (MRI) techniques may occur. One possible reason for this is that more people will require MRI machines to diagnose certain neurological conditions.

Currently, the number of people affected by neurological diseases is increasing day by day. This is expected to aid in growth of the global neurointerventional devices market. According to the study, ‘Global, Regional, and National Burden of Stroke, 1990–2016: a Systematic Analysis for the Global Burden of Disease Study 2016, published in the journal The Lancet Neurology in March 2019, 80•1 million people suffered from stroke globally in 2016, of which 84•4% were ischaemic.