Global Neurovascular Interventional Neurology Devices Market- Medtronic PLC, Johnson & Johnson, Penumbra
Global Neurovascular Interventional Neurology Devices Market was valued at around USD 1.44 billion in 2015 and is expected to reach USD 2.25 billion by 2022, growing at a CAGR of around 7.0% during the forecast period of 2016 to 2022.
Pune, India – July 6, 2017 /MarketersMedia/ —
Introduction:
Neurovascular disease is a leading cause of adult disabilities and death; and includes any abnormality of the blood vessels within or supplying blood to the brain and spine. This includes narrowing of the arteries, which decreases blood flow to the brain and increases the risk of a stroke.
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The global market for neurovascular devices was valued at around USD 1.44 billion in 2015 and is expected to reach USD 2.25 billion by 2022, growing at a CAGR of around 7.0% during the forecast period of 2016 to 2022. Neurovascular disease is a leading cause of adult disabilities and death; and includes any abnormality of the blood vessels within or supplying blood to the brain and spine. This includes narrowing of the arteries, which decreases blood flow to the brain and increases the risk of a stroke. Additionally, a neurovascular disease may cause a weakening of the arteries that can lead to brain aneurysms and other conditions that increase the risk of a stroke. According to the World Health Organization, an estimated 15 million people worldwide suffer a stroke each year. In the U.S., around 800,000 people have a stroke annually. Of these, 87% have an acute ischemic stroke (AIS), and 13% have a hemorrhagic stroke. Neurovascular devices are used by neurosurgeons and neuro-interventionalists to treat stroke.
Geographically, North America is the leading contributor to the market and is expected to retain its position during the forecast period due to the presence of large number of geriatric population, increasing adoption of neurovascular devices by neurosurgeons and large base of patients with neurovascular disease. However, Asia-Pacific market is expected to grow at a faster rate during the forecast period. This is predominantly due to increased healthcare awareness, improved economic growth, technological advancements, increasing number of obesity cases and growing awareness among the population.
The companies covered in the Global Neurovascular Interventional Neurology Devices Market report:
1) Stryker Corporation
2) Medtronic PLC
3) Johnson & Johnson
4) Terumo Corporation
5) Penumbra, Inc.
6) Boston Scientific Corporation
7) Abbott Laboratories
8) Merit Medical Systems, Inc.
9) Microport Scientific Corporation
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