Global Interventional Neuroradiology Market Size By Device Type, By Application, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Interventional Neuroradiology Market Size And Forecast
Interventional Neuroradiology Market size was valued at 29.38 USD Billion in 2023 and is projected to reach 47.74 USD Billion by 2031, growing at a CAGR of 6.90% during the forecast period 2024-2031.
Global Interventional Neuroradiology Market Drivers
The market drivers for the Interventional Neuroradiology Market can be influenced by various factors. These may include
Growing Prevalence of Neurological Disorders The need for interventional neuroradiology operations is being driven by the increased occurrence of neurological disorders such as brain tumours, aneurysms, and strokes.
Technological Advancements The precision and safety of interventional neuroradiology treatments are being improved by advances in imaging technology, including as navigational systems, flat-panel detector systems, and 3D rotational angiography, which is growing the market.
Growing Ageing Population The need for interventional neuroradiology operations is predicted to rise as the world’s population ages and more people develop age-related neurological illnesses including Parkinson’s and Alzheimer’s disease.
Growing Awareness and Adoption of Minimally Invasive operations Because of the benefits of minimally invasive operations, including faster recovery periods, lower risk of complications, and better patient outcomes, more doctors and patients are choosing to do these procedures.
Expanding Applications Arteriovenous malformations (AVMs), intracranial stenosis, and spinal vascular lesions are among the conditions for which interventional neuroradiology procedures are being used, going beyond the conventional treatments for aneurysms and strokes. This expansion of applications is expected to propel market growth.
Payment Policies In many nations, interventional neuroradiology procedures are reimbursed favourably, which incentivizes healthcare providers to deliver these services and consequently propels market expansion.
Partnerships and Collaborations By bringing together university research facilities, healthcare organisations, and business leaders, new technologies are being developed and the market for interventional neuroradiology goods and services is being expanded.
Emerging Markets As a result of improved healthcare infrastructure, rising healthcare spending, and more consumer knowledge of cutting-edge treatment alternatives, emerging markets, including Asia-Pacific and Latin America, are seeing potential for market expansion.
Global Interventional Neuroradiology Market Restraints
Several factors can act as restraints or challenges for the Interventional Neuroradiology Market. These may include
High Costs Patients and healthcare facilities with limited resources may find it difficult to receive interventional neuroradiology due to the high cost of the procedures and equipment involved.
Limited skill Specific training and skill are needed to perform interventional neuroradiology operations. The expansion of the industry may be constrained by a lack of skilled specialists, particularly in specific regions.
Regulatory Obstacles Strict regulations governing medical devices and procedures may make it difficult for new businesses and innovations to enter the interventional neuroradiology sector.
Risk of problems There is an inherent risk associated with interventional neuroradiology operations, which includes the potential for problems such bleeding, infection, and neurological impairments. Patient safety worries could impede market growth.
Technological Complexity Constant investment in research and development is necessary due to the rapid improvements in interventional neuroradiology techniques and technologies. Keeping up with the latest advancements and incorporating them into healthcare practice may provide hurdles for businesses.
Problems with Reimbursement Insurance companies and healthcare systems have different reimbursement schedules and policies for interventional neuroradiology treatments. Healthcare facilities may be discouraged from providing these services or from investing in new technology if they get inadequate compensation.
Other Therapies When efficacy and cost-effectiveness are comparable, other therapy modalities like conventional surgery or medication therapies may compete with interventional neuroradiology techniques.
Global Interventional Neuroradiology Market Segmentation Analysis
The Global Interventional Neuroradiology Market is Segmented on the basis of Device Type, Application, And Geography.
Interventional Neuroradiology Market, By Device Type
Embolic Coils Tiny metal spirals used to block blood flow in aneurysms or malformations.
Stents Tiny expandable tubes used to open narrowed blood vessels.
Embolic Protection Devices Filters that capture blood clots during procedures.
Flow Diverter Devices Stents that divert blood flow away from aneurysms.
Stent Retrievers Devices used to remove stents that are not properly positioned.
Revascularization devices Tools used to restore blood flow to blocked vessels.
Guide Catheters Tubes that guide other devices to the target area in the brain.
Neck Reconstruction Devices Implants used to repair weakened areas of the blood vessels in the neck.
Catheters Thin tubes used to access blood vessels in the brain.
Interventional Neuroradiology Market, By Application
Cerebral Aneurysm A bulging, weak area in a blood vessel in the brain that can rupture and cause bleeding.
Subarachnoid Hemorrhage (SAH) Bleeding between the layers of tissue that surround the brain.
Ischemic Strokes Strokes caused by blood clots blocking blood flow to the brain.
Extracranial & Intracranial Atherosclerosis Narrowing of the arteries due to plaque buildup.
Head and Neck Tumors Tumors located in the head and neck region.
Interventional Neuroradiology Market,By Geography
North America Market conditions and demand in the United States, Canada, and Mexico.
Europe Analysis of the Interventional Neuroradiology Market in European countries.
Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
Middle East and Africa Examining market dynamics in the Middle East and African regions.
Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Interventional Neuroradiology Market are
Balt Extrusion
Merit Medical Systems
Terumo Corporation
Medtronic
Penumbra, Inc.
Mediterra
Stryker
Boston Scientific Corporation
Micro Port Scientific Corporation
MicroVention Inc.
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2020-2031
Base Year
2023
Forecast Period
2024-2031
Historical Period
2020-2022
UNIT
Value (USD Billion)
Key Companies Profiled
Balt Extrusion, Merit Medical Systems, Terumo Corporation, Medtronic, Penumbra, Inc., Stryker, Boston Scientific Corporation, Micro Port Scientific Corporation, MicroVention Inc.
Segments Covered
By Device Type, By Application, And By Geography.
Customization Scope
Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
Top Trending Reports
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
We dig into the market using both numbers and stories, looking at different groups based on money and other stuff that matters. You'll get market value (in USD Billion) for every segment and sub-segment we identify. We'll also point out which regions and segments are likely to grow fastest and be the biggest. Our analysis breaks down each geographic area, showing how much of the product/service is used there and what's influencing the market in each place. Want to know who's on top? We've got a competitive landscape that ranks the major players and covers new stuff they've launched, partnerships they've made, how they've expanded, and any acquisitions they've done in the last five years. Plus, we've got detailed company profiles with overviews, insights, product comparisons, and SWOT analyses for the big names. We'll give you a current and future sneak peek at the industry, including recent news and what's driving growth (and what's holding it back) in both new and established areas. Expect an in-depth look at the market from all angles, using Porter's five forces. We'll also show you the value chain to give you extra insight. Finally, we cover the market's ups and downs, potential growth areas in the future, and include 6 months of analyst support after the sale.
Customization of the Report
• In case of any  please connect with our sales team, who will ensure that your requirements are met.
For a single, multi and corporate client license, the report will be available in PDF format.
Sample report would be given you in excel format. For more questions please contact:
