HOME Top Market Reports Neurovascular Devices/Interventional Neurology Market by Technology (Embolization, Carotid Stenting, Balloon Angioplasty, Neurothrombectomy), Product (Carotid Stent, Flow Diversion, Microcatheter, Clot Retrieval, Suction Device) - Global Forecast to 2020

Neurovascular Devices/Interventional Neurology Market by Technology (Embolization, Carotid Stenting, Balloon Angioplasty, Neurothrombectomy), Product (Carotid Stent, Flow Diversion, Microcatheter, Clot Retrieval, Suction Device) - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: October 2015
Report Code: MD 1310

 

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The global neurovascular devices market is poised to reach $2,370.4 Million by 2020 growing at a CAGR of 8.4% from 2015 to 2020. Market growth can be attributed to factors such as growth in target patient population, technological advancements in the field of interventional neurosurgeries, favorable medical reimbursements across mature markets, and expanding healthcare infrastructure across developing countries. However, ongoing healthcare reforms in the U.S. and a dearth of skilled neurosurgeons are restraining the growth of interventional neurology market. In addition, stringent regulatory policies (that regulate product development and commercialization) across major markets are posing significant challenges for market growth.

North America (particularly the U.S.) is expected to hold the largest share of neurovascular devices market during the forecast period. Factors such as significant adoption of neurovascular devices among neurosurgeons, favorable reimbursement scenario, strong presence of device manufacturers in the region, and availability of significant R&D investments are driving the growth of the North American interventional neurology market.

In 2014, Stryker Corporation (U.S.) dominated the global interventional neurology market. Over the past three years, the company adopted new product launches, strategic acquisitions, and geographic expansion as key business strategies to maintain its position in the market. The other key players in this market include Medtronic, plc (U.S.), Johnson & Johnson (U.S.), Terumo Corporation (Japan), Penumbra, Inc. (U.S.), Abbott Laboratories (U.S.), Merit Medical Systems, Inc. (U.S.), W. L. Gore & Associates, Inc. (U.S.), Microport Scientific Corporation (China), and Medikit Co., Ltd. (Japan), among others.

Scope of the Report

This research report categorizes the neurovascular devices market into the following segments and subsegments:

Neurovascular Devices/Interventional Neurology Market, By Technology

  • Embolization and Coiling
  • Carotid Artery Angioplasty and Stenting
  • Supporting Technologies
  • Neurothrombectomy

Neurovascular Devices/Interventional Neurology Market, By Product

  • Aneurysm Coiling & Embolization Devices
    • Embolic Coils
    • Flow Diversion Devices
    • Liquid Embolic Agents
  • Cerebral Balloon Angioplasty & Stenting Systems
    • Carotid Artery Stents
    • Embolic Protection Systems
  • Support Devices
    • Microcatheters
    • Microguidewires
  • Neurothrombectomy Devices
    • Clot Retrievers
    • Suction and Aspiration Devices
    • Snares

Neurovascular Devices/Interventional Neurology Market, By Region

  • North America
  • U.S.
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Table Of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives Of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown Of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 26)
    3.1 Introduction
    3.2 Current Market Scenario
    3.3 Future Outlook
    3.4 Conclusion

4 Premium Insights (Page No. - 32)
    4.1 Global Neurovascular Devices Market Overview (2015–2020)
    4.2 Global Interventional Neurology Market Size, By Technology (2015)
    4.3 Global Neurovascular Devices Market Size, By Product Type (2015-2020)
    4.4 Global Interventional Neurology Market, By Product (2015)
    4.5 Global Interventional Neurology Market, By Product (Units)
    4.6 Global Neurovascular Devices Market Size, By Region (2015-2020)

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Neurovascular Devices Market Segmentation
    5.3 Neurovascular Devices Market Dynamics
           5.3.1 Key Market Drivers
                    5.3.1.1 Growing Target Patient Population
                    5.3.1.2 Technological Advancements
                    5.3.1.3 Favorable Medical Reimbursements
                    5.3.1.4 Expansion Of Healthcare Infrastructure Across Developing Countries
                    5.3.1.5 Growing Market Demand for Effective Neurovascular Devices
           5.3.2 Key Market Restraints
                    5.3.2.1 Ongoing Healthcare Reforms in the U.S.
                    5.3.2.2 Dearth Of Skilled Neurosurgeons
           5.3.3 Key Market Opportunities
                    5.3.3.1 Growing Market Penetration Of Key Players in Emerging Countries
                    5.3.3.2 Increasing Research in Neurovascular Therapies
                    5.3.3.3 Rising Demand for Minimally Invasive Neurosurgical Procedures
           5.3.4 Key Market Challenge
                    5.3.4.1 Stringent Regulatory Policies
    5.4 Ongoing Clinical Studies
           5.4.1 Embolization Coiling Procedures
           5.4.2 Carotid Artery Stenting Procedures
           5.4.3 Embolic Protection Procedures
           5.4.4 Flow Diversion Procedures
           5.4.5 Supporting Techniques
           5.4.6 Neurothrombectomy Procedures

6 Neurovascular Devices/Interventional Neurology Market, By Technology (Page No. - 69)
    6.1 Introduction
    6.2 Embolization and Coiling
    6.3 Carotid Artery Angioplasty and Stenting
    6.4 Supporting Techniques
    6.5 Neurothrombectomy

7  Neurovascular Devices/Interventional Neurology Market, By Product (Page No. - 76)
    7.1 Introduction
    7.2 Aneurysm Coiling and Embolization Devices
           7.2.1 Embolic Coils
                    7.2.1.1 Bare Detachable Coils
                    7.2.1.2 Coated Detachable Coils
           7.2.2 Flow Diversion Devices
           7.2.3 Liquid Embolic Agents
    7.3 Cerebral Balloon Angioplasty and Stenting Systems
           7.3.1 Carotid Artery Stents
           7.3.2 Embolic Protection Systems
                    7.3.2.1 Distal Filter Devices
                    7.3.2.2 Balloon Occlusion Devices
    7.4 Support Devices
           7.4.1 Microcatheters
           7.4.2 Microguidewires
    7.5 Neurothrombectomy Devices
           7.5.1 CLOT Retrieval Devices
           7.5.2 Suction and Aspiration Devices
           7.5.3 Snares

8  Neurovascular Devices/Interventional Neurology Market, By Region (Page No. - 104)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
    8.3 Europe
    8.4 Asia-Pacific
           8.4.1 Japan
    8.5 Rest Of the World (RoW)

9 Competitive Landscape (Page No. - 127)
    9.1 Overview for Neurovascular Devices Market
    9.2 Neurovascular Devices Market Share Analysis
    9.3 Competitive Scenario
    9.4 Recent Developments
           9.4.1 New Product Launches and Product Enhancements
           9.4.2 Geographical Expansions
           9.4.3 Strategic Acquisitions
           9.4.4 Agreements and Partnerships
           9.4.5 Other Developments

10 Company Profiles (Page No. - 138)
     10.1 Introduction
             10.1.1 Geographic Mix
             10.1.2 Strategic Benchmarking
     10.2 Stryker Corporation
             10.2.1 Business Overview
             10.2.2 Products Offered
             10.2.3 Recent Developments
             10.2.4 MnM View
     10.3 Medtronic PLC
             10.3.1 Business Overview
             10.3.2 Products Offered
             10.3.3 Recent Developments
             10.3.4 MnM View
     10.4 Johnson & Johnson
             10.4.1 Business Overview
             10.4.2 Products Offered
             10.4.3 Recent Developments
             10.4.4 MnM View
     10.5 Terumo Corporation
             10.5.1 Business Overview
             10.5.2 Products Offered
             10.5.3 Recent Developments
             10.5.4 MnM View
     10.6 Penumbra, Inc.
             10.6.1 Business Overview
             10.6.2 Products Offered
             10.6.3 Recent Developments
             10.6.4 MnM View
     10.7 Abbott Laboratories
             10.7.1 Business Overview
             10.7.2 Products Offered
             10.7.3 Recent Developments
     10.8 Merit Medical Systems, Inc.
             10.8.1 Business Overview
             10.8.2 Products Offered
             10.8.3 Recent Developments
     10.9 W. L. Gore & Associates, Inc.
             10.9.1 Business Overview
             10.9.2 Product Offered
             10.9.3 Recent Developments
     10.10 Microport Scientific Corporation
             10.10.1 Business Overview
             10.10.2 Products Offered
             10.10.3 Recent Developments
     10.11 Medikit Co., Ltd.
             10.11.1 Business Overview
             10.11.2 Products Offered
             10.11.3 Recent Developments

11 Appendix (Page No. - 167)
     11.1 Insights Of Industry Experts
     11.2 Discussion Guide
     11.3 Introducing RT: Real-Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports


List Of Tables (91 Tables)

Table 1 Growing Target Patient Population is Resulting in Higher Market Demand for Neurovascular and Interventional Neurology Products
Table 2 Dearth Of Skilled Neurosurgeons Hindering the Adoption Of Neurovascular Devices Among Healthcare Professionals
Table 3 Growth Potential in Emerging Markets
Table 4 Stringent Regulatory Framework Threatening Overall Neurovascular Devices Market Growth
Table 5 Embolization Coils: Ongoing Clinical Trials (As Of 2015)
Table 6 Carotid Stents: Ongoing Clinical Trials (As Of 2015)
Table 7 Distal Filter and Balloon Occlusion Catheters: Ongoing Clinical Trials (As Of 2015)
Table 8 Flow Diversion Devices: Ongoing Clinical Trials (As Of 2015)
Table 9 Microcatheters: Ongoing Clinical Trials (As Of 2015)
Table 10 CLOT Retrieval, Suction, and Aspiration Devices: Ongoing Clinical Trials (As Of 2015)
Table 11 Neurovascular Devices Market Size, By Technology, 2013–2020 (USD Million)
Table 12 Neurovascular Devices Market Size for Embolization and Coiling, By Region, 2013–2020 (USD Million)
Table 13 Neurovascular Devices Market Size for Carotid Artery Angioplasty and Stenting, By Region, 2013–2020 (USD Million)
Table 14 Neurovascular Devices/Interventional Neurology Market Size for Supporting Techniques, By Region, 2013–2020 (USD Million)
Table 15 Interventional Neurology Market Size for Neurothrombectomy, By Region, 2013–2020 (USD Million)
Table 16 Neurovascular Devices Market Size, By Product, 2013–2020 (USD Million)
Table 17 Neurovascular Devices Market Size, By Product, 2013–2020 (Units)
Table 18 Aneurysm Coiling and Embolization Devices Market Size, By Product Type, 2013–2020 (USD Million)
Table 19 Aneurysm Coiling and Embolization Devices Market Size, By Product Type, 2013–2020 (Units)
Table 20 Aneurysm Coiling and Embolization Devices Market Size, By Region, 2013–2020 (USD Million)
Table 21 Embolic Coils Market Size, By Product Type, 2013–2020 (USD Million)
Table 22 Embolic Coils Market Size, By Product Type, 2013–2020 (Units)
Table 23 Embolic Coils Market Size, By Region, 2013–2020 (USD Million)
Table 24 Bare Detachable Coils Market Size, By Region, 2013–2020 (USD Million)
Table 25 Bare Detachable Coils Market Size, By Region, 2013–2020 (Units)
Table 26 Coated Detachable Coils Market Size, By Region, 2013–2020 (USD Million)
Table 27 Coated Detachable Coils Market Size, By Region, 2013–2020 (Units)
Table 28 Flow Diversion Devices Market Size, By Region, 2013–2020 (USD Million)
Table 29 Aneurysm Coiling and Embolization Devices Market Volume for Flow Diversion Devices, By Region, 2013–2020 (Units)
Table 30 Liquid Embolic Agents Market Size, By Region, 2013–2020 (USD Million)
Table 31 Liquid Embolic Agents Market Size, By Region, 2013–2020 (Units)
Table 32 Cerebral Balloon Angioplasty and Stenting Systems Market Size, By Product Type, 2013–2020 (USD Million)
Table 33 Cerebral Balloon Angioplasty and Stenting Systems Market Size, By Product Type, 2013–2020 (Units)
Table 34 Cerebral Balloon Angioplasty and Stenting Systems Market Size, By Region, 2013–2020 (USD Million)
Table 35 Carotid Artery Stents Market Size, By Region, 2013–2020 (USD Million)
Table 36 Carotid Artery Stents Market Size, By Region, 2013–2020 (Units)
Table 37 Embolic Protection Devices Market Size, By Product Type, 2013–2020 (USD Million)
Table 38 Embolic Protection Devices Market Size, By Product Type, 2013–2020 (Units)
Table 39 Embolic Protection Devices Market Size, By Region, 2013–2020 (USD Million)
Table 40 Distal Filter Devices Market Size, By Region, 2013–2020 (USD Million)
Table 41 Distal Filter Devices Market Size, By Region, 2013–2020 (Units)
Table 42 Balloon Occlusion Devices Market Size, By Region, 2013–2020 (USD Million)
Table 43 Balloon Occlusion Devices Market Size, By Region, 2013–2020 (Units)
Table 44 Neurovascular and Interventional Neurology Support Devices Market Size, By Region, 2013–2020 (USD Million)
Table 45 Neurovascular and Interventional Neurology Support Devices Market Size, By Product Type, 2013–2020 (USD Million)
Table 46 Neurovascular and Interventional Neurology Support Devices Market Size, By Product Type, 2013–2020 (Units)
Table 47 Neurovascular and Interventional Neurology Microcatheters Market Size, By Region, 2013–2020 (USD Million)
Table 48 Neurovascular and Interventional Neurology Microcatheters Market Size, By Region, 2013–2020 (Units)
Table 49 Neurovascular and Interventional Neurology Microguidewires Market Size, By Region, 2013–2020 (USD Million)
Table 50 Neurovascular and Interventional Neurology Microguidewires Market Size, By Region, 2013–2020 (Units)
Table 51 Neurothrombectomy Devices Market Size, By Product Type, 2013–2020 (USD Million)
Table 52 Neurothrombectomy Devices Market Size, By Product Type, 2013–2020 (Units)
Table 53 Neurothrombectomy Devices Market Size, By Region, 2013–2020 (USD Million)
Table 54 Neurothrombectomy CLOT Retrieval Devices Market Size, By Region, 2013–2020 (USD Million)
Table 55 Neurothrombectomy CLOT Retrieval Devices Market Size, By Region, 2013–2020 (Units)
Table 56 Neurothrombectomy Suction & Aspiration Devices Market Size, By Region, 2013–2020 (USD Million)
Table 57 Neurothrombectomy Suction & Aspiration Devices Market Size, By Region, 2013–2020 (Units)
Table 58 Neurothrombectomy Snares Market Size, By Region, 2013–2020 (USD Million)
Table 59 Neurothrombectomy Snares Market Size, By Region, 2013–2020 (Units)
Table 60 Neurovascular Devices/Interventional Neurology Market Size, By Region, 2013–2020 (USD Million)
Table 61 North America: Neurovascular Devices Market Size, By Technology, 2013–2020 (USD Million)
Table 62 North America: Aneurysm Coiling and Embolization Devices Market Size, By Product, 2013–2020 (USD Million)
Table 63 North America: Cerebral Balloon Angioplasty and Stenting Systems Market Size, By Product, 2013–2020 (USD Million)
Table 64 North America: Support Devices Market Size, By Product, 2013–2020 (USD Million)
Table 65 North America: Neurothrombectomy Devices Market Size, By Product, 2013–2020 (USD Million)
Table 66 U.S.: Neurovascular Devices Market Size, By Technology, 2013–2020 (USD Million)
Table 67 Europe: Neurovascular Devices Market Size, By Technology, 2013–2020 (USD Million)
Table 68 Europe: Aneurysm Coiling and Embolization Devices Market Size, By Product, 2013–2020 (USD Million)
Table 69 Europe: Cerebral Balloon Angioplasty and Stenting Systems Market Size, By Product, 2013–2020 (USD Million)
Table 70 Europe: Support Devices Market Size, By Product, 2013–2020 (USD Million)
Table 71 Europe: Neurothrombectomy Devices Market Size, By Product, 2013–2020 (USD Million)
Table 72 Asia-Pacific: Neurovascular Devices Market Size, By Technology, 2013–2020 (USD Million)
Table 73 Asia-Pacific: Aneurysm Coiling and Embolization Devices Market Size, By Product, 2013–2020 (USD Million)
Table 74 Asia-Pacific: Cerebral Balloon Angioplasty and Stenting Systems Market Size, By Product, 2013–2020 (USD Million)
Table 75 Asia-Pacific: Support Devices Market Size, By Product, 2013–2020 (USD Million)
Table 76 Asia-Pacific: Neurothrombectomy Devices Market Size, By Product, 2013–2020 (USD Million)
Table 77 Japan: Interventional Neurology Market Size, By Technology, 2013–2020 (USD Million)
Table 78 Japan: Aneurysm Coiling and Embolization Devices Market Size, By Product, 2013–2020 (USD Million)
Table 79 Japan: Cerebral Balloon Angioplasty and Stenting Systems Market Size, By Product, 2013–2020 (USD Million)
Table 80 Japan: Support Devices Market Size, By Product, 2013–2020 (USD Million)
Table 81 Japan: Neurothrombectomy Devices Market Size, By Product, 2013–2020 (USD Million)
Table 82 RoW: Neurovascular Devices Market Size, By Technology, 2013–2020 (USD Million)
Table 83 RoW: Aneurysm Coiling and Embolization Devices Market Size, By Product, 2013–2020 (USD Million)
Table 84 RoW: Cerebral Balloon Angioplasty and Stenting Systems Market Size, By Product, 2013–2020 (USD Million)
Table 85 RoW: Support Devices Market Size, By Product, 2013–2020 (USD Million)
Table 86 RoW: Neurothrombectomy Devices Market Size, By Product, 2013–2020 (USD Million)
Table 87 New Product Launches and Product Enhancements, 2012–2015
Table 88 Geographical Expansions, 2012–2015
Table 89 Strategic Acquisitions, 2012–2015
Table 90 Agreements and Partnerships, 2012–2015
Table 91 Other Developments, 2012–2015

List Of Figures (46 Figures)

Figure 1 Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Assumptions for the Research Study
Figure 6 Neurovascular Devices Market Share, By Key Player, 2014
Figure 7 Future Trends: Neurovascular Devices Market Size, By Technology (2015–2020)
Figure 8 Future Trends: Neurovascular Devices and Interventional Neurology Market Share, By Product (2015 vs 2020)
Figure 9 Future Trends: Neurovascular Devices and Interventional Neurology Products Market Size, By Type (2015–2020)
Figure 10 Future Trends: Carotid Balloon Angioplasty and Stenting Systems Market Size, By Product Type (2015–2020)
Figure 11 Future Trends: Neurovascular Devices Market Share, By Region (2015)
Figure 12 Asia-Pacific Neurovascular Devices Market to Witness Highest Growth in the Forecast Period
Figure 13 North America is Expected to Dominate the Interventional Neurology Technologies Market in 2015
Figure 14 Carotid Stents & Flow Diversion Devices Segments are Expected to Witness High Growth During the Forecast Period
Figure 15 Aneurysm Coiling and Embolization Devices is the Key Product Segment Across All Regions in 2015
Figure 16 Carotid Stents & Flow Diversion Devices are Poised to Be the Fastest-Growing Product Segments Till 2020
Figure 17 Asia-Pacific is Poised to Be the Fastest Growing Region in Neurovascular Device/Interventional Neurology Market Till 2020
Figure 18 Neurovascular Devices/Interventional Neurology Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Proportion Of Geriatric Population to Total Population, By Country, (2012 vs 2020)
Figure 20 Global Trend in Government Healthcare Expenditure: Developed vs Developing Countries (2010–2012)
Figure 21 Ongoing Clinical Trials Across the Globe (As in 2015)
Figure 22 Carotid Artery Angiography & Stenting is Poised to Be the Fastest-Growing Neurovascular Technology During Forecast Period
Figure 23 North America is Expected to Be the Largest Geographic Segment in the Global Supporting Techniques Market (2015)
Figure 24 Balloon Angiography & Stenting Systems Market to Witness Highest Growth Among All Products Categories During 2015 to 2020
Figure 25 Embolic Coils Segment Expected to Lead Aneurysm Coiling and Embolization Devices Market During the Forecast Period
Figure 26 Carotid Stents to Witness Highest Growth in the Cerebral Balloon Angioplasty and Stenting Systems Market
Figure 27 Microcatheters to Hold the Largest Share Of Supporting Devices Market During the Study Period
Figure 28 CLOT Retrievers Segment to Witness Significant Growth in Neurothrombectomy Devices Market
Figure 29 North America to Lead the Neurovascular Devices Market During 2015–2020
Figure 30 North American Market Snapshot: Rising Number Of Clinical Trials to Augment the Adoption Of Neurovascular Devices
Figure 31 European Market Snapshot: Growing Availability Of Innovative Neurovascular Devices to Support Market Growth
Figure 32 Asia-Pacific Market Snapshot: Increasing Localized Manufacturing to Propel Demand for Neurovascular Devices
Figure 33 RoW Market Snapshot: Low Awareness Limiting Market Expansion
Figure 34 New Product Launches & Product Enhancements Was Adopted By Most Of the Leading Players to Strengthen Their Market Positions Between 2012 and 2015
Figure 35 Global Neurovascular Devices Market Share, By Key Player, 2014
Figure 36 Leading Market Players: Key Neurovascular and Interventional Neurology Product Segment (2014)
Figure 37 Continuous Product Development & Commercialization is Stimulating Market Competition Among Key Players
Figure 38 Geographic Revenue Mix Of Top Four Market Players
Figure 39 Leading Companies Focus on Geographic Expansions to Strengthen Their Distribution Networks & Device Manufacturing Capabilities
Figure 40 Stryker Corporation: Company Snapshot
Figure 41 Medtronic PLC: Company Snapshot
Figure 42 Johnson & Johnson: Company Snapshot
Figure 43 Terumo Corporation: Company Snapshot
Figure 44 Abbott Laboratories: Company Snapshot
Figure 45 Merit Medical Systems, Inc.: Company Snapshot
Figure 46 Microport Scientific Corporation: Company Snapshot

The global interventional neurology market is poised to reach $2,370.4 Million by 2020, growing at a CAGR of 8.4% from 2015 to 2020. Market growth can be attributed to factors such as growing target patient population, technological advancements in the field of interventional neurosurgeries, favorable medical reimbursements across mature markets, and expansion in healthcare infrastructure across developing countries. However, ongoing healthcare reforms in the U.S. and a dearth of skilled neurosurgeons are restraining the growth of this market. In addition, stringent regulatory policies (that regulate product development and commercialization) across major markets are posing significant challenges for market growth.

On the basis of product, the neurovascular devices market is classified into four major segments—aneurysm coiling & embolization devices (includes embolic coils, flow diversion devices, and liquid embolic agents), cerebral balloon angioplasty & stenting systems (includes carotid artery stents and embolic protection systems), support devices (includes microcatheters and microguidewires), and neurothrombectomy devices (includes clot retrievers, suction & aspiration devices, and snares). The aneurysm coiling and embolization devices segment is expected to account for the largest share of 58.8% of the global neurovascular devices market, by product, in 2015. Its large share is augmented by factors such as the significant demand for bare embolic coils among neurosurgeons for brain aneurysm treatment, increasing R&D to develop & commercialize novel flow diverters, and low procedural costs associated with neurovascular embolization.

On the basis of technology, the neurovascular devices market is classified into four segments embolization & coiling, carotid artery angioplasty & stenting, supporting techniques, and neurothrombectomy. The embolization & coiling segment is expected to account for the largest market share in 2015, while the carotid artery angioplasty & stenting segment is poised to be the fastest-growing segment in the next five years. Its high growth can be attributed to the growing adoption of carotid stents and balloon catheters among neurosurgeons; expansion in patient population suffering from atherosclerosis and ischemic strokes; increasing number of interventional neurologists, neurosurgical centers, and hospitals; and improving reimbursement scenario across developed markets.

Geographically, the neurovascular devices market is classified into four regions North America, Europe, Asia-Pacific, and the Rest of the World. In 2015, North America is estimated to dominate the global market. The Asia-Pacific market is poised to grow at the highest CAGR of 12.3% during the forecast period owing to the presence of a large patient population base for target diseases, rising awareness among neurosurgeons (related to the benefits offered by interventional neurology devices during neurosurgery), ongoing government initiatives to modernize & expand respective healthcare infrastructure, and increasing adoption due to decreasing prices of interventional neurology devices in Asia-Pacific (owing to increasingly localized manufacturing and strengthening of distribution networks).

Geography expansion and product development are the key strategies adopted by major players to strengthen their positions in the global interventional neurology market. Moreover, strategies such as new product launches, strategic acquisitions, partnerships, agreements, and collaborations were also adopted by a significant number of market players to strengthen their product portfolios and expand their geographic presence in the global neurovascular devices market. Stryker Corporation (U.S.), Medtronic, plc (U.S.), Johnson & Johnson (U.S.), Terumo Corporation (Japan), Penumbra, Inc. (U.S.), Abbott Laboratories (U.S.), Merit Medical Systems, Inc. (U.S.), W. L. Gore & Associates, Inc. (U.S.), Microport Scientific Corporation (China), and Medikit Co., Ltd. (Japan) are the key players operating in the global neurovascular devices market.

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