Following are the Major Objectives of this Study:
# To define, describe, and forecast the global Neurovascular Devices Market on the basis of product, disease pathology, and region
# To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and opportunities)
# To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market
# To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for leading market players
# To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
# To strategically profile the key market players and comprehensively analyze their market shares and core competencies2
# To track and analyze competitive developments such as acquisitions, expansions, new product launches, agreements, and collaborations in the neurovascular devices/interventional neurology devices market
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Factors Influencing Global Growth:-
Major factors driving the growth of this market include growing target patient population, ongoing product development & commercialization, favorable medical reimbursements, expansion of healthcare infrastructure across emerging markets, and growing market demand for effective neurovascular devices.
Moreover, increasing number of researches in the field of neurovascular therapies, rising demand for minimally invasive neurosurgical procedures, and increasing awareness among neurosurgeons about minimally invasive surgical procedures provide significant growth opportunities in the market.
Restraint:
# Stringent Regulations
# Dearth of Skilled Neurosurgeons
Opportunity:
# Increasing Research Activities in the Field of Neurovascular Therapies
# Rising Demand for Minimally Invasive Neurosurgical Procedures
Monetary Growth Expectations, Globally:
According to the Research Study conducted by MarketsandMarkets™: The neurovascular devices market is expected to reach USD 2.62 billion by 2021 from USD 1.74 billion in 2016, at a CAGR of 8.6% from 2016 to 2021.
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Target Audience:
# Original Equipment Manufacturers (OEMs)
# Product Sales and Distribution Companies
# Healthcare Service Providers (Hospitals and Surgical Centers)
# Non-government Organizations
# Government Regulatory Authorities
# Research Laboratories and Academic Institutes
# Clinical Research Organizations (CROs)
# Research and Development Companies
# Market Research and Consulting Firms
Geographical Growth Scenario:
On the basis of geography, this market is classified into four regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is the fastest-growing geographic segment in the neurovascular devices/interventional neurology market.
The large market growth of this geographic segment can be attributed 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, and ongoing government initiatives to modernize & expand healthcare infrastructure.
Leading Market Players:
# Stryker Corporation (U.S.)
# Medtronic plc (U.S.)
# Johnson & Johnson (U.S.)
# Terumo Corporation (Japan)
# Penumbra, Inc. (U.S.)
# Abbott Laboratories (U.S.) and many more…
