Interventional Neurology Devices Market Analysis

1. What is the Market Size & CAGR of Interventional Neurology Devices market in 2021?

The global interventional neurology devices market had a market size of USD 3.5 billion in 2021 with a CAGR of 5.2%.

2. COVID-19 Impact on the Interventional Neurology Devices Market

The COVID-19 pandemic significantly impacted the interventional neurology devices market, causing disruptions in the supply chain and delaying product launches.

However, the market has shown resilience and adapted to the changing landscape by introducing telemedicine services and remote monitoring.

3. Interventional Neurology Devices Dynamics

The interventional neurology devices market dynamics are influenced by technological advancements, increasing prevalence of neurological disorders, and growing healthcare infrastructure.

The key drivers include the rise in neurovascular diseases, advancements in minimally invasive procedures, and the increasing geriatric population.

4. Segments and Related Analysis

The interventional neurology devices market is segmented based on product type, application, and end-user.

The major segments include embolization coils, neurothrombectomy devices, stents, flow diverters, and catheters.

5. By Region Analysis

The market is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America dominates the market due to the presence of key players and high healthcare expenditure.

6. Key Market Players and Competitive Landscape

The key players in the interventional neurology devices market include Medtronic, Stryker Corporation, Johnson & Johnson, Terumo Corporation, and Penumbra, Inc.

The market is highly competitive with companies focusing on product launches and strategic partnerships.

7. Recent Happenings in the Interventional Neurology Devices Market

In recent developments, Medtronic launched a new neurovascular device for the treatment of stroke, while Stryker Corporation acquired a leading neurovascular solutions provider.

These advancements indicate the growing innovation and investment in the interventional neurology devices market.