The “Interventional Neurology Devices Market“ Report provides comprehensive information on the top of market owners, their annual transactions, the stability of their actions and the strategies used to attract the activity. Interventional Neurology Devices Market report also highlights some of the rules and regulations that have been established by the governing bodies of some countries that can stimulate and restrict commercial activities in certain parts of the world. The information includes the company profile, annual turnover, the types of products and services they provide, income generation, which provide direction to businesses to take important steps.
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Interventional Neurology Devices Market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The global interventional neurology devices market is expected to register a CAGR of 7.5% during the forecast period, (2018 -2023). The Asia-Pacific is anticipated to grow significantly during the forecast period, owing to rising incidence of neurological diseases and less stringent regulatory scenario.
Increasing Incidence of Neurological Disorders
According to a study published in the April 2017, in the Journal of the Annals of Neurology, the most common neurological diseases cost USD 789 billion, in 2014, in the United States, and is expected to grow in the future, due to the rising elderly populations. According to data from the National Center for Health Statistics of the Centers for Disease Control and Prevention (CDC), 84,767 people died from Alzheimerâs disease in 2013. Approximately 50 million people worldwide have epilepsy, making it one of the most common neurological diseases. Globally, an estimated 2.4 million people are diagnosed with epilepsy each year. The increasing incidences of neurological disorders is driving the market. Additionally, the increasing demand for minimally invasive treatment, increasing R&D investment for neurotherapies from key players, and rising elderly population is likely to drive the market growth for interventional neurology devices, globally.
Stringent Regulatory Guidelines
Food and Drug Administration (FDA) strictly regulates the approval of medical devices depending on their class. There is relatively few class I neurological devices. Majority of the neurological devices are classified under Class II and Class III. Some of the Class I devices include ventricular needles and anvils used to form skull plates. Class II devices include neurostimulators, aneurysm clips, and blood clot retrievers. Examples of Class III devices are deep brain stimulators and medical devices for the treatment of brain tumors. Approval of class III medical devices is complicated and requires clinical trials. The time taken for the trials can 36 months or more, depending on the extent of clinical trials and additional information that FDA might request. European Union has recently taken steps to strengthen its regulatory approval process significantly, and this is expected to delay approvals in Europe. The delay in regulatory approvals and high cost of interventional devices are the major challenges faced by the companies involved in the manufacture of neurological devices.
North America to Dominate the Market
North America is expected to hold the largest share of neurovascular devices market during the forecast period. The factors, such as significant adoption of neurovascular devices among neurosurgeons, favorable reimbursement scenario, the presence of established key players in the region, and huge investment in R&D are driving the growth of the North American interventional neurology market.
Key Developments in the Market
â¢ January 2018: Medtronic received US FDA clearance for Riptide aspiration system intended for use in the revascularization of patients with acute ischaemic stroke secondary to large intracranial vessel occlusive disease
â¢ July 2017: Johnson & Johnson Medical Devices Companies recently introduced CERENOVUS, its new neurovascular business.
Major Players: ABBOTT, B. BRAUN MELSUNGEN AG, PENUMBRA, INC., BOSTON SCIENTIFIC CORPORATION, JOHNSON & JOHNSON, MEDTRONIC, INC., MERIT MEDICAL SYSTEMS., STRYKER CORPORATION, TERUMO CORPORATION AND WL GORE & ASSOCIATES., amongst others.
Reasons to Purchase the Report
â¢ Current and future global interventional neurology devices market outlook, in the developed and emerging markets
â¢ Analysis of various perspectives of the market with the help of Porterâs five forces analysis
â¢ The segment that is expected to dominate the market
â¢ Regions that are expected to witness the fastest growth during the forecast period
â¢ Identify the latest developments, market shares, and strategies employed by the major market players
â¢ 3 months analyst support, along with the Market Estimate sheet (in Excel)
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Interventional Neurology Devices Market Analyse according to leading players, Competitive landscape, geographical regions, top manufacturers, types, and applications forecast over a period of 2019 to 2024. Geographically, this report is divided into many key Regions, with production, consumption, revenue (million USD), market share and rate of Interventional Neurology Devices Market 2019 in these regions, from 2018 to 2024 (forecast), covering: North America, China, Europe, Japan, Southeast Asia, India.
The Objectives of this report are:
- To define, describe, and analyze the Interventional Neurology Devices market on the basis of product type, application, and region
- To forecast and analyze the size of the Interventional Neurology Devices market (in terms of value) in six key regions, namely, Asia Pacific, Western Europe, Central & Eastern Europe, North America, the Middle East & Africa, and South America
- To forecast and analyze the Interventional Neurology Devices market at country-level in each region
- To strategically analyze each submarket with respect to individual growth trends and its contribution to the Interventional Neurology Devices market
- To analyze opportunities in the Interventional Neurology Devices market for stakeholders by identifying high-growth segments of the market
Key Questions Answered in Interventional Neurology Devices market report:
- What will the market size be in 2024 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Interventional Neurology Devices Market Report Provides Comprehensive Analysis as Following:
Market segments and sub-segments
Market size & shares
Market trends and dynamics
Market Drivers and Opportunities
Market Analysis and Segmentation
Supply and demand
Technological inventions in Interventional Neurology Devices trade
Marketing Channel Development Trend
Interventional Neurology Devices Market Positioning
Distributors/Traders List enclosed in Positioning Interventional Neurology Devices Market
Interventional Neurology Devices Market report provides you a visible, one-stop breakdown of the leading product, submarkets and market leaders revenue forecasts till 2024. In conclusion, Interventional Neurology Devices Market 2019 report presents the descriptive analysis of the Interventional Neurology Devices Market Major Key-players, Types, Application and Forecast Period knowledge which is able to function a profitable guide for all the Interventional Neurology Devices Market competitors.
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