Global Neurovascular Stent Retriever Technology Market: Snapshot
Ischemic stroke is currently one of the leading causes of death or disability within the western world. A report from the American Heart Association Statistics Committee and Stroke Statistics Subcommittee had previously stated that nearly 795,000 patients were experiencing stroke every year, and the number is shown to the be growing every year. One of the more effective treatments currently is the use of tissue plasminogen activators in systemic thrombolysis. Stent retrievers are a newer technology and form a part of mechanical thrombectomy.
Stent retrievers are finding more and more value in the event of an acute embolic stroke, for restoration of flow and in thrombectomies. A large number of clinical tests and results are falling in favor of the more innovative designs in the global neurovascular stent retriever technology market and the ability of these technologies to swiftly and efficiently restore flow. They can also successfully retrieve clots from major intracranial arteries, ensuring a solid demand and growth rate for the global neurovascular stent retriever technology market.
According to WHO, there are 15 million people across the globe suffering from stroke each year. The incidence of obesity and diabetes has increased over the years and is responsible for the rising prevalence of strokes. Neurovascular stent retriever technology finds application in medical equipment used for the treatment of strokes. The American Heart Association and the American Stroke Association recommend the use of neurovascular stent retrievers for the treatment of strokes. This is driving the global neurovascular stent retriever technology market.
The global neurovascular stent retriever technology market is expected to witness a significant growth in the coming years owing to their use in the treatment of even the most serious cases of stroke with thromboembolic occlusion. The report segments the global neurovascular stent retriever technology market on the basis of technology, geography, and product. The major technologies studied in the report are embolization and coiling, neurothrombectomy, carotid artery angioplasty and stenting, and supporting technologies. The segmentation of the market is done so as to enable a detailed understanding of the performance of each segment of the global neurovascular stent retriever technology market.
The report is compiled through extensive primary research, including surveys, interviews, and observations of expert analysts. Secondary research methods that make use of trade journals, industry databases, and paid sources are also used. The report includes details about the competitive landscape of the global neurovascular stent retriever technology market and profiles key players operating in the market.
Overview of the Neurovascular Stent Retriever Technology Market
Technological innovations and advancements in neurovascular stent retriever technology are driving the market. Advancements in neurovascular stent retriever technology are encouraged by various governments, especially in developed countries. This is because there has been a notable improvement in patients owing to the use of neurovascular stent retrievers, thus gaining government support. Moreover, the sedentary lifestyle and unhealthy eating habits of people worldwide are also boosting the global neurovascular stent retriever technology market. However, a dearth of skilled neurosurgeons, coupled with the high level of complexity involved with neurological surgeries, is hampering the growth of the market.
The global neurovascular stent retriever technology market is segmented on the basis of product into snares, suction and aspiration devices, flow diversion devices, embolic coils, clot retrievers, microcatheters, cerebral balloon angioplasty and stenting systems, support devices, embolic protection systems, and carotid artery stents.
By geography, North America leads in the global neurovascular stent retriever technology market owing to the easy accessibility to advanced healthcare options in the region. Favorable reimbursement policies and a strong presence of neurovascular stent retriever device manufacturers in North America are boosting the growth of the market in the region. Significant investments in research and development activities are also helping the market’s growth. Europe and Asia Pacific are the second and the third largest regional segments in the market. The market in Asia Pacific is expected to grow in the coming years due to the dynamic economies of India and China and the rising cases of strokes in the region. The increasing ability of the consumers in the region to afford advanced medical treatment methods is also behind the growth of the region in the neurovascular stent retriever technology market.
Companies Mentioned in the Report
The report profiles the key players operating in the global neurovascular stent retriever technology market. The business and financial overviews of each of the companies are given. The challenges faced by the companies and the strategies adopted by them to stay at the forefront of the market are also given in the report. By offering details such as a company’s recent developments and product history, the report attempts to enlighten readers, helping them gain a competitive edge. The key players in the market are: Stryker, Meril Life Science Pvt .Ltd., Nitinol Devices & Components, Inc., Advent Devices Pvt. Ltd, Medtronic Plc, Norman Noble, INC., Hobbs Medical IN, STI Laser Industries, Ltd., and Akron Inc.