Global Neurovascular Devices Market Size & Outlook
Global neurovascular devices market, 2018-2030 (US$M)
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Global neurovascular devices market highlights
- The global neurovascular devices market generated a revenue of USD 3,014.0 million in 2023 and is expected to reach USD 4,533.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6% by 2030.
- In terms of segment, cerebral embolization and aneurysm coiling devices accounted for a revenue of USD 1,053.7 million in 2023.
- Neurothrombectomy Devices is the most lucrative device segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,014.0 million |
| Market revenue in 2030 | USD 4,533.8 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Cerebral embolization and aneurysm coiling devices |
| Fastest growing segment | Neurothrombectomy Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cerebral Embolization and aneurysm Coiling devices, Cerebral Angioplasty and Stenting Systems, Neurothrombectomy Devices, Support Devices, Trans Radial Access Devices |
Other key industry trends
- In terms of revenue, the North America accounted for 26.2% of the global neurovascular devices market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 39.2 million by 2030.
Cerebral embolization and aneurysm coiling devices was the largest segment with a revenue share of 34.96% in 2023. Horizon Databook has segmented the Global neurovascular devices market based on cerebral embolization and aneurysm coiling devices, cerebral angioplasty and stenting systems, neurothrombectomy devices, support devices, trans radial access devices covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing incidence of brain aneurysm globally is expected to impact the market growth positively in the forecast period. Brain aneurysm is also termed as intracranial or cerebral aneurysm, which is a bulge or ballooning in a blood vessel inside the brain. This aneurysm can rupture and cause bleeding in the adjacent subarachnoid space, thereby leading to a stroke or brain hemorrhage.
Neurovascular devices are mainly used to treat untreatable intracranial aneurysms and is placed in the parent artery, in order to divert blood flow. In addition, presence of large geriatric patient base is anticipated to be one of the key success factors for the market growth during the forecast period.
For instance, as per the Cleveland Clinic, up to 6% of people in the U.S. have an aneurysm in their brain with no bleeding (a condition of an unruptured aneurysm). In addition, approximately 10% to 30% of people who have a brain aneurysm deal with multiple aneurysms.
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Neurovascular Devices Market Scope
Neurovascular Devices Market Companies
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Global neurovascular devices market size, by regions, 2018-2030 (US$M)
Top 10 countries: Neurovascular devices market size, 2023 (US$M)
Global neurovascular devices market share, by device, 2023 & 2030 (%, US$M)
Neurovascular devices market: Opportunity assessment by country
Global neurovascular devices market, by region, 2023 (US$M)
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