Brazil Neurovascular Devices Market Size & Outlook
Brazil neurovascular devices market, 2018-2030 (US$M)
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Brazil neurovascular devices market highlights
- The Brazil neurovascular devices market generated a revenue of USD 147.3 million in 2023 and is expected to reach USD 219.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, cerebral embolization and aneurysm coiling devices was the largest revenue generating device in 2023.
- Neurothrombectomy Devices is the most lucrative device segment registering the fastest growth during the forecast period.
Neurovascular devices market data book summary
| Market revenue in 2023 | USD 147.3 million |
| Market revenue in 2030 | USD 219.5 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Cerebral embolization and aneurysm coiling devices |
| Fastest growing segment | Neurothrombectomy Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
| Key market players worldwide | Medtronic PLC, Johnson & Johnson, Penumbra Inc, MicroPort Scientific Corp, Stryker Corp, Terumo Corp, Integra Lifesciences Holdings Corp |
Other key industry trends
- In terms of revenue, Brazil accounted for 4.9% of the global neurovascular devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Argentina neurovascular devices market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 219.5 million by 2030.
Cerebral embolization and aneurysm coiling devices was the largest segment with a revenue share of 35.23% in 2023. Horizon Databook has segmented the Brazil 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.
The Brazil neurovascular devices market is anticipated to witness moderate growth over the forecast period. The increasing incidence of acute ischemic stroke is a major factor boosting the market growth.
For instance, as per a report published by NCBI in 2018, in Brazil, acute ischemic stroke was the most prevalent form of stroke, and it caused around 61.80% of deaths in 2016.
In addition, growing awareness about the treatment of ischemic stroke is likely to boost the market growth. As per export.gov data, Brazil is the major medical equipment market in South America and is anticipated to recover from current retraction rapidly.
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Neurovascular Devices Market Scope
Neurovascular Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil neurovascular devices market size, by device, 2018-2030 (US$M)
Brazil Neurovascular Devices Market Outlook Share, 2023 & 2030 (US$M)
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