Germany Neurovascular Devices Market Size & Outlook
Germany neurovascular devices market, 2018-2030 (US$M)
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Germany neurovascular devices market highlights
- The Germany neurovascular devices market generated a revenue of USD 134.3 million in 2023 and is expected to reach USD 203.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, cerebral embolization and aneurysm coiling devices was the largest revenue generating device in 2023.
- Support 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 134.3 million |
| Market revenue in 2030 | USD 203.4 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Cerebral embolization and aneurysm coiling devices |
| Fastest growing segment | Support 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, Germany accounted for 4.5% 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 Europe, Germany neurovascular devices market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 203.4 million by 2030.
Cerebral embolization and aneurysm coiling devices was the largest segment with a revenue share of 34.85% in 2023. Horizon Databook has segmented the Germany 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.
Increase in the prevalence of acute ischemic stroke, leading to a higher number of mechanical thrombectomy procedures, and high adoption of technologically advanced products are among major factors driving the growth of Germany neurovascular devices market over the forecast period. For instance, as per an article published by BioMed Central Ltd.
In 2019, the rate of mechanical thrombectomy procedures increased from 0.8% to 4.7% from 2010 to 2016. It also reported that the rate of intravenous thrombolysis increased from 8.9% to 14.9% from 2010 to 2016.
As intravenous thrombolysis and mechanical thrombectomy are major causes of acute ischemic stroke, increasing prevalence of these conditions is expected to boost the demand for neurovascular devices, which is anticipated to drive the market.
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Neurovascular Devices Market Scope
Neurovascular Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany neurovascular devices market size, by device, 2018-2030 (US$M)
Germany Neurovascular Devices Market Outlook Share, 2023 & 2030 (US$M)
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