India Neurovascular Devices Market Size & Outlook
India neurovascular devices market, 2018-2030 (US$M)
Related Markets
India neurovascular devices market highlights
- The India neurovascular devices market generated a revenue of USD 77.3 million in 2023 and is expected to reach USD 131.9 million by 2030.
- The India market is expected to grow at a CAGR of 7.9% 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 77.3 million |
| Market revenue in 2030 | USD 131.9 million |
| Growth rate | 7.9% (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, India accounted for 2.6% 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 Asia Pacific, Japan neurovascular devices market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 212.2 million by 2030.
Cerebral embolization and aneurysm coiling devices was the largest segment with a revenue share of 34.8% in 2023. Horizon Databook has segmented the India 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 initiatives regarding treatment of acute ischemic stroke and presence of several local players in the market are some of the major factors contributing to the market growth.
For instance, Indian Stroke Association and Bangalore Neurological Society organized the Indian National Stroke Conference from 20th March 2020 to 22nd March 2020 in Bangalore, India, with an aim to create awareness regarding the treatment of acute ischemic stroke.
Such initiatives are expected to positively impact the market. However, low adoption of technologically advanced products and stagnant healthcare expenditure in the country are expected to restrict entry of many new & key players into the market, thereby restraining market growth over the forecast period.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Neurovascular Devices Market Scope
Neurovascular Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India neurovascular devices market size, by device, 2018-2030 (US$M)
India Neurovascular Devices Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
