Italy Neurovascular Devices Market Size & Outlook
Italy neurovascular devices market, 2018-2030 (US$M)
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Italy neurovascular devices market highlights
- The Italy neurovascular devices market generated a revenue of USD 111.4 million in 2023 and is expected to reach USD 159.1 million by 2030.
- The Italy market is expected to grow at a CAGR of 5.2% 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 111.4 million |
| Market revenue in 2030 | USD 159.1 million |
| Growth rate | 5.2% (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, Italy accounted for 3.7% 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 34.83% in 2023. Horizon Databook has segmented the Italy 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.
Italy neurovascular devices market is anticipated to witness moderate growth over the forecast period. Increase in the incidence of acute ischemic stroke and rise in awareness about the treatment of stroke are major factors contributing to the market growth.
For instance, as per a report published by the Burden of Stroke in Europe in 2015, the incidence of acute ischemic stroke from 2015 to 2035 is estimated to increase by around 32.00%.
Furthermore, rising adoption of sedentary lifestyle in the country is expected to boost the number of acute ischemic stroke cases. However, low adoption of technologically advanced products and presence of few key players in the country may hinder the market growth over the forecast period.
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Neurovascular Devices Market Scope
Neurovascular Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy neurovascular devices market size, by device, 2018-2030 (US$M)
Italy Neurovascular Devices Market Outlook Share, 2023 & 2030 (US$M)
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