Spain Neurovascular Devices Market Size & Outlook
Spain neurovascular devices market, 2018-2030 (US$M)
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Spain neurovascular devices market highlights
- The Spain neurovascular devices market generated a revenue of USD 56.1 million in 2023 and is expected to reach USD 79.5 million by 2030.
- The Spain market is expected to grow at a CAGR of 5.1% 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 56.1 million |
| Market revenue in 2030 | USD 79.5 million |
| Growth rate | 5.1% (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, Spain accounted for 1.9% 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 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 34.94% in 2023. Horizon Databook has segmented the Spain 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.
High incidence of acute ischemic stroke and increasing awareness about the treatment of stroke in Spain are among major factors driving the neurovascular devices market. For instance, as per a report published by Barcelona Institute for Global Health in 2018, around 14.6% of deaths in Spain were caused by acute ischemic stroke.
In addition, favorable healthcare system in Spain may encourage many new players to enter the market, thereby propelling the market growth.
According to WHO, as compared with other OECD European countries, Spanish healthcare system is well advanced and ensures adoption of innovative technologies.
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Neurovascular Devices Market Scope
Neurovascular Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain neurovascular devices market size, by device, 2018-2030 (US$M)
Spain Neurovascular Devices Market Outlook Share, 2023 & 2030 (US$M)
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