UK Neurovascular Devices Market Size & Outlook, 2023-2030
UK neurovascular devices market, 2018-2030 (US$M)
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UK neurovascular devices market highlights
- The UK neurovascular devices market generated a revenue of USD 90.4 million in 2023 and is expected to reach USD 136.6 million by 2030.
- The UK 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 90.4 million |
| Market revenue in 2030 | USD 136.6 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, UK accounted for 3.0% 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 UK 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 UK neurovascular devices market is anticipated to witness a considerable growth rate over the forecast period. Increasing awareness regarding the treatment of acute ischemic stroke and presence of several major players in the market are among the major factors contributing to the market growth.
For instance, Public Health England (PHE) launched Act FAST stroke campaign in February 2018 to raise awareness regarding appropriate steps that are required to be taken during the treatment of stroke.
In addition, several initiatives related to treatment of acute ischemic stroke in the UK are expected to boost market growth. According to National Institute for Health and Care Excellence (NICE) impact stroke report, every year, more than 100,000 people suffer a stroke and 38,000 people die every year due to stroke.
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Neurovascular Devices Market Scope
Neurovascular Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK neurovascular devices market size, by device, 2018-2030 (US$M)
UK Neurovascular Devices Market Outlook Share, 2023 & 2030 (US$M)
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