Global Neurovascular Stent Retriever
Technology Market: Snapshot
Ischemic
stroke is currently one of the leading causes of death or disability within the
western world. A report from the American Heart Association Statistics
Committee and Stroke Statistics Subcommittee had previously stated that nearly
795,000 patients were experiencing stroke every year, and the number is shown
to the be growing every year. One of the more effective treatments currently is
the use of tissue plasminogen activators in systemic thrombolysis. Stent
retrievers are a newer technology and form a part of mechanical thrombectomy.
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Stent retrievers are finding more and more value in the event of
an acute embolic stroke, for restoration of flow and in thrombectomies. A large
number of clinical tests and results are falling in favor of the more
innovative designs in the global neurovascular stent retriever technology
market and the ability of these technologies to swiftly and efficiently restore
flow. They can also successfully retrieve clots from major intracranial
arteries, ensuring a solid demand and growth rate for the global
neurovascular stent retriever technology market.
According
to WHO, there are 15 million people across the globe suffering from stroke each
year. The incidence of obesity and diabetes has increased over the years and is
responsible for the rising prevalence of strokes. Neurovascular stent retriever
technology finds application in medical equipment used for the treatment of
strokes. The American Heart Association and the American Stroke Association
recommend the use of neurovascular stent retrievers for the treatment of
strokes. This is driving the global neurovascular stent retriever technology
market.
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The global neurovascular stent retriever technology market is
expected to witness a significant growth in the coming years owing to their use
in the treatment of even the most serious cases of stroke with thromboembolic
occlusion. The report segments the global neurovascular stent retriever
technology market on the basis of technology, geography, and product. The major
technologies studied in the report are embolization and coiling,
neurothrombectomy, carotid artery angioplasty and stenting, and supporting
technologies. The segmentation of the market is done so as to enable a detailed
understanding of the performance of each segment of the global neurovascular
stent retriever technology market.
The report
is compiled through extensive primary research, including surveys, interviews,
and observations of expert analysts. Secondary research methods that make use
of trade journals, industry databases, and paid sources are also used. The
report includes details about the competitive landscape of the global
neurovascular stent retriever technology market and profiles key players
operating in the market.
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Overview of the Neurovascular Stent
Retriever Technology Market
Technological
innovations and advancements in neurovascular stent retriever technology are
driving the market. Advancements in neurovascular stent retriever technology
are encouraged by various governments, especially in developed countries. This
is because there has been a notable improvement in patients owing to the use of
neurovascular stent retrievers, thus gaining government support. Moreover, the
sedentary lifestyle and unhealthy eating habits of people worldwide are also
boosting the global neurovascular stent retriever technology market. However, a
dearth of skilled neurosurgeons, coupled with the high level of complexity
involved with neurological surgeries, is hampering the growth of the market.
The global
neurovascular stent retriever technology market is segmented on the basis of
product into snares, suction and aspiration devices, flow diversion devices,
embolic coils, clot retrievers, microcatheters, cerebral balloon angioplasty
and stenting systems, support devices, embolic protection systems, and carotid
artery stents.
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By
geography, North America leads in the global neurovascular stent retriever
technology market owing to the easy accessibility to advanced healthcare
options in the region. Favorable reimbursement policies and a strong presence
of neurovascular stent retriever device manufacturers in North America are
boosting the growth of the market in the region. Significant investments in
research and development activities are also helping the market’s growth.
Europe and Asia Pacific are the second and the third largest regional segments
in the market. The market in Asia Pacific is expected to grow in the coming
years due to the dynamic economies of India and China and the rising cases of
strokes in the region. The increasing ability of the consumers in the region to
afford advanced medical treatment methods is also behind the growth of the
region in the neurovascular stent retriever technology market.
Companies Mentioned in the Report
The report
profiles the key players operating in the global neurovascular stent retriever
technology market. The business and financial overviews of each of the
companies are given. The challenges faced by the companies and the strategies
adopted by them to stay at the forefront of the market are also given in the
report. By offering details such as a company’s recent developments and product
history, the report attempts to enlighten readers, helping them gain a
competitive edge. The key players in the market are: Stryker, Meril Life
Science Pvt .Ltd., Nitinol Devices & Components, Inc., Advent Devices Pvt.
Ltd, Medtronic Plc, Norman Noble, INC., Hobbs Medical IN, STI Laser Industries,
Ltd., and Akron Inc.
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