Global Neurovascular Devices Market Size, Share, Growth, Trends And Forecast 202
The Neurovascular Devices Market was valued at $2.08Million in 2018 and is forecast to grow at a modest5.5 % CAGR between2018 and 2025, culminating in 2026 global sales of $3.8Billion.
Neurovascular devices help in the treatment of several neurovascular disorders like intracranial atherosclerotic and cerebral aneurysm disease. The upsurge in the geriatric population and increase in a number of patients suffering from neurovascular disorders are anticipated to drive the market growth.
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The Asia Pacific and North America accounted for the maximum revenue share of over xx% in 2018 due to increased demand of Global Neurovascular Device followed by EU- Top 5 countries contribute $X.6 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The rapid growth strokes and the availability of Global Neurovascular Devices materials option create an impact in developing countries for the demand for better health care device. China market will spectator health market growth at 4.9% CAGR during the forecast period. The growing burden of the aging population in China, that enhance the risk of stroke, aneurysm, and stenosis, drive the demand for neurovascular devices. According to Population and Migration data, the geriatric population in China is estimated to reach 2,387,792 by 2026. Furthermore, increasing R&D activities on neurovascular devices can support Chinese neurovascular devices market growth in the coming years. North America accounted for the largest market share of the total market in 2018. According to BAF(Brain Aneurysm Foundation), there are 6 million Americans suffer from an unruptured brain aneurysm. So, sophisticated healthcare infrastructure and advanced technology will propel the U.S. market over the forecast period.
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