Neurovascular Devices Market Size Is Estimated To Reach $2.92 Billion By 2024: Grand View Research, Inc.
The global neurovascular device market was valued at USD 1.62 billion in the year 2015 and is expected to reach a value of USD 2.92 billion by 2024, growing at a CAGR of 6.5% according to a new report by Grand View Research, Inc. Key factors driving the market growth include increase in patients suffering from cerebral vascular disorders mandating assistance of neurovascular devices such as cerebral embolization and aneurysm coils, implementation of advanced technological platforms in this field, and the favorable reimbursement policies across established markets such as the U.S., Canada, U.K., Germany, and Japan. Neurovascular devices market, by device type, 2013 - 2024 (USD Million) The market is segmented on the basis of device type and respective therapeutic applications. The embolization coils are widely employed in the treatments of strokes and cerebral aneurysms. They are responsible for majority of market share in the device type segment. According to...