Neurovascular Devices Market Size, Share, Growth Analysis, By Disease Pathology(Cerebral Aneurysm, Arteriovenous Malformation And Fistulas, Ischemic Stroke, Carotid Artery Stenosis), By End Use(Hospitals and Surgical Centers, Ambulatory Care Centers, Research Laboratories and Academic Institutes), By Region - Industry Forecast 2024-2031

Drivers 

Rising Incidence of Neurovascular Disorders 

• Poor lifestyle choices and growing adoption of unhealthy habits have significantly increased the number of people suffering from neurovascular diseases. This surge in incidence of neurovascular issues such as strokes and cerebral aneurysms around the world is a key factor promoting neurovascular device demand. 

Growing Senescent Population Base 

• The aging population of the world is increasing rapidly with highest number of geriatric people coming from Japan, United States, and Italy. Senior citizens are more at risk of neurovascular disorders which is why increase in their population translates to high neurovascular devices demand.    

Restraints 

Limited Accessibility 

• Neurovascular devices are extremely advanced and use novel medical technologies, which is why their costs are high. These high costs may not be an issue for developed countries but healthcare institutions in developing countries have limited budgets, which could limit their accessibility to these devices.  

Risk of Failure or Complications 

• Despite medical technologies being advanced there is a risk of patient developing complications while using neurovascular devices. Also, there is a risk of these devices failing completely. These complications and risks are expected to dent the sales of neurovascular devices in the future.