The neurovascular coiling assist devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 2,569.83 million by 2028 and will grow at a CAGR of 4.87% in the above mentioned forecast period.
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Neurovascular coiling assist devices are generally used during coiling procedures to hold the coils placed within the aneurysm. Neurovascular stent-assisted coiling helps in the treatment of intracranial, saccular and wide-neck brain aneurysms. These devices are engaged to enhance embolization coil treatment of the abnormalities in blood vessels in the brain, counting arteriovenous malformations (AVMs) and brain aneurysms.
The rise in prevalence of hemorrhages in the population is amongst the important factor expected to intensify the growth and demand of neurovascular coiling assist devices market. In addition, the rise in usage of coil embolization for the treatment of aneurysms and favorable medical reimbursements are also expected contributes to the growth in the global market over the forecast period of 2021 to 2028. Also the increase in prevalence of cardiovascular diseases and rise in patient pool are also likely to enhance the growth of the market. Furthermore, the huge expansion of healthcare infrastructure across emerging markets and attendance of healthcare facilities are also one of the significant factors expected to fuel the growth of the neurovascular coiling assist devices market.
North America region leads the neurovascular coiling assist devices market owing to the strong presence of major market players, rise in investments on research and development and rapid surge in prevalence of hemorrhages. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the increase in the prevalence of cardiovascular diseases and rise in patient pool.
The major players covered in the neurovascular coiling assist devices market report are Medtronic, Stryker, Terumo Corporation, Johnson & Johnson Services, Inc., Acandis GmbH, Boston Scientific Corporation, Penumbra, Inc., MicroPort Scientific Corporation, Merit Medical Systems, Inc., Merit Medical Systems and Abbott among other domestic and global players.
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