Neurovascular Stent Retrievers Market - Forecast(2021 - 2026)

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Neurovascular Stent Retrievers Market Overview

Neurovascular Stent Retrievers Market size is estimated at $562 million in 2020, projected to grow at a CAGR of 6.3% during the forecast period 2021-2026. During a stroke, neurovascular stent retrievers are used to restore blood flow. Ischemic stroke is the leading cause of disability and death around the world. Patients who have suffered severe nervous system injuries or strokes also need lifelong support, putting a strain on the patients, their families, and society. To develop therapies for neurological injury- Intracranial hemorrhage, new and paradigm-shifting techniques are needed. Mechanical thrombectomy includes aspiration, fragmentation and rheolytic. One of the most effective therapies for systemic thrombolysis is the use of tissue plasminogen activators, which is boosting the Neurovascular Stent Retrievers Industry's development. Complications and long-term injuries can be avoided with early diagnosis and care. Increase in the geriatric population, an increase in the occurrence of neurological and epidemic disorders, and the introduction of novel products for neurovascular stent retrievers is driving the Neurovascular Stent Retrievers industry. Systemic thrombolysis with tissue plasminogen activator was used to treat stroke effectively, but the efficacy of other therapies was limited in extreme stroke with thromboembolic occlusion. For mechanical thrombectomy in patients with acute embolic stroke, stent retrievers have recently been added. In the case of an acute embolic stroke, neurovascular stent retrievers are used for mechanical thrombectomy and blood flow restoration. The ability of neurovascular stent retrievers to quickly restore blood flow and efficiently remove clots or thrombus from deep intracranial arteries has made them well-known driving demand for Neurovascular Stent Retrievers Market. Furthermore, the market is expected to expand as disposable income rises and people become more conscious of diseases and preventive healthcare, thereby, driving the demand for Neurovascular Stent Retrievers Industry.

Neurovascular Stent Retrievers Market Report Coverage

The report: Neurovascular Stent Retrievers Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Neurovascular Stent Retrievers Market.

By Type: Balloon Expanding Stents and Self-Expanding Stents.
By Material: Metal - Stainless Steel, Nitinol and Polymer.
By End User: Hospitals/Clinics, Ambulatory Surgical Centres and Others.
By Geography: North America (U.S, Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina and Rest of South America) and RoW (Middle East and Africa).

Key Takeaways

  • The growing need for early and reliable diagnosis, as well as the increasing demand for better medical solutions around the globe, is expected to drive demand for Neurovascular Stent Retrievers.
  • Geographically, North America Neurovascular Stent Retrievers Market held the largest revenue share of 36% in 2020 owing to the involvement of potential players who are developing innovative products, high investments in R&D and support of government towards the use of medical equipment’s and investments in healthcare.
  • The Neurovascular Stent Retrievers Industry is being driven by the growing demand of surgical procedures, minimally invasive procedures, the aging population, and favourable reimbursement policies for technological advancements.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market is provided in the Neurovascular Stent Retrievers Market.

 Neurovascular Stent Retrievers Market: Market Share (%) by Region, 2020

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Neurovascular Stent Retrievers Market Segment Analysis - By Type

Based on Type, Neurovascular Stent Retrievers Market is segmented into Balloon Expanding Stents and Self-Expanding Stents. Balloon Expanding Stents accounted for the largest revenue market share in 2020. Balloon expandable stent is a flexible stent with a modular nature made of an advanced cobalt chromium alloy. Fusion patterns are created with the aim of achieving the best possible combination of strength and conformability. The use of cobalt chromium allows for immediate and secure MR imaging and Acute ischemic stroke. It is a smaller, more consistent cell size that conforms to the vessel wall. The balloon expandable stent device allows the stent to be safely advanced to the desired position via the peripheral vessels. Industry players are concentrating on R&D activities in order to introduce new products and novel technologies that can effectively treat diseases. Terumo, for instance, received FDA approval for the SOFIA catheter in June 2018, which is intended for distal navigation and efficient patient revascularization aids to Neurovascular Stent Retrievers Industry expansion. Automated Self-Expanding Stents segment is anticipated to grow with the fastest CAGR of 6.9% in the forecast period 2021-2026. For ease of delivery, self-expanding stents have become common, as has the invention of drug-eluting stents to minimize in-stent stenosis. Furthermore, advances in imaging technology have paved the way for the creation of patient-specific neurovascular care plans. In addition, the integration of imaging technology during neurovascular procedures has enabled improved treatments with the use of stents, which is expected to drive segment growth over the forecast period, which drives the Neurovascular Stent Retrievers Industry.

Neurovascular Stent Retrievers Market Segment Analysis – By End User

Based on End User, Neurovascular Stent Retrievers Market is segmented into Hospitals/Clinics, Ambulatory Surgical Centres and Others. Hospitals/Clinics accounted for the largest revenue market share in 2020. Hospitals have cutting-edge medical technology as well as minimally invasive treatments for a variety of diseases. The segment's development is supported by improvements in healthcare facilities and favorable payment plans for hospital procedures. The number of stent retriever’s procedures performed in hospitals is growing owing to increasing adoption of stent retrievers for acute ischemic stroke treatment and rising incidence of vascular diseases. According to the World Health Organization, 15 million people worldwide suffer from stroke each year. Obesity and diabetes have become more prevalent over time, leading to a rise in the number of strokes driving the segment growth. Ambulatory Surgical Centres segment is anticipated to grow with the fastest CAGR of 6.6% during the forecast period 2021-2026. ASCs have high-quality, cost-effective care, which encourages patients to choose these centres for surgical procedures. As a result, segment growth will be improved over the forecast period, thereby, expanding the Neurovascular Stent Retrievers Market.

Neurovascular Stent Retrievers Market Segment Analysis - By Geography

Based on Geography, North America Neurovascular Stent Retrievers Market accounted for the 36% revenue share in 2020 owing towards the growing prevalence of stenosis, aneurysms, ischemic stroke, and other neurovascular diseases that are driving regional neurovascular product sales. Access to cutting-edge medical treatments like Acute ischemic stroke, mechanical thrombectomy and products drives the regional growth. According to a study from the American Heart Association Statistics Committee and Stroke Statistics Subcommittee, almost 7,95,000 people have a stroke each year, and the figure continues to rise. The use of tissue plasminogen activators in systemic thrombolysis is currently one of the most successful therapies, enhancing the Neurovascular Stent Retrievers Industry growth. The country's aging population are the primary drivers of segment development. According to the United States Census Bureau, the population of people aged 65 and up increased by 1.6 million from 2016 to 2017 is accelerating Neurovascular Stent Retrievers Industry expansion across the region. Asia-Pacific is predicted to be the fastest growing region during the forecast period 2021- 2026 owing towards region's burgeoning medical tourism industry, rising chronic disease prevalence, and favourable reimbursement situation. The increased awareness of advanced and revolutionary neurovascular devices is credited with the region's development. The regional industry will expand faster owing to a large patient pool in densely populated Asian countries and growing healthcare expenditure.

Neurovascular Stent Retrievers Market Drivers

The Increasing Technological Advancements with Growing Research and Development Activities:

The market is being driven by technological advances and advancements in neurovascular stent retriever technology. Various governments, especially in developing countries, are encouraging advancements in neurovascular stent retriever technology. This is owing to the use of neurovascular stent retrievers has resulted in a substantial improvement in patients, resulting in government funding. For instance, Ceronovus, Johnson & Johnson's latest neurovascular company for successful stroke treatment, was launched in July 2017. The plan cantered on the production of new products for patients suffering from haemorrhagic and ischemic strokes, allowing the company to increase its client base and improve its market position. Furthermore, the global neurovascular stent retriever technology market is being boosted by people's sedentary lifestyles and unhealthy eating habits. Using advanced imaging modalities, major vendors in the market are partnering with academic and research institutes to support their on-going clinical initiatives and extend clinical applications of their current mechanical thrombectomy systems. The main factors driving demand for commercial products in research laboratories and academic institutes are growing public-private funding to support research activities in the field of Acute ischemic stroke, mechanical thrombectomy and increasing industry-academia partnerships to establish novel neurovascular stent retriever technologies, aiding growth towards the Neurovascular Stent Retrievers Market.

Neurovascular Stent Retrievers Market Challenges

Major Regulatory Concerns:

Regulatory concerns regarding usage of Ambulatory Healthcare Service Analysis and growing stringent government policy and regulation towards the quantity of service being used in application is restraining growth of the market. Also, operational uncertainties and data security concern are expected to hinder Neurovascular Stent Retrievers industry growth. Also, insufficient patient recognition resulting in delayed care for peripheral vascular diseases, and a scarcity of qualified and well-trained surgeons to conduct procedures restrains the market development.

Neurovascular Stent Retrievers Market Landscape:

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Neurovascular Stent Retrievers Market.  Neurovascular Stent Retrievers Market top 10 companies are Johnson & Johnson, LivaNova, Penumbra, Medtronic, Terumo, Boston Scientific Corporation, Integer, ASAHI INTECC, MicroPort Scientific and KANEKA MEDIX.

Acquisitions/Product Launches:

  • In August, 2019, Boston Scientific Corporation acquired BTG plc., a corporation that develops and commercializes products used in minimally-invasive procedures targeting cancer and vascular diseases, as well as specialty pharmaceuticals will drive the company's growth.

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1. Neurovascular Stent Retrievers Market - Overview
    1.1 Definitions and Scope
2. Neurovascular Stent Retrievers Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends
    2.2 Key trends by Type
    2.3 Key trends by End User
    2.4 Key trends by Geography
3. Neurovascular Stent Retrievers Market - Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis– Key Companies
    3.3 Market Share Analysis
    3.4 Patent Analysis
    3.5 Pricing Analysis- Average Selling Price
4. Neurovascular Stent Retrievers Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Neurovascular Stent Retrievers Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Case Studies of Successful Ventures
6. Neurovascular Stent Retrievers Market - Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Neurovascular Stent Retrievers Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Neurovascular Stent Retrievers Market – By Type (Market Size –$Million/$Billion)
    8.1 Balloon Expanding Stents
    8.2 Self-Expanding Stents
9. Neurovascular Stent Retrievers Market – By Material (Market Size –$Million/$Billion)
    9.1 Metal
        9.1.1 Stainless Steel
        9.1.2 Nitinol
    9.2 Polymer
10. Neurovascular Stent Retrievers Market – By End User (Market Size –$Million/$Billion)
    10.1 Hospitals/Clinics
    10.2 Ambulatory Surgical Centers
    10.3 Others
11. Neurovascular Stent Retrievers Market - By Geography (Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
    11.2.1 U.K.
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia-Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Neurovascular Stent Retrievers Market - Entropy
13. Neurovascular Stent Retrievers Market – Industry/Segment Competition Landscape Premium 
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Best Practices for Companies
14. Neurovascular Stent Retrievers Market – Key Company List by Country Premium Premium
15. Neurovascular Stent Retrievers Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global NEUROVASCULAR STENT RETRIEVERS MARKET, BY PRODUCT Market 2019-2024 ($M)
1.1 BALLOON EXPANDING STENTS Market 2019-2024 ($M) - Global Industry Research
1.2 SELF-EXPANDING STENTS Market 2019-2024 ($M) - Global Industry Research
2.Global NEUROVASCULAR STENT RETRIEVERS MARKET, BY MATERIAL Market 2019-2024 ($M)
2.1 POLYMER Market 2019-2024 ($M) - Global Industry Research
2.2 METAL Market 2019-2024 ($M) - Global Industry Research
2.2.1 STAINLESS STEEL Market 2019-2024 ($M)
2.2.2 NITINOL Market 2019-2024 ($M)
3.Global NEUROVASCULAR STENT RETRIEVERS MARKET, BY END USE Market 2019-2024 ($M)
3.1 HOSPITALS Market 2019-2024 ($M) - Global Industry Research
3.2 AMBULATORY SURGICAL CENTERS Market 2019-2024 ($M) - Global Industry Research
4.Global NEUROVASCULAR STENT RETRIEVERS MARKET, BY PRODUCT Market 2019-2024 (Volume/Units)
4.1 BALLOON EXPANDING STENTS Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 SELF-EXPANDING STENTS Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global NEUROVASCULAR STENT RETRIEVERS MARKET, BY MATERIAL Market 2019-2024 (Volume/Units)
5.1 POLYMER Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 METAL Market 2019-2024 (Volume/Units) - Global Industry Research
5.2.1 STAINLESS STEEL Market 2019-2024 (Volume/Units)
5.2.2 NITINOL Market 2019-2024 (Volume/Units)
6.Global NEUROVASCULAR STENT RETRIEVERS MARKET, BY END USE Market 2019-2024 (Volume/Units)
6.1 HOSPITALS Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 AMBULATORY SURGICAL CENTERS Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America NEUROVASCULAR STENT RETRIEVERS MARKET, BY PRODUCT Market 2019-2024 ($M)
7.1 BALLOON EXPANDING STENTS Market 2019-2024 ($M) - Regional Industry Research
7.2 SELF-EXPANDING STENTS Market 2019-2024 ($M) - Regional Industry Research
8.North America NEUROVASCULAR STENT RETRIEVERS MARKET, BY MATERIAL Market 2019-2024 ($M)
8.1 POLYMER Market 2019-2024 ($M) - Regional Industry Research
8.2 METAL Market 2019-2024 ($M) - Regional Industry Research
8.2.1 STAINLESS STEEL Market 2019-2024 ($M)
8.2.2 NITINOL Market 2019-2024 ($M)
9.North America NEUROVASCULAR STENT RETRIEVERS MARKET, BY END USE Market 2019-2024 ($M)
9.1 HOSPITALS Market 2019-2024 ($M) - Regional Industry Research
9.2 AMBULATORY SURGICAL CENTERS Market 2019-2024 ($M) - Regional Industry Research
10.South America NEUROVASCULAR STENT RETRIEVERS MARKET, BY PRODUCT Market 2019-2024 ($M)
10.1 BALLOON EXPANDING STENTS Market 2019-2024 ($M) - Regional Industry Research
10.2 SELF-EXPANDING STENTS Market 2019-2024 ($M) - Regional Industry Research
11.South America NEUROVASCULAR STENT RETRIEVERS MARKET, BY MATERIAL Market 2019-2024 ($M)
11.1 POLYMER Market 2019-2024 ($M) - Regional Industry Research
11.2 METAL Market 2019-2024 ($M) - Regional Industry Research
11.2.1 STAINLESS STEEL Market 2019-2024 ($M)
11.2.2 NITINOL Market 2019-2024 ($M)
12.South America NEUROVASCULAR STENT RETRIEVERS MARKET, BY END USE Market 2019-2024 ($M)
12.1 HOSPITALS Market 2019-2024 ($M) - Regional Industry Research
12.2 AMBULATORY SURGICAL CENTERS Market 2019-2024 ($M) - Regional Industry Research
13.Europe NEUROVASCULAR STENT RETRIEVERS MARKET, BY PRODUCT Market 2019-2024 ($M)
13.1 BALLOON EXPANDING STENTS Market 2019-2024 ($M) - Regional Industry Research
13.2 SELF-EXPANDING STENTS Market 2019-2024 ($M) - Regional Industry Research
14.Europe NEUROVASCULAR STENT RETRIEVERS MARKET, BY MATERIAL Market 2019-2024 ($M)
14.1 POLYMER Market 2019-2024 ($M) - Regional Industry Research
14.2 METAL Market 2019-2024 ($M) - Regional Industry Research
14.2.1 STAINLESS STEEL Market 2019-2024 ($M)
14.2.2 NITINOL Market 2019-2024 ($M)
15.Europe NEUROVASCULAR STENT RETRIEVERS MARKET, BY END USE Market 2019-2024 ($M)
15.1 HOSPITALS Market 2019-2024 ($M) - Regional Industry Research
15.2 AMBULATORY SURGICAL CENTERS Market 2019-2024 ($M) - Regional Industry Research
16.APAC NEUROVASCULAR STENT RETRIEVERS MARKET, BY PRODUCT Market 2019-2024 ($M)
16.1 BALLOON EXPANDING STENTS Market 2019-2024 ($M) - Regional Industry Research
16.2 SELF-EXPANDING STENTS Market 2019-2024 ($M) - Regional Industry Research
17.APAC NEUROVASCULAR STENT RETRIEVERS MARKET, BY MATERIAL Market 2019-2024 ($M)
17.1 POLYMER Market 2019-2024 ($M) - Regional Industry Research
17.2 METAL Market 2019-2024 ($M) - Regional Industry Research
17.2.1 STAINLESS STEEL Market 2019-2024 ($M)
17.2.2 NITINOL Market 2019-2024 ($M)
18.APAC NEUROVASCULAR STENT RETRIEVERS MARKET, BY END USE Market 2019-2024 ($M)
18.1 HOSPITALS Market 2019-2024 ($M) - Regional Industry Research
18.2 AMBULATORY SURGICAL CENTERS Market 2019-2024 ($M) - Regional Industry Research
19.MENA NEUROVASCULAR STENT RETRIEVERS MARKET, BY PRODUCT Market 2019-2024 ($M)
19.1 BALLOON EXPANDING STENTS Market 2019-2024 ($M) - Regional Industry Research
19.2 SELF-EXPANDING STENTS Market 2019-2024 ($M) - Regional Industry Research
20.MENA NEUROVASCULAR STENT RETRIEVERS MARKET, BY MATERIAL Market 2019-2024 ($M)
20.1 POLYMER Market 2019-2024 ($M) - Regional Industry Research
20.2 METAL Market 2019-2024 ($M) - Regional Industry Research
20.2.1 STAINLESS STEEL Market 2019-2024 ($M)
20.2.2 NITINOL Market 2019-2024 ($M)
21.MENA NEUROVASCULAR STENT RETRIEVERS MARKET, BY END USE Market 2019-2024 ($M)
21.1 HOSPITALS Market 2019-2024 ($M) - Regional Industry Research
21.2 AMBULATORY SURGICAL CENTERS Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
2.Canada Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
3.Mexico Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
4.Brazil Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
5.Argentina Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
6.Peru Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
7.Colombia Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
8.Chile Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
9.Rest of South America Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
10.UK Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
11.Germany Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
12.France Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
13.Italy Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
14.Spain Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
15.Rest of Europe Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
16.China Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
17.India Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
18.Japan Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
19.South Korea Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
20.South Africa Neurovascular Stent Retrievers Market Revenue, 2019-2024 ($M)
21.North America Neurovascular Stent Retrievers By Application
22.South America Neurovascular Stent Retrievers By Application
23.Europe Neurovascular Stent Retrievers By Application
24.APAC Neurovascular Stent Retrievers By Application
25.MENA Neurovascular Stent Retrievers By Application
26.MEDTRONIC PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.STRYKER, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.NORMAN NOBLE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.STI LASER INDUSTRIES, LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.HOBBS MEDICAL IN, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.AKRON INC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.ADVENT DEVICES PVT. LTD, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.MERIL LIFE SCIENCE PVT .LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.W. L. GORE ASSOCIATES, INC., Sales /Revenue, 2015-2018 ($Mn/$Bn)