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Asia Pacific Neurovascular Devices/Interventional Neurology Market Research Report – Segmented By Technology, Product, End-users and Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Size, Share, Growth, Trends and Forecast (2022 to 2027)

Published: January, 2022
ID: 1631
Pages: 132
Formats: report pdf report excel report power bi report ppt

APAC Interventional Neurology Market Size (2022 to 2027)

The Asia-Pacific Interventional Neurology Market was worth USD 450.04 million in 2022 and is estimated to reach USD 724.13 million by the end of 2027 with a growing potential of 9.98%. The Asia-Pacific Interventional Neurology market is expected to show the highest CAGR over the forecast period. It is due to increasing awareness among the neurologists related to the benefits of interventional neurology devices and decreasing the prices of neurovascular devices in the Asia-Pacific.

Easy access to recent technologies, growing discretionary expenses, and increasing neurovascular devices' adoption amidst the neurosurgeons are expected to propel the market in the Asia Pacific region. High-stress levels in youth and increasing head injuries due to road accidents are further expected to favor market growth.

In 2018, the Indian government had spent around USD 1.14 Billion to increase the awareness of the CNS diseases in public considering the increasing number of neurological disease cases in the country, As per the Indian Brand Equity Foundation. Furthermore, according to the World Health Organization, neurological disorder accounts for 6.3% of the disease burden worldwide. This rising disease prevalence is also estimated to provide a boost to the market growth.

The shortage of skilled and experienced professionals is estimated to hamper market growth to a small extent. Notably, Japan is facing a scarcity of neurosurgeons for the last five years. Strict regulatory policies by the U.S. FDA for interventional neurology devices' approval is a key factor restraining the market.

This market research report on the Asia Pacific Neurovascular Devices/Interventional Neurology Market has been segmented and sub-segmented into the following categories:

  • By Technology: Embolization and Coiling, Balloon Angioplasty, Carotid Stenting, Neurothrombectomy, and Micro Support Devices
  • By Product: Carotid Stent, Microcatheter, Flow Diversion, Microguidewires, Suction Device, Stenting Systems, and Clot Retrieval
  • By End User: Hospitals, Ambulatory Centers and Neurology Clinics
  • By Country: India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore, and Rest of APAC

Regional Analysis:

The Asia-Pacific market is expected to grow at the fastest growth rate across all the regions as it has a giant patient pool, a massive number of people suffering from neurovascular disorders that affect the human brain and damage. 

In this region, Japan was accounted for the largest share in 2019 and is expected to dominate the market during the forecast period due to low technology manufacturing costs and key players' availability. 

China and India are expected to grow rapidly from 2020 to 2025. In countries like China and India, the market is driven by factors like quick and speedy healthcare infrastructure developments, huge investments made by the key players in the neurology devices, and growing healthcare expenditures. 

Some of the major players in the Asia-Pacific Interventional Neurology Market are Stryker Corporation, Merit Medical Systems Inc., Medtronic plc, Terumo Corporation, Johnson & Johnson, Microport Scientific Corporation, Penumbra Inc., Abbott Laboratories, W. L. Gore & Associates Inc., and Medikit Co., Ltd.

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