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Neuroendovascular Non-coils Market 2016-2020

  • Published: Oct 2016
  • Pages: 98
  • SKU: IRTNTR10399
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This market research report identifies DePuy Synthes, Medtronic, MicroVention, and Stryker as some of the leading vendors in the global neuroendovascular non-coils market. A comprehensive analysis of this market is also presented by product type (neurovascular stents, access devices, flow diverter devices, and others) and by geography (Americas, APAC, and EMEA).

Overview of the neuroendovascular non-coils market

According to the market research analysts at Technavio, the global neuroendovascular non-coils market is anticipated to witness impressive growth and will post a staggering CAGR of close to 13% over the forecast period. With rising demand for intracranial stenting procedures, the neuroendovascular non-coils market is expected to have a positive outlook over the coming years. The number of individuals with cerebral aneurysm around the world is increasing significantly, which has led to a sharp rise in demand for intracranial stenting procedures. For instance, in the US, it is estimated that intracranial cerebral atherosclerosis causes 40,000–60,000 new strokes per year. This has driven the demand for coils and non-coils, which are rampantly adopted by hospitals and neurological centers. Non-coils such as stents are extensively used due to better navigability and easy deployment in tortuous vessels for optimal cerebral circulation. The introduction of new intracranial devices with flow diverters is feasible and efficient with high complete occlusion rates. Moreover, intraoperative neurophysiological monitoring systems serve as a reliable tool for continuous functional monitoring of individuals undergoing large-caliber vessel EC-IC bypass surgery, leading to the augmented adoption of intracranial stenting procedures.

The increasing number of ongoing clinical trials is one of the recent trends spurring this market’s growth prospects during the forecast period. The ongoing trials for non-coil technology in treating intracranial aneurysms have shown potential outcomes in addressing high recanalization rates when compared to other treatment procedures such as coil embolization. However, more clinical evidence is required for surgeons to have a positive indication to use non-coil techniques in treating intracranial aneurysms. The market is expected to get new FDA product launches, which will propel this market’s growth prospects over the next four years.

Competitive landscape and key vendors

The global neuroendovascular non-coils market is highly fragmented owing to the presence of large, medium, and small-sized companies. The advances in technology and new product launches will increase the competition among the existing vendors. To remain competitive in the market, the majority of vendors are adopting different strategies to help them enhance their presence in the market. Although the leading vendors hold the majority of the market shares, factors such as innovation, greater product development, and the choice is bound to change the competitive landscape of the market.

 Key vendors in this market are -

  • DeBuy Synthes
  • Medtronic
  • MicroVention
  • Stryker

Other prominent vendors in the market include Abiomed, AdvanSource Biomaterials, AGA Medical, Allium Medical, AngioDynamics, Angioslide, Atrium Medical, Biophan Technologies, Biosense Webster, Cardiac Science, CardiacAssist, Dextera Surgical, Cardio-Flow, Claret Medical, Contego Medical, Cook Group, Cryolife, Innovative Cardiovascular Solutions, Keystone Heart, St. Jude Medical, phenox, InspireMD, Acandis, and Transverse Medical. 

Segmentation by product type and analysis of the neuroendovascular non-coils market

  • Neurovascular stents
  • Access devices
  • Flow diverter devices
  • Others (liquid embolic agents, embolic protection device, and clot retrievers)

During 2015, the neurovascular stents was the highest revenue generating product segment and will continue to lead the market in the coming years. A neurovascular stent is a small, flexible, tube-like device made of fabric supported by a metal mesh. It is used to treat several cerebral conditions such as stenosis formation in the blood vessels and ischemic stroke, and aneurysm. It is also used to re-establish the blood flow through a stenosis vessel. The growing clinical trials are expected to drive the adoption rates of neurovascular stents. Additionally, technological advancements are also expected to contribute to this segment’s growth until the end of 2020.

Geographical segmentation and analysis of the neuroendovascular non-coils market

  • Americas
  • APAC
  • EMEA

In terms of geography, the Americas dominated the global neuroendovascular non-coils market during 2015 and will continue its dominance over the next four years. The growth of this market in the Americas, especially the US, is the rising prevalence of cerebral disorders such as ischemic stroke, stenosis, brain aneurysm, and malformation. The implementation of new medical standards is also one of the major factors contributing to the growth of the market in the region.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global neuroendovascular non-coils market?
  • What are the key market trends impacting the growth of the global neuroendovascular non-coils market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global neuroendovascular non-coils market?
  • What are the market opportunities and threats faced by the vendors in the global neuroendovascular non-coils market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global neuroendovascular non-coils market?

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Neuroendovascular non-coil equipment is primarily used for the treatment of an unruptured or ruptured brain aneurysm, which is a weakened area in the artery wall. The whole treatment procedure is known as endovascular embolization. During this procedure, the neuroendovascular non-coil devices including stents, flow diverters, liquid embolic glues block the flow of blood in an aneurysm. The interventional neuroradiologist performs neuroendovascular non-coiling treatment by using fluoroscopic imaging guidance under general anesthesia administration. Neuroendovascular non-coils are used as an alternative to surgical clipping for the aneurysm medication.  The growing incidences of brain aneurysm and rising demand for minimally-invasive endovascular surgeries have necessitated the use of neuroendovascular non-coil devices. Among all geographies, the Americas has been identified as the most promising region in this market space, in terms of growth rate.

The report, global neuroendovascular non-coils market, is part of Technavio’s healthcare and life sciences research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as cardiovascular and metabolic disorders, central nervous system, oncology, medical imaging, life science research tools, and vaccines. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.

Table of Content

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Neuroendovascular diseases: An overview
  • Brain aneurysm
  • Endovascular embolization
  • Regulatory environment

PART 05: Market landscape

  • Market overview
  • Five forces analysis

PART 06: Market segmentation  by product type

  • Neuroendovascular stents
  • Access devices
  • Flow diversion devices
  • Other neuroendovascular non-coil devices

PART 07: Geographical segmentation

  • Neuroendovascular non-coils market in Americas
  • Neuroendovascular non-coils market in EMEA
  • Neuroendovascular non-coils market in APAC

PART 08: Market drivers

  • High incidence rates of brain aneurysm and cerebral disorders
  • Growing demand for minimally invasive procedures with improved medical imaging
  • Rise in demand for intracranial stenting procedures
  • Rise in recognition and awareness

PART 09: Impact of drivers

PART 10: Market challenges

  • Shortage of skilled surgeons and technicians
  • High cost of stenting procedures
  • Complications associated with neuroendovascular procedures
  • Manufacturing hurdles and delay in product launch due to stringent regulatory approvals
  • Lack of adequate clinical evidence

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Increase in market penetration of non-coil devices through new technological advances
  • Growing surgeons' interests in adoption of flow diversion devices and neurovascular stents
  • Growing number of ongoing clinical trials
  • Transforming marketing and sales strategies for neuroendovascular non-coil devices

PART 13: Vendor landscape

  • Competitive scenario
  • Key news

PART 14: Key vendor analysis

  • DePuy Synthes
  • Medtronic
  • MicroVention
  • Stryker
  • Other prominent vendors

PART 15: Appendix

  • List of abbreviations

PART 16: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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