MARKET RESEARCH BRIEF
Global Opportunity Analysis & Forecast 2024–2030
Neurovascular Device Market Stroke, aneurysm and minimally invasive neurointervention: a market on track to reach USD 5.71 billion by 2030
$3.35 B
$5.71 B
7.90%
Market value in 2023
Forecast value by 2030
CAGR, 2024–2030
Executive Summary • Rising prevalence of ischemic stroke, cerebral aneurysms and carotid atherosclerosis is expanding demand for coils, stents and thrombectomy devices. • North America holds the lion's share today; Asia-Pacific is the fastest-growing region through 2030. • AI-driven imaging and laser / 3D imaging technologies are improving speed, accuracy and neurointervention workflows. • Medtronic, Stryker, Penumbra and Johnson & Johnson compete through product launches and regional collaborations.
Copyright © Next Move Strategy Consulting | Source: NMSC Neurovascular Device Market Report
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01 · MARKET LANDSCAPE
Market Size, Growth & Share A USD 3.35 B market compounding at 7.90% a year toward USD 5.71 B by 2030 Global market value (USD billion)
5.71
CAGR 7.90%
+USD 2.36 B Absolute value added, 2023–2030
1.7×
3.35
Market expansion over the forecast
North America Holds the lion's share of the market
2023
2030
Asia-Pacific Fastest-growing region, 2024–2030
• Neurovascular devices diagnose and treat conditions where brain blood flow is restricted or disrupted, from ischemic stroke to cerebral aneurysm. • Steady 7.90% CAGR signals durable, procedure-driven demand rather than a one-off technology cycle. • Value capture spans implants (coils, stents), clot-removal systems and the access tools that enable every procedure.
Industry Ecosystem: from device to care setting STEP 1 · PRODUCTS
STEP 2 · PROCESSES
Embolization devices Revascularization devices Thrombectomy devices Embolic protection devices Accessory devices
Neurothrombectomy Cerebral angiography Carotid endarterectomy Stenting · Coiling Microsurgical clipping Flow diversion
5 product categories
7 procedure types
STEP 3 · APPLICATIONS
Cerebral aneurysm Arteriovenous malformation Ischemic stroke Carotid artery stenosis Others
5 application areas
Copyright © Next Move Strategy Consulting | Source: NMSC Neurovascular Device Market Report
STEP 4 · END USERS
Hospitals Ambulatory surgical centers Clinics REGIONS
North America · Europe Asia-Pacific · RoW
23 countries
named 02 / 06
02 · GROWTH DRIVERS & OPPORTUNITIES
What Is Pulling Demand Disease burden and imaging innovation are shifting care toward minimally invasive neurointervention
01
02
03
Rising disease prevalence
AI-enabled diagnostics
Safer, more precise devices
Ischemic stroke, cerebral aneurysms and carotid atherosclerosis are increasing with sedentary, unhealthy lifestyles.
AI in diagnostics, imaging and mobile computing delivers consistent, accurate and fast results.
Gains in technology, efficacy and accuracy reduce the risk of invasive surgery.
OPPORTUNITIES
RESTRAINTS TO MANAGE
• More R&D activity across the healthcare sector
• High cost of neurovascular devices
• Laser and 3D imaging that raise efficiency and improve neurointervention workflows
• Lack of qualified neurosurgeons to operate the devices
Opportunity segments: where clinical demand lands Clinical need
Device segment
Ischemic stroke
Thrombectomy: clot retrieval, suction & aspiration, snares
Cerebral aneurysm
Embolic coils, coil-assist stents / balloons, flow diversion stents
Carotid artery stenosis
Carotid stents, distal filters, balloon occlusion
Every procedure
Access: microcatheters, microguidewires
Copyright © Next Move Strategy Consulting | Source: NMSC Neurovascular Device Market Report
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02 · GROWTH DRIVERS & OPPORTUNITIES
Regional Growth Opportunity Map North America leads today; Asia-Pacific is the fastestgrowing frontier North America
Europe
Largest share
Asia-Pacific Fastest growth
Rest of World (RoW)
North America · Market leader
Asia-Pacific · Fastest growing
• Rising neurological disease prevalence and awareness of early diagnosis
• Large patient pool and ageing population
• 6.2 M people in the U.S. had Alzheimer's in 2021, incl. 11.3% of those aged 65+
• 64.4 M (South-East Asia) and 85.0 M (Western Pacific) live with neurological diseases (GBD 2019)
• Home to Stryker, J&J, Medtronic and Penumbra
• India: Rs 4.72 lakh crore health-infrastructure budget, 2021-22
• Investors: North America offers scale; Asia-Pacific offers the steepest growth curve. • B2B / strategy teams: local partnerships (e.g., China) speed up access to Asia-Pacific. • Report coverage: 23 named countries plus rest-of-region groups across Europe (Germany, UK, France and more) and RoW (UAE, Brazil, KSA and more).
Copyright © Next Move Strategy Consulting | Source: NMSC Neurovascular Device Market Report
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03 · COMPETITIVE SCENARIO
Leading Companies & Strategies Incumbents defend share through new product launches and regional collaborations Competitive positioning matrix Key player
North America
Product launch /
presence*
expansion
Collaboration
Medtronic Plc
Penumbra Inc. Stryker Corporation Johnson & Johnson Perflow Medical ● Blue = named in report as a major North America player · ● Green = strategic move cited in report · — = not cited *Indicators reflect only what the NMSC report page documents; they are not market-share rankings.
Key strategic moves FEB 2021 · EXPANSION
JAN 2021 · PARTNERSHIP
APR 2021 · LAUNCH
Medtronic
Penumbra × Genesis MedTech
Perflow Medical
Expanded its radial artery access portfolio with the Rist 079 Radial Access Guide Catheter.
Collaboration to expand in China's neurovascular market.
First clinical use of the Stream 17 Dynamic Neuro-Thrombectomy Net for tortuous anatomy.
OTHER KEY PLAYERS PROFILED
Terumo Corporation · Merit Medical Systems · Integer Holdings · MicroPort Scientific · Imperative Care • Investors: innovation pipelines in stroke and access devices drive differentiation. • B2B partners: local distribution alliances are a proven route into Asia-Pacific. • Strategy teams: design for tortuous anatomy and radial access to reach new procedure volume.
Copyright © Next Move Strategy Consulting | Source: NMSC Neurovascular Device Market Report
05 / 06
04 · CONNECT WITH US
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Copyright © Next Move Strategy Consulting | Source: NMSC Neurovascular Device Market Report
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