Global Neurovascular Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Device Type;

Cerebral Embolization and Aneurysm Coiling Devices - Embolic Coils, Flow Diversion Devices and Liquid Embolic Agents, Cerebral Angioplasty and Stenting Systems - Carotid Artery Stents and Embolic Protection Systems, Neurothrombectomy Devices - Clot Retrieval Devices, Suction Devices and Vascular Snares, Support Devices - Micro Catheters, and Micro Guidewires

By Disease Pathology;

Ischemic Strokes, Cerebral Aneurysm, Carotid Artery Stenosis, Arteriovenous Malformations, Fistulas, and Others

By Applications;

Stroke, Cerebral Artery Stenosis, Cerebral Aneurysm, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn115042151 Published Date: May, 2025 Updated Date: June, 2025

Neurovascular Devices Market Overview

Neurovascular Devices Market (USD Million)

Neurovascular Devices Market was valued at USD 3,237.80 million in the year 2024. The size of this market is expected to increase to USD 4,555.90 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.


Global Neurovascular Devices Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 5.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.0 %
Market Size (2024)USD 3,237.80 Million
Market Size (2031)USD 4,555.90 Million
Market ConcentrationMedium
Report Pages336
3,237.80
2024
4,555.90
2031

Major Players

  • Medtronic plc
  • Stryker Corporation
  • Johnson & Johnson
  • Penumbra Inc
  • Terumo Corporation
  • MicroPort Scientific Corporation
  • Integer Holdings Corporation
  • Penumbra Inc
  • Balt Extrusion
  • Medikit Co Ltd

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Neurovascular Devices Market

Fragmented - Highly competitive market without dominant players


The Neurovascular Devices Market is witnessing robust growth, driven by the increasing preference for minimally invasive procedures. These devices offer reduced recovery times and improved clinical outcomes, making them the preferred choice in neurovascular treatments. Notably, over 70% of neurovascular procedures today rely on these advanced technologies, underscoring a significant shift towards less invasive approaches.

Technological Innovations Boosting Market Expansion
Technological advancements are playing a pivotal role in the growth of the neurovascular devices market. Cutting-edge solutions like coated stents, flow diverters, and aspiration catheters have significantly enhanced treatment precision, reducing procedural risks. These advanced devices now contribute nearly 60% to the market's total revenue, emphasizing the critical role of continuous innovation.

Supportive Healthcare Policies and Reimbursement Benefits
Favorable healthcare policies and reimbursement frameworks are accelerating the adoption of neurovascular devices. Approximately 50% of healthcare systems worldwide now include reimbursement for these innovative technologies, significantly reducing patient financial burdens and promoting broader market penetration.

Focus on Patient Safety and Clinical Outcomes
Enhanced patient safety and superior clinical outcomes are becoming essential factors in this market's growth. Devices with advanced safety features and reduced complication rates account for over 65% of all neurovascular devices in use, reflecting a strong industry focus on improving patient care and treatment success rates.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Device Type
    2. Market Snapshot, By Applications
    3. Market Snapshot, By Disease Pathology

    4. Market Snapshot, By Region
  4. Neurovascular Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand For Minimally Invasive Surgeries
        2. Technological Advancements In Neurointerventional Devices
        3. Growing Geriatric Population Requiring Neurological Care
      2. Restraints
        1. Limited Access In Low-Income Regions
        2. Complexity In Device Handling And Usage
        3. Regulatory Barriers Slowing Product Approvals
      3. Opportunities
        1. Integration With Imaging And Navigation Tools
        2. Collaborations For Device Innovation And Research
        3. Development Of AI-Based Surgical Assistance
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Neurovascular Devices Market, By Device Type, 2021 - 2031 (USD Million)
      1. Cerebral Embolization and Aneurysm Coiling Devices
        1. Embolic Coils
        2. Flow Diversion Devices
        3. Liquid Embolic Agents
      2. Cerebral Angioplasty and Stenting Systems
        1. Carotid Artery Stents
        2. Embolic Protection Systems
      3. Neurothrombectomy Devices
        1. Clot Retrieval Devices
        2. Suction Devices
        3. Vascular Snares
      4. Support Devices
        1. Micro Catheters
        2. Micro Guidewires
    2. Neurovascular Devices Market, By Applications, 2021 - 2031 (USD Million)
      1. Stroke
      2. Cerebral Artery Stenosis
      3. Cerebral Aneurysm
      4. Others
    3. Neurovascular Devices Market, By Disease Pathology, 2021 - 2031 (USD Million)
      1. Ischemic Strokes
      2. Cerebral Aneurysm
      3. Carotid Artery Stenosis
      4. Arteriovenous Malformations
      5. Fistulas
      6. Others
    4. Neurovascular Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentin
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Medtronic plc
      2. Stryker Corporation
      3. Johnson & Johnson
      4. Penumbra Inc
      5. Terumo Corporation
      6. MicroPort Scientific Corporation
      7. Integer Holdings Corporation
      8. Penumbra Inc
      9. Balt Extrusion
      10. Medikit Co Ltd
  7. Analyst Views
  8. Future Outlook of the Market