Neurovascular Devices Market
By Disease Pathology;
Cerebral Aneurysm, -[Embolic Coils, Flow Diversion Devices, Microcatheters, Intracranial Stent and Guidewires], Ischemic Stroke, -[Clot Retriever Devices, Suction & Aspiration Devices, Vascular Snares, Microguidewires and Balloon Guide Catheters], Carotid Artery Stenosis, -[Carotid Artery Stents, Embolic Protection Devices and Balloon Catheters], Arteriovenous Malformation & Fistulas, -[Liquid Embolic Agents and Occlusion Balloon Catheters] and OthersBy End User;
Hospitals & Surgical Centers, Ambulatory Care Centers and Research Laboratories & Academic InstitutesBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)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%.
Neurovascular Devices Market
*Market size in USD million
CAGR 5.0 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 5.0 % |
| Market Size (2024) | USD 3,237.80 Million |
| Market Size (2031) | USD 4,555.90 Million |
| Market Concentration | Medium |
| Report Pages | 336 |
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
Neurovascular Devices Market
Fragmented - Highly competitive market without dominant players
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.
Neurovascular Devices Market Key Takeaways
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Neurovascular Devices Market is expanding due to rising cases of stroke and cerebral aneurysms, with growing emphasis on early diagnosis and minimally invasive interventions to improve patient recovery outcomes.
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Continuous innovation in stent retrievers and flow diverters is revolutionizing endovascular treatment, offering faster clot removal and enhanced vessel reconstruction capabilities for complex neurovascular conditions.
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The increasing adoption of image-guided neurosurgery and robotic-assisted systems supports procedural precision, promoting a shift toward digital neurosurgical integration and data-driven clinical workflows.
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Growing demand for biocompatible materials and next-generation coatings is enhancing device safety, while R&D efforts are focused on improving blood flow dynamics and minimizing thrombosis risks.
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Rising investments in neurointerventional research and government health programs are strengthening healthcare infrastructure, facilitating faster access to advanced neurocare and specialized stroke centers.
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Market players are adopting strategic partnerships with hospitals and med-tech innovators to accelerate clinical trials, ensuring quicker regulatory approvals and wider commercial reach.
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Increasing awareness of preventive neurology and improved neurovascular screening technologies are enabling early intervention, leading to significant reductions in mortality and long-term disability rates.
Neurovascular Devices Market Recent Developments
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In December 2024, Kaneka Corporation acquired 96.8% of EndoStream Medical, enhancing its portfolio in cerebrovascular technologies through the integration of EndoStream’s Nautilus aneurysm treatment platform.
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In January 2025, Stryker Corporation announced the acquisition of Inari Medical, bringing venous thromboembolism solutions into its neurovascular division to strengthen its vascular intervention offerings.
Neurovascular Devices Market Segment Analysis
In this report, the Neurovascular Devices Market has been segmented by Disease Pathology, End User, and Geography.
Neurovascular Devices Market, Segmentation by Disease Pathology
The Disease Pathology segmentation of the Neurovascular Devices Market provides a comprehensive view of device adoption across key neurological conditions such as cerebral aneurysm, ischemic stroke, carotid artery stenosis, and arteriovenous malformation & fistulas. Each condition demands specialized intervention tools, leading to measurable percentage-based growth in device precision, procedural safety, and treatment success. Increasing minimally invasive procedures and technological integration remain the primary market drivers.
Cerebral Aneurysm
The Cerebral Aneurysm segment captures a significant portion of market share, supported by rising incidence rates and innovation in endovascular coiling and flow diversion techniques. Clinical success rates have improved by measurable percentages due to enhanced embolization efficiency and stent-assisted coiling methods. Continuous product refinement and the introduction of bioactive coatings are contributing to procedural reliability.
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Embolic Coils
Embolic Coils remain the most widely used devices for aneurysm treatment, showing measurable percentage-based growth due to their effectiveness in occluding aneurysmal sacs. Advancements in hydrogel technology enhance conformability and long-term stability.
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Flow Diversion Devices
Flow Diversion Devices direct blood flow away from aneurysm sites, reducing rupture risk. The segment experiences measurable percentage-based growth from next-generation braided stent designs and improved radial force control.
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Microcatheters
Microcatheters are essential in delivering embolic materials with precision. The growing demand for high-trackability catheters supports procedural efficiency and measurable improvement in navigation accuracy.
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Intracranial Stent
Intracranial Stents are increasingly adopted to reinforce vessel walls and prevent aneurysm recurrence. Clinical outcomes show measurable percentage-based reductions in recanalization rates due to advanced stent coatings and flexibility.
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Guidewires
Guidewires support precision in navigating complex vasculature. Measurable gains in torque control and radiopacity enable safer deployment of aneurysm treatment devices.
Ischemic Stroke
The Ischemic Stroke segment witnesses robust expansion as mechanical thrombectomy becomes the standard of care. Rising procedural volumes and measurable percentage-based improvements in clot retrieval success drive adoption. Integration of AI-assisted imaging and robotic navigation further enhances treatment efficiency.
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Clot Retriever Devices
Clot Retriever Devices dominate stroke intervention, achieving measurable percentage-based improvements in recanalization rates. Enhanced mechanical design minimizes vessel trauma and procedural time.
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Suction & Aspiration Devices
Suction & Aspiration Devices utilize direct aspiration for rapid clot removal. The segment records measurable growth driven by innovations in lumen optimization and vacuum stability.
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Vascular Snares
Vascular Snares assist in retrieving thrombi and foreign bodies from cerebral arteries. Measurable percentage-based adoption increases due to the need for precise retrieval control and reduced vessel damage.
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Microguidewires
Microguidewires facilitate the navigation of tortuous vasculature. The introduction of super-elastic alloys and lubricity coatings has enhanced safety and procedural efficiency.
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Balloon Guide Catheters
Balloon Guide Catheters improve aspiration control and procedural precision. Percentage-based gains in flow arrest efficiency contribute to better clinical outcomes in thrombectomy.
Carotid Artery Stenosis
The Carotid Artery Stenosis segment is expanding as non-surgical treatment becomes more common. Measurable percentage-based growth stems from the preference for minimally invasive carotid interventions that reduce stroke risk. Enhanced device compatibility and integrated imaging guidance further optimize outcomes.
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Carotid Artery Stents
Carotid Artery Stents ensure vessel patency in high-risk patients. The segment experiences measurable growth due to innovations in dual-layer stent design and improved radial strength.
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Embolic Protection Devices
Embolic Protection Devices prevent distal embolization during stent placement. Measurable percentage-based improvement in capture efficiency enhances patient safety and procedural confidence.
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Balloon Catheters
Balloon Catheters aid in pre- and post-dilatation of stenotic arteries. New-generation devices show measurable enhancements in inflation control and angiographic precision.
Arteriovenous Malformation & Fistulas
The Arteriovenous Malformation (AVM) & Fistulas segment is characterized by the use of liquid embolic materials and occlusion devices to close abnormal vascular connections. Measurable percentage-based improvements in flow control and embolization accuracy have increased treatment efficacy. Market expansion is supported by rising procedural volumes and device innovation.
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Liquid Embolic Agents
Liquid Embolic Agents enable targeted occlusion of complex AVMs. Measurable percentage-based increases in polymer stability and radiopacity improve visualization and treatment success.
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Occlusion Balloon Catheters
Occlusion Balloon Catheters allow temporary flow diversion during embolization. They record measurable percentage-based growth owing to enhanced material compliance and catheter maneuverability.
Others
Others include rare neurovascular disorders that demand customized intervention tools. Market share growth in this category reflects innovations in neuro-endovascular techniques and biocompatible polymer systems.
Neurovascular Devices Market, Segmentation by End User
The End User segmentation illustrates demand across hospitals & surgical centers, ambulatory care centers, and research laboratories & academic institutes. Increasing procedural volume, coupled with measurable percentage-based growth in neurointerventional training and equipment integration, is driving market expansion across clinical and research environments.
Hospitals & Surgical Centers
Hospitals & Surgical Centers represent the largest end-user category due to advanced neurointerventional infrastructure and the availability of specialized physicians. These centers experience measurable percentage-based growth with the expansion of stroke management programs and hybrid operating suites.
Ambulatory Care Centers
Ambulatory Care Centers gain traction as cost-effective alternatives for minor neurovascular interventions. The segment reports measurable percentage-based increases in day-care neuroimaging procedures and catheter-based therapies supported by rapid recovery models.
Research Laboratories & Academic Institutes
Research Laboratories & Academic Institutes contribute to innovation and device prototyping. Their measurable percentage-based growth stems from increased investment in biomechanical testing and pre-clinical neurovascular research.
Neurovascular Devices Market, Segmentation by Geography
The Geography segmentation highlights global variations in disease prevalence, healthcare infrastructure, and adoption of advanced neurointerventional devices. Developed regions dominate due to mature healthcare systems, while emerging markets exhibit measurable percentage-based growth from improving clinical access and public healthcare investments.
Regions and Countries Analyzed in this Report
North America
North America dominates the Neurovascular Devices Market owing to advanced interventional radiology infrastructure and high procedural adoption rates. Measurable percentage-based growth continues due to favorable reimbursement frameworks and early integration of AI-supported navigation systems.
Europe
Europe maintains significant market share with strong regulatory frameworks and widespread stroke management networks. The region records measurable percentage-based improvements in device approval timelines and neurointerventional capacity.
Asia Pacific
Asia Pacific demonstrates the highest percentage-based growth driven by healthcare modernization and rising neurological disorder prevalence. Expanding training programs and domestic device manufacturing strengthen regional competitiveness.
Middle East & Africa
Middle East & Africa show steady percentage-based progress with increased investment in neurovascular treatment infrastructure and public-private healthcare partnerships. Urban hospitals lead in adopting advanced stenting and coiling systems.
Latin America
Latin America experiences measurable percentage-based growth supported by government-led stroke care initiatives and improved access to interventional devices. Expansion of neurology centers enhances diagnostic and treatment capabilities across major markets.
Neurovascular Devices Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Neurovascular Devices Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing Demand For Minimally Invasive Surgeries
- Technological Advancements In Neurointerventional Devices
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Growing Geriatric Population Requiring Neurological Care - The increasing number of elderly individuals worldwide is significantly fueling the demand for neurovascular devices. As people age, they become more susceptible to conditions like strokes, cerebral aneurysms, and other vascular complications, necessitating advanced tools for treatment and management. This demographic trend is directly impacting the uptake of innovative medical technologies designed to treat neurovascular diseases with minimal invasiveness.
Minimally invasive neurovascular devices offer targeted solutions that reduce procedural risk and improve recovery outcomes, making them particularly suitable for older patients. Devices such as embolic coils, stent retrievers, and thrombectomy systems are being widely adopted in geriatric care settings. These technologies help physicians perform delicate procedures more safely, addressing complications that often arise due to the fragile health of elderly patients.
Healthcare systems are also adapting to meet the increasing demand for age-specific neurological care. Stroke centers, neuro-intensive units, and rehabilitation programs are being equipped with advanced devices that enhance diagnostic accuracy and interventional efficiency. Nations with rapidly aging populations, including Germany, Japan, and Italy, are showing especially high levels of investment in neurovascular care infrastructure.
As the elderly population continues to grow, the need for neurovascular interventions is expected to rise in parallel. Device manufacturers focusing on innovation for geriatric applications will be well-positioned to capture new opportunities in both developed and emerging healthcare markets.
Restraints
- Limited Access In Low-Income Regions
- Complexity In Device Handling And Usage
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Regulatory Barriers Slowing Product Approvals - Regulatory complexities are a major challenge that continue to hinder growth in the neurovascular devices market. Given the critical nature of brain and vascular procedures, these devices are subject to intensive safety and efficacy evaluations before approval. The time and financial investment needed to meet such high standards often slows the pace of product development and market entry.
Adding to the challenge is the lack of uniformity in global regulatory systems. A device cleared by the FDA in the United States might still face separate, extensive processes to gain approval in Europe or Asia. These varying requirements force manufacturers to conduct region-specific clinical trials and maintain extensive documentation, which increases operational costs and delays commercialization timelines.
Smaller medical technology firms face the greatest burden from these regulations, as they may lack the resources to navigate such intricate systems. The costs and delays involved in global certification can limit their ability to innovate or compete against larger players. Even for established companies, these hurdles affect strategic product launches and market penetration.
Although there is growing interest in regulatory harmonization and fast-track approval programs, the process remains slow. Until regulatory frameworks become more streamlined, market access for neurovascular innovations will remain a critical bottleneck, affecting both manufacturers and patient access to life-saving technologies.
Opportunities
- Integration With Imaging And Navigation Tools
- Collaborations For Device Innovation And Research
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Development Of AI-Based Surgical Assistance - The development of artificial intelligence-driven surgical tools is opening up new growth avenues for the neurovascular devices market. AI integration is helping surgeons enhance precision, reduce complications, and improve procedural outcomes in real time. In neurovascular surgeries, where millimeter-level accuracy is essential, AI offers a significant leap forward in clinical efficiency and safety.
Advanced algorithms can now interpret diagnostic imaging data faster and with greater consistency than traditional methods. These systems can guide surgeons in stent placements, detect aneurysms, or predict potential blockages with exceptional accuracy. When combined with robotic-assisted surgery and navigation platforms, AI is enabling a new class of smart, responsive neurovascular procedures.
AI also adds value outside the operating room. Predictive analytics can help identify high-risk patients for early intervention, while machine learning models are being used to train healthcare professionals more effectively. Hospitals adopting AI-integrated platforms are witnessing improved workflow efficiency, reduced readmission rates, and better patient outcomes.
Manufacturers who embed AI functionality into their neurovascular devices will not only meet growing demand for precision care but also strengthen their competitive positioning. As healthcare moves toward digital and data-driven solutions, the synergy between AI and neurovascular technology will become an industry-defining trend.
Neurovascular Devices Market Competitive Landscape Analysis
Neurovascular Devices Market is witnessing significant advancement as medical manufacturers emphasize innovation, clinical strategies, and precision-driven treatment solutions. Over 70% of major players are focusing on developing minimally invasive devices for stroke and aneurysm management. Strong collaboration between hospitals, research institutes, and industry leaders continues to foster growth and product differentiation in the neurovascular segment.
Market Structure and Concentration
The market displays a moderately consolidated structure, with around 60% of total share controlled by key medical technology companies pursuing growth through mergers and partnerships. Emerging firms contribute to innovation by developing next-generation stent retrievers and flow diverters. This balanced concentration enhances competitive diversity and accelerates adoption of advanced treatment options.
Brand and Channel Strategies
Leading companies implement targeted strategies including physician partnerships, training programs, and digital sales channels, which represent nearly 55% of the overall market influence. Collaboration with healthcare providers strengthens brand reliability and ensures clinical efficiency. Sustained growth is supported by product quality, service integration, and evidence-based marketing in critical care segments.
Innovation Drivers and Technological Advancements
Rapid technological advancements and continuous innovation are propelling the market, with more than 70% of manufacturers investing in microcatheter design, bioresorbable materials, and real-time imaging technologies. These breakthroughs enhance patient outcomes and procedural accuracy. Ongoing growth is reinforced by R&D collaborations focusing on device miniaturization and automation in interventional neurology.
Regional Momentum and Expansion
Regional expansion remains strong, with about 50% of demand coming from North America and Europe, driven by advanced healthcare infrastructure and rising procedural growth. Asia-Pacific shows accelerating progress through partnerships with local healthcare systems and technology transfer initiatives. Expanding neurology centers and improved diagnostic access are fueling further adoption across key regions.
Future Outlook
The market’s future outlook highlights continued innovation, strategic growth, and increasing emphasis on precision-based care. Over 65% of firms are expected to focus on next-generation devices, AI-assisted diagnostics, and integrated treatment strategies. Continued expansion and advancements in neuro-interventional technology will define the next phase of progress in the neurovascular devices market.
Key players in Neurovascular Devices Market include:
- Johnson & Johnson
- Medtronic plc
- Stryker Corporation
- Penumbra, Inc.
- Terumo Corporation
- MicroVention, Inc.
- MicroPort Scientific Corporation
- Acandis GmbH
- Phenox GmbH
- ASAHI INTECC Co., Ltd.
- Balt
- Shanghai HeartCare Medical Technology
- NeuroVasc Technologies, Inc.
- Achieva Medical
- HeMo Bioengineering
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Disease Pathology
- Market Snapshot, By End User
- Market Snapshot, By Region
- Neurovascular Devices Market Forces
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Demand For Minimally Invasive Surgeries
- Technological Advancements In Neurointerventional Devices
- Growing Geriatric Population Requiring Neurological Care
- Restraints
- Limited Access In Low-Income Regions
- Complexity In Device Handling And Usage
- Regulatory Barriers Slowing Product Approvals
- Opportunities
- Integration With Imaging And Navigation Tools
- Collaborations For Device Innovation And Research
- Development Of AI-Based Surgical Assistance
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Neurovascular Devices Market, By Disease Pathology, 2021 - 2031 (USD Million)
- Cerebral Aneurysm
- Embolic Coils
- Flow Diversion Devices
- Microcatheters
- Intracranial Stent
- Guidewires
- Ischemic Stroke
- Clot Retriever Devices
- Suction & Aspiration Devices
- Vascular Snares
- Microguidewires
- Balloon Guide Catheters
- Carotid Artery Stenosis
- Carotid Artery Stents
- Embolic Protection Devices
- Balloon Catheters
- Arteriovenous Malformation & Fistulas
- Liquid Embolic Agents
- Occlusion Balloon Catheters
- Others
- Cerebral Aneurysm
- Neurovascular Devices Market, By End User, 2021 - 2031 (USD Million)
- Hospitals & Surgical Centers
- Ambulatory Care Centers
- Research Laboratories & Academic Institutes
- Neurovascular Devices Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentin
- Rest of Latin America
- North America
- Neurovascular Devices Market, By Disease Pathology, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Johnson & Johnson
- Medtronic plc
- Stryker Corporation
- Penumbra, Inc.
- Terumo Corporation
- MicroVention, Inc.
- MicroPort Scientific Corporation
- Acandis GmbH
- Phenox GmbH
- ASAHI INTECC Co., Ltd.
- Balt
- Shanghai HeartCare Medical Technology
- NeuroVasc Technologies, Inc.
- Achieva Medical
- HeMo Bioengineering
- Company Profiles
- Analyst Views
- Future Outlook of the Market

