London, 22 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global neuroendovascular coil market 2015-2019, which is expected to grow at CAGR of 8.26% during the forecast period of 2014-2019.
The vendors in the market are focusing on developing new and advanced products that are safe, easy to use, widely available, and cost-effective. The next-generation access devices such as steerable guide catheters, micro catheters, guidewires, and distal access guide catheters have been developed to improve trackability, flexibility, and navigation and provide access, especially through convoluted anatomy.
“Minimally invasive endovascular surgeries reduce the length of the hospital stay and allow the patient to recover faster, leading to better utilization of the healthcare resources at an overall lower cost,” says Faisal Ghaus, Vice President of Technavio.
“The neuroendovascular coiling surgeries are performed using a minimally invasive endovascular technique and are even possible in patients with higher risk of the aneurysm rupturing.”
Key Market Drivers
- High Incidence of Brain Aneurysm
- Increase in Demand for Minimally Invasive Endovascular Surgeries
- Advances in Technology
Key Market Trends
- Rise in Recognition and Awareness
- Strong Product Pipeline
Key Market Vendors
- DePuy Synthes Companies
- Medtronic Inc.
- MicroVention Inc.
- Stryker Corp.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
