Already specialists had constrained treatment alternatives with intense ischemic stroke if patients were past the three-hour window. Presently with progressive innovation, there are various endovascular devices for revascularization of occluded vessels. The revascularization device is a retrievable, self-expanding, stent-like neurovascular device use to restore blood flow in patients with the ischemic stroke due to large intracranial vessel occlusion. The revascularization device is delivered through the micro-catheter into a blocked artery, to compresses and traps the clot. The device removes the clot by withdrawing and reopened the blocked blood vessel. The revascularization device is available in various diameters such as 4 mm and 6 mm and in lengths ranging from 15 mm to 30 mm. the revascularization device is designed to treat vessels such as M1 and M2 segments of the middle cerebral artery, the internal carotid artery, anterior cerebral artery, and clot lengths up to 30 mm, and basilar artery and vertebral artery. Some revascularization device has the ability to re-reposition and re-deploy and retrieve it into the micro catheter after full deployment, if necessary.
The increasing preference of minimally invasive surgery over traditional surgery is the key growth factor boost the use of revascularization devices.
The global revascularization devices market is segmented on the basis of type, material, application and coating.
On the basis of indication, the global revascularization devices market is segmented into:
On the basis of end user, the global revascularization devices market is segmented into:
The global revascularization devices market is expected to register a significant CAGR over a forecast period. The increasing prevalence of neurovascular diseases and disorders, lifestyle diseases is the key factor anticipated to propel the demand for revascularization procedures and drives the growth of the global revascularization devices market. The revascularization devices offers physicians and patients a multitude of advantages as compared to current treatment options and has a potential to become the growth factor of the global revascularization devices market. The revascularization device has an extremely fast, simple, safe and efficient procedure with the potential for high recanalization rates and improved neurological outcomes. It also provides the potential for flow restoration upon multimodality use such as temporary bypass, clot retrieval and pharmacological therapy, which also boost the demand of revascularization devices and drives the market of revascularization devices over the long run. The technological advancements and ongoing research and development activities to bring upgraded devices also surge the growth of the global revascularization devices market.
However, the potentially adverse events and complications of the revascularization devices such as acute occlusion, allergic reaction, arteriovenous fistula, infection, emboli and others may hamper the use of revascularization devices and restrain the growth of the global revascularization devices market. The lack of expertise and physicians to operate revascularization devices and treat acute ischemic strokes also may restrain the growth of the global revascularization devices market over the forecast period.
On the basis of regional presence, the global revascularization devices market is segmented into five key regions: North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. The North America is dominating and contributed the leading shares to the global revascularization devices market in terms of revenue and expected to register a significant growth over a forecast period due to the increasing prevalence of neurovascular diseases in the region. The Europe has also contributed the moderate shares and registered a healthy growth rate to the global revascularization devices market followed by North America. The APEJ has become the lucrative market for revascularization devices and anticipated to register significant shares over the forecast period due to the increasing medical tourism in the countries of APEJ such as India. The increasing infrastructure developments and improvements in the medical industry also boosts the APEJ revascularization devices market. The Latin America and MEA are at a nascent stage to the global revascularization devices market and expected to show a moderate growth over a forecast period due to growing medical industry in the region.
Some of the major market players in revascularization devices market globally include Rapid Medical, Penumbra, Inc., Medtronic Inc. and Covidien plc.
The report covers exhaustive analysis on:
Regional analysis includes