Global Neurovascular Stent Retrievers Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product Type;
Balloon Expanding Stents and Self-Expanding Stents.By Material;
Metal, Stainless Steel, Nitinol, and Polymer.By End User;
Hospitals, Ambulatory Surgical Centers, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Neurovascular Stent Retrievers Market (USD Million), 2021 - 2031
In the year 2024, the Global Neurovascular Stent Retrievers Market was valued at USD 789.34 million. The size of this market is expected to increase to USD 1,210.58 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.3%.
The COVID-19 pandemic had a significant impact on global healthcare systems, disrupting routine care in many facilities and posing risks to vulnerable patients, including those with neurodegenerative diseases. Studies, like "Pandemic Meets Epidemic: COVID-19 and Neurodegenerative Diseases," published in December 2020, highlighted a rise in severe neurological manifestations among COVID-19 patients, such as stroke and encephalopathy, attributed to the virus's invasion of nervous tissues.
To manage elective neurosurgeries during the pandemic, various strategies were implemented, as outlined in the study "Neurosurgery and Coronavirus: Impact and Challenges-Lessons Learned From the First Wave of a Global Pandemic" from November 2021. These strategies included proactive communication with referrers, leveraging technology for remote consultations, restructuring patient pathways, and utilizing private sector hospitals for NHS care. Challenges in performing neurosurgeries during this time impacted the market for neurovascular thrombectomy devices. However, as lockdowns ease and restrictions lift, market growth is expected to rebound.
Factors driving the growth of the neurovascular thrombectomy devices market include the increasing prevalence of acute ischemic stroke, technological advancements, and the introduction of new products. Additionally, rising investments and strategic initiatives by key market players are expected to further fuel market growth in the forecast period.
Global Neurovascular Stent Retrievers Market Recent Developments
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In February 2022, Imperative Care, Inc. launched Zoom POD Aspiration Tubing, the company's ischemic stroke product portfolio that includes the Zoom 88 Large Distal Platform for neurovascular access, four Zoom Aspiration Catheters in various sizes, and the Zoom Pump with accessories.
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In February 2022, Cerenovus launched Emboguard, a next-generation balloon guide catheter for endovascular procedures, including for patients with acute ischaemic stroke.
Segment Analysis
The Global Neurovascular Stent Retrievers Market report offers a comprehensive segmentation based on Product Type, Material, End User, and Geography to provide a detailed analysis of the market landscape. The segmentation by Product Type includes various types of stent retrievers used in neurovascular interventions, such as mechanical stent retrievers, aspiration stent retrievers, and hybrid stent retrievers, each offering unique benefits in removing blood clots from blocked blood vessels in the brain.
Material segmentation categorizes stent retrievers based on the materials used in their construction, such as nitinol, stainless steel, and platinum, among others. The choice of material influences the flexibility, navigability, and thrombectomy efficacy of the stent retrievers, impacting their performance in clinical settings.
End User segmentation encompasses hospitals, ambulatory surgical centers, and specialty clinics where neurovascular procedures are performed. Each end user category reflects the diverse healthcare settings where stent retrievers are utilized, catering to the varying needs and preferences of healthcare providers and patients.
Geographical segmentation divides the market into regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, allowing for a detailed examination of regional market dynamics, trends, and growth opportunities. Factors such as healthcare infrastructure, regulatory environment, and technological advancements vary across regions, influencing market trends and demand for neurovascular stent retrievers.
This comprehensive segmentation approach enables stakeholders to gain insights into various aspects of the global neurovascular stent retrievers market, aiding in strategic decision-making, market analysis, and identification of growth opportunities.
Global Neurovascular Stent Retrievers Segment Analysis
In this report, the Global Neurovascular Stent Retrievers Market has been segmented by Product Type, Material, End User and Geography.
Global Neurovascular Stent Retrievers Market, Segmentation by Product Type
The Global Neurovascular Stent Retrievers Market has been segmented by Product Type into Balloon Expanding Stents and Self-Expanding Stents.
Balloon Expanding Stents and Self-Expanding Stents. Balloon expanding stents are designed to be expanded using an inflation balloon to open blocked blood vessels in the brain during neurovascular procedures. These stents are typically made of materials like nitinol or stainless steel and provide excellent radial force to support vessel patency.
On the other hand, self-expanding stents are designed to expand automatically once deployed in the targeted blood vessel. These stents are constructed with shape memory alloys such as nitinol, allowing them to exert continuous outward force against vessel walls and maintain vessel diameter. Self-expanding stents are particularly useful in navigating tortuous vascular anatomy and providing long-term vessel support.
This segmentation reflects the two main mechanisms of action for neurovascular stent retrievers and acknowledges their distinct characteristics and applications in clinical practice. Balloon expanding stents and self-expanding stents offer healthcare providers flexibility in selecting the most suitable stent retriever based on patient anatomy, procedural requirements, and clinician preference.
Global Neurovascular Stent Retrievers Market, Segmentation by Material
The Global Neurovascular Stent Retrievers Market has been segmented by Material into Metal, Stainless Steel, Nitinol and Polymer.
Metal, Stainless Steel, Nitinol, and Polymer. Metal stent retrievers are commonly used in neurovascular interventions due to their durability and ability to provide structural support to the blood vessel during and after the procedure. Stainless steel stent retrievers offer high tensile strength and corrosion resistance, making them suitable for long-term use in neurovascular applications.
Nitinol stent retrievers are widely used in the field of neurovascular intervention due to their unique properties, including superelasticity and shape memory. Nitinol alloys can undergo significant deformation without permanent damage and can return to their original shape upon heating, allowing for precise deployment and optimal vessel expansion. Polymer stent retrievers, although less common, offer advantages such as flexibility and radiopacity, making them suitable for specific neurovascular procedures where visibility and maneuverability are critical.
This segmentation recognizes the diverse materials used in the construction of neurovascular stent retrievers and acknowledges their respective advantages and applications in clinical practice. Healthcare providers can select stent retrievers based on material characteristics, patient anatomy, and procedural requirements, ensuring optimal outcomes in neurovascular interventions.
Global Neurovascular Stent Retrievers Market, Segmentation by End User
The Global Neurovascular Stent Retrievers Market has been segmented by End User into Hospitals, Ambulatory Surgical Centers and Others.
Hospitals, Ambulatory Surgical Centers, and Others. Hospitals serve as the primary centers for neurovascular interventions, where a wide range of procedures, including thrombectomy with stent retrievers, are performed. These facilities typically have specialized neurovascular departments equipped with advanced imaging technology and experienced medical staff to provide comprehensive care to patients with neurovascular disorders.
Ambulatory Surgical Centers (ASCs) offer outpatient services for neurovascular procedures, providing a convenient and efficient alternative to hospital-based care. ASCs are equipped to perform minimally invasive procedures, including thrombectomy with stent retrievers, in a less invasive and patient-friendly environment.
The "Others" category may include specialty clinics, academic medical centers, and research institutions that also utilize neurovascular stent retrievers for diagnostic and therapeutic purposes. These facilities may specialize in specific neurovascular conditions or offer specialized treatments not readily available in traditional hospital or ASC settings.
This segmentation reflects the diverse healthcare settings where neurovascular stent retrievers are utilized, catering to the varying needs and preferences of patients and healthcare providers. By addressing the unique requirements of hospitals, ASCs, and other healthcare facilities, the market can effectively serve the growing demand for neurovascular interventions worldwide.
Global Neurovascular Stent Retrievers Market, Segmentation by Geography
In this report, the Global Neurovascular Stent Retrievers Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Neurovascular Stent Retrievers Market Share (%), by Geographical Region, 2024
North America holds a significant share in the neurovascular stent retrievers market, driven by advanced healthcare systems, high healthcare expenditure, and a growing prevalence of neurovascular disorders. Europe follows closely, characterized by robust research and development activities, well-established healthcare infrastructure, and increasing adoption of minimally invasive neurovascular procedures.
Asia Pacific emerges as a rapidly growing market for neurovascular stent retrievers, fueled by rising healthcare investments, growing patient awareness, and increasing demand for advanced medical devices. The Middle East and Africa region and Latin America also present opportunities for market growth, supported by improving healthcare infrastructure and rising healthcare expenditure.
By segmenting the market into these geographical regions, the report provides insights into regional market dynamics, trends, and growth opportunities. This enables stakeholders to formulate informed strategies and capitalize on emerging market trends to expand their presence and drive growth in the global neurovascular stent retrievers market.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Neurovascular Stent Retrievers Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers :
- Rising Prevalence of Neurovascular Diseases
- Technological Advancements
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Increasing Adoption of Minimally Invasive Procedures - The Global Neurovascular Stent Retrievers Market is experiencing a notable trend towards the increasing adoption of minimally invasive procedures. Minimally invasive techniques, including thrombectomy with stent retrievers, offer several advantages over traditional open surgeries, such as reduced risk of complications, shorter hospital stays, and faster recovery times for patients. These benefits have led to a growing preference for minimally invasive procedures among both patients and healthcare providers.
Moreover, advancements in technology and techniques have enhanced the efficacy and safety of neurovascular stent retrievers, further driving their adoption in minimally invasive procedures. Innovations such as improved imaging modalities, navigational tools, and stent retriever designs have enabled clinicians to perform complex neurovascular interventions with greater precision and success rates.
The shift towards minimally invasive procedures is also supported by healthcare cost containment efforts and the growing emphasis on value-based care. Minimally invasive techniques are often associated with lower healthcare costs and better patient outcomes, making them attractive options for healthcare systems seeking to optimize resource utilization and improve quality of care.
Overall, the increasing adoption of minimally invasive procedures, including thrombectomy with stent retrievers, is expected to drive growth in the global neurovascular stent retrievers market. As demand for these devices continues to rise, manufacturers are likely to invest in further innovation and development to meet the evolving needs of patients and healthcare providers in the neurovascular field.
Restraints :
- High Cost of Procedures and Devices
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Reimbursement Policies - Reimbursement policies play a crucial role in shaping the Global Neurovascular Stent Retrievers Market, influencing the accessibility and adoption of these devices in neurovascular interventions. As neurovascular procedures, including thrombectomy with stent retrievers, are often complex and costly, reimbursement policies significantly impact the financial viability of these procedures for both healthcare providers and patients.
In many countries, reimbursement for neurovascular stent retrievers is typically provided through public or private health insurance programs. These reimbursement schemes may cover the cost of stent retrievers as well as associated procedural costs, such as hospitalization, physician fees, and imaging studies. However, the specific reimbursement rates and coverage criteria may vary depending on factors such as the patient's diagnosis, procedure indication, and healthcare setting.
Furthermore, reimbursement policies may evolve over time in response to changes in clinical evidence, healthcare economics, and regulatory guidelines. For example, reimbursement may be contingent upon meeting certain clinical criteria, demonstrating procedural efficacy, or utilizing specific devices that have received regulatory approval or reimbursement status.
Overall, favorable reimbursement policies that adequately cover the cost of neurovascular stent retrievers are essential for ensuring patient access to these life-saving interventions and driving market growth. Healthcare stakeholders, including device manufacturers, healthcare providers, and policymakers, play a vital role in advocating for equitable reimbursement policies that support the delivery of high-quality neurovascular care to patients in need.
Opportunity :
- Rising Research Activities
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Focus on Early Stroke Intervention - The Global Neurovascular Stent Retrievers Market is increasingly focusing on early stroke intervention to improve patient outcomes and reduce the burden of stroke-related disabilities. Early intervention is crucial in acute ischemic stroke cases, where prompt removal of blood clots from blocked blood vessels in the brain can prevent further damage and potentially restore blood flow to affected areas. Neurovascular stent retrievers play a critical role in these interventions by enabling thrombectomy, the mechanical removal of blood clots, which has been shown to significantly improve patient outcomes and reduce disability in eligible stroke patients.
Healthcare systems worldwide are prioritizing strategies to streamline stroke care pathways and ensure timely access to neurovascular interventions, including the deployment of stent retrievers. Initiatives such as pre-hospital stroke triage protocols, telestroke networks, and comprehensive stroke centers aim to expedite stroke diagnosis and treatment, thereby minimizing treatment delays and optimizing patient outcomes.
Additionally, advancements in stent retriever technology, including improvements in device design, navigation capabilities, and thrombectomy techniques, are enhancing the efficacy and safety of early stroke interventions. Clinical studies and trials continue to explore novel approaches and refine best practices in early stroke management, driving further innovation and adoption of neurovascular stent retrievers in acute stroke care settings.
By focusing on early stroke intervention and leveraging the capabilities of neurovascular stent retrievers, healthcare providers aim to mitigate the devastating impact of stroke, reduce long-term disability, and improve overall quality of life for stroke patients worldwide.
Competitive Landscape Analysis
Key players in Global Neurovascular Stent Retrievers Market include
- Stryker
- Medtronic Plc
- STI Laser Industries, Ltd
- Norman Noble
- Hobbs Medical IN
- Akron Inc
In this report, the profile of each market player provides following information:
- 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 Product Type
- Market Snapshot, By Material
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global Neurovascular Stent Retrievers Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising Prevalence of Neurovascular Diseases
- Technological Advancements
- Increasing Adoption of Minimally Invasive Procedures
- Restraints
- High Cost of Procedures and Devices
- Reimbursement Policies
- Opportunities
- Rising Research Activities
- Focus on Early Stroke Intervention
- 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
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Neurovascular Stent Retrievers Market, By Product Type, 2021 - 2031 (USD Million)
- Balloon Expanding Stents
- Self-Expanding Stents
- Global Neurovascular Stent Retrievers Market, By Material, 2021 - 2031 (USD Million)
- Metal
- Stainless Steel
- Nitinol
- Polymer
- Global Neurovascular Stent Retrievers Market, By End User, 2021 - 2031 (USD Million)
- Hospitals
- Ambulatory Surgical Centers
- Others
- Global Neurovascular Stent Retrievers 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
- Argentina
- Rest of Latin America
- North America
- Global Neurovascular Stent Retrievers Market, By Product Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Stryker
- Medtronic Plc
- STI Laser Industries, Ltd
- Norman Noble
- Hobbs Medical IN
- Akron Inc
- Company Profiles
- Analyst Views
- Future Outlook of the Market