Published On:July 18, 2017, 10:24 am
The neurovascular stent retrievers are used to cure ischemic strokes. It employs to restore the flow of blood in veins. Ischemic strokes are caused by blood lumps (clots); these clots create obstacle within blood vessels that supply blood to the brain. There are two cases of ischemic strokes: thrombotic stroke and embolic stroke. A thrombotic stroke takes place when a blood lump (clot) hinders flow of blood in a vein that renders blood to the brain. Ultimately, the clot deposits in an artery and stops the blood flow, inducing a stroke. The other type of ischemic stroke is embolic stroke which happens when a blood lump (clot) that forms somewhere else in the body then breaks and goes to the brain artery via the bloodstream. As per the World Health Organization (WHO) report, 15 million people suffering from stroke every year across the world. The neurovascular stent retriever repairs and re-established the flow of blood by removing the obstacle. The neurovascular stent retriever has two types which are Self-Expanding Stents and Balloon Expanding Stents.
In 2016, the Global Neurovascular Stent Retrievers Market was valued around USD 1.6 billion. It is expected to have significant growth during the forecast period. The compound annual growth rate is expected to be lucratively high during the forecast period of 2017 to 2022. The factors such as, increasing corporate and government funding in research and development field, technological advancements, increasing number of patients undergoing stroke, enhancement in health facilities, rise in healthcare investments are major propelling growth of global neurovascular stent retrievers market. Rising need for modestly invasive surgical treatment procedures and escalating alteration in lifestyle interrelated diseases like obesity which is the chief cause of rising stroke occurrences; are fueling the market industry growth. In coming years owing to wide use of neurovascular stent retrievers for treating of even the most severe cases of stroke with thromboembolic occlusion. Technological advancements and innovations in neurovascular stent retriever technology are further driving the global market. Complexities of neurovascular surgical procedures and necessity of recovery time are the restraining factors for the global neurovascular stent retrievers market.
The key market players of the global neurovascular stent retrievers are Meril Life Science Pvt .Ltd., Nitinol Devices & Components, Inc., STI Laser Industries, Ltd., Akron Inc. Advent Devices Pvt. Ltd, Hobbs Medical IN, Medtronic Plc, Stryker Corporation, and Norman Noble, Inc. According to product types, the market industry is split into; Balloon Expanding Stents and Self-Expanding Stents. By application, the market is classified as; Hospitals, Ambulatory Surgical Centers, Others. Geographically, the global market is segmented into regions which are; Southeast Asia, Middle-East, Asia-Pacific, North America, Europe and Africa.
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