DUBLIN, Oct. 19, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/j87v3m/global) has announced the addition of the "Global Neuroendovascular Coil Market 2015-2019" report to their offering.
The global neuroendovascular coil market to grow at a CAGR of 8.26% over the period 2014-2019.
Global Neuroendovascular Coil Market 2015-2019, has been prepared based on in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors.
The increased awareness of neurological coils for severe ICAD, acute ischemic stroke, cerebral aneurysms, and other diseases related to the brain among the medical fraternity has led to an increase in their adoption. Therefore, the market has stepped up the pace of the development of innovative products such as flow catheters that guide the neuroendovascular coils and conform to the aneurysm shape.
According to the report, 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. The minimally invasive nature of these procedures reduces the hospitalization costs, which is expected to increase the demand for these procedures and contribute to the market growth.
Further, the report states that regulatory authorities have imposed a stringent regulatory framework and labeling requirement for medical devices, especially devices used for cardiovascular and neurovascular surgeries. These devices are always considered high-risk and undergo safety examination to demonstrate medical efficacy before they are granted approval.
Key Vendors
Other Prominent Vendors
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SOURCE Research and Markets
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