Over the forecast period, market expansion is anticipated to be driven by increasing technological development in the interventional neurology sector and product approval granted to major companies for innovative devices by regulatory agencies. Illustration of the health technology business Koninkliijke Philips N. V. announced in May 2022 that its MR 7700 imaging system has been given the U.S Food and Drug Administration 510 (k) certification. The MR 7700 aids in extremely effective radiology workflows and first time right scans by providing easy access to all imaging methods via single simple, user friendly interface. To effectively identify and describe lesions, clinical neurology and neuroscience need high-resolution pictures that radiologists produce.
The market for Interventional Neurology is expected to reach US$ 2,450.6 million in 2022 and grow at a CAGR of 5.3% during the following five years (2022-2030).
Leading companies in the Interventional Neurology Industry:
1. Penumbra, Inc.
Penumbra, Inc. is a medical device company that manufactures products for neurovascular and peripheral vascular industries. In the year 2004 Penumbra, Inc. was established and is headquartered in Alameda, California. Penumbra, Inc. has launched its latest REAL Y-series in November 2022.It employs the whole body picture, it is the first non-tethered virtual reality rehabilitation platform.
2. Medtronic
Medtronic is a global healthcare technology leader which broadly deals in challenging healthcare problems with innovation that can transform. It has headquartered in Minneapolis, MN and serves across 150 countries.
3. Stryker
Stryker is one of the leading medical technology company started in 1941 by Dr. Stryker. The presence of company is in 75 plus countries worldwide. Its headquarters are located in Kalamazoo, MI. Stryker launched Citrefix™ a suture anchor system for foot and ankle surgical procedures in December 2022.
4. Terumo Corporation
Terumo Corporation was founded in 1921 by several scientists and doctors, including Dr. Shibasaburo Kitasato. It has headquarters in Somerset, New Jersey and has presence in 160 plus countries. Terumo Corporation G-Lasta subcutaneous injection to decrease the incidence of febrile neutropenia.
5. Johnson & Johnson Services, Inc.
Johnson & Johnson Services, Inc.is the largest and most broadly based healthcare company as it is present in more than 60 countries. It has headquarters in New Brunswick, NJ.
6. Boston Scientific Corporation
Boston Scientific is a global medical technology leader in providing high performance solutions. It is operational in 40 plus countries across 6 continents and has headquarters in Marlborough, MA.
7. MicroPort Scientific Corporation
MicroPort Scientific Corporation was founded in year 1998. The headquarters of Microport Scientific Corporation is present in Shanghai, China.
8. Merit Medical Systems
Merit Medical Systems founded in 1987. It has more than 17 facilities worldwide and leading manufacturer of medical devices. Headquarter is present in South Jordan, USA.
9. W. L. Gore & Associates
Founders Bill and Vieve Gore started W. L. Gore & Associates in the basement of their home in 1958. Gore has offices in more than 25 countries. It has headquarters in Newark, Delaware.
10. Abbott
Abbott is a global healthcare leader in medical products and devices manufacturing. It serves people in more than 160 countries. Abbott was established in 1888. Abbott launched its Navitor its latest generation transcatheter aortic valve implantation (TAVI) system to treat Aortic Stenosis in India.
*Definition- Interventional Neurology uses radiography and catheters to detect and treat diseases of the central nervous system with coil embolectomy, stenting, and others.
