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.