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Premium Report Details
Base Year: 2024
Companies covered: 15
Tables & Figures: 108
Countries covered: 19
Pages: 90
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Neuroendovascular Coil Market
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Neuroendovascular Coil Market Size
The global neuroendovascular coil market size was valued at USD 1 billion in 2024 and is projected to exhibit 6% CAGR from 2025-2034. The growing prevalence of brain aneurysms and ischemic strokes propels the growth of the market. According to the World Health Organization (WHO), stroke is the second most common cause of death worldwide, accounting for about 11% of all deaths. The Centers for Disease Control and Prevention (CDC) states that nearly 795,000 individuals in the U.S. have a stroke annually. The aging population, coupled with increasing risk factors like hypertension, diabetes, and smoking, has contributed to the increased number of cerebral aneurysm diagnoses.
Approximately 6.8 million people in the US have an unruptured brain aneurysm, or 1 out of every 50 people, according to the Brain Aneurysm Foundation. This has driven demand for minimally invasive treatment like neuroendovascular coiling, which spares rupture and reduces neurological injury or risk of death. The rising prevalence of these disorders has resulted in a high demand for treatment solutions for the neuroendovascular field.
The improvements in coil material, design and delivery systems have made endovascular therapy safer, accurate and more effective. Nearly all the new coiling systems received FDA clearance showing how rapidly and significantly the technology is evolving. The coils currently available are more conformable, detachable, and radiopaque, and they can effectively embolize aneurysms, even with challenging vascular anatomy. According to the National Institutes of Health (NIH), endovascular coiling exhibits a lower risk of procedural complications compared to traditional surgical approaches. These technologies have increased physician adoption of endovascular coiling over traditional surgical clipping, indicating the increased confidence in such advanced treatment technologies.
Doctors and patients alike are fond of minimally invasive treatments due to faster recovery times, less risk associated with procedures, and reduced hospital stays. Endovascular treatment for initial treatment of the majority of intracranial aneurysm types is what American Heart Association/American Stroke Association guidelines recommend. Neuroendovascular coiling provides a non-surgical method of aneurysm treatment. Evidence within the National Library of Medicine shows that endovascular coiling-treated patients tend to have shorter in-hospital stays, from 2-4 days compared to 5-10 days for surgical clipping. Shifting of the global healthcare system towards value-based care and better patient results has greatly contributed to increased endovascular coil utilization, demonstrating the medical procedure's compatibility with today's healthcare priorities.
Neuroendovascular Coil Market Trends
Neuroendovascular Coil Market Analysis
Based on type, the market is segmented into bare platinum coils, hydrogel-coated coils, and other types. The bare platinum coils segment dominated the market with the largest revenue share of 52.8% in 2024.
Based on application, the neuroendovascular coil market is segmented into intracranial aneurysms, arteriovenous malformation, and other applications. The intracranial aneurysms segment dominated the market with the largest revenue of USD 760.4 million in 2024.
Based on end use, the neuroendovascular coil market is segmented into hospitals, ambulatory surgical centers, specialty clinics, and academic and research institutes. The hospitals segment dominated the market with a share of 69.1% in 2024.
The North America neuroendovascular coil market was valued at USD 468 million in 2024 and is expected to grow at a CAGR of 5.9% over the forecast period. The market is driven by the increasing incidence of aneurysms across the region.
The U.S. market is projected to grow significantly from USD 427 million in 2024 to USD 752.2 million by 2034.
Europe neuroendovascular coil market was valued at USD 263.9 million in 2024 and is expected to grow at a CAGR of 5.7% over the forecast period.
The neuroendovascular coil market in UK is expected to experience significant and promising growth from 2025 to 2034.
The Asia Pacific neuroendovascular coil market is expected to grow at the fastest CAGR of 6.7% over the forecast period.
Japan neuroendovascular coil market is anticipated to witness lucrative growth between 2025 – 2034.
Brazil neuroendovascular coil market is anticipated to witness lucrative growth between 2025 – 2034.
Middle East and Africa: The Saudi Arabia neuroendovascular coil market is expected to experience significant and promising growth from 2025 to 2034.
Neuroendovascular Coil Market Share
The market has a dynamic mix of international and domestic players providing innovative solutions to meet the growing demand for advanced products for the growing patient population. Companies such as Medtronic, Terumo, Stryker, Penumbra, and Balt are some of the dominant competitors in the market accounting for a combined market share of approximately 75%. Competition in this area arises from continuous technological developments and the ability to offer customized solutions. In developing nations, due to the priority given to cost, multinational companies are squeezed to offer neuroendovascular coils that are both affordable and of quality. Domestic manufacturers take advantage of this demand by providing cost effective alternatives, which make multinationals alter their price strategy while maintaining the safety, ruggedness, and regulatory acceptability of the products.
Neuroendovascular Coil Market Companies
Some of the eminent market participants operating in the neuroendovascular coil industry include:
Neuroendovascular Coil Industry News:
The neuroendovascular coil market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2034 for the following segments:
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By Type
By Application
By End Use
The above information is provided for the following regions and countries: