Australia Neurovascular Devices Market Size & Outlook

The neurovascular devices market in Australia is expected to reach a projected revenue of US$ 259.3 million by 2030. A compound annual growth rate of 7% is expected of Australia neurovascular devices market from 2025 to 2030.
Revenue, 2024 (US$M)
$173.0
Forecast, 2030 (US$M)
$259.3
CAGR, 2025 - 2030
7%
Report Coverage
Australia

Australia neurovascular devices market, 2018-2030 (US$M)

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Australia neurovascular devices market, 2018-2030 (US$M)

Australia neurovascular devices market highlights

  • The Australia neurovascular devices market generated a revenue of USD 173.0 million in 2024 and is expected to reach USD 259.3 million by 2030.
  • The Australia market is expected to grow at a CAGR of 7% from 2025 to 2030.
  • In terms of segment, cerebral embolization and aneurysm coiling devices was the largest revenue generating device types in 2024.
  • Cerebral Embolization and Aneurysm Coiling Devices is the most lucrative device types segment registering the fastest growth during the forecast period.

Neurovascular devices market data book summary

Market revenue in 2024USD 173.0 million
Market revenue in 2030USD 259.3 million
Growth rate7% (CAGR from 2025 to 2030)
Largest segmentCerebral embolization and aneurysm coiling devices
Fastest growing segmentCerebral Embolization and Aneurysm Coiling Devices
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCerebral Embolization and Aneurysm Coiling Devices, Cerebral Angioplasty and Stenting Systems, Neurothrombectomy Devices, Support Devices, Trans Radial Access Devices
Key market players worldwideMedtronic PLC, Johnson & Johnson, Penumbra Inc, MicroPort Scientific Corp, Stryker Corp, Terumo Corp, Integra Lifesciences Holdings Corp

Other key industry trends

  • In terms of revenue, Australia accounted for 2.4% of the global neurovascular devices market in 2024.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, Japan neurovascular devices market is projected to lead the regional market in terms of revenue in 2030.
  • Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 471.0 million by 2030.

Cerebral embolization and aneurysm coiling devices was the largest segment with a revenue share of 39.36% in 2024. Horizon Databook has segmented the Australia neurovascular devices market based on cerebral embolization and aneurysm coiling devices, cerebral angioplasty and stenting systems, neurothrombectomy devices, support devices, trans radial access devices covering the revenue growth of each sub-segment from 2018 to 2030.


Factors promoting market growth over the forecast period. For instance, as per a study published by Stroke Foundation in 2018, stroke is one of the leading causes of death in Australia, and in 2017, there were more than 56,000 recurrent and new stroke cases reported in Australia.

Similarly, as per a report published by Australian Institute of Health and Welfare in 2018, around 8,200 deaths were recorded due to stroke, representing 5.20% of all deaths in Australia in 2016. Such factors are anticipated to positively impact the market growth. 

In addition, as per a report published by Australian Institute of Health and Welfare in 2018, government funding was around two-thirds of all healthcare spending and nongovernment funding was around 33.00%.

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Neurovascular Devices Market Scope

Neurovascular devices market segmentation & scope
Embolic Coils
Flow Diversion Devices
Liquid Embolic Agents
Carotid Artery Stents
Embolic Protection Systems (Distal Filter Devices, Balloon Occlusion Devices)
Clot retrieval Devices
Suction Devices/Aspiration Catheters
Vascular Snares
Micro catheters
Guidewires
Catheters
Guidewires
Sheath
Accessories
Stroke
Cerebral Artery Stenosis
Others
Aneurysmal Subarachnoid Hemorrhage
Others
Hospitals
Specialty Clinics
Others

Neurovascular Devices Market Companies

Name Profile # Employees HQ Website

Australia neurovascular devices market size, by device types, 2018-2030 (US$M)

Australia Neurovascular Devices Market Outlook Share, 2024 & 2030 (US$M)

Australia neurovascular devices market size, by device types, 2018-2030 (US$M)

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