India Neurovascular Devices Market Size & Outlook, 2025-2033
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India neurovascular devices market highlights
- The India neurovascular devices market generated a revenue of USD 203.3 million in 2024 and is expected to reach USD 369.9 million by 2033.
- The India market is expected to grow at a CAGR of 6.8% from 2025 to 2033.
- In terms of segment, cerebral embolization and aneurysm coiling devices was the largest revenue generating device type in 2024.
- Cerebral Embolization and Aneurysm Coiling Devices is the most lucrative device type segment registering the fastest growth during the forecast period.
Neurovascular devices market data book summary
| Market revenue in 2024 | USD 203.3 million |
| Market revenue in 2033 | USD 369.9 million |
| Growth rate | 6.8% (CAGR from 2025 to 2033) |
| Largest segment | Cerebral embolization and aneurysm coiling devices |
| Fastest growing segment | Cerebral Embolization and Aneurysm Coiling Devices |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cerebral Embolization and Aneurysm Coiling Devices, Cerebral Angioplasty and Stenting Systems, Neurothrombectomy Devices, Support Devices, Trans Radial Access Devices |
| Key market players worldwide | Medtronic PLC, Johnson & Johnson, Penumbra Inc, MicroPort Scientific Corp, Stryker Corp, Terumo Corp, Integra Lifesciences Holdings Corp, Acandis GmbH, Spiegelberg, Zylox |
Other key industry trends
- In terms of revenue, India accounted for 2.8% of the global neurovascular devices market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, Japan neurovascular devices market is projected to lead the regional market in terms of revenue in 2033.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 568.5 million by 2033.
Cerebral embolization and aneurysm coiling devices was the largest segment with a revenue share of 43.93% in 2024. Horizon Databook has segmented the India 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 2021 to 2033.
Increasing initiatives regarding treatment of acute ischemic stroke and presence of several local players in the market are some of the major factors contributing to the market growth.
For instance, Indian Stroke Association and Bangalore Neurological Society organized the Indian National Stroke Conference from 20th March 2020 to 22nd March 2020 in Bangalore, India, with an aim to create awareness regarding the treatment of acute ischemic stroke.
Such initiatives are expected to positively impact the market. However, low adoption of technologically advanced products and stagnant healthcare expenditure in the country are expected to restrict entry of many new & key players into the market, thereby restraining market growth over the forecast period.
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Neurovascular Devices Market Scope
Neurovascular Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Zylox | View profile | 501-1000 | Hangzhou, Zhejiang, China, Asia | http://www.zyloxmedical.com/ |
| Acandis GmbH | View profile | 251-500 | Pforzheim, Baden-Wurttemberg, Germany, Europe | https://www.acandis.com/start-1-en |
| Spiegelberg | View profile | 11-50 | Hamburg, Hamburg, Germany, Europe | https://www.spiegelberg.de/en/ |
| Penumbra Inc | View profile | 4200 | One Penumbra Place, Alameda, CA, United States, 94502 | https://www.penumbrainc.com |
| MicroPort Scientific Corp | View profile | 8230 | 1601 Zhangdong Road, Zhangjiang Hi-Tech Park, Shanghai, China, People's Republic of, 201203 | https://www.microport.com |
| Terumo Corp | View profile | 30207 | 2-44-1 Hatagaya, Shibuya-ku, Tokyo, Japan, 151-0072 | https://www.terumo.com |
| Integra Lifesciences Holdings Corp | View profile | 3946 | 1100 Campus Road, Princeton, NJ, United States, 08540 | https://www.integralife.com |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
India neurovascular devices market size, by device type, 2021-2033 (US$M)
India Neurovascular Devices Market Outlook Share, 2024 & 2033 (US$M)
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