Overview and Scope
Neurovascular catheters are medical devices used to treat neurological issues and diseases by providing access to neurovascular organs and the delivery of embolic coils and thrombectomy devices. They are used in minimally invasive therapies to treat blood vessel disorders in the brain, where catheters are manually inserted into the patient’s femoral or brachial arteries and guided to the brain to provide treatment that eliminates cutting into the patient’s skull and brain tissue.
Sizing and Forecast
The neurovascular catheters market size has grown strongly in recent years. It will grow from $4.22 billion in 2023 to $4.63 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to increased paperwork in enterprises, improved accuracy and recognition rates, rise of banking and financial services, medical records digitization, education sector needs, cost reduction initiatives..
The neurovascular catheters market size is expected to see strong growth in the next few years. It will grow to $6.72 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to regulatory compliance needs, expanding data analytics, cross-industry adoption, enhanced security features, environmental sustainability.. Major trends in the forecast period include automated invoice processing, cloud-based ocr solutions, multilingual ocr capabilities, integration with robotic process automation, data extraction and analysis, user-friendly interfaces and integration..
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Segmentation & Regional Insights
The neurovascular catheters market covered in this report is segmented –
1) By Type: Micro catheters, Balloon Catheters, Access Catheters, Embolization Catheters, Other Types
2) By Application: Embolic Stroke, Brain Aneurysm, Arteriovenous Malformations, Other Applications
3) By End-Use: Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Centers
North America was the largest region in the neurovascular catheters market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global neurovascular catheters market during the forecast period. The regions covered in the neurovascular catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rise in the incidence of neurological conditions is expected to propel the growth of the neurovascular catheter market going forward. Neurological problems are diseases that affect the brain as well as the nerves throughout the body and the spinal cord. Neurovascular catheters are used to diagnose and treat neurological conditions through interventions in the brain and intracranial areas during neurovascular procedures, such as neurovascular organs. For instance, according to the report published by the World Health Organization in 2022, a Switzerland-based organization for public health, one in every four people over the age of 25 is anticipated to have a stroke during their lifetime, whereas every year, 13.7 million people are estimated to have their first stroke, with 5.5 million of them dying as a result. Furthermore, nearly 15 million people worldwide are affected by haemorrhagic stroke, a condition in which a ruptured blood vessel causes bleeding inside the brain. Therefore, the rise in the incidence of neurological conditions drives the growth of the neurovascular catheter market.
Key Industry Players
Major companies operating in the neurovascular catheters market report are Medtronic plc, Stryker Corporation, Integra Life Sciences Holdings Corporation, Penumbra Inc., Johnson & Johnson, Terumo Corporation, Acandis GmbH, Biomerics LLC, Zeus Industrial Products Inc., Spiegelberg GmbH & Co. KG, Zimmer Biomet Holdings Inc., Concentric Medical lnc., Raumedic AG, Olympus Corporation, Braun Melsungen AG, Integer Holdings Corporation, Imperative Care Inc., Balt LLC, DePuy Synthes Companies, Creganna-Tactx Medical, Phenox GmbH, Teleflex Incorporated, Microvention Inc., Boston Scientific Corporation, Cook Medical LLC, Cordis Corporation, Merit Medical Systems Inc., NeuroSigma Inc., Rapid Medical Ltd., Surtex Instruments Limited, Vascular Solutions Inc., W. L. Gore & Associates Inc., Abbott Laboratories
The neurovascular catheters market report table of contents includes:
1. Executive Summary
2. Neurovascular Catheters Market Characteristics
3. Neurovascular Catheters Market Trends And Strategies
4. Neurovascular Catheters Market – Macro Economic Scenario
5. Global Neurovascular Catheters Market Size and Growth
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31. Global Neurovascular Catheters Market Competitive Benchmarking
32. Global Neurovascular Catheters Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Neurovascular Catheters Market
34. Neurovascular Catheters Market Future Outlook and Potential Analysis
35. Appendix
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