Neurovascular Catheters Market to Grow with a CAGR of 6.58% through 2028
Increasing
adoption of minimally invasive procedures in neurosurgery are expected to drive
the Global Neurovascular Catheters Market growth in the forecast period,
2024-2028.
According to TechSci Research report, “Neurovascular Catheters Market –
Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Neurovascular Catheters Market stood at
USD 2.79 billion in 2022 and is anticipated to grow with a CAGR of 6.58% in the
forecast period, 2024-2028. Neurological conditions, such as ischemic strokes,
aneurysms, and vascular malformations in the brain, are becoming increasingly
prevalent, particularly with the aging global population. As individuals age,
they become more susceptible to neurological disorders, creating a growing
patient pool that requires diagnosis and treatment. Neurovascular catheters
play a pivotal role in addressing these disorders by enabling precise
interventions and therapies, thus driving their demand.
Technological advancements in healthcare and medical devices are another
significant driver contributing to the growth of the neurovascular catheters
market. The development of innovative catheter technologies, such as
microcatheters and neurovascular guidewires with enhanced navigational
capabilities, has revolutionized the field of neurosurgery. These advanced
tools allow healthcare professionals to navigate the intricate vascular
structures of the brain with greater precision, resulting in more effective and
targeted interventions. The continuous evolution of technology in this space is
fostering the creation of cutting-edge neurovascular catheters, attracting both
healthcare providers and patients seeking improved treatment outcomes.
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TOC on "Global Neurovascular Catheters Market.”
The Global Neurovascular Catheters Market is segmented into Type, Application,
End User, Regional Distribution, And Company.
Based
on the Technology, microcatheters emerged as the dominant segment in the global
market for Global Neurovascular Catheters Market in 2022. The continuous
advancements in microcatheter technology, such as improvements in material
composition, design features, and enhanced navigational capabilities, further
contribute to their popularity. These innovations aim to address specific
challenges in neurovascular interventions, such as reaching intricate vascular
structures and ensuring precise delivery of therapeutic agents. The high demand
for microcatheters can be attributed to their versatility and suitability for a
wide range of neurovascular procedures. These catheters are commonly used in
diagnostic angiography, embolization, thrombectomy, and other interventional
procedures for the treatment of conditions such as aneurysms and ischemic
strokes. Their ability to reach deep-seated and complex vascular structures
within the brain contributes to their widespread adoption in various
neurosurgical applications. Furthermore, the rise in the adoption of minimally
invasive procedures in neurosurgery has propelled the demand for
microcatheters. As healthcare providers and patients increasingly prefer less
invasive interventions, microcatheters play a pivotal role in enabling these
procedures.
Based on the Application, Brain Aneurysms emerged as the dominant segment in
the global market for Global Neurovascular Catheters Market in 2022. The
prevalence of brain aneurysms, coupled with advancements in neurovascular
catheter technologies, has led to their extensive use in these critical
interventions. Additionally, the growing awareness about the importance of
early diagnosis and treatment of brain aneurysms has fueled the demand for
neurovascular catheters. Neurovascular catheters are commonly used in
procedures such as endovascular coiling and flow diversion to treat brain
aneurysms. Endovascular coiling involves the insertion of a catheter into the
blood vessels leading to the aneurysm, followed by the placement of a coil to
induce clotting and prevent rupture. Flow diversion is another innovative
technique where a stent-like device is placed across the neck of the aneurysm
to divert blood flow away, promoting the formation of a stable clot.
Based on the End User, Hospitals & Clinics emerged as the dominant segment
in the global market for Global Neurovascular Catheters Market in 2022.
Hospitals are equipped with advanced medical facilities and a multidisciplinary
team of healthcare professionals, making them well-suited for comprehensive
patient care, including neurovascular interventions. The complex nature of
neurosurgical procedures often requires a collaborative approach involving
neurologists, neurosurgeons, interventional radiologists, and other
specialists, all of whom are typically available in hospital settings.
Neurological emergencies, such as ischemic strokes or ruptured aneurysms, often
require immediate and specialized intervention. Hospitals are better equipped
to provide emergency care, ensuring timely access to neurovascular catheter
procedures. Quick response times are crucial in managing acute neurovascular
conditions, and hospitals are designed to handle such emergencies efficiently.
North America emerged as the dominant player in the Global Neurovascular
Catheters Market in 2022, holding the largest market share. North America
boasts a well-developed and advanced healthcare infrastructure, with numerous
leading hospitals, research institutions, and medical centers. This
infrastructure provides a conducive environment for the adoption of
cutting-edge medical technologies, including neurovascular catheters. The
availability of state-of-the-art facilities and equipment facilitates the diagnosis
and treatment of neurological disorders using these specialized devices. The
region has been at the forefront of technological innovations in the healthcare
sector. The continuous development and adoption of advanced medical
technologies, such as high-resolution imaging, real-time navigation systems,
and innovative neurovascular catheter designs, contribute to the region's
leadership in the market. The integration of these technologies enhances the
accuracy and effectiveness of neurovascular interventions.
Major companies operating in Global Neurovascular
Catheters Market are:
- Medtronic Plc
- Stryker Corporation
- Terumo Corporation
- Integer Holdings Corporation
- Penumbra, Inc.
- Johnson & Johnson Inc.
- Integra LifeSciences Corporation
- Acandis GmbH
- Spiegelberg GmbH & Co. KG
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“The global Neurovascular Catheters market is anticipated to experience
significant growth in the coming years. Anticipated advancements in technology,
including the development of innovative catheter designs and enhanced imaging
capabilities, are expected to bolster the market. With an aging global
population and a rising prevalence of neurological disorders, there is an
increasing demand for precise and minimally invasive neurovascular
interventions, driving the adoption of catheter-based procedures. Additionally,
expanding healthcare infrastructure in emerging economies, coupled with growing
awareness about neurovascular conditions, is likely to contribute to market
expansion. Collaborations between industry leaders, research institutions, and
healthcare providers are fostering a climate of continuous innovation.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Neurovascular Catheters Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028 Segmented By Type (Microcatheters, Balloon
Catheters, Access Catheters, Embolization Catheters, Others), By Application
(Cell Embolic Stroke, Brain Aneurysms, Arteriovenous Malformations, Others), By
End User (Hospitals & Clinics, Ambulatory Surgical Centers, Others) Region
and Competition”, has evaluated the future growth potential of Global
Neurovascular Catheters Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global
Neurovascular Catheters Market.
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