Press release
Neurovascular Catheters Global Market Analysis, Trends, Growth, Research And Forecast 2033
The new report published by The Business Research Company, titled Neurovascular Catheters Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, 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 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%.
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Surge In Incidence Of Neurological Conditions Drives The Neurovascular Catheters 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.
Innovative Catheters Redefining The Landscape Of Neurovascular Interventions
Technological innovation is a key trend gaining popularity in the neurovascular catheters market. Major companies operating in the neurovascular catheters market are innovating new products to strengthen their position in the market. For instance, in February 2022, Bendit Technologies, an Israel-based manufacturer innovative catheters introduced Bendit21, steerable micro catheter for treating symptomatic internal carotid artery aneurysm. The Bendit21 steerable micro catheter's three-dimensional clinician-controlled movement and independent control of catheter tip deflection are intended to enable access to difficult-to-reach vascular sites such as coronary, peripheral, and neurovasculature. Additionally, it simplifies the difficult catheterization process into a single step, allowing for speedy and precise results.
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
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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
Contents of the report:
1. Executive Summary
2. Neurovascular Catheters Market Report Structure
3. Neurovascular Catheters Market Trends And Strategies
4. Neurovascular Catheters Market - Macro Economic Scenario
5. Neurovascular Catheters Market Size And Growth
…..
27. Neurovascular Catheters Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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