PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273559
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273559
Neurovascular Catheters Market Forecasts to 2028 - Global Analysis By Type (Thrombectomy Catheters, Microcatheters, Balloon Catheters, Embolization Catheters, Access Catheters and Other Types), Application, End User and By Geography
According to Stratistics MRC, the Global Neurovascular Catheters Market is accounted for $3.3 billion in 2022 and is expected to reach $5.8 billion by 2028 growing at a CAGR of 9.8% during the forecast period. Neurovascular catheters are also useful for delivering neurovascular devices to neurovascular organs, such as the brain. The use of neurovascular catheters in numerous cranial surgeries is a result. The use of neurovascular catheters has gradually increased as a result of a considerable increase in neurological procedures. Additionally, there have been a number of advancements in the treatment of ischemic stroke, including flow-rerouting stents and stent retrievers that are assisting in the catheter industry.
According to the estimations of Centers for Disease Control and Prevention, around 795,000 people in the U.S. suffer from a stroke each year.
Market Dynamics:
Driver:
Rising prevalence of neurovascular disorders
Along with other neurovascular devices, neurovascular catheters are utilised in the treatment of strokes. Consequently, neurovascular catheters are applied in various cranial procedures. There has been a significant rise in the number of neurological procedures gradually increasing the consumption of neurovascular catheters. Also, introduction of advanced catheters with ergonomic designs and improved clinical efficiency is fueling the market growth.
Restraint:
High cost of neurovascular procedures
Despite an increase in the frequency of strokes and haemorrhages as well as a sizable patient population suffering from neurovascular illnesses, there are some limitations that are preventing the widespread use of neurovascular catheters. This is brought on by the procedures' high cost and the unfavourable reimbursement policies. As a result, there are fewer patients receiving therapy and fewer catheters are being used in these nations.
Opportunity:
Shift towards minimally invasive techniques for treatment
The transition from open surgery to minimally invasive surgery has been crucial in the development of sophisticated neurovascular catheters for many uses. The demand for these catheters is rising in both developed and developing nations due to the rising incidence of stroke and the prevalence of neurological illnesses as well as the preference of healthcare providers for less invasive surgeries.
Threat:
Increasing risk of catheter failures
The procedural concerns connected to the use of these catheters provide certain difficulties for the market. One of the main factors restricting the demand for neurovascular catheters in the market is the risk of catheter blockage, coating removal from the catheter, and its biocompatibility with neurovascular organs. Furthermore, strict rules are also preventing the market from expanding.
COVID-19 Impact:
Medical supplies are increasingly in demand as a result of the afflicted population. Among the most common medical devices used in first-line clinical care are respiratory support devices such atomizers, life support machines, oxygen generators, and monitors. Additionally, COVID-19 has caused a significant increase in demand for medical goods such masks, gloves, and protective eyewear. The demand for medical goods is continuously increasing from both healthcare professionals and the general public as a result of an increase in instances around the world.
The microcatheters segment is expected to be the largest during the forecast period
The microcatheters segment is estimated to have a lucrative growth, due to the rising prevalence of acute ischemic stroke. For neurovascular treatments, they are tiny, hollow tubes that are placed into blood vessels. These advanced catheters are made with a variety of features, including a hydrophilic coating, softness, trackability, and stability. The segment's expansion will be fueled in the near future by an increase in the number of growth methods used by major market participants, such as product launches.
The ambulatory surgical centers segment is expected to have the highest CAGR during the forecast period
The ambulatory surgical centers segment is anticipated to witness the fastest CAGR growth during the forecast period, due to shorter procedure time and advancements in minimally invasive surgical techniques. In comparison to hospitals, they provide patients with a number of benefits, including as faster operation times and same-day discharge. Patients can save a lot of money by using them because they can be less expensive than hospitals. These factors have contributed to its rapid growth.
Region with Largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the factors such as rising target disease burden, technological advancements, increasing prevalence of neurological disorders. The increasing incidence of neurovascular illnesses in this region, such as ischemia, brain aneurysms, and arteriovenous malformations, is one reason contributing to this rise. Additionally, the region's growth is being aided by the presence of important players in the area and growing healthcare costs.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the rising awareness about the neurovascular disorders, the increasing focus on minimally invasive surgeries, and high adoption of advanced catheters. The expansion of the regional market is also being considerably aided by greater government activities as well as increasing R&D spending by businesses.
Key players in the market:
Some of the key players profiled in the Neurovascular Catheters Market include: Integra Holdings Corporation, Stryker, Concentric Medical, Inc., Medtronic, Johnson and Johnson company, Zeus Industrial Products, Acandis GmbH, Terumo Corporation, Penumbra, Inc., Biomerics, Creganna Medical, Microvention Inc. and DePuy Synthes.
Key Developments:
In September 2021, Medtronic PLC received CE approval for Rist 079 Radial Access Guide and Rist Radial Access Selective Catheter. It aims to cater the needs of accessing neuro vasculature through the radial artery.
In June 2021, Penumbra received US FDA Clearance for its RED 62 catheters, designed with optimized trackability to help navigate the complex distal vessel anatomy in the brain and deliver powerful aspiration for the removal of blood clots.
Types Covered:
- Thrombectomy Catheters
- Microcatheters
- Balloon Catheters
- Embolization Catheters
- Access Catheters
- Other Types
Applications Covered:
- Ischemic Stroke
- Hemorrhagic Stroke
- Brain Aneurysm
- Stenosis
- Other Applications
End Users Covered:
- Diagnostic Centers
- Ambulatory Surgical Centers
- Hospitals
- Specialty Clinics
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Neurovascular Catheters Market, By Type
- 5.1 Introduction
- 5.2 Thrombectomy Catheters
- 5.3 Microcatheters
- 5.4 Balloon Catheters
- 5.5 Embolization Catheters
- 5.6 Access Catheters
- 5.7 Other Types
6 Global Neurovascular Catheters Market, By Application
- 6.1 Introduction
- 6.2 Ischemic Stroke
- 6.3 Hemorrhagic Stroke
- 6.4 Brain Aneurysm
- 6.5 Stenosis
- 6.6 Other Applications
7 Global Neurovascular Catheters Market, By End User
- 7.1 Introduction
- 7.2 Diagnostic Centers
- 7.3 Ambulatory Surgical Centers
- 7.4 Hospitals
- 7.5 Specialty Clinics
- 7.6 Other End Users
8 Global Neurovascular Catheters Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Integra Holdings Corporation
- 10.2 Stryker
- 10.3 Concentric Medical, Inc.
- 10.4 Medtronic
- 10.5 Johnson and Johnson company
- 10.6 Zeus Industrial Products
- 10.7 Acandis GmbH
- 10.8 Terumo Corporation
- 10.9 Penumbra, Inc.
- 10.10 Biomerics
- 10.11 Creganna Medical
- 10.12 Microvention Inc.
- 10.13 DePuy Synthes
List of Tables
- Table 1 Global Neurovascular Catheters Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Neurovascular Catheters Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Neurovascular Catheters Market Outlook, By Thrombectomy Catheters (2020-2028) ($MN)
- Table 4 Global Neurovascular Catheters Market Outlook, By Microcatheters (2020-2028) ($MN)
- Table 5 Global Neurovascular Catheters Market Outlook, By Balloon Catheters (2020-2028) ($MN)
- Table 6 Global Neurovascular Catheters Market Outlook, By Embolization Catheters (2020-2028) ($MN)
- Table 7 Global Neurovascular Catheters Market Outlook, By Access Catheters (2020-2028) ($MN)
- Table 8 Global Neurovascular Catheters Market Outlook, By Other Types (2020-2028) ($MN)
- Table 9 Global Neurovascular Catheters Market Outlook, By Application (2020-2028) ($MN)
- Table 10 Global Neurovascular Catheters Market Outlook, By Ischemic Stroke (2020-2028) ($MN)
- Table 11 Global Neurovascular Catheters Market Outlook, By Hemorrhagic Stroke (2020-2028) ($MN)
- Table 12 Global Neurovascular Catheters Market Outlook, By Brain Aneurysm (2020-2028) ($MN)
- Table 13 Global Neurovascular Catheters Market Outlook, By Stenosis (2020-2028) ($MN)
- Table 14 Global Neurovascular Catheters Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 15 Global Neurovascular Catheters Market Outlook, By End User (2020-2028) ($MN)
- Table 16 Global Neurovascular Catheters Market Outlook, By Diagnostic Centers (2020-2028) ($MN)
- Table 17 Global Neurovascular Catheters Market Outlook, By Ambulatory Surgical Centers (2020-2028) ($MN)
- Table 18 Global Neurovascular Catheters Market Outlook, By Hospitals (2020-2028) ($MN)
- Table 19 Global Neurovascular Catheters Market Outlook, By Specialty Clinics (2020-2028) ($MN)
- Table 20 Global Neurovascular Catheters Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 21 North America Neurovascular Catheters Market Outlook, By Country (2020-2028) ($MN)
- Table 22 North America Neurovascular Catheters Market Outlook, By Type (2020-2028) ($MN)
- Table 23 North America Neurovascular Catheters Market Outlook, By Thrombectomy Catheters (2020-2028) ($MN)
- Table 24 North America Neurovascular Catheters Market Outlook, By Microcatheters (2020-2028) ($MN)
- Table 25 North America Neurovascular Catheters Market Outlook, By Balloon Catheters (2020-2028) ($MN)
- Table 26 North America Neurovascular Catheters Market Outlook, By Embolization Catheters (2020-2028) ($MN)
- Table 27 North America Neurovascular Catheters Market Outlook, By Access Catheters (2020-2028) ($MN)
- Table 28 North America Neurovascular Catheters Market Outlook, By Other Types (2020-2028) ($MN)
- Table 29 North America Neurovascular Catheters Market Outlook, By Application (2020-2028) ($MN)
- Table 30 North America Neurovascular Catheters Market Outlook, By Ischemic Stroke (2020-2028) ($MN)
- Table 31 North America Neurovascular Catheters Market Outlook, By Hemorrhagic Stroke (2020-2028) ($MN)
- Table 32 North America Neurovascular Catheters Market Outlook, By Brain Aneurysm (2020-2028) ($MN)
- Table 33 North America Neurovascular Catheters Market Outlook, By Stenosis (2020-2028) ($MN)
- Table 34 North America Neurovascular Catheters Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 35 North America Neurovascular Catheters Market Outlook, By End User (2020-2028) ($MN)
- Table 36 North America Neurovascular Catheters Market Outlook, By Diagnostic Centers (2020-2028) ($MN)
- Table 37 North America Neurovascular Catheters Market Outlook, By Ambulatory Surgical Centers (2020-2028) ($MN)
- Table 38 North America Neurovascular Catheters Market Outlook, By Hospitals (2020-2028) ($MN)
- Table 39 North America Neurovascular Catheters Market Outlook, By Specialty Clinics (2020-2028) ($MN)
- Table 40 North America Neurovascular Catheters Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 41 Europe Neurovascular Catheters Market Outlook, By Country (2020-2028) ($MN)
- Table 42 Europe Neurovascular Catheters Market Outlook, By Type (2020-2028) ($MN)
- Table 43 Europe Neurovascular Catheters Market Outlook, By Thrombectomy Catheters (2020-2028) ($MN)
- Table 44 Europe Neurovascular Catheters Market Outlook, By Microcatheters (2020-2028) ($MN)
- Table 45 Europe Neurovascular Catheters Market Outlook, By Balloon Catheters (2020-2028) ($MN)
- Table 46 Europe Neurovascular Catheters Market Outlook, By Embolization Catheters (2020-2028) ($MN)
- Table 47 Europe Neurovascular Catheters Market Outlook, By Access Catheters (2020-2028) ($MN)
- Table 48 Europe Neurovascular Catheters Market Outlook, By Other Types (2020-2028) ($MN)
- Table 49 Europe Neurovascular Catheters Market Outlook, By Application (2020-2028) ($MN)
- Table 50 Europe Neurovascular Catheters Market Outlook, By Ischemic Stroke (2020-2028) ($MN)
- Table 51 Europe Neurovascular Catheters Market Outlook, By Hemorrhagic Stroke (2020-2028) ($MN)
- Table 52 Europe Neurovascular Catheters Market Outlook, By Brain Aneurysm (2020-2028) ($MN)
- Table 53 Europe Neurovascular Catheters Market Outlook, By Stenosis (2020-2028) ($MN)
- Table 54 Europe Neurovascular Catheters Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 55 Europe Neurovascular Catheters Market Outlook, By End User (2020-2028) ($MN)
- Table 56 Europe Neurovascular Catheters Market Outlook, By Diagnostic Centers (2020-2028) ($MN)
- Table 57 Europe Neurovascular Catheters Market Outlook, By Ambulatory Surgical Centers (2020-2028) ($MN)
- Table 58 Europe Neurovascular Catheters Market Outlook, By Hospitals (2020-2028) ($MN)
- Table 59 Europe Neurovascular Catheters Market Outlook, By Specialty Clinics (2020-2028) ($MN)
- Table 60 Europe Neurovascular Catheters Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 61 Asia Pacific Neurovascular Catheters Market Outlook, By Country (2020-2028) ($MN)
- Table 62 Asia Pacific Neurovascular Catheters Market Outlook, By Type (2020-2028) ($MN)
- Table 63 Asia Pacific Neurovascular Catheters Market Outlook, By Thrombectomy Catheters (2020-2028) ($MN)
- Table 64 Asia Pacific Neurovascular Catheters Market Outlook, By Microcatheters (2020-2028) ($MN)
- Table 65 Asia Pacific Neurovascular Catheters Market Outlook, By Balloon Catheters (2020-2028) ($MN)
- Table 66 Asia Pacific Neurovascular Catheters Market Outlook, By Embolization Catheters (2020-2028) ($MN)
- Table 67 Asia Pacific Neurovascular Catheters Market Outlook, By Access Catheters (2020-2028) ($MN)
- Table 68 Asia Pacific Neurovascular Catheters Market Outlook, By Other Types (2020-2028) ($MN)
- Table 69 Asia Pacific Neurovascular Catheters Market Outlook, By Application (2020-2028) ($MN)
- Table 70 Asia Pacific Neurovascular Catheters Market Outlook, By Ischemic Stroke (2020-2028) ($MN)
- Table 71 Asia Pacific Neurovascular Catheters Market Outlook, By Hemorrhagic Stroke (2020-2028) ($MN)
- Table 72 Asia Pacific Neurovascular Catheters Market Outlook, By Brain Aneurysm (2020-2028) ($MN)
- Table 73 Asia Pacific Neurovascular Catheters Market Outlook, By Stenosis (2020-2028) ($MN)
- Table 74 Asia Pacific Neurovascular Catheters Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 75 Asia Pacific Neurovascular Catheters Market Outlook, By End User (2020-2028) ($MN)
- Table 76 Asia Pacific Neurovascular Catheters Market Outlook, By Diagnostic Centers (2020-2028) ($MN)
- Table 77 Asia Pacific Neurovascular Catheters Market Outlook, By Ambulatory Surgical Centers (2020-2028) ($MN)
- Table 78 Asia Pacific Neurovascular Catheters Market Outlook, By Hospitals (2020-2028) ($MN)
- Table 79 Asia Pacific Neurovascular Catheters Market Outlook, By Specialty Clinics (2020-2028) ($MN)
- Table 80 Asia Pacific Neurovascular Catheters Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 81 South America Neurovascular Catheters Market Outlook, By Country (2020-2028) ($MN)
- Table 82 South America Neurovascular Catheters Market Outlook, By Type (2020-2028) ($MN)
- Table 83 South America Neurovascular Catheters Market Outlook, By Thrombectomy Catheters (2020-2028) ($MN)
- Table 84 South America Neurovascular Catheters Market Outlook, By Microcatheters (2020-2028) ($MN)
- Table 85 South America Neurovascular Catheters Market Outlook, By Balloon Catheters (2020-2028) ($MN)
- Table 86 South America Neurovascular Catheters Market Outlook, By Embolization Catheters (2020-2028) ($MN)
- Table 87 South America Neurovascular Catheters Market Outlook, By Access Catheters (2020-2028) ($MN)
- Table 88 South America Neurovascular Catheters Market Outlook, By Other Types (2020-2028) ($MN)
- Table 89 South America Neurovascular Catheters Market Outlook, By Application (2020-2028) ($MN)
- Table 90 South America Neurovascular Catheters Market Outlook, By Ischemic Stroke (2020-2028) ($MN)
- Table 91 South America Neurovascular Catheters Market Outlook, By Hemorrhagic Stroke (2020-2028) ($MN)
- Table 92 South America Neurovascular Catheters Market Outlook, By Brain Aneurysm (2020-2028) ($MN)
- Table 93 South America Neurovascular Catheters Market Outlook, By Stenosis (2020-2028) ($MN)
- Table 94 South America Neurovascular Catheters Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 95 South America Neurovascular Catheters Market Outlook, By End User (2020-2028) ($MN)
- Table 96 South America Neurovascular Catheters Market Outlook, By Diagnostic Centers (2020-2028) ($MN)
- Table 97 South America Neurovascular Catheters Market Outlook, By Ambulatory Surgical Centers (2020-2028) ($MN)
- Table 98 South America Neurovascular Catheters Market Outlook, By Hospitals (2020-2028) ($MN)
- Table 99 South America Neurovascular Catheters Market Outlook, By Specialty Clinics (2020-2028) ($MN)
- Table 100 South America Neurovascular Catheters Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 101 Middle East & Africa Neurovascular Catheters Market Outlook, By Country (2020-2028) ($MN)
- Table 102 Middle East & Africa Neurovascular Catheters Market Outlook, By Type (2020-2028) ($MN)
- Table 103 Middle East & Africa Neurovascular Catheters Market Outlook, By Thrombectomy Catheters (2020-2028) ($MN)
- Table 104 Middle East & Africa Neurovascular Catheters Market Outlook, By Microcatheters (2020-2028) ($MN)
- Table 105 Middle East & Africa Neurovascular Catheters Market Outlook, By Balloon Catheters (2020-2028) ($MN)
- Table 106 Middle East & Africa Neurovascular Catheters Market Outlook, By Embolization Catheters (2020-2028) ($MN)
- Table 107 Middle East & Africa Neurovascular Catheters Market Outlook, By Access Catheters (2020-2028) ($MN)
- Table 108 Middle East & Africa Neurovascular Catheters Market Outlook, By Other Types (2020-2028) ($MN)
- Table 109 Middle East & Africa Neurovascular Catheters Market Outlook, By Application (2020-2028) ($MN)
- Table 110 Middle East & Africa Neurovascular Catheters Market Outlook, By Ischemic Stroke (2020-2028) ($MN)
- Table 111 Middle East & Africa Neurovascular Catheters Market Outlook, By Hemorrhagic Stroke (2020-2028) ($MN)
- Table 112 Middle East & Africa Neurovascular Catheters Market Outlook, By Brain Aneurysm (2020-2028) ($MN)
- Table 113 Middle East & Africa Neurovascular Catheters Market Outlook, By Stenosis (2020-2028) ($MN)
- Table 114 Middle East & Africa Neurovascular Catheters Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 115 Middle East & Africa Neurovascular Catheters Market Outlook, By End User (2020-2028) ($MN)
- Table 116 Middle East & Africa Neurovascular Catheters Market Outlook, By Diagnostic Centers (2020-2028) ($MN)
- Table 117 Middle East & Africa Neurovascular Catheters Market Outlook, By Ambulatory Surgical Centers (2020-2028) ($MN)
- Table 118 Middle East & Africa Neurovascular Catheters Market Outlook, By Hospitals (2020-2028) ($MN)
- Table 119 Middle East & Africa Neurovascular Catheters Market Outlook, By Specialty Clinics (2020-2028) ($MN)
- Table 120 Middle East & Africa Neurovascular Catheters Market Outlook, By Other End Users (2020-2028) ($MN)
