Global Neurovascular Catheters Market to Proliferate at 6.8% CAGR between 2020 and 2027

October 30 02:53 2020
Global Neurovascular Catheters Market to Proliferate at 6.8% CAGR between 2020 and 2027
GLOBAL NEUROVASCULAR CATHETERS MARKET SIZE STUDY, BY TYPE (MICROCATHETERS, BALLOON CATHETERS, ACCESS CATHETERS, EMBOLIZATION CATHETERS, OTHERS), BY APPLICATION (EMBOLIC STROKE, BRAIN ANEURYSM, ARTERIOVENOUS MALFORMATIONS, OTHERS), BY END-USE (HOSPITALS, CLINICS, OTHERS) AND REGIONAL FORECASTS 2020-2027

Report Ocean has recently published a new research study on the global neurovascular catheters market. According to the study, the market is expected to exhibit strong growth potential over the period from 2020 to 2027. The report is titled “Global Neurovascular Catheters Market Size study, by Type (Microcatheters, Balloon Catheters, Access Catheters, Embolization Catheters, Others), by Application (Embolic Stroke, Brain Aneurysm, Arteriovenous Malformations, Others), by End-Use (Hospitals, Clinics, Others) and Regional Forecasts 2020-2027” and it has been prepared by carrying out an in-depth assessment of this market based on its past and current performance and future prospects.

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The global neurovascular catheters market is gaining significant impetus across the world. The rise in the prevalence of neurological conditions and the increasing cardiovascular surgical procedures among people are adding to the growth of this market, substantially. As per the Brain Aneurysm Foundation, around 500,000 deaths take place worldwide every year due to brain aneurysms, of which almost half the people are younger than 50 years of age. The annual rate of rupture is roughly 8-10 individuals per 100,000 or almost 30,000 people across the US. This, in turn, is expected to strengthen the demand for neurovascular catheters, thereby influencing the market’s growth positively in the coming years. The market was valued at approximately US$2.7 bn in 2019. The report anticipates this market to rise at a CAGR of more than 6.8% over the forecast period of 2020-2027.

Going forward, the rising demand for minimally invasive neurosurgical procedures will support the worldwide market for neurovascular catheters during the period of the forecast. However, the high cost of treatment and the biocompatibility issues with neurovascular catheters may create obstructions in the growth trajectory of this market in the near future.

The research report also presents a regional assessment of the global neurovascular catheters market. As per the study, the market is distributed among Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The leading regional market for neurovascular catheters across the world is North America. The government support and the rising demand for minimally invasive surgical procedures are fuelling the demand for neurovascular catheters in North America. Researchers expect this market to continue to lead over the next few years, thanks to the presence of key market players in this region. Asia Pacific is also projected to witness a high growth rate over the next few years. Factors, such as the rise in the cases of neurological diseases and the increase in the geriatric population in emergent countries, such as India and China, are supporting this regional market.

Impact of Covid 19 on Global Neurovascular Catheters Market

The global neurovascular catheters market has been negatively affected by the Coronavirus pandemic. The focus of investors and pharma and biotech companies has shifted to Covid vaccine, owing to which the investment in advanced wound care research has decreased. Experts suggest that this scenario will remain so over the next few months.

Key Findings:

  • The leading regional market for neurovascular catheters across the world is North America.
  • Asia Pacific is also projected to witness a high growth rate over the next few years.

The global neurovascular catheters market is segmented into:

By Type

  • Microcatheters
  • Balloon Catheters
  • Access Catheters
  • Embolization Catheters
  • Others

By Application

  • Embolic Stroke
  • Brain Aneurysm
  • Arteriovenous Malformations
  • Others

By End-use Industry

  • Hospitals
  • Clinics
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Rest of the World

Companies Mentioned in the Report

  • Medtronic Plc
  • Stryker Corporation
  • Phenox GmbH
  • Penumbra, Inc.
  • Integer Holdings Corporation
  • MicroVention Inc.
  • Integra LifeSciences Corp.
  • Biomerics, LLC
  • Acandis GmbH
  • Spiegelberg GmbH & Co. KG

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