Neurovascular Catheters Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

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Neurovascular Catheters Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Status : February, 2023 | Medical Devices

Report Digest

Neurovascular Catheters Market: How Demand in Target Populations Shaped Evolution Contours?

Endovascular processes particularly neuroendovascular interventions are becoming increasingly common in the treatment of cardiovascular disease and wide range of intracranial vascular lesions. Advancements in the catheter guide technology have helped advance endovascular treatment, and have driven the growth of the neurovascular catheters market. The technology has been successful used for the treatment of intracranial vascular lesions.

The growing adoption for a number of distal access guide/support catheters has shaped the sales in the neurovascular catheters market. These have been used to navigate through vascular tortuosity and proximal artery tortuosity, thereby benefitting patient populations. Research on the safety and efficacy of distal access catheters have enriched the marketspace. Some of the key product types are embolization catheters and microcatheters, and the some of the most common disease indications for the use of neurovascular catheters are brain aneurysm, embolic stroke, and large vessel occlusion-related strokes.

Neurovascular Catheters Market: Current Prospects, Promising Avenues, and Imminent Investment Pockets

Growing global burden of cardiovascular diseases (CVD) and the morbidity is a key driver for advances in the neurovascular catheters market. CVD has been associated as one the leading causes of death globally. The epidemiology has spurred the attention toward adopting endovascular interventions in the healthcare industry.

Advances in intracranial support catheters notably in relation to the materials used have improved the clinical outcomes of neuroendovascular interventions. Focus on flexibility and trackability have led manufacturers adopt new approaches in device development, proving useful for treating many intracranial vascular lesions.

The thriving demand for minimally invasive endovascular image-guided interventions in ischemic stroke treatment has enriched the sales avenues in the neurovascular catheters market. The growing market has brought to the forefront neurovascular complications of the upper extremity after the procedures in certain patient cohorts. This is driving research for newer guide catheters particularly for complex microcatheter work. The demand for safe procedures will continue to drive research in guide catheters utilize support systems.

Neurovascular Catheters Market: Competitive Dynamics

Focus on distal access guide catheter safety and efficacy has influenced the recent research directions of key medical device manufacturers in the neurovascular catheters market. Manufacturers have emphasized on reducing guide catheter-related complications and developing products that evaluate a number parameters such as vessel tortuosity.

Medical device manufacturers aiming for stronghold in the neurovascular catheters market are expanding their product portfolio. Of note, they are developing catheter technology that can be tested on patient-specific 3D printed phantoms as a part of treatment planning. Top players are leaning on targeting the unmet need in patient population in challenging anatomical morphology. The approach has been useful in endovascular image guided interventions.

A few manufacturers have also incorporated advanced distal actuation technologies. Various players are keenly working strengthening their value chain across raw material suppliers to distributors, so as to accelerate the pace of commercialization of cutting-edge technology in neurovascular catheters market.

Some of the key players in the neurovascular catheters market are Spiegelberg GmbH & Co. KG., Biomerics, Integra LifeSciences Corporation, Terumo Corporation, Integer Holdings Corporation, Penumbra, Inc., Stryker, and Medtronic.

Which Key Regions Contribute to Growth of Neurovascular Catheters Market

North America has been a highly lucrative market for neurovascular catheters market. Continuous advancements have been made in vascular and neurovascular embolization devices under the guidance of FDA. Another factor cementing the revenue potential in the North America neurovascular catheters market is the rising number of neurointerventional cases, which has motivated healthcare facilities to adopt advanced endovascular devices. A

 range of neurointerventional procedures are under the scanner for their complications and growing number of studies involving the currently available catheter guide technology have enriched the landscape of North America neurovascular catheters market. Growing expertise of interventionalists has propelled the demand for catheters in variety of neuroendovascular procedure.

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