The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s neurovascular catheters market report forecasts the neurovascular catheters market size to grow to $6.06 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

Learn More On The Neurovascular Catheters Market Report 2023 – https://www.thebusinessresearchcompany.com/report/neurovascular-catheters-global-market-report

Neurovascular Catheters Market Size Forecast
The global neurovascular catheters market is expected to grow from $3.85 billion in 2022 to $4.22 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global neurovascular catheters market size is expected to reach $6.06 billion in 2027 at a CAGR of 9.4%.

North America held the largest neurovascular catheters market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Neurovascular Catheters Market Driver ­– Rise In The Incidence Of Neurological Conditions
As reported by the World Health Organisation, a Switzerland-based organisation for public health, one in every four people over the age of 25 is expected to have a stroke during their lifetime, while 13.7 million people are estimated to have their first stroke each year, with 5.5 million of them dying as a result. Furthermore, hemorrhagic stroke affects roughly 15 million people worldwide, a disorder in which a damaged blood vessel causes bleeding inside the brain. As a result, the increased prevalence of neurological diseases promotes the growth of the neurovascular catheters market.

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Key Neurovascular Catheters Market Trend – Technological Innovation
Major players in the neurovascular catheters market are developing new products to increase their market position. Bendit Technologies, an Israel-based manufacturer of novel catheters, for example, introduced Bendit21, a steerable micro catheter for treating symptomatic internal carotid artery aneurysm, in February 2022. The Bendit21 steerable micro catheter’s three-dimensional clinician-controlled movement and independent control of catheter tip deflection allow access to difficult-to-reach vascular locations such as the coronary, peripheral, and neurovasculature. Furthermore, it condenses the complex catheterization procedure into a single step, providing for quick and exact outcomes.

Neurovascular Catheters Market Segment
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

Neurovascular Catheters Market Major Players and Strategies
Major players in the neurovascular catheters market 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, Concentric Medical, Raumedic AG, Olympus Corporation, and Braun Melsungen AG.

VitalPath, a US-based maker of catheters and catheter shafts, paid an unknown sum for Modern Catheter Technologies in January 2022. The acquisition expands VitalPath’s production footprint to more than 80,000 square feet, including 35,000 square feet of ISO 7 and 8 cleanroom space. Modern Catheter Technologies is a maker of micro catheters for neurovascular and electrophysiological applications situated in the United States.

The Neurovascular Catheters Global Market Report 2023 covers regional data on neurovascular catheters market size, neurovascular catheters market trends and drivers, opportunities, strategies, and neurovascular catheters market competitor analysis. The countries covered in the neurovascular catheters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Neurovascular catheters are medical devices that provide access to neurovascular organs as well as the delivery of embolic coils and thrombectomy devices to treat neurological disorders and diseases. They are used in minimally invasive therapies to treat blood vessel abnormalities in the brain, in which catheters are manually placed into the patient’s femoral or brachial arteries and guided to the brain, eliminating the need for cutting into the patient’s skull and brain tissue.

View More Reports Related To The Neurovascular Catheters Market –
Catheters Global Market Report 2023
Neurology Devices Global Market Report 2023
Vascular Grafts Global Market Report 2023

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