The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Neurovascular Catheters Global Market Report 2024, the neurovascular catheters market is expected to show significant growth in the forecast period.

The neurovascular catheters market has experienced strong growth in recent years, driven by factors such as increased paperwork in enterprises, improved accuracy and recognition rates, and the rise of banking and financial services. The market, valued at $4.22 billion in 2023, is projected to reach $4.63 billion in 2024, with a compound annual growth rate (CAGR) of 9.6%. This growth is expected to continue in the forecast period, reaching $6.72 billion by 2028, with a CAGR of 9.8%.

Rising Aging Population Driving Market Growth

One of the key drivers of growth in the neurovascular catheters market is the rising aging population. Neurovascular catheters play a crucial role in addressing various neurological conditions that become more prevalent as individuals age. With the global population of individuals aged 60 and older expected to double by 2050, reaching 2.1 billion, the demand for neurovascular catheters is anticipated to rise significantly.

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Technological Innovations Redefining Neurovascular Interventions
Technological innovation is a key trend in the neurovascular catheters market, with major companies introducing new products to strengthen their position. For example, Bendit Technologies introduced Bendit21, a steerable micro catheter for treating symptomatic internal carotid artery aneurysm. This catheter’s three-dimensional clinician-controlled movement enables access to difficult-to-reach vascular sites, simplifying the catheterization process and allowing for speedy and precise results.

Acquisitions Enhancing Market Players’ Capabilities

Acquisitions are also shaping the neurovascular catheters market, with companies acquiring technologies to strengthen their portfolios. For example, VitalPath acquired Modern Catheter Technologies, increasing its manufacturing footprint and capacity for growth in neurovascular and electrophysiology catheters.

Market Segmentation and Regional Outlook

The neurovascular catheters market is segmented by type, application, and end-use. By region, North America was the largest market in 2023, with Asia-Pacific expected to be the fastest-growing region during the forecast period.

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