Neurovascular Catheters Market Report 2025

The neurovascular catheters market size has grown strongly in recent years. It will grow from $4.51 billion in 2024 to $4.91 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increased paperwork in enterprises, improved accuracy and recognition rates, rise of banking and financial services, medical records digitization, education sector needs, cost reduction initiatives.

The neurovascular catheters market size is expected to see rapid growth in the next few years. It will grow to $7.46 billion in 2029 at a compound annual growth rate (CAGR) of 11%. The growth in the forecast period can be attributed to regulatory compliance needs, expanding data analytics, cross-industry adoption, enhanced security features, environmental sustainability. Major trends in the forecast period include automated invoice processing, cloud-based OCR solutions, multilingual OCR capabilities, integration with robotic process automation, data extraction and analysis, user-friendly interfaces and integration.

The growth trajectory of the neurovascular catheter market is poised to surge due to the escalating incidence of neurological conditions. These conditions, impacting the brain, nerves, and spinal cord, prompt the use of neurovascular catheters for diagnosis and intervention in neurovascular procedures. Notably, the World Health Organization's 2022 report projects a concerning statistic one in four individuals over 25 may face a stroke in their lifetime, with 13.7 million new cases annually, resulting in 5.5 million deaths. Additionally, hemorrhagic strokes, affecting nearly 15 million globally, contribute significantly to this trend, emphasizing the market's expansion linked to neurological ailments.

The growth of the neurovascular catheter market is anticipated to be driven by the increasing aging population. An aging population signifies a demographic change marked by a growing percentage of elderly individuals in society over time. Neurovascular catheters are essential for addressing various neurological conditions that are more common among older adults. For example, the Population Reference Bureau, a US-based nonprofit organization that specializes in collecting and providing statistics, projected in January 2024 that the number of Americans aged 65 and older will rise from 58 million in 2022 to 82 million by 2050, representing a 47% increase. Furthermore, the proportion of the population aged 65 and older is expected to grow from 17% to 23%. Thus, the increasing aging population is a key factor driving the neurovascular catheter market.

Technological innovation stands as a pivotal trend driving the evolution of the neurovascular catheters market. Market leaders are vigorously innovating to fortify their market position. Notably, Bendit Technologies' introduction of the Bendit21 steerable micro catheter in February 2022 showcases significant advancements. This catheter's three-dimensional clinician-controlled movement and its ability to access intricate vascular sites, simplifying complex catheterization processes, signifies a breakthrough in achieving swift and precise results.

Companies within the neurovascular catheter market focus on the development of balloon guide catheters (BGC). A case in point is EOSolutions Corporation's launch of the 'Dr. Banner balloon guide catheter (BGC)' in May 2023. This innovative device boasts an impressive inner diameter of 0.091, superior distal trackability, a super-compliant polyurethane balloon, and enhanced proximal stability. These features position the BGC as a superior tool for neurovascular procedures, underscoring the market's focus on cutting-edge product development.

In January 2022, VitalPath, a US-based manufacturer of catheters and catheter shafts acquired Modern Catheter Technologies for an undisclosed amount. The acquisition will increase VitalPath's capacity for growth, bringing its entire manufacturing 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 US-based manufacturer of micro catheters used in neurovascular and electrophysiology.

Major companies operating in the neurovascular catheters market include 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 Holdings Inc., Concentric Medical lnc., Raumedic AG, Olympus Corporation, Braun Melsungen AG, Integer Holdings Corporation, Imperative Care Inc., Balt LLC, DePuy Synthes Companies, Creganna-Tactx Medical, Phenox GmbH, Teleflex Incorporated, Microvention Inc., Boston Scientific Corporation, Cook Medical LLC, Cordis Corporation, Merit Medical Systems Inc., NeuroSigma Inc., Rapid Medical Ltd., Surtex Instruments Limited, Vascular Solutions Inc., W. L. Gore & Associates Inc., Abbott Laboratories.

North America was the largest region in the neurovascular catheters market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global neurovascular catheters market during the forecast period. The regions covered in the neurovascular catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the neurovascular catheters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Neurovascular catheters serve as medical devices employed in the treatment of neurological conditions and diseases. They enable access to neurovascular organs and facilitate the delivery of embolic coils and thrombectomy devices. These devices are integral in minimally invasive procedures targeting blood vessel disorders within the brain, eliminating the need for incisions into the skull or brain tissue by manually inserting catheters through the patient's femoral or brachial arteries, guiding them to the brain for treatment.

Key types of neurovascular catheters include micro catheters, balloon catheters, access catheters, and embolization catheters. Micro catheters, with diameters typically ranging from 0.7 to 1.30mm, are utilized in intricate endovascular procedures for guidewire support, navigating complex vasculature, delivering therapeutic embolic materials, injecting contrast media, and performing other minimally invasive operations. These catheters find applications in treating conditions such as embolic stroke, brain aneurysms, arteriovenous malformations, and more. They are used across various healthcare settings including hospitals, clinics, ambulatory surgical centers, and diagnostic facilities.

The neurovascular catheters market research report is one of a series of new reports that provides neurovascular catheters market statistics, including neurovascular catheters industry global market size, regional shares, competitors with a neurovascular catheters market share, detailed neurovascular catheters market segments, market trends and opportunities, and any further data you may need to thrive in the neurovascular catheters industry. This neurovascular catheters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The neurovascular catheters market consists of sales of occlusion catheters, stent delivery catheters, diagnostic catheters, guiding catheters, and distal access catheters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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