Neurovascular Access Catheters Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 4.90 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Neurovascular Access Catheters Market Analysis
During the time frame of the forecast, the neurovascular access catheters market is expected to grow at a CAGR of 4.9%.
COVID-19 had a big effect on the market for neurovascular access catheters because many neurovascular surgeries had to be put off or stopped during the first wave of the pandemic. For example, a February 2021 article in PubMed says that coronavirus affects neurological presentations and health status because neurological patients need to stay in the hospital more often and have a higher risk of death and disability when they get out.Due to the global lockdown, it was hard for patients with neurological problems to get regular checks and treatment, which had a big effect on the market studied.But now that the restrictions have been lifted, the market is likely to grow because neurovascular problems are becoming more common and more people are using neurovascular access catheters.
Market growth is likely to be driven by things like the rise of neurovascular diseases and the improvement of neurovascular catheter technology.For example, according to an article in Frontiers from March 2022, the estimated global incidence of subarachnoid hemorrhage (SAH) is 6.67 per 100,000 people. Each year, SAH affects nearly 500,000 people, and nearly two-thirds of these people live in low- and middle-income countries.Furthermore, technological advances in neurovascular access catheters are expected to drive market growth over the forecast period. For instance, in February 2022, CERENOVUS, an emerging company that focuses on neurovascular care and is part of the Johnson & Johnson Medical Device Companies, launched the EMBOGUARD, a next-generation balloon guide catheter to be used in endovascular procedures, including those for patients with acute ischemic stroke.
Also, research studies and comparisons of the different neurovascular access catheters should help the market grow during the study period. For example, a September 2022 article in PubMed said that a 0.096-inch inner diameter access catheter could be used for neurovascular treatments through both the femoral artery and the radial artery. It had a good rate of technical success and a low rate of problems during the procedure.
So, the studied market is likely to grow over the next few years because neurovascular complications are getting worse, more neurovascular access catheter products are coming out, and more research and development is being done. But problems with biocompatibility are likely to slow market growth for neurovascular access catheters.
Neurovascular Access Catheters Market Trends
This section covers the major market trends shaping the Neurovascular Access Catheters Market according to our research experts:
Multiple Lumen Catheters Segment is Expected to Hold a Notable Market Share in the Neurovascular Access Catheters Market Over the Forecast Period
A multi-lumen catheter is a single catheter that has multiple internal channels (called lumens). Each lumen can be connected to a distinct intravenous infusion, and the fluid will normally emerge at a slightly different place along the catheter. The multi-lumen catheter market is expected to expand during the forecast period due to factors such as the rising prevalence of neurovascular disorders such as ischemic stroke, stenosis, brain aneurysm, and other illnesses, as well as technological advancements in neurovascular catheters. For instance, as per the Global Stroke Fact Sheet 2022, 12,224,551 cases of ischemic stroke were reported in 2022 across the globe. As per the same source, there are over 12.2 million new strokes each year. Globally, one in four people over age 25 will have a stroke in their lifetime. Hence, the rise in cases of ischemic stroke is anticipated, utilizing the multi-lumen catheter for the treatment and thereby promoting the market growth.
Additionally, an increase in product launches, strategic collaborations, and partnerships by the major players is expected to promote market growth. For example, Zeus Industrial Products added PTFE Sub-Lite-Wall multi-lumen tubing to its line of products in February 2022.It has ultrathin walls, is certified USP Class VI biocompatible, has high structural integrity, improved planarity, high lubricity, and excellent dielectric strength.
Thus, due to the rise in neurovascular complications, increase in multi-lumen catheter product launches, and increase in research and development, the studied segment is anticipated to witness growth over the forecast period.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to have a large share of the global market for neurovascular access catheters. This is because neurovascular disorders like ischemic stroke, stenosis, brain aneurysms, and other illnesses are becoming more common, neurovascular catheters are becoming more popular, and the rate of diagnosis is high in this region.
As per the Brain Aneurysm Foundation's 2023 update, an estimated 6.7 million people in the United States have an unruptured brain aneurysm, or 1 in 50 people. About 30,000 people in the United States suffer a brain aneurysm rupture each year. A brain aneurysm ruptures every 18 minutes. Hence, the high prevalence of brain aneurysms is likely to increase the adoption of neurovascular access catheters and thereby boost market growth. Furthermore, increasing product launches and the presence of a well-established healthcare infrastructure are also fueling the growth of the overall regional market to a large extent. For instance, in August 2022, Vena Medical, a developer of neurovascular devices, publicized the successful treatment of the first five patients in the world using the Vena BDAC at the London Health Sciences Centre (LHSC), the University Hospital, and The Ottawa Hospital (TOH). Canada is the first to benefit from the Vena BDAC technology developed right in the patient's backyard for those requiring mechanical thrombectomy during ischemic stroke treatment. Thrombectomy, a minimally invasive procedure to remove a blood clot, is now the standard of care treatment for patients with an acute ischemic stroke (AIS) secondary to a large vessel occlusion.
North America is expected to grow over the next few years because neurovascular diseases are becoming more common, more neurovascular access catheter products are coming out, and more research and development is being done.
Neurovascular Access Catheters Industry Overview
The neurovascular access catheters market is moderately competitive and consists of several major players. In terms of market share, a few of the major players are currently dominating the market. Stryker Corporation, Medtronic Plc, Johnson & Johnson, Integer Holdings Corporation, Biomerics, Penumbra, Inc, Zeus Industrial Products, Inc, and Imperative Care Inc are some of the market leaders.
Neurovascular Access Catheters Market Leaders
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Stryker Corporation
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Medtronic Plc
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Integer Holdings Corporation
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Biomerics
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Johnson & Johnson
*Disclaimer: Major Players sorted in no particular order
Neurovascular Access Catheters Market News
- October 2022: iVascular expanded its neurovascular pipeline for ischemic stroke with European approvals. The company achieved the CE Mark for the iNdeep microcatheter; the iNedit balloon distal access catheter; the iNtercept retriever device; and the iNstroke 4- and 6-F aspiration catheter.
- April 2022: MicroPort NeuroTech Limited received marketing approval issued by China's National Medical Products Administration (NMPA) for its independently-developed X-track Intracranial Distal Access Catheter (X-track).
Neurovascular Access Catheters Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Prevalence of Neurovascular Disorders
- 4.2.2 Technological Advancements in Neurovascular Catheters
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4.3 Market Restraints
- 4.3.1 Presence of Biocompatibility Issues with Neurovascular Access Catheters
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
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5.1 By Product Type
- 5.1.1 Single Lumen Catheters
- 5.1.2 Double Lumen Catheters
- 5.1.3 Multiple Lumen Catheters
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5.2 By Material
- 5.2.1 Liquid Crystal Polymer
- 5.2.2 Fluorinated Ethylene Propylene
- 5.2.3 Other Materials
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 South Korea
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 Middle East and Africa
- 5.3.4.1 GCC
- 5.3.4.2 South Africa
- 5.3.4.3 Rest of Middle East and Africa
- 5.3.5 South America
- 5.3.5.1 Brazil
- 5.3.5.2 Argentina
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Stryker Corporation
- 6.1.2 Medtronic Plc
- 6.1.3 Johnson & Johnson
- 6.1.4 Integer Holdings Corporation
- 6.1.5 Biomerics
- 6.1.6 Penumbra, Inc
- 6.1.7 Zeus Industrial Products, Inc
- 6.1.8 Imperative Care Inc
- 6.1.9 ICU Medical, Inc
- 6.1.10 Teleflex Incorporated
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityNeurovascular Access Catheters Industry Segmentation
As per the scope of the report, neurovascular catheters are used to drain or withdraw unwanted fluid from neurovascular organs to administer medications to the organs or diagnose neurovascular diseases. The Neurovascular Access Catheters Market is Segmented by Product Type (Single Lumen Catheters, Double Lumen Catheters, Multiple Lumen Catheters), Material (Liquid Crystal Polymer, Fluorinated Ethylene Propylene, Other Materials), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.
| By Product Type | Single Lumen Catheters | |
| Double Lumen Catheters | ||
| Multiple Lumen Catheters | ||
| By Material | Liquid Crystal Polymer | |
| Fluorinated Ethylene Propylene | ||
| Other Materials | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Neurovascular Access Catheters Market Research FAQs
What is the current Neurovascular Access Catheters Market size?
The Neurovascular Access Catheters Market is projected to register a CAGR of 4.90% during the forecast period (2024-2029)
Who are the key players in Neurovascular Access Catheters Market?
Stryker Corporation, Medtronic Plc, Integer Holdings Corporation, Biomerics and Johnson & Johnson are the major companies operating in the Neurovascular Access Catheters Market.
Which is the fastest growing region in Neurovascular Access Catheters Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Neurovascular Access Catheters Market?
In 2024, the North America accounts for the largest market share in Neurovascular Access Catheters Market.
What years does this Neurovascular Access Catheters Market cover?
The report covers the Neurovascular Access Catheters Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Neurovascular Access Catheters Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Neurovascular Access Catheters Industry Report
Statistics for the 2024 Neurovascular Access Catheters market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Neurovascular Access Catheters analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
