Neurovascular Access Catheters Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented By Product Type (Single Lumen Catheters, Double Lumen Catheters, Multiple Lumen Catheters), Material and Geography.

Market Snapshot

Market Snapshot1
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.9 %

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Market Overview

The Neurovascular Access Catheters Market is expected to register a CAGR of 4.9% during the forecast period. Neurovascular catheters are used to drain or withdraw unwanted fluid from neurovascular organs such as brain, carotid artery, intracranial spaces, etc., to administer medications to the neurovascular organs or to diagnose neurovascular diseases such as brain aneurysms, carotid artery disease, etc. Neurovascular access catheters are used to locate and to insert catheter or medical device and fluid into human body and these catheters are customized, designed and molded into distinct access configurations as per requirement from end use. Neurovascular access catheters are of different types such as single lumen, double lumen and multiple lumen catheters among them multiple lumen is of great importance owing to their enhanced versatility and visualization.

Neurovascular catheter is mainly used for preventing embolic stroke and acts as a guide wire for performing surgical procedure. According to Brain Aneurysm Foundation, approximately 500,000 deaths worldwide each year are caused by brain aneurysms, and half the individuals are younger than 50 years of age. The annual rate of rupture is approximately 8-10 individuals per 100,000, or about 30,000 people in the United States. Increasing prevalence of neurovascular disorders like ischemic stroke, stenosis, brain aneurysm, and other illnesses, investments in research and development, technological advancements in neurovascular catheters are the key driving factors in neurovascular access catheters market.

Scope of the Report

Neurovascular catheters are used to drain or withdraw unwanted fluid from neurovascular organs to administer medications to the neurovascular organs or to diagnose neurovascular diseases. Neurovascular Access Catheters Market is segmented By Product Type, By Material and Geography.

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
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Multiple Lumen Catheters Segment is Expected to Hold a Major Market Share in the Neurovascular Access Catheters Market

Multiple Lumen Catheters provides multiple functions and can serve as inflation ports, fluid-transfer channels, guidewire access points, or even steering lumens and can also be braided or coiled for additional performance. According to Brain Aneurysm Foundation, approximately 500,000 deaths worldwide each year caused by brain aneurysms, and half the individuals are younger than 50 years of age.

Multiple lumen catheters segment hold a significant market share in the neurovascular access catheters market and is anticipated to show similar trend over the forecast period due to enhanced versatility and visualization. Increasing prevalence of neurovascular disorders like ischemic stroke, stenosis, brain aneurysm, and other illnesses and technological advancements in neurovascular catheters are the key driving factors in the multiple lumen catheters segment.

Neurovascular Access Catheters key trend 1

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 hold a major market share in the global neurovascular access catheters market due to increasing prevalence of neurovascular disorders like ischemic stroke, stenosis, brain aneurysm and other illnesses, growing adoption of neurovascular catheters, high diagnostic rate in this region.

As per Brain Aneurysm Foundation, about 6.5 million people in the United States suffer with brain aneurysm, or 1 in 50 people among these women are more likely to suffer with brain aneurysm than men (3:2 ratio). Furthermore, increasing investments in research and development and presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent.

Picture3

Competitive Landscape

The Neurovascular Access Catheters Market is moderately competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Stryker Corporation, Medtronic Plc, DePuy Synthes (Johnson & Johnson), Integer Holdings Corporation, Biomerics, Penumbra, Inc, Zeus Industrial Products, Inc, Imperative Care Inc.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Neurovascular Disorders

      2. 4.2.2 Technological Advancements in Neurovascular Catheters

    3. 4.3 Market Restraints

      1. 4.3.1 Presence of Biocompatibility Issues with Neurovascular Access Catheters

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Single Lumen Catheters

      2. 5.1.2 Double Lumen Catheters

      3. 5.1.3 Multiple Lumen Catheters

    2. 5.2 By Material

      1. 5.2.1 Liquid Crystal Polymer

      2. 5.2.2 Fluorinated Ethylene Propylene

      3. 5.2.3 Other Materials

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Stryker Corporation

      2. 6.1.2 Medtronic Plc

      3. 6.1.3 DePuy Synthes (Johnson & Johnson)

      4. 6.1.4 Integer Holdings Corporation

      5. 6.1.5 Biomerics

      6. 6.1.6 Penumbra, Inc

      7. 6.1.7 Zeus Industrial Products, Inc

      8. 6.1.8 Imperative Care Inc

      9. 6.1.9 ICU Medical, Inc

      10. 6.1.10 Teleflex Incorporated

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Neurovascular Access Catheters Market market is studied from 2018 - 2026.

The Neurovascular Access Catheters Market is growing at a CAGR of 4.9% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Stryker Corporation, Medtronic Plc, DePuy Synthes (Johnson & Johnson), Integer Holdings Corporation, Biomerics are the major companies operating in Neurovascular Access Catheters Market.

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