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Allied Market Research

Neurovascular catheters Market: Global Opportunity Analysis and Industry Forecast 2020–2027

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Aug 2021 | 179 Views
   
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COVID-19

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Catheters are a medical device that has a structure like a tube and is slide in the cavity of the body for therapeutic or diagnostic segments. By utilizing the neurovascular catheters unwanted fluids can be drawn from the neurovascular organs like the carotid artery, brain, and intracranial spaces which help in the medications administrations of the organs along with the diagnosis of the neurovascular diseases like carotid artery disease and brain aneurysms.

Neurovascular catheters Market

Neurovascular catheters also help in carrying the neurovascular devices to the neurovascular organs, brain for instance. Consequently, neurovascular catheters are applied in various cranial procedures. There has been a significant rise in the number of neurological procedures gradually increasing the consumption of neurovascular catheters. Additionally, there have been various innovations for the treatments of ischemic stroke that include the flow diverting stents and stent retrievers which are helping the production of catheters as well.

Market scope and structure analysis:

Report Metric

Details

Market size available for years

  2019–2027

Base year considered

  2019

Forecast period

  2020–2027

Forecast units

  Value (USD)

Segments covered

Type, Application, End User and Region

Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa.

Companies covered

Major players analyzed include Stryker, Medtronic (a Johnson and Johnson company), Integer Holdings Corporation, DePuy Synthes (a Johnson and Johnson company), Integra Life Sciences Corporation, Biomerics, Zeus Industrial Products, Inc., RAUMEDIC AG, and Concentric Medical, Inc..

 

COVID-19 scenario analysis:

To take care of the infected population the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With a rise in the number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil populations for precautionary measures. Manufacturers of these products have a chance to capitalize on this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market.

Owing to such factors, COVID 19 is expected to have a significant impact on the Neurovascular catheters market.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis:

Neurovascular catheters are used for the treatment of the stroke along with the neurovascular devices. Factors like urbanization, stressful and sedentary lifestyle are responsible for increasing the strokes count globally, thus increasing the number of operations and consumptions of neurovascular catheters. These are the major factors propelling the growth of the neurovascular catheters market. 

Moreover, awareness has been rising for the treatments available for the patients' reimbursement policies getting better over the period, upgrades in the devices, are also some of the other factors affecting the neurovascular catheters market.       

Additionally, the advancement in the ergonomic designs and better efficiency in the clinical field is helping the growth of the neurovascular catheters market.

On the other hand, certain factors are limiting the acceptance of neurovascular catheters. These include the rate of treatments for neurovascular diseases are significantly low in developing economies. The lower rates are due to the expensive cost of the operations and the scarcity of various policies for the reimbursement. Moreover, the applications of the catheters and the risk associated with them are posing a threat to the consumption of neurovascular catheters. There are also several other risk factors like the blockage of the catheter, compatibility issues of the catheters are some of the other challenges hampering the growth of the neurovascular catheters market.

New product launches and acquisitions to flourish the market:

On February 20th, 2020: IWG High Performance Conductors was acquired by Teleflex which is a manufacturer of medical devices. This acquisition helped Teleflex enhance their portfolio.

On May 1st, 2019, Medtronic introduced Solitaire X which is a revascularization device. This device is helping the treatment of patients who suffer from acute ischemic stroke because it removes all the blood clotsand the blood flow efficiently.

Surge in usage in hospitals and clinics segment applications:

The hospitals and specialty clinics are the major consumers of the neurovascular catheters market. Amongst them, the hospitals are the biggest end-users. This is due to the higher procedures performed in hospitals for neurovascular disorders. 

Alongside, specialty clinics are also growing nowadays in respect to the neurovascular catheters.

   Key segments covered:

Segments

Sub-segments

Type

  • Microcatheters
  • Balloon Catheters
  • Thrombectomy Catheters
  • Others

Application

  • Hemorrhagic Stroke
  • Ischemic Stroke

End User

  • Hospitals
  • Specialty Clinics

Regions

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

 

Key benefits of the report:

  • This study presents the analytical depiction of the global Neurovascular catheters industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Neurovascular catheters market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global Neurovascular catheters market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Neurovascular catheters Market research report:

  • What are the leading market players active in the Neurovascular catheters market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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