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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 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.
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.
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.
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.
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.
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