Neurovascular Catheters Market Size, Share, Growth Analysis, By Application(Embolic Stroke, Brain Aneurysms, Arteriovenous Malformations, Others), By Type(Micro, Balloon, Access, Embolization), By Region - Industry Forecast 2024-2031

Due to the presence of significant manufacturers in the area, including Penumbra, Inc., Stryker Corporation, Merit Medical Systems, Inc., and Johnson & Johnson, North America had the lion's share of the market in 2022 (33.23%). For instance, J&J's Cerenovus would invest USD 54.19 million in an Irish research facility's development of stroke devices in February 2022. The Rist Selective Radial Access Catheter and the Rist 079 Radial Access Guide Catheter, a groundbreaking radial access catheter system, will also be available in July 2021 thanks to a Health Canada licence obtained by Medtronic Canada ULC, a division of Medtronic

During the projection period, Asia Pacific is anticipated to grow at the highest CAGR of 8.01% due to factors including increased target disease burden, technological developments, and rising prevalence of neurological illnesses.In addition, elements like the presence of significant players in the area and rising healthcare costs are fostering regional development. For instance, China's National Medical Products Administration (NMPA) granted marketing permission to MicroPort NeuroTech Limited's independently developed Diver Intracranial Balloon Catheter in January 2022. Consequently, it is projected that this will accelerate market growth in the near future.