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

Global Neurovascular Catheters Market size was valued at USD 3.03 Billion in 2022 and is poised to grow from USD 3.25 Billion in 2023 to USD 5.66 Billion by 2031, at a CAGR of 7.20% during the forecast period (2024-2031).

Some of the key market-driving factors include the rising prevalence of neurological conditions like brain aneurysms and stroke, the adoption of an unhealthy lifestyle, rising public awareness of neurological condition treatment, rising disposable income, and the introduction of new products by key market players. The rise in neurovascular illnesses and advancements in neurovascular catheter technology are two factors that are expected to be responsible for market growth. The estimated global incidence of subarachnoid haemorrhage (SAH), for instance, is 6.67 per 100,000 persons, according to a March 2022 Frontiers article. SAH affects over 500,000 people annually, with low- and middle-income nations home to nearly two-thirds of those affected.

Additionally, market expansion is anticipated throughout the forecast period due to technological developments in neurovascular access catheters. For instance, in February 2022, CERENOVUS, a young business that specialises in neurovascular care and is a part of the Johnson & Johnson Medical Device Companies, introduced the EMBOGUARD, a next-generation balloon guide catheter to be used in endovascular procedures, including those for patients with acute ischemic stroke. The market should expand over the study period as a result of research studies and comparisons of the various neurovascular access catheters. For instance, a September 2022 publication in PubMed said that neurovascular therapies could be performed through both the femoral artery and the radial artery using an access catheter with an inner diameter of 0.096 inches. It had an excellent technical success rate and a low percentage of issues during the process.

US Neurovascular Catheters Market is poised to grow at a sustainable CAGR for the next forecast year.