The global Neurovascular Catheters Market size is anticipated to reach USD 4.83 billion by 2028, expanding at a CAGR of 6.7% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for minimally invasive neurosurgical procedures, rising prevalence of stroke and brain aneurysm, and technological advancements are driving the market.
Stroke is the most common cause of death, followed by
heart and cancer diseases worldwide. For instance, according to WHO, in 2016,
15.2 million deaths of the 56.9 million deaths worldwide were due to stroke.
Acute Ischemic Stroke (AIS) is the most common form of stroke caused due to
reduced blood supply to the brain, making brain cells die. For instance,
according to the U.S. CDC, 87.0% of strokes are classified as ischemic strokes,
with the U.S. being the most commonly affected country.
Various initiatives are undertaken by the government
worldwide to prevention stroke. For instance, the Well-Integrated Screening and
Evaluation for Women Across the Nation (WISEWOMAN) program was started by the
U.S. CDC in three states: North Carolina, Massachusetts, and Arizona, to
minimize the risk of stroke and other neurovascular diseases in women by
promoting a healthy lifestyle.
Related Press Release@ Neurovascular Catheters Market Report
Neurovascular Catheters Market
Report Highlights
- By type, embolization neurovascular catheters dominated the
neurovascular catheters market in 2019 owing to the increasing prevalence
of conditions, such as brain aneurysms, nose bleeding, and arteriovenous
malformations
- Based on application, the others segment is expected to expand at
the highest CAGR during the forecast period owing to the rising number of
patients suffering from neurovascular diseases and conditions, such as
carotid artery stenosis and atherosclerosis
- Based on end-use, hospitals dominated the market in 2019 owing to
factors, such as rising prevalence of acute ischemic stroke, growing
awareness among the population, and increasing government funding
- North America dominated the market with the largest share in 2019
owing to rising incidence of hemorrhagic stroke and brain aneurysm and
increasing R&D investment
- Some of the key players operating in the neurovascular catheters
market are Medtronic; Stryker; phenox GmbH; Penumbra, Inc.; Integer
holdings Corporation; Terumo Corporation; Integra LifeSciences
Corporation; Biomerics; Acandis GmbH; and Spiegelberg GmbH & Co. KG.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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