Neurovascular Catheters Market
Neurovascular catheters are utilized for intercessions in the mind and intracranial spaces to perform neurovascular medical procedures. Catheters utilized for these medications are planned explicitly, as neurovascular organs are touchy and catheter disappointment or flaw can bring about vessel harm and hole. Certain benefits offered by these catheters like negligible attack, simple admittance to intracranial spaces, and improvement of complex cycles attributable to progresses in plan of catheters are relied upon to support the appropriation and hence drive the neurovascular catheters market patterns in later years. With the progressions in catheter materials and plans, alongside the accessibility of negligibly intrusive innovations, patients with neurovascular issues are starting to encounter diminished expenses, torment, and recuperation time.
Hemorrhage or strokes are the aftereffects of harmed, obstructed or harmed veins, which can cause draining or dissemination issues in the mind. Open or insignificantly invasive careful methods are utilized for the treatment of the obstructed veins of the cerebrum. Negligibly invasive endovascular medical procedure methods are liked for the maintenance of an infrarenal stomach aortic aneurysm. Microcatheters, combined with the other progressed methods, are liked for the treatment of different neurovascular conditions, like aneurysms, stroke, and other vein conditions. High rate of neurovascular diseases, coupled with the improving medical infrastructure and facilities are likely to aid in expansion of the overall market in the future.
Global Neurovascular Catheters Market: Overview
A catheter is a tube-shaped medical device which is inserted into body cavities for diagnostic or therapeutic purposes. A neurovascular catheters is used to drain or withdraw unwanted fluid from neurovascular organs (brain, carotid artery, intracranial spaces, etc.), administer medications to the neurovascular organs, and diagnose several neurovascular diseases (brain aneurysms, carotid artery disease, etc.).
The global neurovascular catheters market is driven by prevalence of neurovascular disorders, neurovascular disease diagnosis and treatment rate, competitive scenario of the key players, pricing strategy, and global regulatory scenario. The neurovascular catheters market is likely to face challenges such as biocompatibility of catheters, risk of catheter blockage in the neurovascular organs, and detachment of coating from the catheter. R&D investments and technological advancements are likely to boost the growth of the global neurovascular catheters market.
Global Neurovascular Catheters Market: Key Segments
Based on catheter type, the global neurovascular catheters market can be segmented into microcatheter, balloon catheter, access catheters, embolization catheters, and others. In terms of material, the global neurovascular catheters market can be classified into fluorinated ethylene propylene, liquid crystal polymer, nylon, polyether block amide, polyether ether ketone, and others. The neurovascular catheter is primarily used to prevent embolic stroke. Based on application, the global neurovascular catheter market can be categorized into neurovascular embolic stroke, aneurysms, vertebral and sinus fistulas, arterial vasospasm, and others. In terms of end-user, the global neurovascular catheters market can be divided into hospitals, ambulatory surgical centers, independent clinics, and others.
Geographically, the global neurovascular catheters market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to the Centers for Disease Control and Prevention (CDC), approximately 9 per 100,000 persons per year are affected with brain aneurysms in the U.S. Over 10 per 100,000 people per year suffer from brain aneurysm in Europe. Apart from brain aneurysms, stroke is one of the leading causes of death in North America and Europe. According to the American Stroke Association, nearly 800,000 people suffer and 130,000 million people die from stroke in the U.S. each year. Incidence of stroke in Europe is higher than in North America. According to the World Health Organization (WHO), around 1 million people suffer and 150,000 million people die from stroke in Europe each year. North America and Europe held significant shares of the global neurovascular catheters in 2016, owing to high rate of neurovascular diseases in the regions, high diagnosis and treatment rate of neurovascular disorders, developed medical infrastructure, and availability of advanced neurovascular catheters. Asia Pacific is anticipated to hold the third largest share of the global neurovascular catheters market. The neurovascular catheters market in the region is expected to expand at the fastest CAGR during the forecast period due to large neurovascular patient pool, high diagnostic and treatment rate of neurovascular disorders, rise in adoption of neurovascular catheters, and presence of local players. Latin America and Middle East & Africa are expected to be small markets for neurovascular catheters during the forecast period.
Global Neurovascular Catheters Market: Key Players
Prominent players in the global neurovascular catheters market include Stryker, Medtronic (a Johnson and Johnson company), Integer Holdings Corporation, DePuy Synthes (a Johnson and Johnson company), Integra LifeSciences Corporation, Biomerics, Zeus Industrial Products, Inc., RAUMEDIC AG, and Concentric Medical, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.