Neurovascular Catheters Market to Hit $1,083.5 Mn by 2026; Rising Prevalence of Neurological Disorders Worldwide to Boost Sales Opportunities: Fortune Business Insights™
The global “neurovascular catheters market size” is projected to reach USD 1,083.5 million by 2026, exhibiting a CAGR of 7.1% during the forecast period. Increasing prevalence of stroke around the globe will be the prime growth driver for this market in the coming years, states Fortune Business Insights™ in its new report, titled “Neurovascular Catheters Market Size, Share & Industry Analysis, By Type (Microcatheters, Balloon Catheters, Thrombectomy Catheters, and Others), By Application (Hemorrhagic Stroke, and Ischemic Stroke), By End User (Hospitals, and Specialty Clinics), and Regional Forecast, 2019-2026”. Data analysis by the World Stroke Organization revealed that every year there are more than 13.7 million new stroke cases worldwide, with nearly 25% of the people over the 25 years of age likely to suffer from stroke at least once in their lifetime. Furthermore, the Global Burden of Disease (GBD) study of 2018 found that strokes caused approximately 5.5 million deaths and 116.4 million Disability-Adjusted Life Years (DALYs) globally in 2016. Thus, strokes present a heavy health and economic burden and therefore, their effective treatment should a top priority. This situation would, as a result, generate huge demand for neurovascular catheters across the globe as these devices have proven to be critical in performing neurovascular procedures.
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The neurovascular catheters market report states that the market value stood at USD 625.6 million in 2018. Besides, this, the report also provides the following information:
- Exhaustive overview of the industry trends and outlook;
- Comprehensive assessment of the factors driving and restraining the market;
- Careful evaluation of the regional dynamics and developments in the competitive landscape of the market.
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