Neurovascular Catheters Market Size, Share & Trends Report

Neurovascular Catheters Market Size, Share & Trends Analysis Report By Type (Microcatheter, Balloon Catheter, Access Catheter, Embolization Catheter), By Applications, By End-use, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68038-420-8
  • Number of Pages: 120
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Healthcare

Research Methodology

A three-pronged approach was followed for deducing the neurovascular catheters market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for neurovascular catheters market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of neurovascular catheters market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Neurovascular Catheters Market Categorization:

The neurovascular catheters market was categorized into four segments, namely type (Microcatheters, Balloon Catheters, Access Catheters, Embolization Catheters), application (Embolic Stroke, Brain Aneurysms, Arteriovenous Malformations), end-use (Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Centers), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The neurovascular catheters market was segmented into type, application, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The neurovascular catheters market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-three countries, namely, the U.S.; Canada; UK; Germany; France; Italy; Spain; Denmark; Sweden; Norway; Japan; China; India; Australia; South Korea; Thailand; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Neurovascular catheters market companies & financials:

The neurovascular catheters market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Medtronic - Medtronic is a major market player in the medical technology industry, engaged in the development, manufacture, distribution, and commercialization of device-based medical therapies and services. The company operates through four reporting segments: minimally invasive therapies, cardiac & vascular group, restorative therapies, and diabetes group. Its products include neurovascular stents, coils, and flow diversion products, as well as access and delivery products to support neuro procedures. The company has a global presence and operates from more than 370 locations in approximately 160 countries around the world. Medtronic markets its products through direct representatives in the U.S., whereas independent distributors use direct marketing methods in overseas markets. Its products are used mainly in surgical centers, hospitals, home care, and long-term care facilities.

  • Stryker Corporation - Stryker Corporation is a major market player in the medical technology industry. The company is engaged in the development, manufacture, distribution, and commercialization of device-based medical therapies and services. It operates through three segments: orthopedics, MedSurg, and neurotechnology & spine. Stryker's neurotechnology and spine segment offers products such as neurosurgical, neurovascular, and spinal implant devices. The company has a global presence and sells its products in more than 80 countries through branches, subsidiaries, distributors, and third-party dealers to doctors, hospitals, and other healthcare facilities.

  • Penumbra, Inc. - Penumbra, Inc. is a major market player in the medical technology industry. The company is engaged in the development, manufacture, distribution, and commercialization of device-based medical therapies and services. It operates through three segments: orthopedics, MedSurg, and neurotechnology & spine. Penumbra's neurotechnology and spine segment offers products such as neurosurgical, neurovascular, and spinal implant devices. The company has a global presence and sells its products in more than 80 countries through branches, subsidiaries, distributors, and third-party dealers to doctors, hospitals, and other healthcare facilities. Penumbra has employed various marketing strategies, including strategic alliances, acquisitions, and partnerships, to enhance its presence in the market. The company's pricing strategy is designed to offer value to its customers while allowing for growth. Penumbra uses a combination of marketing techniques, including targeted advertisements, sales promotions, sponsorships, and trade shows, to promote its products. 

  • Integer Holdings Corporation - Integer Holdings Corporation is a major market player in the medical device outsource manufacturing industry. The company serves medical device OEMs and their affiliated subsidiaries in the neuromodulation, vascular, cardiac, and portable medical markets. It operates in two reportable segments: medical and non-medical. Its medical segment offers products for neurovascular, cardiac surgery, peripheral vascular and structural heart diseases, urology, and oncology products, as well as infusion therapy, electrophysiology, and hemodialysis products. The company's medical device manufacturing brands include Lake Region Medical, Greatbatch Medical, and Electrochem. 

  • Terumo Corporation - Terumo Corporation, a global leader in medical technology, was founded in 1921 by a group of medical scientists, including Dr. Shibasaburo Kitasato, to produce clinical thermometers in Japan. Over the years, the company has evolved and expanded its product portfolio to include a wide range of medical devices used in various clinical applications. Terumo's extensive business portfolio ranges from vascular intervention and cardio-surgical solutions to blood transfusion and cell therapy technology, as well as medical products essential for daily clinical practice such as transfusion systems, diabetes care, and peritoneal dialysis treatments. The company's global headquarters is located in Tokyo, Japan, and it employs more than 30,000 associates worldwide. Terumo is committed to providing innovative medical solutions and strives to be of value to patients, medical professionals, and society at large. The company's main business involves the manufacture and sales of medical products and equipment, including pharmaceuticals, blood bags, disposable medical devices, cardiovascular systems, vascular grafts, peritoneal dialysis, blood glucose monitoring systems, and medical electronics. Terumo's dedication to healthcare and its long-standing history of innovation have positioned it as a key player in the global medical technology industry.

  • Codman Neuro (Integra LifeSciences Corporation) - Integra LifeSciences Corporation provides innovative solutions in patient care, such as neurosurgery, orthopedics, and reconstructive & general surgeries. It also includes implants and medical devices for ankle & foot, wrist & hand, wound repair, and peripheral nerve protection. It is well-known for providing patient care solutions in neurosurgical instruments to surgical centers and hospitals. Its Codman Specialty Surgical segment offers products used for the treatment of brain tumors, hydrocephalus management, cerebral spinal fluid management, and other neurological conditions.

  • Acandis GmbH - Acandis GmbH is a highly innovative, fast-growing, owner-managed medical technology company based in Pforzheim, Germany. Since its founding in 2006, Acandis has specialized in the development, manufacturing, and marketing of innovative products for the treatment of neurovascular diseases - high-tech medical devices for acute and preventive stroke treatment. The company's focus is on optimal clinical support as well as the continuous further development of their products. Acandis strives to grow steadily and operate internationally in order to make their innovations available around the world. The company's product portfolio includes a wide range of products and services for stroke care, and it has a strong commitment to technological and medical challenges. 

  • Cerenovus (Johnson And Johnson Services, Inc.) - Johnson & Johnson, the parent company of CERENOVUS, Inc., is a global healthcare conglomerate that manufactures pharmaceuticals, medical devices, and consumer healthcare products. The company operates through three business segments: consumer products, medical devices, and pharmaceuticals. Its pharmaceutical segment offers products related to six therapeutic areas: immunology, oncology, neuroscience, cardiovascular & metabolism, pulmonary hypertension, and infectious diseases & vaccines. 

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Neurovascular Catheters Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Neurovascular Catheters Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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