Thailand Neurovascular Catheters Market Size & Outlook
Thailand neurovascular catheters market, 2018-2030 (US$M)
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Thailand neurovascular catheters market highlights
- The Thailand neurovascular catheters market generated a revenue of USD 66.2 million in 2023 and is expected to reach USD 114.3 million by 2030.
- The Thailand market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, embolization catheters was the largest revenue generating type in 2023.
- Microcatheters is the most lucrative type segment registering the fastest growth during the forecast period.
Neurovascular catheters market data book summary
| Market revenue in 2023 | USD 66.2 million |
| Market revenue in 2030 | USD 114.3 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Embolization catheters |
| Fastest growing segment | Microcatheters |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Microcatheters, Balloon Catheters, Access Catheters, Embolization Catheters |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Terumo Corp, Integer Holdings Corp, Penumbra Inc, Johnson & Johnson, Integra Lifesciences Holdings Corp, Acandis GmbH, Spiegelberg |
Other key industry trends
- In terms of revenue, Thailand accounted for 2.1% of the global neurovascular catheters market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China neurovascular catheters market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 191.3 million by 2030.
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Neurovascular Catheters Market Scope
Neurovascular Catheters Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand neurovascular catheters market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to neurovascular catheters market will help companies and investors design strategic landscapes.
Embolization catheters was the largest segment with a revenue share of 27.64% in 2023. Horizon Databook has segmented the Thailand neurovascular catheters market based on microcatheters, balloon catheters, access catheters, embolization catheters covering the revenue growth of each sub-segment from 2018 to 2030.
The competitive landscape for neurovascular catheters in Thailand is anticipated to be driven by the rising prevalence of aneurysms and stroke among the Thai population. According to a study published by the National Library of Medicine in November 2021, the prevalence of familial Unruptured Intracranial Aneurysm (UIA) in the Thai population was relatively high.
Thus, the high prevalence of aneurysm among the Thai population is expected to boost the demand for neurovascular catheters. Moreover, a large number of individuals suffering from stroke is expected to drive the competition in the market.
According to an article published by the Bangkok Hospital Chiang Mai in February 2023, around 250,000 new cases of stroke are registered in Thailand each year; nearly 50,000 patients lose their lives, while approximately 30% of patients become paralyzed.
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand neurovascular catheters market , including forecasts for subscribers. This country databook contains high-level insights into Thailand neurovascular catheters market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand neurovascular catheters market size, by type, 2018-2030 (US$M)
Thailand Neurovascular Catheters Market Outlook Share, 2023 & 2030 (US$M)
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