Application is a critical axis of Laser Machined Catheters segmentation, with major subsegments including cardiovascular and neurovascular procedures. Cardiovascular applications dominate, driven by rising demand for minimally invasive interventions such as angioplasty, stent placement, and arrhythmia ablation, accounting for ~35% of the market. Neurovascular applications, comprising ~25%, are fueled by advancements in aneurysm coiling, embolization, and stroke management. These subsegments reflect the marketโs alignment with hospital adoption of precision tools and global epidemiology trends, with cardiovascular procedures exhibiting higher growth due to aging populations and lifestyle-related diseases.