Microcatheter Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028. Segmented By Type (Delivery, Diagnostic, Aspiration, Steerable), By Design (Single, Dual), By Application (Cardiovascular, Neurovascular, Peripheral Vascular, Oncology), By End user (Hospital & Ambulatory Surgical Centers, Vascular, Oncology), By Region, and Competition
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationMicrocatheter Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028. Segmented By Type (Delivery, Diagnostic, Aspiration, Steerable), By Design (Single, Dual), By Application (Cardiovascular, Neurovascular, Peripheral Vascular, Oncology), By End user (Hospital & Ambulatory Surgical Centers, Vascular, Oncology), By Region, and Competition
Global Microcatheter Market is expected to grow with an impressive CAGR in the forecast period of 2024-2028. This can be attributed to factors such as the rising number of cases for cardiovascular diseases along with neurovascular issues prevalence across the globe.
Microcatheter is a device with diameter of around 0.7-1.30 mm diameters which are utilized for guidewire support, accessing distal anatomy, deliver therapeutic inject contrast media, exchanges, and other procedures involved in complex endovascular procedures.
Other factors such as growing inclusion of microcatheters in minimally invasive diagnosis and therapeutic treatments along with rising research and development in the biotechnology and pharmaceutical industries, etc. are factors supporting the market growth and are expected to propel in the forecast period.
Rising Prevalence of Cardiovascular Diseases
according to the World Health Organization, Cardiovascular diseases (CVDs) are the leading cases of deaths globally. In 2019, around 17.9 million people died from cardiovascular diseases, out of 85% were due to heart attacks and strokes. Also, over three quarters of cardiovascular deaths occurred in low and middle-income countries.
Growing Demand in Minimally Invasive Surgeries
Growing demand of Microcatheter is required in multiple fields of life sciences due to wide range of diagnostic and therapeutic applications. Microcatheters are tiny, hollow tubes used in a variety of interventional procedures put into blood vessels. They are utilized in different diagnostic and therapeutic procedures and are designed to deliver various interventional devices into the blood arteries. Common usage of microcatheter is in urinary microcatheters, arterial microcatheters, peripheral microcatheters, and neurovascular microcatheters. Microcatheters have capability to reach even most complex network of veins, thus it can be widely utilized and is high in demand for minimally invasive therapies and treatment driving the market growth and is anticipated to bolster the market demand in the forecast period.
Technological Advancement
Several technological advancements have been launched in microcatheters to improve deliverability and reduce deformations and mishandling. Technological advancement such as, addition of a feature to developed microcatheters which offer additional options for guidewire support during CTO Chronic total occlusion) and PCI(Percutaneous Coronary Interventions). Also, meanwhile using micro sensing devices, the bending characteristics of the microcatheter can be controlled for an effective transit through the convoluted vasculature. To create an outstanding control mechanism for accurate layer bending, actuators such as pressure sensors, CMOS circuitry, and polymer conducting layers are used. Also, to improve result efficacy and precise control approaches, deep learning and artificial intelligence (AI) techniques are some viable tools.
Recent Developments
- Boston Scientific Corporation got FDA approval inApril 2022 for its EMBOLD Fibered Detachable Coil, which is intended to impedeor slow blood flow in the peripheral vasculature. The option to use manycatheters offers flexibility in choosing a catheter and helps reduce thepossibility of device exchanges, which increases operation productivity andallows for better patient outcomes.
- In 2021, Terumo medical corporation launched itsrecent microcatheter named PG Pro Peripheral Microcatheter.
Market Segmentation
Global Microcatheter Market is segmented based on type, design, application, end user, and region. Based on the type, the market is segmented into delivery, diagnostic, aspiration, and steerable. Based on the design, the market is segmented into Single and Dual. Based on application, the market is further fragmented into cardiovascular, neurovascular, peripheral vascular, and oncology. Depending on the end user, the market is segmented into, hospital & ambulatory surgical centers, vascular, and oncology. Based on the region, the market is further segmented into North America, Europe, Asia-Pacific, South America, and Middle East and Africa (MEA).
Market Players
Boston Scientific Corporation, Stryker corporation, Teleflex Incorporated, Cook Group, Becton Dickinson and Company, Asahi Intecc Co. ltd., Terumo Medical Corporation, Medtronic Plc., Johnson & Johnson, Teleflex Incorporated., etc., are some of the major players operating in the global Microcatheter Market.
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | Type Design Application End User |
| Regional Scope | North America; Asia Pacific; Europe; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Kuwait |
| Key Companies Profiled | Boston Scientific Corporation, Stryker corporation, Teleflex Incorporated, Cook Group, Becton Dickinson and Company, Asahi Intecc Co. ltd., Terumo Medical Corporation, Medtronic Plc., Johnson & Johnson, Teleflex Incorporated |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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