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The market for microcatheters was estimated to be worth USD 1.99 billion in 2023 and is anticipated to reach USD 2.68 billion by 2030, expanding at a CAGR of 4.61% over that time.
It's anticipated that an increase in chronic diseases like cancer, cardiovascular disease, and neurovascular disease would fuel the market's expansion. Additionally, technologically advanced items and the growing use of minimally invasive procedures are the main factors propelling the market's expansion. The market is comprehensively evaluated in the study on the global micro-catheter market. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.
The artery microcatheter, urinary microcatheter, neurovascular microcatheter, and peripheral microcatheter are the most frequently utilized microcatheters. The most intricate venous network can be reached with the aid of microcatheters. Thus, it is expected that the market will develop faster than average in the next years as a result of increased technological advancement and increasing acceptance of minimally invasive techniques. The adoption of an unhealthy lifestyle is fueling the occurrence of chronic illnesses, which is driving the market's expansion. The main risk factors for illnesses like heart disease, cancer, and neurovascular strokes are hypertension, smoking, and obesity. The World Health Organization (WHO) estimates that chronic illnesses cause 41 million deaths annually, or 71% of all fatalities, worldwide. Cardiovascular diseases, which claim 17.9 million lives yearly, are the leading cause of chronic disease death, followed by neurovascular disorders, primarily strokes (7.0 million). As a result, the market is primarily being driven by the rising number of patients with cardiovascular and neurovascular illnesses.
Microcatheters are pieces of medical equipment with a small diameter that are widely utilized to deliver therapeutic and diagnostic agents as well as to remove tissues, fluid, and thrombi from blood arteries. In complex endovascular treatments, microcatheters are employed for a variety of tasks, including guidewire support, exchanges, distal anatomy access, cross-sectional lesions, therapeutic embolic delivery, contrast media injection, and other tasks. Microcatheters are frequently used in minimally invasive procedures such percutaneous coronary intervention, embolization, ablation, minimum interventional radiology, and angioplasty. For instance, the health healthy 2020 report states that the incident rate of heart attacks per 10,000 persons was approximately 190 in individuals above the age of 85 and approximately 117 in individuals between the ages of 75 and 84. For instance, the National Center for Health Statistics estimates that more than 795,000 Americans get a stroke each year. Additionally, the Center for Disease Control and Prevention estimates that ischemic stroke accounts for around 87% of all recorded stroke cases.
One of the key factors anticipated to drive the growth and demand for microcatheters is the sharp rise in chronic diseases like cancer, cardiovascular disease, and neurovascular disease. Additionally, over the forecast period of 2021 to 2028, it is projected that the rising adoption of minimally invasive surgical procedures and the high growth in the target patient population would drive the growth in the worldwide microcatheters market. Likewise, more initiatives and programs being launched by governments of various nations, as well as more clinical research studies using micro catheters, are anticipated to boost market expansion. Additionally, the expansion of strategic alliances and a robust product pipeline are anticipated to play a vital role in the market growth of microcatheters.
Since many medical schools and hospitals throughout the world were renovated to expand hospital capacity for COVID-19 patients, it is projected that the COVID-19 outbreak will negatively affect the market for microcatheters. During the pandemic, the discovery and development of microcatheters slowed but did not halt. Patients with cancer and heart disease had their surgeries put off, and home care settings were preferred. Due to the rapidly increasing COVID-19 cases, no non-essential surgical procedures were carried out; only elective emergency surgeries were.
Report Coverage
Global Microcatheter research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Microcatheter report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Microcatheter competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Microcatheter market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Microcatheter market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Microcatheter market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cardinal Health, Medtronic, BD, Stryker, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Medical Corporation, Teleflex Incorporated, ASAHI INTECC CO., LTD., Biomerics, Merit Medical Systems, AngioDynamics, Cook, Penumbra, Inc., Tokai Medical Products Inc., Koninklijke Philips N.V., Baylis Medical Company, Inc., Johnson & Johnson Services, Inc., BrosMed Medical Co., Ltd., and CREATE MEDIC among other.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Microcatheter market based on the below-mentioned segments:
Global Microcatheter Market, By Product Type
Delivery Microcatheter
Aspiration Microcatheter
Diagnostic Microcatheter
Steerable Microcatheter
Global Microcatheter market, By Application
Cardiovascular
Neurovascular
Peripheral Vascular
Urology
Otolaryngology
Other Applications
Global Microcatheter Market, By End User
Hospitals and Clinics
Ambulatory Surgical Centers
Global Microcatheter market, Regional Analysis
It's anticipated that an increase in chronic diseases like cancer, cardiovascular disease, and neurovascular disease would fuel the market's expansion. Additionally, technologically advanced items and the growing use of minimally invasive procedures are the main factors propelling the market's expansion. The market is comprehensively evaluated in the study on the global micro-catheter market. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.
The artery microcatheter, urinary microcatheter, neurovascular microcatheter, and peripheral microcatheter are the most frequently utilized microcatheters. The most intricate venous network can be reached with the aid of microcatheters. Thus, it is expected that the market will develop faster than average in the next years as a result of increased technological advancement and increasing acceptance of minimally invasive techniques. The adoption of an unhealthy lifestyle is fueling the occurrence of chronic illnesses, which is driving the market's expansion. The main risk factors for illnesses like heart disease, cancer, and neurovascular strokes are hypertension, smoking, and obesity. The World Health Organization (WHO) estimates that chronic illnesses cause 41 million deaths annually, or 71% of all fatalities, worldwide. Cardiovascular diseases, which claim 17.9 million lives yearly, are the leading cause of chronic disease death, followed by neurovascular disorders, primarily strokes (7.0 million). As a result, the market is primarily being driven by the rising number of patients with cardiovascular and neurovascular illnesses.
Microcatheters are pieces of medical equipment with a small diameter that are widely utilized to deliver therapeutic and diagnostic agents as well as to remove tissues, fluid, and thrombi from blood arteries. In complex endovascular treatments, microcatheters are employed for a variety of tasks, including guidewire support, exchanges, distal anatomy access, cross-sectional lesions, therapeutic embolic delivery, contrast media injection, and other tasks. Microcatheters are frequently used in minimally invasive procedures such percutaneous coronary intervention, embolization, ablation, minimum interventional radiology, and angioplasty. For instance, the health healthy 2020 report states that the incident rate of heart attacks per 10,000 persons was approximately 190 in individuals above the age of 85 and approximately 117 in individuals between the ages of 75 and 84. For instance, the National Center for Health Statistics estimates that more than 795,000 Americans get a stroke each year. Additionally, the Center for Disease Control and Prevention estimates that ischemic stroke accounts for around 87% of all recorded stroke cases.
One of the key factors anticipated to drive the growth and demand for microcatheters is the sharp rise in chronic diseases like cancer, cardiovascular disease, and neurovascular disease. Additionally, over the forecast period of 2021 to 2028, it is projected that the rising adoption of minimally invasive surgical procedures and the high growth in the target patient population would drive the growth in the worldwide microcatheters market. Likewise, more initiatives and programs being launched by governments of various nations, as well as more clinical research studies using micro catheters, are anticipated to boost market expansion. Additionally, the expansion of strategic alliances and a robust product pipeline are anticipated to play a vital role in the market growth of microcatheters.
Since many medical schools and hospitals throughout the world were renovated to expand hospital capacity for COVID-19 patients, it is projected that the COVID-19 outbreak will negatively affect the market for microcatheters. During the pandemic, the discovery and development of microcatheters slowed but did not halt. Patients with cancer and heart disease had their surgeries put off, and home care settings were preferred. Due to the rapidly increasing COVID-19 cases, no non-essential surgical procedures were carried out; only elective emergency surgeries were.
Report Coverage
Global Microcatheter research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Microcatheter report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Microcatheter competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Microcatheter market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Cardinal Health, Medtronic, BD, Stryker, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Medical Corporation, Teleflex Incorporated, ASAHI INTECC CO., LTD., Biomerics, Merit Medical Systems, AngioDynamics, Cook, Penumbra, Inc., Tokai Medical Products Inc., Koninklijke Philips N.V., Baylis Medical Company, Inc., Johnson & Johnson Services, Inc., BrosMed Medical Co., Ltd., and CREATE MEDIC among other. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Microcatheter Market from 2021 to 2030.
- Market Forecast for Microcatheter Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Microcatheter competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Microcatheter
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Microcatheter market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Microcatheter market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cardinal Health, Medtronic, BD, Stryker, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Medical Corporation, Teleflex Incorporated, ASAHI INTECC CO., LTD., Biomerics, Merit Medical Systems, AngioDynamics, Cook, Penumbra, Inc., Tokai Medical Products Inc., Koninklijke Philips N.V., Baylis Medical Company, Inc., Johnson & Johnson Services, Inc., BrosMed Medical Co., Ltd., and CREATE MEDIC among other.
Primary Target Market
- Market Players of Microcatheter
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Microcatheter market based on the below-mentioned segments:
Global Microcatheter Market, By Product Type
Delivery Microcatheter
Aspiration Microcatheter
Diagnostic Microcatheter
Steerable Microcatheter
Global Microcatheter market, By Application
Cardiovascular
Neurovascular
Peripheral Vascular
Urology
Otolaryngology
Other Applications
Global Microcatheter Market, By End User
Hospitals and Clinics
Ambulatory Surgical Centers
Global Microcatheter market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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