Microcatheters Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3572
Microcatheters Market size is expected to grow significantly from 2019 to 2025.
Rising adoption of minimally invasive procedures coupled with several surgeries accelerates the microcatheters market growth. Usage of embolization as a minimally invasive makes a noteworthy advancement in the medical technology. Such procedures are extensively used in the procedure of peripheral vascular and cerebral diseases that further enhances the business demand. Increasing adoption of minimally invasive treatments has been rising due to numerous advantages such as minimum hospital stay, less blood loss and quicker recovery. Above-mentioned factors proves beneficial for the microcatheters industry growth.
Technological advancements in microcatheters manufacturing process and launch of the new microcatheters will render positive impact on microcatheters market growth. Aim of business players on development of innovative and affordable microcatheters is projected to foster industry growth. Advancement such as double coaxial guiding catheter technique to treat CTO that is chronic total occlusion accelerates the microcatheters industry growth. Several advantages such as passive support, placement of one catheter insider another thereby fosters the demand for such microcatheters. However, stringent regulatory framework may impede the microcatheters market growth.
Steerable segment is projected to witness vigorous growth during the analysis timeline. Rising number of minimally invasive surgeries globally and image-guided procedures will favor the segmental growth. Also, change from manually operated devices to minimally invasive along with robotic assisted procedures further augments the business revenue share.
Double lumen segment will grow considerably during the forecast timeframe owing to rising patient pool towards minimally invasive procedures. Benefits offered by double lumen such as robust support, easy access to complex coronary vasculature and minimum radiation exposure accelerates segmental growth.
Neurovascular segment will witness momentous growth over the forthcoming years. Rising number of neurovascular cases across the globe fosters the segmental growth. Several microcatheters provides effective patient management and better care. Various manufacturers focus on developing microcatheters for these diseases thereby augmenting segmental growth.
Hospitals segment is estimated to witness tremendous growth over analysis timeframe. Rising number of hospital admissions globally and increasing prevalence of several diseases further propels the segmental growth. Additionally, large amount of diagnostic and surgical procedures in hospital settings enhances the industry growth.
Asia Pacific microcatheters market will account for significant revenue share by 2025 owing to increasing advancements for microcatheters in this region. Presence of large patient pool and rising prevalence of several diseases in this region fosters regional business growth.
Eminent industry players operating in microcatheters industry include Teleflex, MERIT MEDICAL SYSTEMS, Boston Scientific, Medtronic, Terumo, ASAHI INTECC, Johnson and Johnson, Cardinal Health, Stryker, Becton Dickinson, B. Braun, and Penumbra. Prominent market players adopt several organic strategies and in-organic strategies to sustain market competition over other players. For instance, in November 2018, ASAHI INTECC entered a partnership agreement Medtronic. This partnership will enhance the presence of catheter and neurovascular guidewire in the U.S. market. This strategy has enhanced company’s territorial coverage.
Microcatheters Market By Type, 2014-2025 (USD Million)
Microcatheters Market By Design, 2014-2025 (USD Million)
- Single lumen
- Double lumen
Microcatheters Market By Application, 2014-2025 (USD Million)
- Peripheral vascular
Microcatheters Market By End-use, 2014-2025 (USD Million)
- Specialty Clinics
- Ambulatory surgical centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- AngioDynamics, Inc.
- ASAHI INTECC CO., LTD.
- B. Braun Melsungen AG
- Becton, Dickinson and Company
- Boston Scientific Corporation
- BTG PLC
- Cardinal Health, Inc.
- Cook Group Incorporated,
- Johnson and Johnson
- MERIT MEDICAL SYSTEMS, INC
- Stryker Corporation
- Teleflex Incorporated
- Terumo Corporation
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