Microcatheters Market Size By Product (Delivery Microcatheters, Diagnostic Microcatheters, Aspiration Microcatheters, Steerable Microcatheters), By Design (Single Lumen Microcatheters, Dual Lumen Microcatheters), By Application (Cardiovascular, Neurovascular, Peripheral Vascular, Oncology), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Apr 2021  |  Report ID: GMI3572  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 200   |   Base Year: 2020

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Microcatheters Market size was valued at over USD 752 million in 2020 and is projected to grow at over 7.9% CAGR from 2021 to 2027. Growing adoption of minimally invasive procedures along with rise in overall number of vascular surgeries performed around the world will accelerate the market growth. Increasing usage of embolization in a minimally invasive surgical procedure will boost the product demand. Additionally, rising use of such procedures in the treatment of cerebral and peripheral vascular diseases will further propel the growth of microcatheters.

Microcatheters Market Overview

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A microcatheter is a small (around 0.70-1.30 mm in diameter) catheter device that are used to access distal anatomy, guidewire support, deliver therapeutic embolic, cross lesions and conduct other complex endovascular procedures. They are most commonly used in percutaneous coronary intervention procedures.

COVID-19 pandemic has negatively impacted the number of several neurovascular, cardiovascular and other surgical procedures during the initial phase. High risk involved during surgical interventions, due to coronavirus infection with growing patient influx in the hospitals is one of the prime factors contributing to reduction in surgical interventions. Although, the industry is anticipated to witness considerable growth owing to reducing number of COVID-19 patients in some countries and acceptance of standard operating protocols in healthcare facilities. Furthermore, organizational collaborations, partnerships and government initiatives for providing clinical emergency care to patients suffering from cardiac ailments have sustained the market revenue. Despite the moderate impact that the market has observed for some period, it is expected to foresee tremendous growth in the near future.

Increasing prevalence of chronic diseases will uplift the microcatheters market expansion

There is a substantial rise in the number of patients suffering from chronic diseases such as cancer, cardiovascular diseases and neurovascular disorders in the last couple of decades. Cardiovascular diseases (CVDs) are among the leading cause of mortality globally. As per the Global Burden of Disease (GBD) Study 2019, the total number of CVDs nearly doubled from 271 million to 523 million in the last few decades. As a result, the demand for microcatheters is increasing rapidly for steer-ability, diagnosis and delivery of the embolic agent to target sites with minimally invasive surgeries. Microcatheters are used to diagnose and treat vascular abnormalities including stenotic lesions, intracranial shunts and aneurysms. Microcatheters play a vital role in clearing the blockage vessels and navigating the vast network of veins in the body.

Growing usage of steerable microcatheters will fuel the market value

The steerable segment is predicted to showcase an 8% growth rate till 2027. Utilization of steerable microcatheters in cardiovascular angiography has shown decrease in failure rate, and procedural time as compared to the standard microcatheters. The real-time ability to change the degree of angulation of the tip of the steerable microcatheter has the potential to increase its efficiency of super selective vessel cannulation.

Dual lumen microcatheter has emerged as the centerpiece of the market progression

  Microcatheters Market Size

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Dual lumen microcatheters market accounted for around USD 424 million in 2020 led by the advantages it offers including easy access to the procedural site. In addition, significant adoption of dual lumen microcatheter in the developing markets coupled with rising prevalence of chronic disorders such as neurovascular, oncology, cardiovascular among others has further propelled the industry growth.

Rising cardiovascular cases will spur the market demand

The cardiovascular segment exceeded USD 304 million in 2020. Advancements in microcatheters have enhanced the outcomes of complex percutaneous coronary interventions targeting both chronic and non-chronic coronary lesions. As a result, the demand for microcatheters has increased exponentially, thereby driving the overall industry expansion. Moreover, growing target patient population has further boosted the market growth.

High acceptance of technologically advanced products will create the growth opportunities for foster North America region

  Global Microcatheters Market

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U.S. dominated the North America microcatheters market with a revenue contribution of around USD 241 million in 2020 owing to the growing prevalence of neurovascular and cardiovascular diseases along with the increasing number of percutaneous coronary intervention procedures. In addition, surge in government initiatives, well-established healthcare facilities in the country, availability and accessibility to the technologically advanced products are some of the other attributes that are impelling the industry demand.

Brazil market size was more than USD 25 million in 2020. The increasing prevalence of chronic diseases in the country coupled with growing aging population are some of the major factors enhancing the market expansion. Furthermore, technological advancements, growing government initiatives to enhance better healthcare facilities and rising indications for the usage of microcatheter are some of the attributes contributing to the industry revenue.

Presence of large industry players implementing strategic initiatives will impel the market share

Some of the major companies operating in the market are Boston Scientific Corporation, Teleflex Inc., Penumbra Inc., Merit Medical System, Terumo Medical Corporation, Stryker, and Medtronic among others. The industry leaders are engaged in several strategic developments including product launches, partnerships, and mergers and acquisitions in order to remain competitive and strengthen their market position.

Recent industry developments:

  • In July 2020, ACIST Medical Systems, Inc. launched the second-generation microcatheter ACIST Navvus II Rapid Exchange FFR MicroCatheter. The company launched this product with its ACIST RXi Rapid Exchange FFR System. This development helped the company to create more reliance on its products in order to easily and rapidly guide treatment decisions by invasive physiologic measurement.
  • In May 2020, Transit Scientific launched the XO Cross Microcatheter platform after getting approval from FDA. The new non-tapered metal-alloy platform provides guidewire support, exchange, and contrast media injection in the peripheral vasculature. Such product launch helped the company to cater to a large customer base across the globe.

Microcatheters market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027, for the following segments:

Market, By Product, 2016-2027 (USD Million)

  • Delivery Microcatheters
  • Diagnostic Microcatheters
  • Aspiration Microcatheters
  • Steerable Microcatheters

Market, By Design, 2016 - 2027 (USD Million)

  • Single Lumen Microcatheters
  • Dual Lumen Microcatheters

Market, By Application, 2016-2027 (USD Million)

  • Cardiovascular
  • Neurovascular
  • Peripheral Vascular
  • Oncology
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

Frequently Asked Questions (FAQ) :

The overall market revenue for microcatheters surpassed USD 752 million in 2020 and will expand at a CAGR of 7.9% through 2027.
Steerable microcatheters market share will grow at an 8% rate through 2027 owing to their increasing usage in cardiovascular angiography as it decreases the failure rate and procedural time.
The market size for dual lumen microcatheters was valued at nearly USD 424 million in 2020 and will grow owing to its increasing adoption across developing nations and rising incidences of chronic disorders.
The Brazil microcatheters market size was valued at more than USD 25 million in 2020 driven by increasing elderly population and rising incidences of chronic diseases.

Premium Report Details

  • Published Date: Apr 2021
  • Pages: 200
  • Tables: 182
  • Charts / Figures: 16
  • Companies covered: 15
  • Countries covered: 18

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