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Microcatheters Market Trends

  • Report ID: GMI3572
  • Published Date: Sep 2023
  • Report Format: PDF

Microcatheters Market Trends

Technological advancements are often targeted at offering better care products while also increasing demand. Some of the key industry players are noted to focus on the development and introduction of innovative and technologically advanced product offerings, which play a vital role in market growth. For instance, Boston Scientific Corporation received 510(k) clearance for the TRUSELECT microcatheter from the U.S. FDA. This microcatheter is intended for peripheral vascular use. The microcatheter can be used for selective infusion of diagnostic, embolic, or therapeutic materials into the vessel.

 

Moreover, innovations in microcatheter design, along with 3D mapping systems and robotic-assisted catheterization to improve the accuracy and precision of catheter-based procedures, will boost product demand. Moreover, microcatheters are equipped with advanced features such as real-time imaging and navigation that allow for less invasive interventions with smaller incisions, shorter recovery times, and reduced patient discomfort. Such technical advances allow physicians to extend treatment windows while enhancing the success rate fuelled by increased product adoption, thereby stimulating the industry's growth potential over the forthcoming years.

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Microcatheters industry size was USD 918 million in 2022 and may exceed USD 1,566 million by the end of 2032 due to the surging cardiovascular diseases, higher advancements in medical imaging, and rising preference for minimally invasive procedures.

Demand for steerable microcatheters is anticipated to witness 5.5% CAGR over up to 2032 driven by rising utilization in cardiovascular angiography to enhance success rates and reduce procedural time.

Microcatheters industry size from the cardiovascular segment reached USD 373 million in 2022 attributable to the surging incidence rate of cardiovascular disorders (CVDs).

North America microcatheters industry size was USD 311 million in 2022 owing to the rising prevalence of neurovascular and cardiovascular diseases.

Microcatheters Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 188
  • Countries covered: 17
  • Pages: 160
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