According to FutureWise analysis the market for Micro Guide Catheters in 2023 is US$ 58.78 billion, and is expected to reach US$ 87.16 billion by 2031 at a CAGR of 5.82%.
Catheters are thin tubes used for medical purposes. They can be placed into a bodily cavity to provide fluids, medicines, and gases. Catheters can treat neurological, gastrointestinal, ophthalmic, urological, and cardiovascular diseases. Catheters are constructed of various polymers, such as silicone rubber, polyurethane, polyethylene terephthalate, latex, nylon, and thermoplastic elastomers. Silicone is the only polymer considered inert and insensitive to physiological fluids. Micro-guide catheters are useful in the treatment of vascular anomalies, uterine fibroids, hyper vascularized tumors, venal or pulmonary embolisms, and arterial embolisms. The micro guide catheter was designed to access highly complex lesions in the human anatomy via the most difficult veins, ducts, or cavities.
Catheters are devices fitted with a thin medical device made of high-graded material. Catheterization is the method of inserting a catheter into the human body during surgery to treat various ailments. They are used to treat diseases such as urology, neurovascular, and cardiovascular disorders, among others. The product's widespread use is expected to fuel the growth of the worldwide micro guide catheters market. The patient pool has grown due to the growing senior population suffering from lifestyle disorders such as heart failure and atherosclerosis. This feature is expected to aid the growth of the micro guide catheters market.
The rising demand for minimally invasive procedures worldwide is fueling the growth of the micro-guide catheters market. Minimally invasive procedures substitute smaller skin incisions for bigger ones. Minimally invasive procedures have grown significantly in recent years because they provide benefits like shorter hospital stays, faster recovery times, and a lower chance of complications. In minimally invasive operations, micro-guide catheters reduce the trauma to the patients by leaving tiny incisions on their bodies, causing less blood loss and discomfort, and hastening their recovery. The market for micro-guide catheters is expected to grow as minimally invasive techniques become more widely used. Moreover, the market is expanding quickly, primarily due to aging populations, growing healthcare expenses, increased peripheral arterial disease (PAD) cases, and increased usage of interventional radiology. The majority of the elderly population is expected to be 60 years or older by 2050, according to the World Health Organisation, which emphasizes the need for expanded use of microcatheters to lower the risk of infections or postoperative complications. Additional factors contributing to the market's growth include the rising demand for neurovascular procedures, the expansion of catheterization labs, the popularity of hybrid operating rooms, the rising need for specialized micro-guide catheters, and the rising use of robotic-assisted micro-guide catheterization. However, the high cost of micro-guide catheters is one of the main factors restricting the market's expansion. A further obstacle preventing industry expansion is the lack of skilled professionals with the necessary skills to execute micro-guide catheterization. The legislative restrictions on micro-guide catheters in many countries and the competition from alternative technologies, which can provide equivalent or better benefits in some applications, are additional factors that limit the market's growth rate.
FutureWise Market Research has published a report that provides an insightful analysis of micro guide catheters market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry.
According to the analysis conducted by FutureWise research analysts, the micro guide catheters market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.