Global Microcatheters Market is Estimated to Value Over USD 900 Million by 2026 End

  • 28 Aug 2019

Global Microcatheters Market is estimated to value over USD 900 million by 2026 end and register a CAGR of over 5% during the forecast period 2019 to 2026.

The increasing population of target-based patients who are suffering from neurovascular disorders, cardiovascular diseases and cancer, increasing number of microcatheter-assisted rising adoption of minimally invasive surgeries are some integral factors responsible for the global microcatheters market growth.

The Steerable Microcatheter Segment is expected to Significantly Proliferate Over the Forecast period

The growing number of minimally invasive and image-guided medical procedures, a paradigm shift towards robotically operated surgical platforms, procedural advantages related to the steerable microcatheters and rising prevalence of vascular diseases are some key factors that propel the microcatheters market in the forward direction.

The liver cancer segment held the largest market share in 2018. The dominance of liver cancer segment is accredited to factors like increasing cases of liver cancer across the world and growing initiatives or research and development activities for providing liver cancer therapies using microcatheters.

North America held the largest share in the global microcatheters market in 2018. Nonetheless, the Asia Pacific region is predicted to grow at the highest CAGR during the forecast period. Developing economies in the region such as China, India and South Korea along with developed regions such as Australia and Japan are offering high-growth and profitable opportunities for key market players in the field of microcatheters. This can be credited to factors like the presence of a large patient pool, increasing prevalence and incidence of target diseases, growing healthcare infrastructure, especially in developing Asian countries and favourable government initiatives. 

Global Microcatheters Market Segmentation:

By Product Type

  • Delivery Microcatheters
  • Aspiration Microcatheters
  • Diagnostics Microcatheters
  • Steerable Microcatheters

By Product Design

  • Single-Lumen Microcatheters
  • Dual-Lumen Microcatheters

By Application

  • Cardiovascular Applications
  • Neurovascular Applications
  • Peripheral Vascular Applications
  • Oncological Applications
  • Urological Applications
  • Otolaryngological Applications 
  • Other Applications

By End User

  • Hospitals, Surgical Centres & Speciality Clinics
  • Ambulatory Care Centres

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Competitive Landscape:

  • Tier 1 players- established companies in the market with a major market share  
  • Tier 2 players 
  • Emerging players which are growing rapidly 
  • New Entrants

Key market players include Cardinal Health, Inc., Medtronic PLC, Becton, Dickinson and Company, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Medical Corporation, Teleflex Incorporated, Asahi Intec Co., Ltd., Merit Medical Systems, Inc., Johnson & Johnson (DePuy Synthes), Angiodynamics, Cook Group, Penumbra, Inc., BTG PLC. 

FutureWise Key Takeaways:

•    Growth prospects

•    SWOT analysis

•    Key trends

•    Key data-points affecting market growth

Objectives of the Study:

  • To provide with an exhaustive analysis on the global microcatheters market by product type, by product design, by application, by end user and by region
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions (along with countries)— North America, Asia Pacific, Europe, Latin America and Middle East & Africa
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
  • Profiling of companies to evaluate their market shares, strategies, financials and core competencies

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