Global Microcatheter
Market Report
2024
Microcatheter market was valued at USD 825.00 million in 2022 and will reach USD 1237.59 million by 2030, registering a CAGR of 5.2% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The microcatheter market was valued at USD 825.00 million in 2022 and will reach USD 1237.59 million by 2030, registering a CAGR of 5.2% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Microcatheter Market Sales Revenue 2022 | $ 825 Million |
Global Microcatheter Market Sales Revenue 2030 | $ 1237.59 Million |
Global Microcatheter Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.2% |
Market Split by Type |
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Market Split by Application |
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Market Split by Design |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Microcatheter Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Microcatheter is a small-diameter catheter that is used for minimally invasive surgeries. The size of a microcatheter ranges from 0.70-1.30mm in diameter. Microcatheter is ideal for navigating complex networks of blood vessels in the human body. These devices are commonly used in percutaneous coronary intervention (PCI). It is used for guidewire support, cross lesions, and to inject contrast media. Steerable microcatheters are used in cardiac applications such as balloon delivery. This improves the flow of blood in geriatric patients. Most of the microcatheters bear lubricious coating and an angled tip for easier penetration through delivery. Microcatheter usually find their application in medical and healthcare institutions.
The microcatheter gives an advantage of minimally invasive procedures which involves only small incisions avoiding the need for open surgery and plenty of recovery time. Microcatheters for minimally involved patients have increased patient compatibility and reduced infection rate, bleeding time, and fast recovery. Microcatheter with a size of 0.70-1.30mm is best suited for integrating fluids in channels. The tip of the microcatheter is equipped with a tiny gripping instrument that allows its movements and also moves microscopic objects. Microcatheters are commonly used in neurovascular, oncology, and arterial surfaces, due to their capability to reach the most complex network of veins. This technology is expected to drive the market growth of microcatheters.
Microcatheter in the treatment of bladder-related issues are accompanied by patient discomfort. During the surgery, the patient may experience cramps or cramp-like contractions. This is due to the balloon that has been compelled out of the bladder. Medications are given to reduce the severity and frequency of cramps. Using catheters can spread many infections due to blood or debris getting into the tube. These issues can impede the market growth of microcatheter.
The COVID-19 pandemic had negatively impacted the microcatheter market. The rising number of cardiovascular, neurovascular, and other surgical procedures was postponed or delayed during this phase. There was a high risk involved during the surgical interventions. The major factor contributing to this was increasing viral transmission and lockdowns. Surgeries of heart and cancer patients were postponed and only elective emergency surgeries were performed. Therefore, the drop in invasive procedures was seen during the pandemic which indirectly hampered the market growth of microcatheters.
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Terumo Medical Corporation had introduced AZURTM Vascular Plug, which was the only plug compatible with a microcatheter to occlude arteries up to 8mm in diameter. The PG ProTM peripheral microcatheter embolization system reduced the rate of blood flow in the arteries. These technologies delivered improved clinical outcomes and economic benefits.
Boston Scientific Corporation announced the acquisition of Obsidio Inc, a privately held company that had developed Gel Embolic Material technology. It was used for the embolization of blood vessels in the peripheral vasculature. It was a minimally invasive procedure intended to obstruct blood flow to an abnormality or tumor to stop hemorrhaging.
Top Companies Market Share in Microcatheter Industry: (In no particular order of Rank)
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Globally, the microcatheters market based on region is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American region is projected to have the largest share due to well-established healthcare infrastructure and facilities, greater incidences of heart diseases, and the availability of technology. The prevalence of cardiovascular and neurovascular disease in this region increases the number of percutaneous coronary intervention surgeries. They also comprise advanced interventional products and microcatheters for procedures. Therefore, these factors drive the market growth of microcatheters in this region
The current report Scope analyzes Microcatheter Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Microcatheter Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Microcatheter Industry growth. Microcatheter market has been segmented with the help of its Type, Application Design, and others. Microcatheter market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Aspiration microcatheter is expected to dominate the market during the forecast period.
Based on type, the microcatheter market is segmented into delivery microcatheter, aspiration microcatheter, and diagnostic microcatheter. The aspiration microcatheter is expected to dominate the market due to the increasing demand for peripheral artery disease, acute strokes, and aneurysms. These catheters allow quick blood flow by opening the channels and prevent distal embolism during interventional procedures. They are widely used in the removal of debris and thrombus from blocked vessels. Therefore, these factors are anticipated to increase the market growth of microcatheters.
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The cardiology segment is expected to hold the largest market share during the forecast period.
Based on application the microcatheter market is segmented into cardiology, oncology, and neurology. The cardiology segment is expected to hold the largest market share due to the rising prevalence of cardiovascular diseases. Cardiovascular disease is due to changing lifestyles such as lack of physical activities smoking, obesity, and rising blood pressure. Microcatheters have enhanced outcomes for complex coronary interventions. They target both chronic and non-chronic coronary lesions. Thus, the demand for microcatheters has increased at an exponential rate.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Microcatheter market report 2024 Edition by contacting our team.
Dual lumen microcatheter is expected to gain the largest market share during the forecast period.
The global microcatheter market based on product design is bifurcated into single-lumen microcatheter and dual-lumen microcatheter. The dual-lumen microcatheter segment gains the largest market share due to its several advantages. It offers easy access to the surgery site. Furthermore, the microcatheter can be used to administer more than one analgesic drug on infused drugs at the same time. This causes the cessation of multiple perfusions. Therefore, dual-lumen microcatheter are mostly used in interventional cardiology procedures. Thus, fuels the market growth of the microcatheter segment.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Microcatheter Market is witnessing significant growth in the near future.
In 2023, the Delivery Microcatheter segment accounted for noticeable share of global Microcatheter Market and is projected to experience significant growth in the near future.
The Cardiology segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Boston Scientific Corporation , Terumo Medical Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Delivery Microcatheter, Aspiration Microcatheter, Diagnostic Microcatheter |
Application | Cardiology, Oncology, Neurology |
Design | Single Lumen Microcatheter, Dual Lumen Microcatheter |
List of Competitors | Boston Scientific Corporation, Asahi Intecc Co. Ltd., Terumo Medical Corporation, Cook Group, Teleflex Incorporated, Medtronic Plc., Becton Dickinson and Company, Stryker Corporation, Johnson & Johnson |
This chapter will help you gain GLOBAL Market Analysis of Microcatheter. Further deep in this chapter, you will be able to review Global Microcatheter Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Microcatheter Market Trends North America Microcatheter Technological Road Map North America Microcatheter Market Drivers North America Microcatheter Market Restraints North America Microcatheter Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Design Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Microcatheter market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Delivery Microcatheter have a significant impact on Microcatheter market? |
What are the key factors affecting the Delivery Microcatheter and Aspiration Microcatheter of Microcatheter Market? |
What is the CAGR/Growth Rate of Cardiology during the forecast period? |
By type, which segment accounted for largest share of the global Microcatheter Market? |
Which region is expected to dominate the global Microcatheter Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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