Global Microcatheters Market is Projected to touch USD 1057.8 Million & growing at the CAGR of 5.6% during the forecast period | BlueWeave
Browse report URL for more information about Global Microcatheters Market @ https://www.blueweaveconsulting.com/report/global-microcatheters-market-report
The growing acceptance of invasive surgeries propelling the market forward
Significant acceptance of minimally invasive surgeries is the latest market trend. The reasons contributing to the demand for such surgeries are the benefits of fast recovery with less pain and fewer complications. Minimally invasive techniques, which involve only minor wounds on the skin's surface, cause less post-operative pain, and discomfort. Furthermore, these surgeries allow the patient to recover quickly and return to their normal routine. Microcatheters are tools used for invasive surgeries, especially vascular diseases. The demand for this device is growing worldwide because of its ability to diagnose, direct, and administer embolic agents to specific areas with minimally invasive procedures.
Rising cardiovascular diseases boosting the market growth
The growing prevalence of cardiovascular diseases also contributes to the growth of the microcatheters market. Unhealthy lifestyles such as smoking or consuming excessive fast food, or hypertension caused by stress and anxiety are the major factors that cause heart disease and strokes. Cardiovascular diseases are among the top ten foremost causes of death across the world. It distresses more people than any other disease. Microcatheters are frequently employed in neurovascular and cardiovascular surgical operations as these catheters enable doctors to navigate the complex network of blood vessels that make up the human body.
High cost of treatment and less awareness among people impeding market growth
Medical treatment with microcatheters for surgical or diagnostic procedures is expensive and out of reach for many individuals in developing countries, particularly the middle class. Furthermore, many individuals are unaware that the equipment can be used for minimally invasive surgeries, limiting the market growth. Furthermore, many developing countries, such as those in Asia-Pacific, Africa, and the Middle East, do not have easy access to healthcare services.
Browse TOC with Facts and Figures @ https://www.blueweaveconsulting.com/report/global-microcatheters-market-report/toc
Impact of COVID-19 in the industry
The COVID-19-induced pandemic has had a negative impact on the global microcatheters market. Due to the pandemic, there is a substantial risk of infection, particularly during any surgical procedure among hospitalized patients. This is the primary reason why surgeons around the world have postponed the most drastic surgical procedures. Hospitals are already overburdened with sick patients. Additionally, a shortage of qualified medical staff is another key reason for not favoring any diagnostic test or surgical operation. Medical care facilities, on the other hand, are returning to normal in countries where the number of COVID-19 cases is decreasing. Furthermore, several government efforts and alliances are assisting in the provision of clinical emergency care to patients with cardiovascular disorders.
The steerable segment occupies the largest share of the global microcatheters market
Based on type, the global microcatheters market is divided into Delivery, Diagnosis, Aspiration, and Steerable segment. Among these, the steerable microcatheters segment is predicted to grow with the maximum CAGR during the forecast period. The procedural advantages of steerable microcatheters are the primary reason behind the growth of this segment. Furthermore, an increasing number of image-guided and minimally invasive medical procedures across economies are the additional reasons contributing to the growth of this segment. Also, the growing acceptance of robotically operated surgical procedures and rising incidences of vascular diseases are helping in the growth of the steerable section.
North America is expected to witness significant growth in the market during the forecast period
Based on region, the global microcatheters market is categorized into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Among all, North America holds the largest market share. The increasing prevalence of cardiovascular diseases, coupled with high per capita healthcare spending, and the availability of better and more advanced healthcare facilities in North America have caused consumers to spend more on healthcare, thereby contributing to the growth of this region.
However, the Asia Pacific is also likely to grow at the highest CAGR during the forecast period. Rising economies in the APAC region, such as India, China, and advanced markets of Japan and Australia offer high growth chances for companies in microcatheters.
Request For Free Sample Report @
Leading Players Gaining Competitive Edge over Emerging Players
The leading players in the global microcatheters market are Boston Scientific Corporation, Codman Neuro, Medtronic, Biometrics, Asahi Intecc USA, Inc., Merit Medical Systems, Inc., Stryker, Terumo Medical Corporation, Tokai Medical Products, Inc., and Penumbra, Inc. and other key manufacturers.
The key players are embracing consistent growth strategies to expand their product offerings, and strengthen their geographical reach besides surging customer base to capture the large market share. Additionally, many leading players are struggling to bring more technologically advanced instruments to the market to stay ahead of the pack. However, strict regulatory practices, product recalls, and a lack of skilled medical professionals act as an essential restraint to the global microcatheters market.
Do not miss the business opportunity of the Global Microcatheters Market. Consult our analysts to gain crucial insights, and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global microcatheters market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global microcatheters market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Please find below some related report:
BlueWeave Consulting & Research Pvt. Ltd
US: +1 866 658 6826 | +1 425 320 4776
UK: +44 1865 60 0662
Email – firstname.lastname@example.org
Linked In Page: https://www.linkedin.com/company/blueweaveconsulting/
112 - H160 - BSI Business Park Sector - 63, Noida U.P. - India
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. BWC has built its reputation from the scratches by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Microcatheters Market is Projected to touch USD 1057.8 Million & growing at the CAGR of 5.6% during the forecast period | BlueWeave here
News-ID: 2372483 • Views: 190
More Releases from BlueWeave Consulting & Research Pvt Ltd.
United States Enhanced Water Market Size, Share Growth is Projected to Growing a …
The United States enhanced water market is growing at high rate because of the rising health awareness and the need for additional nutritional supplements in the body due to a busy lifestyle.... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the US enhanced water market was worth USD 2,131.0 million in the year 2020. The data yielded by the study reveals that the
Global Electronic Bill Presentment and Payment (EBPP) Market Size & Share is Gro …
Electronic bill presentment and payment (EBPP) market is being driven by factors such as globalization, businesses expanding overseas, and consumers increasingly using plastic money. Market growth is also driven by the use of high-speed internet access on smart phones... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global electronic bill presentment and payment (EBPP) market was worth 18.5 number of bills in
Global Fatty Alcohol Market Size & Share is Predicted to Garner USD 8.4 Billion …
The global fatty alcohol market is growing at a high CAGR because of the increasing demand for bio-based renewable products to promote sustainability and control dependence on non-renewable products such as petrochemicals... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global fatty alcohol market was worth USD 5.5 billion in the year 2020. The market is estimated to grow at a CAGR
Global Medical Goggle Market Size, Share & Growth is Projected to Grow at a CAGR …
The global medical goggle market is growing at a high CAGR because of the increasing demand for surgical procedures and prevalence of infectious diseases and stringent regulations regarding the safety of healthcare workers... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global medical goggle market was worth USD 443.4 million in the year 2020. The data generated by the study reveals that
More Releases for Microcatheters
Microcatheters Market Revenue, Industry Growing Demand, Top Companies, Regional …
The Global Microcatheters Market is projected to reach USD 924 Million by 2027 from USD 688 Million in 2018, at a CAGR of 5% from 2021 to 2027. Micro catheters are delivery devices primarily used in minimally invasive applications. These tiny catheters are considered idyllic, traversing the vast system of tiny veins surrounding the body. Micro catheters are widely used both in medical devices and in the medical industry. Typically used
Microcatheters Market Growing Trade Among Emerging Economies Opening New Opportu …
Micro-catheters are a broader concept that describes the devices mostly to elaborate thin wall, the small diameter catheters as well as the delivery tools in minimally invasive applications. These small sized catheters are the most suitable option to navigate the wide range of tiny veins. Micro-catheters are majorly used in cardiovascular applications, where usually such devices are needed to operate under (FR) 6 French, while the neurovascular catheters are used
Microcatheters Market | The major players operating in the Microcatheters Market …
According to the new market research report "Microcatheters Market by Type (Delivery, Diagnosis, Aspiration, Steerable), Design (Single, Dual Lumen), Application (Cardiovascular, Neurovascular, Peripheral Vascular, Oncology, Urology), End-User (Hospital, Specialty Clinics) - Global Forecasts to 2024", published by MarketsandMarkets™, the Microcatheters Market is projected to reach USD 924 Million by 2024 from USD 688 Million in 2018, at a CAGR of 5.0%. Don't miss out on business opportunities in Microcatheters Market. https://www.marketsandmarkets.com/Market-Reports/microcatheter-market-184715728.htm?utm_source=OpenPR&utm_medium=Paidl Growing target
Microcatheters Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Microcatheters Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-microcatheters-market_p112789.html Micro-catheters are commonly found throughout the medical device and
Microcatheters Market Size & Share - Industry Trends and Forecast 2017 - 2025
MarketResearchReports.Biz announces addition of new report "Microcatheters Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" to its database. The objectives of this study are as follows: To define, describe, and forecast the "Microcatheters" market by type, application, component, delivery model, end user, and region To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges) To analyze micromarkets with respect to individual growth
Microcatheters Market Development Trends And Competitive Analysis 2025
Microcatheters are thin, tube-like, disposable medical devices used in minimally invasive procedures for a wide range of medical applications. Microcatheters are ideal for navigating the wide network of the blood vessels within the body and detecting the lesions prior to balloon dilation/stenting procedures. These are also used to facilitate the placement/exchange of guidewires and other interventional devices for infusion/delivery of diagnostic and therapeutic agents. Microcatheters are most commonly used in