Press release
Microcatheters Market by Type (Delivery, Diagnosis, Aspiration, Steerable), Application (Cardiovascular, Neurovascular, Peripheral Vascular, Oncology, Urology)
"The global microcatheters market is projected to reach USD 1200 Million by 2028 from USD 800 Million in 2020, at a CAGR of 5.5% from 2021 to 2028."
Exactitude consultancy, offers 2022 Report for Microcatheters Market. Microcatheter advancements have improved the outcomes of complex percutaneous coronary interventions aimed at both chronic and non-chronic coronary lesions. As a result, the demand for microcatheters has risen exponentially, propelling the overall industry forward. Furthermore, the growing target patient population has boosted market growth. The presence of large industry players carrying out strategic initiatives will drive market share.
Among the market's major players are Boston Scientific Corporation, Teleflex Inc., Penumbra Inc., Merit Medical System, Terumo Medical Corporation, Stryker, and Medtronic. In order to remain competitive and strengthen their market position, industry leaders are engaged in a variety of strategic developments such as product launches, partnerships, and mergers and acquisitions.
High acceptance of technologically advanced products will create opportunities for the North America region to grow.
Due to the increasing prevalence of neurovascular and cardiovascular diseases, as well as the rise in number of percutaneous coronary intervention procedures, the United States dominated the North America microcatheters market in 2020, with a revenue contribution of around USD 240 million. Furthermore, an increase in government initiatives, well-established healthcare facilities in the country, and availability and accessibility to technologically advanced products are some of the other factors driving industry demand.
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Some key Microcatheters Market players are Boston Scientific Corporation (US), Medtronic Plc (Ireland), Terumo Corporation (Japan), ASAHI INTECC CO., LTD. (Japan), MERIT MEDICAL SYSTEMS, INC. (US), Teleflex Incorporated (US), Johnson and Johnson (US), Stryker Corporation (US), Cook Group Incorporated (US), Cardinal Health, Inc. (US), Becton, Dickinson and Company (US), B. Braun Melsungen AG (Germany), AngioDynamics, and others.
Instance Developments->
Medtronic Plc (Ireland) is a market leader in the microcatheter market. Medtronic has a strong product portfolio for microcatheters and is focusing on inorganic business growth strategies such as acquisitions and expansions to strengthen its current position in the microcatheters market.
Segmentation Overview->
The steerable segment is expected to grow at a 7.5% annual rate until 2028. When compared to standard microcatheters, the use of steerable microcatheters in cardiovascular angiography resulted in a lower failure rate and shorter procedure time. The ability to change the degree of angulation of the steerable microcatheter's tip in real-time has the potential to improve its efficiency of super-selective vessel cannulation. The market for dual lumen microcatheters is expected to be worth around USD 424 million in 2020, owing to the benefits it provides, such as easy access to the procedure site. Furthermore, significant adoption of dual lumen microcatheters in developing markets, combined with the rising prevalence of chronic disorders such as neurovascular, oncology, and cardiovascular disease, among others, has fuelled industry growth.
Microcatheters Market Segmentation:
Microcatheters Market by Type, 2021-2028, (IN USD Million)
Delivery
Diagnosis
Aspiration
Steerable
Microcatheters Market by Design, 2021-2028, (IN USD Million)
Single Lumen
Dual Lumen
Microcatheters Market by Application, 2021-2028, (IN USD Million)
Cardiovascular
Neurovascular
Peripheral Vascular
Oncology
Urology
Microcatheters Market by End-User, 2021-2028, (IN USD Million)
Hospitals, Surgical Centers, and Specialty Clinics
Ambulatory Surgical Centers
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The Report's Table of Contents includes
1. Summary
Characteristics of the Microcatheters Market
Market trends and strategies for Microcatheters
Impact of COVID-19
Five. Market size and growth of Microcatheters
…… 27. Competitive Environment and Company Profiles in the Microcatheters Market
Major mergers and acquisitions in the Microcatheters Market
Future Outlook and Potential Analysis of Microcatheters Market
30 appendixes
This report covers the trends and market dynamics of the Microcatheters Market in the key countries of Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and US. The report also includes consumer research and various future opportunities of the Market.
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