Cardiac Microcatheter Market Emerging Growth Analysis, Future Demand and Business Opportunities 2028

The "Cardiac Microcatheter Market" size was valued at US$ 332.97 million in 2022 and is projected to reach US$ 487.20 million by 2028; it is expected to grow with a CAGR of 6.8% from 2023 to 2028.

An increasing prevalence of cardiovascular diseases and the growing use of percutaneous coronary intervention (PCI) for treating chronic total occlusions (CTO) are among the factors contributing to the cardiac microcatheter market growth. Microcatheter is defined as a small diameter catheter that is used in minimally invasive procedures for delivering devices. Its small build makes it ideal for navigating complex vasculature within the human body. It is used for guidewire support, exchanges, to access distal anatomy, cross lesions, deliver therapeutic embolic, inject contrast media, and perform other procedures in complex endovascular procedures. Microcatheters are also commonly used in percutaneous coronary intervention (PCI).

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Companies Profiled in this report includes:

• Boston Scientific Corp
• Teleflex Inc
• Medtronic Plc
• OrbusNeich Medical Group Holdings Ltd
• Asahi Intecc USA Inc
• Merit Medical Systems Inc
• Nipro Corp
• Terumo Corp
• Tokai Medical Products Inc
• Integer Holdings Corp

Significant progress has been made in this area over the past decade, given the novel product launches and approvals. However, the launch of new technical devices and strategic refinements are still being monitored in the procedures to combat CTOs as the microcatheters are used as a coronary interventional tool. This tool provides a therapeutic approach to complex coronary interventions such as bifurcation lesions, tortuous anatomy, ostial location, coronary calcification, angled takeoffs, and CTO. Terumo's FineCross MG microcatheter integrates cross ability and guidewire support for treating challenging cases including tortuous vessels, CTOs, bifurcations, as well as severely stenosed and calcified lesions. According to Europa Group, dual lumen microcatheters (DLMCs) have become indispensable tools in the context of PCI for the treatment of CTO. DLMC allows the preservation and management of bifurcated coronary branches within or near the CTO body. It also enables the usage of collateral selection, antegrade dissection and re-entry, modified parallel wiring, and retrograde negotiation of the distal CTO cap. Therefore, the growing usage of PCIs for treating CTO is catalysing the cardiac microcatheter market growth.

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Cardiac Microcatheter Market Segmentation:

By Indication:
• Coronary
• General Peripheral Vascular

By End User:
• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics

In Europe, public spending on healthcare has grown faster than domestic spending, but mainly in high-income countries. Eurostat stated that the EU's total government expenditure on healthcare in 2021 was ~US$ 1,283.98 billion (€ 1,179 billion), or 8.1% of the region's GDP. Germany recorded the highest healthcare expenditure among the EU member states, with US$ 530.60 billion (€ 432 billion) in 2020. France recorded the second-highest healthcare expenditure [US$ 345.14 billion (€ 281 billion)], followed by Italy [US$ 196.52 billion (€ 160 billion)] and Spain [US$ 147.39 billion (€ 120 billion)]. Further, the European Commission's EU4Health program, the Next Generation Recovery Funds, and the Horizon Europe Research Funds offer an opportunity to address the burden of cardiovascular diseases and improve the cardiovascular health of citizens by implementing preventative measures identified in an EU Action Plan for better cardiovascular health. This plan covers the overall patient journey, from prevention and early detection to access to care and treatment to quality of life and functioning status, considering the vital role of digitization and innovation at all stages. The increasing healthcare expenditure in developed and developing economies are expected to create ample opportunities in the cardiac microcatheter market.

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