Micro Guide Catheters Becoming A Billion Dollar Market by 2020, says TMR

Micro guide catheters are used to get to increasingly difficult lesions in the human anatomy through the most complex ducts, vessels, or cavities. Used mostly in cardiovascular and neurovascular procedures, micro guide catheters can be flow-directed or over-the-wire. Micro guide catheters are designed with glide technology and have a hydrophilic coating in addition to a gold marker and a stainless steel braid. In recent years, companies across the industry have been developing advanced and intricately designed micro guide catheters to offer surgeons superior wire handling and support so as to be able to treat the most damaged lesions.

The report on the global micro guide catheters market uncovers some of the latest trends and consumption patterns governing the market today. The key factors propelling the growth of the micro guide catheters market and those that pose a challenge to its development have been identified and reviewed in depth. Objective qualitative as well as quantitative inputs by industry experts have also been included in this study to give clients a well-rounded overview of the micro guide catheters market. Industry-specific business intelligence tools such as SWOT analysis, the Porter’s Five Forces analysis model, market attractiveness, and value chain analysis have been deployed to ensure the most current research data is made available to clients.

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Micro guide catheters offer their users a number of advantages over conventional catheters. These include better reliability and improved tensile strength. These benefits presented by the stainless steel braid in micro guide catheters are one of the most significant factors driving the global market. The flexibility of the tip of a micro guide catheter and enhanced guidewire control offered by the tapered catheter lumen also serve as key growth boosters.

Apart from this, there have been an increasing number of market players venturing into new product launches and increased research and development activities, thereby greatly supporting the market for micro guide catheters. The use of micro guide catheters in the field of cardiology has witnessed a recent surge owing to the soaring prevalence of cardiovascular diseases across the globe. The growing use of micro guide catheters in the treatment of conditions such as arterial embolism, vascular malformations, uterine fibroids, pulmonary or venal embolism, and hyper vascularized tumors has also significantly propelled the micro guide catheters market.

In contrast, risks associated with the material of the catheter and other functional issues pose a threat to the expansion of the micro guide catheters market.

Geographically, the worldwide market for micro guide catheters has been segmented into North America, Asia Pacific, Europe, and Rest of the World. Presently, North America dominates the global micro guide catheters market and is estimated to retain its lead through 2024. The growth of this market can be attributed to the surging volumes of medical and surgical procedures conducted via catheterization. The growing contribution of the healthcare sector toward the regional economy, the availability of established and advanced healthcare infrastructure, and high patient compliance are also responsible for the expansion of the micro guide catheters market in North America. Asia Pacific is projected to emerge as a strong contender in the global market for micro guide catheters by 2024, witnessing rapid growth owing to a massive population base and consistent improvements in the healthcare industry.

The prominent players competing in the global micro guide catheters market include Merit Medical Systems Inc., Terumo Europe N.V., ASAHI INTECC Company Limited, Volcano Corporation, LuMend Corporation, Micro Therapeutics Inc., Lake Region Manufacturing Inc., Boston Scientific Corporation, and Covidien AG.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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This release was published on openPR.