Global Microcatheters Market Estimated $ 1039.54 Billion Growth By 2026

Global Microcatheters Market By Type (Delivery; Diagnosis; Aspiration; Steerable); Design (Single-Lumen; Dual-Lumen); Application (Cardiovascular; Neurovascular; Peripheral Vascular; Oncology; Urology; Otolaryngological; Others)

Market Analysis: Global Microcatheters Market

Global microcatheters market is expected to rise to an estimated value of USD 1039.54 million by 2026 registering a substantial CAGR in the forecast period of 2019-2026. This rise in the market can be attributed to the rising patient population and a rise in the adoption of minimally invasive procedures.

Market Definition: Global Microcatheters Market

Microcatheters are thin-walled, small-diameter delivery/access devices which are used in minimally invasive surgical procedures. Microcatheters are useful for the navigation, access of veins and delivery of therapeutics inside the body to its target location. They are extensively used in the neurovascular and cardiovascular fields for diagnostic and interventional surgical procedures.

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Segmentation: Global Microcatheters Market

By Type

• Delivery
• Diagnosis
• Aspiration
• Steerable

By Design

• Single-Lumen
• Dual-Lumen

By Application

• Cardiovascular
• Neurovascular
• Peripheral Vascular
• Oncology
• Urology
• Otolaryngological
• Others

By End-User

• Hospitals, Surgical Centers & Specialty Clinics
• Ambulatory Care Centers

By Geography

• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa

Key Developments in the Market:

• In November 2018, ASAHI INTECC CO., LTD. announced that their subsidiary Asahi Intecc USA signed an affirmative agreement with Medtronic, to exclusively distribute Asahi Intecc’s neurovascular guidewire and microcatheter.
• In January, 2018, Guerbet announced that they had acquired Accurate Medical. Accurate medical has developed microcatheters for tumors and vascular aneurysms. With this acquisition, Guerbet would enhance its market position in interventional radiology and expand its current product portfolio.

Competitive Analysis: Global Microcatheters Market

Global microcatheters market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of microcatheters market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Focus of the report :

1. CAGR values in the market for the forecast period
2. Key trends in the market place
3. Major players and brands
4. Historical and current market size and projection up to 2026.
5. Detailed overview of parent market
6. Changing market dynamics of the industry

Key Market Competitors: Global Microcatheters Market

Few of the major market competitors currently working in the microcatheters market are Cardinal Health., Medtronic, BD, Stryker, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Medical Corporation, Teleflex Incorporated, ASAHI INTECC CO., LTD., Biomerics, Merit Medical Systems, DePuy Synthes, AngioDynamics, Cook, BTG International Ltd., Penumbra, Inc., Tokai Medical Products Inc., Koninklijke Philips N.V., Baylis Medical Company, Inc., amongst others.

Market Drivers

• Rising incidence of cardiovascular and chronic diseases, which in turn increases the target patient population henceforth boosting the growth of this market
• Rise in the number of studies and researches based on micro-catheter applications
• Improvements in the reimbursement policies in hospitals would also boost the growth of this market
• Technological progression in catheter technology
• Promotion of the various initiatives taken by the governments to provide better healthcare facilities is expected to boost the growth of the market

Market Restraints

• High cost of micro-catheter products will hinder the growth of the market
• Unfavorable taxation policies and increasing presence of strict regulations would hinder the growth of this market
• Increased levels of recalls associated with the product category is expected to restrain the market growth

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