The Next Decade See Radiology Microcatheters Market Pushed Towards Exponential Advancement

by Kalyani Badkas
Posted: Oct 12, 2022

According to the latest research by Persistence Market Research, Radiology Microcatheters market is set to witness a 7.6% growth during the year 2021-2031. The market is anticipated to observe growth due to growing adoption of minimally invasive surgeries, and the rising number of microcatheter-supported clinical research studies. Moreover, the growing utilization of technologically advanced products and several government initiatives are supporting the development of the market.

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What is Driving Demand for Radiology Microcatheters?

Microcatheters are hollow, small tubes, which are implanted into blood vessels utilized in several interventional procedures and are intended to convey different interventional products to the blood vessels and are also used in various therapeutic and diagnostic procedures.

The surge in number of cancer cases coupled with increasing adoption of minimally invasive procedures are primary factors boosting the growth of the radiology microcatheters market.

Rising awareness among people about the cancer treatment and the initiatives undertaken by the government to control the incidence rate is expected to drive the radiology microcatheters market growth.

Rise in Initiatives Taken for Control and Prevention of Cancer, likely to boost Radiology Microcatheters Sales

The most widespread disease currently is cancer, which has led to rise increased the need for rapid treatment. Hence, various programs and initiatives are being undertaken by governments of different countries to control and prevention of cancer, which is anticipated to drive the market.

For instance, the CPCRN (Cancer Prevention and Control Research Network) is a national initiative taken for controlling and preventing the burden of cancer across the globe.

Also, the availability of technologically advanced microcatheters is anticipated to increase the adoption of these Microcatheters. For instance, U.S. Food and Drug Administration (FDA) approved the SeQure Microcatheters which is developed to lessen the danger of non-targeted embolization with the help of its fluid barrier technology.

US and Canada Radiology Microcatheters Market Outlook

The US and Canada radiology microcatheters market is projected to observe a healthy growth in the market because of the rising government initiatives, presence of well-developed healthcare infrastructure in the countries and rise in awareness campaigns regarding cancer.

Furthermore, rising incidence of cancer and increase in demand for minimally invasive procedures are likely to fuel demand in US. As per the American Cancer Society, the new cases of bladder cancer reported in 2020 in Americans were about 81,400, and around 17,980 patients died because of it in the United States.

Europe Demand Outlook for Radiology Microcatheters

Europe is expected to be second dominating region for market because of several factors. European market is likely to observe gradual growth primarily because of the rising geriatric population and rising prevalence of chronic diseases.

Moreover, rising healthcare expenditure and increase in research activities for development of advanced microcatheters coupled with growing adoption of minimally invasive surgeries will drive the market growth.

Some of the leading manufacturers and suppliers of Radiology Microcatheters include-

Terumo Corporation
Merit Medical Systems Inc.
Cook Medical
Boston Scientific Corporation
Medtronic plc
Guerbet
Teleflex Inc.
Others

Key Segments

By Product Type

Diagnostic Microcatheters
Delivery Microcatheters
Steerable Microcatheters
Aspiration Microcatheters

By Design

Single Lumen Microcatheter
Multi Lumen Microcatheter

By Application

Cardiovascular
Neurovascular
Oncological
Urological
Peripheral Vascular
Others

By End User

Hospitals
Ambulatory Surgical Centers
Clinics
Diagnostic Centers

By Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa