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Microcatheters Market

Microcatheters Market Size, Share & Segment By Product Type (Delivery Microcatheters, Aspiration Microcatheters, Diagnostic Microcatheters, Steerable Microcatheters), By Product Design (Single-Lumen Microcatheters, Dual-Lumen Microcatheters), By Application (Cardiovascular, Neurovascular, Peripheral Vascular, Oncological, Urological, Otolaryngological), By End User (Hospitals, Surgical Centers, and Specialty Clinics, Ambulatory Surgical Centers), by Regions and Global Forecast 2022-2028

Report Id: SNS/HC/2616 | July 2022 | Region: Global | 133 Pages

Report Scope & Overview:

The Microcatheters Market Size was valued at USD 1.91 billion in 2021, and is expected to reach USD 2.51 billion by 2028, and grow at a CAGR of 4% over the forecast period 2022-2028.

In minimally invasive procedures, small-diameter microcatheters are employed. They can be introduced into a bodily cavity or conduit and are flexible, allowing for the drainage of fluids or gases with the use of various surgical tools. Microcatheters are small devices that can be inserted into an artery or vein to detect blood pressure.

Microcatheters Market

Frequently, microcatheters are utilised to represent the skeletal wall. These tiny catheters are ideal for examining the vast network of small veins found inside the human body. These tiny catheters are the best choice for navigating the body's extensive system of tiny veins. The medical device and healthcare sectors frequently use micro-catheters. To meet the demand on the global market from various doctors and healthcare providers who can design and produce an innovative equipment, businesses are continually improving and selling their products.

MARKET DYNAMICS

DRIVERS

  • Growing Popularity of Minimally Invasive Surgery

  • Increase in the Population of the Target Patients

  • There are more clinical research studies using microcatheters.

RESTRAINTS

  • Pricing for High-End Goods

  • Trade restrictions and tax policies

OPPORTUNITIES

  • Technological advancements in the medical field

  • Government spending should be increased to improve the healthcare system.

CHALLENGES

  • Product development and manufacturing-related complexity

IMPACT OF COVID-19

Medical supplies are increasingly in demand as a result of the afflicted population. Respiratory support devices, including atomizers, life support machines, oxygen generators, and monitors, are among the most commonly used medical devices in the frontline of clinical care. Additionally, COVID-19 has caused a significant increase in demand for medical goods like gloves, masks, and protective eyewear. There is a growing demand for medical supplies from both healthcare professionals and the general public as a result of an increase in COVID-19 cases around the world. Personal protective equipment producers have the chance to benefit from the expanding market for medical supplies in order to have a sufficient and consistent supply of these products on the market.

By Product Type

Delivery microcatheters, aspiration microcatheters, diagnostic microcatheters, and steerable microcatheters are several categories of microcatheters available in the market. The steerable microcatheter segment is expected to experience the highest CAGR during the forecast period due to increasing prevalence of vascular diseases, rise in image-guided and minimally invasive medical procedures in major countries, shift from manually operated devices to robotically operated surgical platforms, and procedural advantages of steerable microcatheters.

By Product Design

Based on product design, the global microcatheter market is divided into single-lumen and dual-lumen microcatheters. Comparatively larger than the previous one, the dual lumen microcatheter is expected to expand more quickly over the projected period. It is because dual lumen microcatheters have many advantages over single lumen microcatheters, including simple access to the procedure site. Multiple infusions are not necessary since a Dual-Lamen Microcatheter can deliver numerous analgesics or medications simultaneously rather than requiring multiple perfusions. It also performs the same functions as two microcatheters and is favored for interventional cardiology procedures.

By Application

With a proportion of the overall market, the cardiology segment has the most market presence. The reason for this is the worldwide increase in cardiovascular illnesses. Cardiovascular diseases are expected to claim the lives of more than 3.6 million people (CVD). The main factors contributing to CVDs are unhealthy lifestyle choices include inactivity, obesity, smoking, drinking, and having high blood pressure.

By End User

Hospitals, surgical facilities, specialised clinics, and ambulatory care facilities are the market segments for microcatheters. The segment of hospitals, surgical centres, and specialty clinics had the largest market share, primarily because of the expansion of hospitals and specialty clinics in developing nations, the rise in the prevalence of target diseases, and the high volume of surgical and diagnostic procedures carried out at these facilities.

COMPETITIVE LANDSCAPE

Some of the major key players are as follows: Asahi Intec Co., Ltd., Boston Scientific Corporation, Cook Group Incorporated, Johnson and Johnson, Cardinal Health, Inc., Merit Medical Systems, Inc., Teleflex Incorporated, Medtronic Plc, Stryker Corporation, Terumo Corporation.

MARKET SEGMENT

By Product Type

  • Delivery Microcatheters

  • Aspiration Microcatheters

  • Diagnostic Microcatheters

  • Steerable Microcatheters

By Product Design

  • Single-Lumen Microcatheters

  • Dual-Lumen Microcatheters

By Application

  • Cardiovascular

  • Neurovascular

  • Peripheral Vascular

  • Oncological

  • Urological

  • Otolaryngological

By End User

  • Hospitals, Surgical Centers, and Specialty Clinics

  • Ambulatory Surgical Centers

Microcatheters Market

REGIONAL ANALYSIS

The biggest share of the global market for microcatheters is anticipated to come from North America. However, during the projection period, APAC is anticipated to develop at the greatest CAGR. Microcatheter market participants have high-growth possibilities in the region's developing markets like Japan and Australia as well as emerging countries like China, India, and South Korea. This is due to a number of things, including the existence of a sizable patient pool, rising prevalence and incidence of the target diseases, expanding healthcare infrastructure in Asian nations, and supportive government activities.

REGIONAL COVERAGE

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Microcatheters Market Report Scope
Report Attributes Details
Market Size in 2021 US$ 1.91 Billion
Market Size by 2028 US$ 2.51 Billion
CAGR CAGR of 4% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product Type (Delivery Microcatheters, Aspiration Microcatheters, Diagnostic Microcatheters, Steerable Microcatheters)
• By Product Design (Single-Lumen Microcatheters, Dual-Lumen Microcatheters)
• By Application (Cardiovascular, Neurovascular, Peripheral Vascular, Oncological, Urological, Otolaryngological)
• By End User (Hospitals, Surgical Centers, and Specialty Clinics, Ambulatory Surgical Centers)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Asahi Intec Co., Ltd., Boston Scientific Corporation, Cook Group Incorporated, Johnson and Johnson, Cardinal Health, Inc., Merit Medical Systems, Inc., Teleflex Incorporated, Medtronic Plc, Stryker Corporation, Terumo Corporation.
Key Drivers • Growing Popularity of Minimally Invasive Surgery
• Increase in the Population of the Target Patients
RESTRAINTS • Pricing for High-End Goods
• Trade restrictions and tax policies


Frequently Asked Questions (FAQ) :

Ans. The forecast period of Microcatheters market is 2022 to 2028.

Ans Pricing for High-End Goods, and Trade restrictions and tax policies is the restraints of Microcatheters Market.

Ans With a proportion of the overall market, the cardiology segment has the most market presence 

Ans. Asahi Intec Co., Ltd., Boston Scientific Corporation, Cook Group Incorporated, Johnson and Johnson, Cardinal Health, Inc. are the key players of the Microcatheters Market

Ans. The biggest share of the global market for microcatheters is anticipated to come from North America.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Microcatheters Market Segmentation, By Product Type

8.1 Delivery Microcatheters

8.2 Aspiration Microcatheters

8.3 Diagnostic Microcatheters

8.4 Steerable Microcatheters

 

9. Microcatheters Market Segmentation, By Product Design

9.1 Single-Lumen Microcatheters

9.2 Dual-Lumen Microcatheters

 

10. Microcatheters Market Segmentation, By Application

10.1 Cardiovascular

10.2 Neurovascular

10.3 Peripheral Vascular

10.4 Oncological

10.5 Urological

10.6 Otolaryngological

 

11. Microcatheters Market Segmentation, By End User

11.1 Hospitals, Surgical Centers, and Specialty Clinics

11.2 Ambulatory Surgical Centers

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13.Company Profiles

13.1 Asahi Intec Co., Ltd.

              13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Boston Scientific Corporation

13.3 Cook Group Incorporated

13.4 Johnson and Johnson

13.5 Cardinal Health, Inc.

13.6 Merit Medical Systems, Inc.

13.7 Teleflex Incorporated

13.8 Medtronic Plc

13.9 Stryker Corporation

13.10 Terumo Corporation.

 

14.Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15.Conclusion

 

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Secondary Research

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