The Microcatheters market is expected to grow at a CAGR of 7.5% to reach US$ 424.2 Million in 2032.
.jpg "The Global Microcatheters Market 2022-2032 (USD Million)")
The global Microcatheters market was valued at USD 1,656.2 million in 2019 and is expected to grow at a CAGR of 4.2% over the forecast period. The market growth is attributed to rising number of people suffering from numerous diseases such as CVDs, neurovascular disorders, and cancer.
The global microcatheters market is categorized based on Type, generative Design, Application, End-User. Region wise, North America was the largest market in 2019; however, Asia Pacific is expected to be the fastest growing region by 2025, with a CAGR of 4.6%.
Key players serving the global Microcatheters market include Medtronic, Stryker, BD, Boston Scientific Corporation, B. Braun Melsungen AG, Teleflex Incorporated, Terumo Medical Corporation, Penumbra, Inc., AngioDynamics, Koninklijke Philips N.V. among other prominent players.
Microcatheters Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2032 |
| Study Period | 2018-2032 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2032 | US$ 424.2 Million |
| Growth Rate | CAGR of 7.5 % during 2022-2032 |
| Segment Covered | By Product Type, By Tip-type, By Material, By End User, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Medtronic (Ireland), Boston Scientific (US), Terumo Medical Corporation (US), Teleflex Inc. (US), Merit Medical Systems, Inc. (US), Guerbet (France), Cook Medical (US), Acandis GmbH (Germany), Acrostak (Switzerland), Stryker Corporation (US), Asahi Intecc (Japan), Lepu Medical Technology Company (China), Cerus Endovascular Ltd (US) |
Key Segment Of The Microcatheters Market
By Product Type (USD Million)
o Single-lumen
• Non-Torque Microcatheters
• Torqueable Microcatheters
o Dual-lumen
o Guide Extension
By Tip-type (USD Million)
• Steerable
• Angled Tip
• Straight Tip
By Material, (USD Million)
• Stainless Steel
• Stainless Steel+ Polytetrafluoroethylene – PTFE
• Tungsten-braided Shaft
• Platinum/Tungsten Coil
• Others
By End User, (USD Million)
• Hospitals
• Ambulatory Surgical Centers
• Cardiac Catheterization Laboratories
• Specialty Clinics
Regional Overview, (USD Million)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The application of the microcatheters market Cardiovascular, Neurovascular, Peripheral Vascular, Oncology, Urology, Others.
The Global microcatheters market is Segmented on the basis of Type, Design, Application, And Geography.
The base year for the report is 2023 in microcatheters market.
The major factors expected to drive the demand are increased chronic diseases such as coronary diseases, neurovascular disorders and cancer, as well as increasing acceptance of minimally invasive procedures. Additionally, the introduction of technologically advanced goods and different government measures are leading to market development. Microcatheters are thin, hollow tubes used in various interventional procedures that are inserted into the blood vessels. These are designed to include multiple blood vessel control instruments and are used in several diagnostic and therapeutic procedures.
Arterial microcatheter, vaginal microcatheter, neurovascular microcatheter, and peripheral microcatheter are among the most widely used microcatheters. Microcatheters help penetrate the most complex venous network. Therefore, the increasing acceptance of minimally invasive procedures, combined with increasing technological advancements, is expected to fuel market growth in the forecast period. Because of the acceptance of an unhealthy lifestyle, the growing prevalence of chronic disorders propels market development.
The global microcatheters market has been segmented based on type, design, application, and end-user. On the basis of end-users, the global microcatheters market is bifurcated into hospitals, surgical centers, & specialty clinics, and ambulatory care centers. In the year 2019, the hospitals surgical centers held the largest market share owing to rising number of hospitals across the globe and rising prevalence of chronic diseases among the global population.
Based on regions, the global microcatheters market is segmented into North America, Europe, Asia Pacific, South America and Middle East & Africa. In the year 2019, North America accounted for 33.6% market share globally and is expected to witness lucrative growth over the forecast period owing to presence of established healthcare facilities coupled with rising healthcare awareness, and supportive government initiatives. However, Asia Pacific microcatheters market is projected to witness highest growth rate from 2020 to 2028 owing to rising geriatric population suffering from numerous chronic disorders. Additionally, growing demand from emerging economies is projected to offer lucrative growth opportunities for the market players operating in the global microcatheters market.
