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Microcatheter Market is Expanding at a CAGR of Around 7.5% from 2018 to 2026
by Metcarl · January 4 Zach LaVine Jersey , 2019


Microcatheters, although a broad term, is often used to describe thin wall, small diameter catheter and delivery devices that are utilized in minimally invasive applications. These small catheters are ideal for navigating the vast network of tiny veins found within the body. Micro-catheters are commonly found throughout the medical device and healthcare industries. The global microcatheter market was valued at US$ 162.3 Mn in 2017 and is anticipated to reach nearly US$ 304.5 Mn by 2026, expanding at a CAGR of around 7.5% from 2018 to 2026. Rise in adoption of minimally invasive procedures, technological advancements, and increase in target patient population are likely to fuel the global microcatheter market from 2018 to 2026.


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The global microcatheter market can be segmented based on indication Jabari Parker Jersey , end-user, and geography. In terms of indication, the global microcatheter market can be classified into coronary, neurovascular, and general peripheral vascular. Based on end-user, the global microcatheter market can be segregated into hospitals, specialty clinics Michael Jordan Jersey , and ambulatory surgery centers. In terms of geography, the global microcatheter market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.


Based on indication, the coronary segment dominates the global microcatheter market. Rise in prevalence of cardiovascular diseases due to changing lifestyles such as consumption of alcohol Wholesale Chicago Bulls Jerseys , smoking, work pressure, and obesity drives the segment. According to WHO report (2017), cardiovascular diseases (CVDs) accounts for 17.7 million deaths each year, 31% of all global deaths. Increase in incidence rate of cerebral aneurysm is expected to boost the neurovascular segment during the forecast period.


In terms of end-user, the hospital segment dominates the global microcatheter market. According to the American Hospital Association, in the U.S. Cheap Chicago Bulls Jerseys , in 2016, there are 5,534 registered hospitals. Increase in number of hospitals, improvements in reimbursement policies, and increase in incidences of cardiovascular diseases are expected to drive the global microcatheter market. The specialty clinics segment is likely to create opportunities in Asia Pacific. Increase in health care infrastructure in emerging countries and rise in technological advancements are expected to drive the microcatheters market during the forecast period


North America accounted for 39.1% share of the market in 2017. Increasing prevalence of cardiovascular diseases as well as high per capita health care expenditure and availability of better and advanced health care facilities have resulted in people spending more on health care. Increasing number of angiography and PCI procedures and expansion of the health care industry are likely to fuel the microcatheter market in Europe during the forecast period. China and India are lucrative markets and also product launches are factors driving the microcatheter market in Asia Pacific. In 2018, ASAHI received chronic total occlusion (CTO) approvals for Corsair Pro Micro catheters and its Coronary Guide Wires to the include MIRACLEbros series, CONFIANZA series Wholesale Bulls Jerseys , FIELDER series, and Gaia series. Latin America and Middle East & Africa are expected to hold a significant share of the global microcatheter market during the forecast period. The Government of Brazil has introduced certain policies that allow foreign doctors from the U.S., the U.K., and other parts of the world to participate and improve health care services and practices in the country. The business council of Saudi Arabia provides support for partner identification, logistics, and market insights for better penetration into the market for new or private players in order to reduce the demand-supply gap in health care services.


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Major players operating in the global microcatheter market include Boston Scientific Corporation, Codman Neuro Cheap Bulls Jerseys , Medtronic, Biometrics, Asahi Intecc USA, Inc., Merit Medical Systems, Inc., Stryker Denzel Valentine Jersey , Terumo Medical Corporation, Tokai Medical Products, Inc., and Penumbra, Inc. These players adopt organic and in-organic growth strategies to expand product offerings, strengthen geographical reach, increase customer base Nikola Mirotic Jersey , and capture market share.


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Submitted 2018-04-19 08:24:19 .