The Microcatheters Market Size was valued at USD 1.98 billion in 2022, and is expected to reach USD 2.71 billion by 2030 and grow at a CAGR of 4% over the forecast period 2023-2030.
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.
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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.
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
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.
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
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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
Some of the major key players are 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 and Other Players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 1.98 Billion |
| Market Size by 2030 | US$ 2.71 Billion |
| CAGR | CAGR of 4% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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 |
Ans. The Microcatheters market size was valued at US$ 1.98 Bn in 2022.
Ans: The Microcatheters Market is to grow at a CAGR of 4% during the forecast period 2023-2030.
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- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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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