Analyst Viewpoint
Increase in prevalence of cardiovascular diseases across the globe due to adoption of unhealthy lifestyle is a key factor that is fueling the micro guide catheters market size. Consistent growth in geriatric population and availability of advanced healthcare facilities in developed regions are also fostering market progress.
Rise in demand for minimally invasive surgeries among patients is driving the micro guide catheters business. Furthermore, rapid growth in patient pool is augmenting the market trajectory. Manufacturers are following the latest micro guide catheters market trends and forming partnerships to strengthen their footprint. Leading players are focusing on new product launches through technological advancements to cater to the rising demand from the healthcare sector.
Catheters are medical devices that can be inserted in the body to perform surgical procedures or treat diseases. These devices are manufactured for specific applications such as urological, ophthalmic, gastrointestinal, neurovascular, and cardiovascular procedures.
Guiding catheter provides mechanical support to allow the passage of interventional devices to and through the target lesions with subsequent deployment of balloons or stents at the lesion site. The support provided by a guiding catheter can be described as active or passive.
Micro guide catheter is built to approach highly complex lesions in the human anatomy through the most difficult ducts, cavities, or vessels. Micro catheter can be described as a thin wall, small diameter tube, through which the devices and medicine can be delivered.
Micro guide catheters are used in minimally invasive procedures. These small catheters are ideal for navigating through the arteries and widely used during percutaneous coronary as well as neurovascular interventions. Micro catheter can be categorized according to the number of lumen and shape of the catheter.
Cardiovascular Diseases (CVDs) occur due to reduced blood flow to the heart, brain, or body. This can be caused due to blood clot or build-up of fatty deposit inside an artery. Obesity, physical inactivity, and unhealthy diet can lead to cardiovascular diseases.
Micro guide catheters are used to remove blood clots and blockages in the artery. Thus, increase in prevalence of cardiovascular diseases is boosting the market development. According to the World Health Organization, cardiovascular diseases are the leading cause of death across the globe. Around 17.9 million deaths were estimated due to CVDs in 2019, representing 32% of all global deaths. Of these, 85% were due to stroke and heart attack.
Increase in adoption of sedentary lifestyle and changing food preferences among population are augmenting the prevalence of CVDs. Healthcare professionals prefer micro guide catheters to treat CVDs due to their compact size and flexibility. Usage of micro guide catheters helps simplify complex surgeries. Thus, rise in incidence of CVDs is fueling the micro guide catheters market revenue.
Increase in population of the elderly, who are prone to heart diseases and atherosclerosis, is driving the patient pool worldwide. Changing lifestyle and increase in consumption of alcohol are resulting in an increase in health concerns among the population.
Thus, growth in patient pool is boosting the demand for healthcare facilities. In turn, this is steering market dynamics.
Rise in demand for minimally invasive surgeries among the geriatric population is also bolstering the micro guide catheters market demand. Minimally surgeries possess high accuracy and faster recovery rates as these involve less incisions.
Microvascular guiding catheters are utilized while conducting minimally invasive surgeries such as angioplasty. Thus, growth in geriatric population and increase in prevalence of CVDs among the geriatric population are augmenting the micro guide catheters market value.
As per the regional micro guide catheters market analysis, North America is projected to dominate the global landscape in the near future. Presence of well-developed healthcare infrastructure and availability of advanced healthcare facilities are bolstering the micro catheters market share of the region. Increase in prevalence of cardiovascular diseases in the U.S. is also fostering market expansion.
According to data published by the Centers for Disease Control and Prevention, heart disease is the leading cause of death among the people in the U.S. One person dies every 33 seconds due to cardiovascular disease in the country. Approximately 695,000 people died from heart disease in 2021, i.e. around one in every five deaths.
Prominent players operating across the global landscape are focusing on implementing business strategies, such as new product launches and partnerships, to achieve growth objectives.
Leading manufacturers are also adopting advanced technologies and focusing on latest innovations in micro guide catheter designs. Manufacturers are striving to enhance their product portfolio through product development.
Cardinal Health, Cook Medical, Asahi Intecc Co. Ltd., Penumbra Inc., Boston Scientific Corporation, Merit Medical Systems, Inc., Medtronic plc, Terumo Europe NV, Koninklijke Philips N.V, and Integer Holdings Corporation are the prominent companies operating in the sector.
These players have been profiled in the micro guide catheters market report based on parameters such as company overview, product portfolio, business segments, recent developments, business strategies, and financial overview.
| Attribute | Detail |
|---|---|
| Market Size in 2022 | US$ 390.4 Mn |
| Market Forecast (Value) in 2031 | US$ 679.2 Mn |
| Growth Rate (CAGR) | 6.5% |
| Forecast Period | 2023-2031 |
| Historical Data Available for | 2017-2021 |
| Quantitative Tons | US$ Mn for Value |
| Market Analysis | It includes segment analysis as well as regional level analysis. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces Analysis, value chain analysis, and key trend analysis. |
| Competition Landscape |
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| Format | Electronic (PDF) + Excel |
| Market Segmentation |
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| Regions Covered |
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| Countries Covered |
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| Companies Profiled |
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| Customization Scope | Available upon request |
| Pricing | Available upon request |
It was valued at US$ 390.4 Mn in 2022
It is projected to register a CAGR of 6.5% from 2023 to 2031
Rise in prevalence of cardiovascular diseases and rapid growth in patient pool
North America was the most lucrative region in 2022
Cardinal Health, Cook Medical, Asahi Intecc Co. Ltd., Penumbra Inc., Boston Scientific Corporation, Merit Medical Systems, Inc., Medtronic plc, Terumo Europe NV, Koninklijke Philips N.V, and Integer Holdings Corporation
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Micro Guide Catheters Market
4. Market Overview
4.1. Introduction
4.1.1. Product Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Micro Guide Catheters Market Analysis and Forecast, 2023–2031
5. Key Insights
5.1. Current Trends in Micro Guide Catheters
5.2. Technological advancements in Micro Guide Catheters
5.3. COVID-19 Impact Analysis
6. Global Micro Guide Catheters Market Analysis and Forecast, by Product Type
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Product Type, 2023–2031
6.3.1. Over-the-wire
6.3.2. Flow-directed
6.4. Market Attractiveness Analysis, by Product Type
7. Global Micro Guide Catheters Market Analysis and Forecast, by Indication
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by Indication, 2023–2031
7.3.1. Cardiovascular
7.3.2. Neurovascular
7.3.3. Others
7.4. Market Attractiveness Analysis, by Indication
8. Global Micro Guide Catheters Market Analysis and Forecast, by End-user
8.1. Introduction & Definition
8.2. Key Findings / Developments
8.3. Market Value Forecast, by End-user, 2023–2031
8.3.1. Hospitals
8.3.2. Specialty Clinics
8.3.3. Ambulatory Surgery Centers
8.4. Market Attractiveness Analysis, by End-user
9. Global Micro Guide Catheters Market Analysis and Forecast, by Region
9.1. Key Findings
9.2. Market Value Forecast, by Region
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Latin America
9.2.5. Middle East & Africa
9.3. Market Attractiveness Analysis, by Region
10. North America Micro Guide Catheters Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Product Type, 2023–2031
10.2.1. Over-the-wire
10.2.2. Flow-directed
10.3. Market Value Forecast, by Indication, 2023–2031
10.3.1. Cardiovascular
10.3.2. Neurovascular
10.3.3. Others
10.4. Market Value Forecast, by End-user, 2023–2031
10.4.1. Hospitals
10.4.2. Specialty Clinics
10.4.3. Ambulatory Surgery Centers
10.5. Market Value Forecast, by Country, 2023–2031
10.5.1. U.S.
10.5.2. Canada
10.6. Market Attractiveness Analysis
10.6.1. By Product Type
10.6.2. By Indication
10.6.3. By End-user
10.6.4. By Country
11. Europe Micro Guide Catheters Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Product Type, 2023–2031
11.2.1. Over-the-wire
11.2.2. Flow-directed
11.3. Market Value Forecast, by Indication, 2023–2031
11.3.1. Cardiovascular
11.3.2. Neurovascular
11.3.3. Others
11.4. Market Value Forecast, by End-user, 2023–2031
11.4.1. Hospitals
11.4.2. Specialty Clinics
11.4.3. Ambulatory Surgery Centers
11.5. Market Value Forecast, by Country/Sub-region, 2023–2031
11.5.1. Germany
11.5.2. U.K.
11.5.3. France
11.5.4. Italy
11.5.5. Spain
11.5.6. Rest of Europe
11.6. Market Attractiveness Analysis
11.6.1. By Product Type
11.6.2. By Indication
11.6.3. By End-user
11.6.4. By Country/Sub-region
12. Asia Pacific Micro Guide Catheters Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Product Type, 2023–2031
12.2.1. Over-the-wire
12.2.2. Flow-directed
12.3. Market Value Forecast, by Indication, 2023–2031
12.3.1. Cardiovascular
12.3.2. Neurovascular
12.3.3. Others
12.4. Market Value Forecast, by End-user, 2023–2031
12.4.1. Hospitals
12.4.2. Specialty Clinics
12.4.3. Ambulatory Surgery Centers
12.5. Market Value Forecast, by Country/Sub-region, 2023–2031
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. Australia & New Zealand
12.5.5. Rest of Asia Pacific
12.6. Market Attractiveness Analysis
12.6.1. By Product Type
12.6.2. By Indication
12.6.3. By End-user
12.6.4. By Country/Sub-region
13. Latin America Micro Guide Catheters Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Product Type, 2023–2031
13.2.1. Over-the-wire
13.2.2. Flow-directed
13.3. Market Value Forecast, by Indication, 2023–2031
13.3.1. Cardiovascular
13.3.2. Neurovascular
13.3.3. Others
13.4. Market Value Forecast, by End-user, 2023–2031
13.4.1. Hospitals
13.4.2. Specialty Clinics
13.4.3. Ambulatory Surgery Centers
13.5. Market Value Forecast, by Country/Sub-region, 2023–2031
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Market Attractiveness Analysis
13.6.1. By Product Type
13.6.2. By Indication
13.6.3. By End-user
13.6.4. By Country/Sub-region
14. Middle East & Africa Micro Guide Catheters Market Analysis and Forecast
14.1. Introduction
14.1.1. Key Findings
14.2. Market Value Forecast, by Product Type, 2023–2031
14.2.1. Over-the-wire
14.2.2. Flow-directed
14.3. Market Value Forecast, by Indication, 2023–2031
14.3.1. Cardiovascular
14.3.2. Neurovascular
14.3.3. Others
14.4. Market Value Forecast, by End-user, 2023–2031
14.4.1. Hospitals
14.4.2. Specialty Clinics
14.4.3. Ambulatory Surgery Centers
14.5. Market Value Forecast, by Country/Sub-region, 2023–2031
14.5.1. GCC Countries
14.5.2. South Africa
14.5.3. Rest of Middle East & Africa
14.6. Market Attractiveness Analysis
14.6.1. By Product Type
14.6.2. By Indication
14.6.3. By End-user
14.6.4. By Country/Sub-region
15. Competition Landscape
15.1. Market Player – Competition Matrix (By Tier and Size of companies)
15.2. Market Share Analysis, by Company (2022)
15.3. Company Profiles
15.3.1. Cardinal Health
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Strategic Overview
15.3.1.5. SWOT Analysis
15.3.2. Cook Medical
15.3.2.1. Company Overview
15.3.2.2. Financial Overview
15.3.2.3. Product Portfolio
15.3.2.4. Strategic Overview
15.3.2.5. SWOT Analysis
15.3.3. Asahi Intecc Co. Ltd.
15.3.3.1. Company Overview
15.3.3.2. Financial Overview
15.3.3.3. Product Portfolio
15.3.3.4. Strategic Overview
15.3.3.5. SWOT Analysis
15.3.4. Penumbra Inc.
15.3.4.1. Company Overview
15.3.4.2. Financial Overview
15.3.4.3. Product Portfolio
15.3.4.4. Strategic Overview
15.3.4.5. SWOT Analysis
15.3.5. Boston Scientific Corporation
15.3.5.1. Company Overview
15.3.5.2. Financial Overview
15.3.5.3. Product Portfolio
15.3.5.4. Strategic Overview
15.3.5.5. SWOT Analysis
15.3.6. Merit Medical Systems Inc.
15.3.6.1. Company Overview
15.3.6.2. Financial Overview
15.3.6.3. Product Portfolio
15.3.6.4. Strategic Overview
15.3.6.5. SWOT Analysis
15.3.7. Medtronic plc
15.3.7.1. Company Overview
15.3.7.2. Financial Overview
15.3.7.3. Product Portfolio
15.3.7.4. Strategic Overview
15.3.7.5. SWOT Analysis
15.3.8. Terumo Europe NV
15.3.8.1. Company Overview
15.3.8.2. Financial Overview
15.3.8.3. Product Portfolio
15.3.8.4. Strategic Overview
15.3.8.5. SWOT Analysis
15.3.9. Koninklijke Philips N.V
15.3.9.1. Company Overview
15.3.9.2. Financial Overview
15.3.9.3. Product Portfolio
15.3.9.4. Strategic Overview
15.3.9.5. SWOT Analysis
15.3.10. Integer Holdings Corporation
15.3.10.1. Company Overview
15.3.10.2. Financial Overview
15.3.10.3. Product Portfolio
15.3.10.4. Strategic Overview
15.3.10.5. SWOT Analysis
List of Tables
Table 01: Global Micro Guide Catheters Market Value (US$ Mn) Forecast, by Product Type, 2023–2031
Table 02: Global Micro Guide Catheters Market Value (US$ Mn) Forecast, by Indication, 2023–2031
Table 03: Global Micro Guide Catheters Market Value (US$ Mn) Forecast, by End-user, 2023–2031
Table 04: Global Micro Guide Catheters Market Value (US$ Mn) Forecast, by Region, 2023–2031
Table 05: North America Micro Guide Catheters Market Value (US$ Mn) Forecast, by Product Type, 2023–2031
Table 06: North America Micro Guide Catheters Market Value (US$ Mn) Forecast, by Indication, 2023–2031
Table 07: North America Micro Guide Catheters Market Value (US$ Mn) Forecast, by End-user, 2023–2031
Table 08: North America Micro Guide Catheters Market Value (US$ Mn) Forecast, by Country, 2023–2031
Table 09: Europe Micro Guide Catheters Market Value (US$ Mn) Forecast, by Product Type, 2023–2031
Table 10: Europe Micro Guide Catheters Market Value (US$ Mn) Forecast, by Indication, 2023–2031
Table 11: Europe Micro Guide Catheters Market Value (US$ Mn) Forecast, by End-user, 2023–2031
Table 12: Europe Micro Guide Catheters Market Value (US$ Mn) Forecast, by Country/Sub-region, 2023–2031
Table 13: Asia Pacific Micro Guide Catheters Market Value (US$ Mn) Forecast, by Product Type, 2023–2031
Table 14: Asia Pacific Micro Guide Catheters Market Value (US$ Mn) Forecast, by Indication, 2023–2031
Table 15: Asia Pacific Micro Guide Catheters Market Value (US$ Mn) Forecast, by End-user, 2023–2031
Table 16: Asia Pacific Micro Guide Catheters Market Value (US$ Mn) Forecast, by Country/Sub-region, 2023–2031
Table 17: Latin America Micro Guide Catheters Market Value (US$ Mn) Forecast, by Product Type, 2023–2031
Table 18: Latin America Micro Guide Catheters Market Value (US$ Mn) Forecast, by Indication, 2023–2031
Table 19: Latin America Micro Guide Catheters Market Value (US$ Mn) Forecast, by End-user, 2023–2031
Table 20: Latin America Micro Guide Catheters Market Value (US$ Mn) Forecast, by Country/Sub-region, 2023–2031
Table 21: Middle East & Africa Micro Guide Catheters Market Value (US$ Mn) Forecast, by Product Type, 2023–2031
Table 22: Middle East & Africa Micro Guide Catheters Market Value (US$ Mn) Forecast, by Indication, 2023–2031
Table 23: Middle East & Africa Micro Guide Catheters Market Value (US$ Mn) Forecast, by End-user, 2023–2031
Table 24: Middle East & Africa Micro Guide Catheters Market Value (US$ Mn) Forecast, by Country/Sub-region, 2023–2031
List of Figures
Figure 01: Global Micro Guide Catheters Market Value (US$ Mn) Forecast, 2023–2031
Figure 02: Global Micro Guide Catheters Market Value Share Analysis, by Product Type, 2022 and 2031
Figure 03: Global Micro Guide Catheters Market Attractiveness Analysis, by Product Type, 2023–2031
Figure 04: Global Micro Guide Catheters Market Value Share Analysis, by Indication 2022 and 2031
Figure 05: Global Micro Guide Catheters Market Attractiveness Analysis, by Indication, 2023–2031
Figure 06: Global Micro Guide Catheters Market Value Share Analysis, by End-user, 2022 and 2031
Figure 07: Global Micro Guide Catheters Market Attractiveness Analysis, by End-user, 2023–2031
Figure 08: Global Micro Guide Catheters Market Value Share Analysis, by Region, 2022 and 2031
Figure 09: Global Micro Guide Catheters Market Attractiveness Analysis, by Region, 2023–2031
Figure 10: North America Micro Guide Catheters Market Value (US$ Mn) Forecast, 2023–2031
Figure 11: North America Micro Guide Catheters Market Value Share Analysis, by Product Type, 2022 and 2031
Figure 12: North America Micro Guide Catheters Market Attractiveness Analysis, by Product Type, 2023–2031
Figure 13: North America Micro Guide Catheters Market Value Share Analysis, by Indication, 2022 and 2031
Figure 14: North America Micro Guide Catheters Market Attractiveness Analysis, by Indication, 2023–2031
Figure 15: North America Micro Guide Catheters Market Value Share Analysis, by End-user, 2022 and 2031
Figure 16: North America Micro Guide Catheters Market Attractiveness Analysis, by End-user, 2023–2031
Figure 17: North America Micro Guide Catheters Market Value Share Analysis, by Country, 2022 and 2031
Figure 18: North America Micro Guide Catheters Market Attractiveness Analysis, by Country, 2023–2031
Figure 19: Europe Micro Guide Catheters Market Value (US$ Mn) Forecast, 2023–2031
Figure 20: Europe Micro Guide Catheters Market Value Share Analysis, by Product Type, 2022 and 2031
Figure 21: Europe Micro Guide Catheters Market Attractiveness Analysis, by Product Type, 2023–2031
Figure 22: Europe Micro Guide Catheters Market Value Share Analysis, by Indication, 2022 and 2031
Figure 23: Europe Micro Guide Catheters Market Attractiveness Analysis, by Indication, 2023–2031
Figure 24: Europe Micro Guide Catheters Market Value Share Analysis, by End-user, 2022 and 2031
Figure 25: Europe Micro Guide Catheters Market Attractiveness Analysis, by End-user, 2023–2031
Figure 26: Europe Micro Guide Catheters Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 27: Europe Micro Guide Catheters Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 28: Asia Pacific Micro Guide Catheters Market Value (US$ Mn) Forecast, 2023–2031
Figure 29: Asia Pacific Micro Guide Catheters Market Value Share Analysis, by Product Type, 2022 and 2031
Figure 30: Asia Pacific Micro Guide Catheters Market Attractiveness Analysis, by Product Type, 2023–2031
Figure 31: Asia Pacific Micro Guide Catheters Market Value Share Analysis, by Indication 2022 and 2031
Figure 32: Asia Pacific Micro Guide Catheters Market Attractiveness Analysis, by Indication, 2023–2031
Figure 33: Asia Pacific Micro Guide Catheters Market Value Share Analysis, by End-user, 2022 and 2031
Figure 34: Asia Pacific Micro Guide Catheters Market Attractiveness Analysis, by End-user, 2023–2031
Figure 35: Asia Pacific Micro Guide Catheters Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 36: Asia Pacific Micro Guide Catheters Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 37: Latin America Micro Guide Catheters Market Value (US$ Mn) Forecast, 2023–2031
Figure 38: Latin America Micro Guide Catheters Market Value Share Analysis, by Product Type, 2022 and 2031
Figure 39: Latin America Micro Guide Catheters Market Attractiveness Analysis, by Product Type, 2023–2031
Figure 40: Latin America Micro Guide Catheters Market Value Share Analysis, by Indication, 2022 and 2031
Figure 41: Latin America Micro Guide Catheters Market Attractiveness Analysis, by Indication, 2023–2031
Figure 42: Latin America Micro Guide Catheters Market Value Share Analysis, by End-user, 2022 and 2031
Figure 43: Latin America Micro Guide Catheters Market Attractiveness Analysis, by End-user, 2023–2031
Figure 44: Latin America Micro Guide Catheters Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 45: Latin America Micro Guide Catheters Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 46: Middle East & Africa Micro Guide Catheters Market Value (US$ Mn) Forecast, 2023–2031
Figure 47: Middle East & Africa Micro Guide Catheters Market Value Share Analysis, by Product Type, 2022 and 2031
Figure 48: Middle East & Africa Micro Guide Catheters Market Attractiveness Analysis, by Product Type, 2023–2031
Figure 49: Middle East & Africa Micro Guide Catheters Market Value Share Analysis, by Indication, 2022 and 2031
Figure 50: Middle East & Africa Micro Guide Catheters Market Attractiveness Analysis, by Indication, 2023–2031
Figure 51: Middle East & Africa Micro Guide Catheters Market Value Share Analysis, by End-user, 2022 and 2031
Figure 52: Middle East & Africa Micro Guide Catheters Market Attractiveness Analysis, by End-user, 2023–2031
Figure 53: Middle East & Africa Micro Guide Catheters Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 54: Middle East & Africa Micro Guide Catheters Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 55: Global Micro Guide Catheters Market Share Analysis, by Company, 2022
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Micro Guide Catheters Market
