Analyst Viewpoint
Increase in prevalence of chronic diseases and developments in advanced medical imaging technologies are fostering the microcatheter market value. Microcatheters are extensively used in minimally invasive surgeries to perform complex procedures with minimum incisions and less blood flow. Rise in popularity of minimally invasive surgeries among the geriatric population is boosting market progress.
Technological developments in oncology and neurology are likely to offer lucrative microcatheter business opportunities for companies. Leading players in the market are launching new microcatheters to cater to the specific treatment requirements of healthcare professionals. They are investing in research and development activities to obtain approval for these products from government organizations, thereby diversifying their product portfolio.
Microcatheters are small diameter catheters used for guidewire support, exchanges, to access distal anatomy, cross lesions, deliver therapeutic embolic, inject contrast media, and perform other procedures in complex endovascular procedures. Microcatheters are extensively utilized with minimally invasive procedures, such as percutaneous coronary intervention, angioplasty, minimal interventional radiology, angiography, ablation, and embolization.
Intravascular microcatheter, neurovascular microcatheter, and cardiovascular microcatheter are some of the major types of microcatheters employed in disease diagnosis and therapeutic procedures. Minimal invasion, reduced recovery time, and precise drug delivery to the arteries are some of the crucial advantages of microcatheter in cardiovascular treatments. Microcatheters simplify medical imaging by identifying the exact area to be diagnosed according to the procedure.
Cancer, cardiovascular diseases, and chronic diseases are on the rise due to changing lifestyles and food consumption habits among people. Increase in adoption of a sedentary lifestyle, lack of physical activity, and improper diet are some of the major causes of these diseases. Microcatheters are used to diagnose and treat these diseases by conducting minimally invasive surgeries. Increase in availability of advanced treatments for cancer, cardiovascular, and chronic diseases is driving the demand for microcatheters. Thus, rise in prevalence of chronic diseases is fostering the microcatheter market size.
Growth in geriatric population is significantly fueling microcatheter market statistics, as elder people are more susceptible to cardiovascular and chronic diseases. Fewer incisions during diagnosis and treatment reduce patient trauma and ensure faster recovery. Healthcare professionals prefer minimal invasive surgeries for elderly patients to improve recovery rate and reduce possibilities of potential complexities during procedures.
According to the National Institutes of Health, multiple facets of conventional surgical methods have been replaced by minimally invasive surgeries, while gaining interest due to improved survival, fewer complications, and rapid recoveries in the last few years.
Intravascular ultrasound, fluoroscopy, and optical coherence tomography are some of the advanced technologies utilized in medical imaging techniques. Microcatheters are employed to get real-time visualization and guidance during procedures. Therefore, rapid developments in advanced medical imaging technologies are fostering the microcatheter market growth.
Microcatheters are widely used in oncology and neurology to precisely deliver the drugs to targeted areas. Direct drug delivery to affected areas reduces the risk of side-effects and increases treatment efficiency. Thus, increase in availability of targeted therapies in several medical specialties are boosting microcatheter market expansion.
As per the microcatheter market analysis, North America dominated the global market in 2022. Increase in prevalence of cardiovascular diseases and availability of advanced treatments are likely to propel the microcatheter industry share during the forecast period. Moreover, well-established healthcare facilities and easy accessibility to advanced therapeutic products enable healthcare professionals to conduct minimally invasive surgeries to ensure faster recoveries.
Rise in number of neurovascular and percutaneous coronary intervention procedures is bolstering market revenue. Increase in investments by governments to develop effective diagnosis and therapeutic procedures enable companies to launch advanced microcatheters.
Leading manufacturers of microcatheter are investing heavily on research and development activities to implement advanced technologies and improve their product portfolio. They are launching new microcatheters for precise drug delivery and accurate medical imaging techniques. Key players in the industry are obtaining approvals from government organizations, which in turn would enable them to grab lucrative microcatheter market opportunities.
Some of the prominent players operating in the industry are Boston Scientific Corporation, Integra LifeSciences, Medtronic, Biometrics Ltd., Asahi Intecc USA, Inc., Merit Medical Systems, Stryker, Terumo Medical Corporation, Tokai Medical Products, Inc., and Penumbra, Inc.
These companies have been profiled in the microcatheter market report based on various parameters including company overview, business segments, product portfolio, recent developments, business strategies, and financial overview.
| Attribute | Detail |
|---|---|
| Market Size in 2022 | US$ 799.7 Mn |
| Market Forecast (Value) in 2031 | US$ 1.3 Bn |
| Growth Rate (CAGR) | 5.3% |
| Forecast Period | 2023-2031 |
| Historical Data Available for | 2017-2021 |
| Quantitative Tons | US$ Mn/Bn 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$ 799.7 Mn in 2022
It is projected to expand at a CAGR of 5.3% from 2023 to 2031
Increase in prevalence of chronic diseases and developments in advanced medical imaging technologies
North America was the most lucrative region in 2022
Boston Scientific Corporation, Integra LifeSciences, Medtronic, Biometrics Ltd, Asahi Intecc USA, Inc., Merit Medical Systems, Stryker, Terumo Medical Corporation, Tokai Medical Products, Inc., and Penumbra, Inc.
1. Executive Summary
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 Microcatheter Market
4. Market Overview
4.1. Market Segmentation
4.1.1. Segment 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 Microcatheter Market Analysis and Forecast, 2017-2031
5. Key Insights
5.1. Pipeline Analysis
5.2. Disease Prevalence & Incidence Rate Globally With Key Countries
5.3. COVID-19 Pandemic Impact on Industry
6. Microcatheter Market Analysis and Forecast, by Indication
6.1. Introduction and Definitions
6.2. Key Findings/Developments
6.3. Market Value Forecast, by Indication, 2017–2031
6.3.1. Coronary
6.3.2. Neurovascular
6.3.3. General Peripheral Vascular
6.4. Market Attractiveness, by Indication
7. Global Microcatheter Market Analysis and Forecast, by End-user
7.1. Introduction and Definitions
7.2. Key Findings/Developments
7.3. Market Value Forecast, by End-user, 2017–2031
7.3.1. Hospitals
7.3.2. Specialty Clinics
7.3.3. Ambulatory Surgery Centers
7.4. Market Attractiveness, by End-user
8. Global Microcatheter Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Market Value Forecast, by Region, 2017–2031
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness, by Region
9. North America Microcatheter Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value Forecast, by Indication, 2017–2031
9.2.1. Coronary
9.2.2. Neurovascular
9.2.3. General Peripheral Vascular
9.3. Market Value Forecast, by End-user, 2017–2031
9.3.1. Hospitals
9.3.2. Specialty Clinics
9.3.3. Ambulatory Surgery Centers
9.4. Market Value Forecast, by Country, 2017–2031
9.4.1. U.S.
9.4.2. Canada
9.5. Market Attractiveness Analysis
9.5.1. By Indication
9.5.2. By End-user
9.5.3. By Country
10. Europe Microcatheter Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Indication, 2017–2031
10.2.1. Coronary
10.2.2. Neurovascular
10.2.3. General Peripheral Vascular
10.3. Market Value Forecast, by End-user, 2017–2031
10.3.1. Hospitals
10.3.2. Specialty Clinics
10.3.3. Ambulatory Surgery Centers
10.4. Market Value Forecast, by Country/Sub-region, 2017–2031
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
10.5. Market Attractiveness Analysis
10.5.1. By Indication
10.5.2. By End-user
10.5.3. By Country/Sub-region
11. Asia Pacific Microcatheter Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Indication, 2017–2031
11.2.1. Coronary
11.2.2. Neurovascular
11.2.3. General Peripheral Vascular
11.3. Market Value Forecast, by End-user, 2017–2031
11.3.1. Hospitals
11.3.2. Specialty Clinics
11.3.3. Ambulatory Surgery Centers
11.4. Market Value Forecast, by Country/Sub-region, 2017–2031
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Market Attractiveness Analysis
11.5.1. By Indication
11.5.2. By End-user
11.5.3. By Country/Sub-region
12. Latin America Microcatheter Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Indication, 2017–2031
12.2.1. Coronary
12.2.2. Neurovascular
12.2.3. General Peripheral Vascular
12.3. Market Value Forecast, by End-user, 2017–2031
12.3.1. Hospitals
12.3.2. Specialty Clinics
12.3.3. Ambulatory Surgery Centers
12.4. Market Value Forecast, by Country/Sub-region, 2017–2031
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Market Attractiveness Analysis
12.5.1. By Indication
12.5.2. By End-user
12.5.3. By Country/Sub-region
13. Middle East & Africa Microcatheter Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Indication, 2017–2031
13.2.1. Coronary
13.2.2. Neurovascular
13.2.3. General Peripheral Vascular
13.3. Market Value Forecast, by End-user, 2017–2031
13.3.1. Hospitals
13.3.2. Specialty Clinics
13.3.3. Ambulatory Surgery Centers
13.4. Market Value Forecast, by Country/Sub-region, 2017–2031
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Market Attractiveness Analysis
13.5.1. By Indication
13.5.2. By End-user
13.5.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player – Competition Matrix (By Tier and Size of Companies)
14.2. Market Share Analysis, by Company (2022)
14.3. Company Profiles
14.3.1. Boston Scientific Corporation
14.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.1.2. Product Portfolio
14.3.1.3. Financial Overview
14.3.1.4. SWOT Analysis
14.3.1.5. Strategic Overview
14.3.2. Integra LifeSciences
14.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.2.2. Product Portfolio
14.3.2.3. Financial Overview
14.3.2.4. SWOT Analysis
14.3.2.5. Strategic Overview
14.3.3. Medtronic
14.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.3.2. Product Portfolio
14.3.3.3. Financial Overview
14.3.3.4. SWOT Analysis
14.3.3.5. Strategic Overview
14.3.4. Biometrics Ltd.
14.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.4.2. Product Portfolio
14.3.4.3. Financial Overview
14.3.4.4. SWOT Analysis
14.3.4.5. Strategic Overview
14.3.5. Asahi Intecc USA, Inc.
14.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.5.2. Product Portfolio
14.3.5.3. Financial Overview
14.3.5.4. SWOT Analysis
14.3.5.5. Strategic Overview
14.3.6. Merit Medical Systems
14.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.6.2. Product Portfolio
14.3.6.3. Financial Overview
14.3.6.4. SWOT Analysis
14.3.6.5. Strategic Overview
14.3.7. Stryker
14.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.7.2. Product Portfolio
14.3.7.3. Financial Overview
14.3.7.4. SWOT Analysis
14.3.7.5. Strategic Overview
14.3.8. Terumo Medical Corporation
14.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.8.2. Product Portfolio
14.3.8.3. Financial Overview
14.3.8.4. SWOT Analysis
14.3.8.5. Strategic Overview
14.3.9. Tokai Medical Products, Inc.
14.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.9.2. Product Portfolio
14.3.9.3. Financial Overview
14.3.9.4. SWOT Analysis
14.3.9.5. Strategic Overview
14.3.10. Penumbra, Inc.
14.3.10.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.10.2. Product Portfolio
14.3.10.3. Financial Overview
14.3.10.4. SWOT Analysis
14.3.10.5. Strategic Overview
List of Tables
Table 01: Global Microcatheter Market Value (US$ Mn) Forecast, by Indication, 2017–2031
Table 02: Global Microcatheter Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 03: Global Microcatheter Market Value (US$ Mn) Forecast, by Region, 2017–2031
Table 04: North America Microcatheter Market Value (US$ Mn) Forecast, by Country, 2017–2031
Table 05: North America Microcatheter Market Value (US$ Mn) Forecast, by Indication, 2017–2031
Table 06: North America Microcatheter Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 07: Europe Microcatheter Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 08: Europe Microcatheter Market Value (US$ Mn) Forecast, by Indication, 2017–2031
Table 09: Europe Microcatheter Market Value (US$ Mn) Forecast, by End-user 2017–2031
Table 10: Asia Pacific Microcatheter Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 11: Asia Pacific Microcatheter Market Value (US$ Mn) Forecast, by Indication, 2017–2031
Table 12: Asia Pacific Microcatheter Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 13: Latin America Microcatheter Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 14: Latin America Microcatheter Market Value (US$ Mn) Forecast, by Indication, 2017–2031
Table 15: Latin America Microcatheter Market Value (US$ Mn) Forecast, by End-user 2017–2031
Table 16: Middle East & Africa Microcatheter Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 17: Middle East & Africa Microcatheter Market Value (US$ Mn) Forecast, by Indication, 2017–2031
Table 18: Middle East & Africa Microcatheter Market Value (US$ Mn) Forecast, by End-user 2017–2031
List of Figures
Figure 01: Global Microcatheter Market Value (US$ Mn) Forecast, 2017–2031
Figure 02: Global Microcatheter Market Value Share, by Indication, 2022
Figure 03: Global Microcatheter Market Value Share, by End-user, 2022
Figure 04: Global Microcatheter Market Value Share Analysis, by Indication, 2022 and 2031
Figure 05: Global Microcatheter Market Attractiveness Analysis, by Indication, 2023–2031
Figure 06: Global Microcatheter Market Value Share Analysis, by End-user, 2022 and 2031
Figure 07: Global Microcatheter Market Attractiveness Analysis, by End-user 2023–2031
Figure 08: Global Microcatheter Market Value Share Analysis, by Region, 2022 and 2031
Figure 09: Global Microcatheter Market Attractiveness Analysis, by Region, 2023–2031
Figure 10: North America Microcatheter Market Value (US$ Mn) Forecast, 2017–2031
Figure 11: North America Microcatheter Market Value Share Analysis, by Country, 2022 and 2031
Figure 12: North America Microcatheter Market Attractiveness Analysis, by Country, 2023–2031
Figure 13: North America Microcatheter Market Value Share Analysis, by Indication, 2022 and 2031
Figure 14: North America Microcatheter Market Attractiveness Analysis, by Indication, 2023–2031
Figure 15: North America Microcatheter Market Value Share Analysis, by End-user, 2022 and 2031
Figure 16: North America Microcatheter Market Attractiveness Analysis, by End-user 2023–2031
Figure 17: Europe Microcatheter Market Value (US$ Mn) Forecast, 2017–2031
Figure 18: Europe Microcatheter Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 19: Europe Microcatheter Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 20: Europe Microcatheter Market Value Share Analysis, by Indication, 2022 and 2031
Figure 21: Europe Microcatheter Market Attractiveness Analysis, by Indication, 2023–2031
Figure 22: Europe Microcatheter Market Value Share Analysis, by End-user, 2022 and 2031
Figure 23: Europe Microcatheter Market Attractiveness Analysis, by End-user 2023–2031
Figure 24: Asia Pacific Microcatheter Market Value (US$ Mn) Forecast, 2017–2031
Figure 25: Asia Pacific Microcatheter Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 26: Asia Pacific Microcatheter Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 27: Asia Pacific Microcatheter Market Value Share Analysis, by Indication, 2022 and 2031
Figure 28: Asia Pacific Microcatheter Market Attractiveness Analysis, by Indication, 2023–2031
Figure 29: Asia Pacific Microcatheter Market Value Share Analysis, by End-user, 2022 and 2031
Figure 30: Asia Pacific Microcatheter Market Attractiveness Analysis, by End-user 2023–2031
Figure 31: Latin America Microcatheter Market Value (US$ Mn) Forecast, 2017–2031
Figure 32: Latin America Microcatheter Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 33: Latin America Microcatheter Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 34: Latin America Microcatheter Market Value Share Analysis, by Indication, 2022 and 2031
Figure 35: Latin America Microcatheter Market Attractiveness Analysis, by Indication, 2023–2031
Figure 36: Middle East & Africa Microcatheter Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 37: Middle East & Africa Microcatheter Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 38: Middle East & Africa Microcatheter Market Value Share Analysis, by Indication, 2022 and 2031
Figure 39: Middle East & Africa Microcatheter Market Attractiveness Analysis, by Indication, 2023–2031
Figure 40: Middle East & Africa Microcatheter Market Value Share Analysis, by End-user, 2022 and 2031
Figure 41: Middle East & Africa Microcatheter Market Attractiveness Analysis, by End-user 2023–2031
Figure 42: Global Microcatheter Market Share Analysis, by Company (2022)
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Microcatheter Market
