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As per Market Industry Reports (MIR) research findings, automated, standardized, scalable, integrated microcatheters solutions set to open new avenues for stakeholders.

The growth of the microcatheter market can be attributed to several factors, such as growing target patient population of cardiovascular diseases, neurovascular disorders, cancer, growing number of Ambulatory Care Centers and Office Based Labs (OBL) and increasing focus on RandD by Key Players.

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The global microcatheters market is a structured market and is largely governed by prominent players such as ASAHI INTECC CO., LTD., Boston Scientific Corporation, BTG International Ltd., DePuy Synthes (Johnson and Johnson Services, Inc.), Medtronic, Merit Medical Systems, Penumbra Inc, Stryker, Teleflex Incorporated and Terumo Medical Corporation, among others.

Technological advancements in microcatheters are promoting the manufacturers to emerge with advanced version of current microcatheters as well as launches of new microcatheters. This is expected to fuel the growth of the microcatheters market. Focus of the key players in the microcatheter market is on pioneering and introducing reasonably priced microcatheters which in turn is anticipated to nurture the market growth. Advancements in this market such as double coaxial guiding catheter technique to treat chronic total occlusion is expected to further speed up the growth of this market.

From a regional perspective, Asia Pacific is expected to witness fastest growth during the forecast period. The high growth of this region can be attributed to factors such as presence of large patient pool, growing healthcare infrastructure in Asian countries, increasing medical tourism and rising prevalence of several chronic diseases. China commanded the largest share in the Asia-Pacific microcatheters market in 2018. CVD death rates in the world, as CVD accounts for 45% of the over deaths in the Asia Pacific region. Emerging markets such as India, China, South Korea and Japan are expected to drive the Asia-Pacific microcatheters market during the forecast period.

“Growing number of ambulatory care centers (ASCs) and office based labs (OBLs) in United States and invention of top quality microcatheters are the major factors for driving the growth of microcatheters market. .”said Ritika Singh, Research Analyst, Healthcare at MIR.

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MARKET ECOSYSTEM/CLASSIFICATION

By Product

  • Diagnostics Microcatheters
  • Delivery Microcatheters
  • Aspiration Microcatheters
  • Steerable Microcatheters

By Product Design

  • Dual-Lumen Microcatheters
  • Single-Lumen Microcatheters

By Application

  • Oncological Application
  • Urological Application
  • Peripheral Vascular Application
  • Cardiovascular Application
  • Neurovascular Application
  • Other Applications

By End User

  • Ambulatory Care Centers
  • Hospitals, Surgical Centers, and Specialty Clinics
  • Office Based Labs (OBL)*

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Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Microcatheter Market Size – Industry Share Report 2019 – 2030