Microcatheters are small 0.70-1.30 mm diameter catheters used in minimally invasive applications. They are flexible and are inserted into the vessel or body cavity, which allows in the drainage of fluids or gases with the help of different surgical instruments. Blood pressure can be measured by microcatheters by placing them in a vein or artery. Microcatheters are regularly used to depict the finical wall. These little catheters are perfect for exploring the immense system of modest veins found inside the body. These small catheters are ideally used for navigating a vast network of tiny veins found within the body. Micro-catheters are commonly found throughout the medical device and healthcare industry.
Microcatheter is widely used in the diagnosis & treatment of cardiovascular diseases, neurovascular diseases, peripheral vascular diseases, urological diseases, and otolaryngological diseases. Microcatheter is used for retrieval of clot, delivery of therapeutics & diagnostic agent, in biopsy for taking sample of tissue through tip of catheter, and in withdrawing fluid, food, tissue or other substance. The wide application of microcatheter boost the growth of microcatheters market.
Major factors that drive the growth of the microcatheters market include rise in prevalence of chronic heart disease such as aneurysms, blocked coronary artery, blood clots, atherosclerosis, heart attack, increase in case of plaque blocking a blood vessel, re-narrowing of the artery, and infection of the vessel. For instance, according to National Center for Health Statistics, every year, about 805,000 people in the U. S. have a heart attack. Out of these 805,000 people, 605,000 people have a first heart attack and 200,000 people happen to be those who already had a heart attack.
The rise in incidences of neurovascular diseases such as ischemic stroke along with the demand for minimally invasive procedures and surge in geriatric population suffering from diseases drive growth of the microcatheters market. For instance, according to the National Center for Health Statistics, every year, more than 795,000 people in the U. S. have a stroke. About 610,000 of these are first or new strokes. In addition, according to the Center for Disease Control and Prevention, approximately 87% of all strokes reported are ischemic stroke. Hence, such factors propel the market growth.
Microcatheters are widely used in the treatment of cancer, therefore the rise in number of cancer cases has led to high adoption of microcatheters, hence, fueling growth of the microcatheters market. For instance, according to American Cancer Society, in 2021, It was that estimated 1.9 million new cancer cases was diagnosed and 608,570 people died due to cancer in U. S. According to this report, estimated new cancer cases of female breast cancer (281,550), uterine cervix cancer (14,480), colon & rectum cancer (149,500), uterine corpus cancer (66,570), leukemia cancer (61,090), lung & bronchus cancer (235,760), melanoma of the skin cancer (106,110), non-Hodgkin lymphoma cancer (81,560), prostate (248,530), urinary bladder cancer (83,730) was diagnosed in 2021 in the U. S. Each year, approximately 400,000 children develop cancer. Overall cancer incidence rates, or rates of new cancers, continue to rise slightly in women and children.
In addition, technological advancements; launch of various products; strategies among key players such as acquisition, collaboration, and agreement drive the growth of microcatheters market. For instance, in September 2021, Boston Scientific Corporation announced the acquisition of Baylis Medical Company Inc., a company that offers advanced transseptal access solutions as well as guidewires, sheaths, and dilators used to support catheter-based left-heart procedures.
However, unfavorable reimbursements as well as complications such as stricter regulatory rules and lengthy approval times hinder the market growth. The market growth of the microcatheters is restrained owing to high cost of microcatheters and treatment procedures.
Furthermore, healthcare business is predicted to witness growth, owing to rise in prevalence of cardiac diseases, neurovascular diseases & cancer, increase in R&D investments in drug discovery & development, and rise in awareness regarding minimal invasive procedures. This is anticipated to offer remunerative opportunities for key players to invest in the market during the forecast period.
The microcatheters market is segmented on the basis of product type, application, design, end user, and region. On the basis of product type, the market is classified into delivery microcatheter, aspiration microcatheter, diagnostic microcatheter, and steerable microcatheter. By application, the market is segregated into cardiovascular, neurovascular, peripheral vascular, urology, otolaryngology, and others. By product design, it is classified into single lumen microcatheter and dual lumen microcatheter. By end user, it is fragmented into hospitals & clinics and ambulatory surgical centers. Region wise, the market is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major players profiled in the report are Asahi Intecc Co., Ltd. Boston Scientific Corporation, Cardinal Health, Inc., Cook Group Incorporated, Johnson and Johnson, Medtronic Plc, Merit Medical Systems, Inc., Stryker Corporation, Teleflex Incorporated, Terumo Corporation
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the microcatheters market analysis from 2021 to 2031 to identify the prevailing microcatheters market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the microcatheters market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global microcatheters market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Design
- Single Lumen Microcatheter
- Dual Lumen Microcatheter
By End User
- Hospitals and Clinics
- Ambulatory Surgical Centers
By Product Type
- Delivery Microcatheter
- Aspiration Microcatheter
- Diagnostic Microcatheter
- Steerable Microcatheter
By Application
- Cardiovascular
- Neurovascular
- Peripheral Vascular
- Urology
- Otolaryngology
- Other Applications
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest Of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
Key Market Players
- Asahi Intecc Co., Ltd.
- Boston Scientific Corporation
- Cardinal Health, Inc.
- Cook Group Incorporated
- Johnson And Johnson
- Medtronic Plc
- Merit Medical Systems, Inc.
- Stryker Corporation
- Teleflex Incorporated
- Terumo Corporation
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: MICROCATHETERS MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Delivery Microcatheter
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Aspiration Microcatheter
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Diagnostic Microcatheter
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Steerable Microcatheter
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: MICROCATHETERS MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Cardiovascular
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Neurovascular
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Peripheral Vascular
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Urology
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Otolaryngology
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
5.7 Other Applications
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market analysis by country
CHAPTER 6: MICROCATHETERS MARKET, BY PRODUCT DESIGN
6.1 Overview
6.1.1 Market size and forecast
6.2 Single Lumen Microcatheter
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Dual Lumen Microcatheter
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: MICROCATHETERS MARKET, BY END USER
7.1 Overview
7.1.1 Market size and forecast
7.2 Hospitals and Clinics
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Ambulatory Surgical Centers
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
CHAPTER 8: MICROCATHETERS MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Product Type
8.2.3 North America Market size and forecast, by Application
8.2.4 North America Market size and forecast, by Product Design
8.2.5 North America Market size and forecast, by End User
8.2.6 North America Market size and forecast, by country
8.2.6.1 U. S.
8.2.6.1.1 Market size and forecast, by Product Type
8.2.6.1.2 Market size and forecast, by Application
8.2.6.1.3 Market size and forecast, by Product Design
8.2.6.1.4 Market size and forecast, by End User
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Product Type
8.2.6.2.2 Market size and forecast, by Application
8.2.6.2.3 Market size and forecast, by Product Design
8.2.6.2.4 Market size and forecast, by End User
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Product Type
8.2.6.3.2 Market size and forecast, by Application
8.2.6.3.3 Market size and forecast, by Product Design
8.2.6.3.4 Market size and forecast, by End User
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Product Type
8.3.3 Europe Market size and forecast, by Application
8.3.4 Europe Market size and forecast, by Product Design
8.3.5 Europe Market size and forecast, by End User
8.3.6 Europe Market size and forecast, by country
8.3.6.1 Germany
8.3.6.1.1 Market size and forecast, by Product Type
8.3.6.1.2 Market size and forecast, by Application
8.3.6.1.3 Market size and forecast, by Product Design
8.3.6.1.4 Market size and forecast, by End User
8.3.6.2 France
8.3.6.2.1 Market size and forecast, by Product Type
8.3.6.2.2 Market size and forecast, by Application
8.3.6.2.3 Market size and forecast, by Product Design
8.3.6.2.4 Market size and forecast, by End User
8.3.6.3 UK
8.3.6.3.1 Market size and forecast, by Product Type
8.3.6.3.2 Market size and forecast, by Application
8.3.6.3.3 Market size and forecast, by Product Design
8.3.6.3.4 Market size and forecast, by End User
8.3.6.4 Italy
8.3.6.4.1 Market size and forecast, by Product Type
8.3.6.4.2 Market size and forecast, by Application
8.3.6.4.3 Market size and forecast, by Product Design
8.3.6.4.4 Market size and forecast, by End User
8.3.6.5 Spain
8.3.6.5.1 Market size and forecast, by Product Type
8.3.6.5.2 Market size and forecast, by Application
8.3.6.5.3 Market size and forecast, by Product Design
8.3.6.5.4 Market size and forecast, by End User
8.3.6.6 Rest of Europe
8.3.6.6.1 Market size and forecast, by Product Type
8.3.6.6.2 Market size and forecast, by Application
8.3.6.6.3 Market size and forecast, by Product Design
8.3.6.6.4 Market size and forecast, by End User
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Product Type
8.4.3 Asia-Pacific Market size and forecast, by Application
8.4.4 Asia-Pacific Market size and forecast, by Product Design
8.4.5 Asia-Pacific Market size and forecast, by End User
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 Japan
8.4.6.1.1 Market size and forecast, by Product Type
8.4.6.1.2 Market size and forecast, by Application
8.4.6.1.3 Market size and forecast, by Product Design
8.4.6.1.4 Market size and forecast, by End User
8.4.6.2 China
8.4.6.2.1 Market size and forecast, by Product Type
8.4.6.2.2 Market size and forecast, by Application
8.4.6.2.3 Market size and forecast, by Product Design
8.4.6.2.4 Market size and forecast, by End User
8.4.6.3 India
8.4.6.3.1 Market size and forecast, by Product Type
8.4.6.3.2 Market size and forecast, by Application
8.4.6.3.3 Market size and forecast, by Product Design
8.4.6.3.4 Market size and forecast, by End User
8.4.6.4 Australia
8.4.6.4.1 Market size and forecast, by Product Type
8.4.6.4.2 Market size and forecast, by Application
8.4.6.4.3 Market size and forecast, by Product Design
8.4.6.4.4 Market size and forecast, by End User
8.4.6.5 South Korea
8.4.6.5.1 Market size and forecast, by Product Type
8.4.6.5.2 Market size and forecast, by Application
8.4.6.5.3 Market size and forecast, by Product Design
8.4.6.5.4 Market size and forecast, by End User
8.4.6.6 Rest of Asia-Pacific
8.4.6.6.1 Market size and forecast, by Product Type
8.4.6.6.2 Market size and forecast, by Application
8.4.6.6.3 Market size and forecast, by Product Design
8.4.6.6.4 Market size and forecast, by End User
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Product Type
8.5.3 LAMEA Market size and forecast, by Application
8.5.4 LAMEA Market size and forecast, by Product Design
8.5.5 LAMEA Market size and forecast, by End User
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Brazil
8.5.6.1.1 Market size and forecast, by Product Type
8.5.6.1.2 Market size and forecast, by Application
8.5.6.1.3 Market size and forecast, by Product Design
8.5.6.1.4 Market size and forecast, by End User
8.5.6.2 Saudi Arabia
8.5.6.2.1 Market size and forecast, by Product Type
8.5.6.2.2 Market size and forecast, by Application
8.5.6.2.3 Market size and forecast, by Product Design
8.5.6.2.4 Market size and forecast, by End User
8.5.6.3 South Africa
8.5.6.3.1 Market size and forecast, by Product Type
8.5.6.3.2 Market size and forecast, by Application
8.5.6.3.3 Market size and forecast, by Product Design
8.5.6.3.4 Market size and forecast, by End User
8.5.6.4 Rest of LAMEA
8.5.6.4.1 Market size and forecast, by Product Type
8.5.6.4.2 Market size and forecast, by Application
8.5.6.4.3 Market size and forecast, by Product Design
8.5.6.4.4 Market size and forecast, by End User
CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments
CHAPTER 10: COMPANY PROFILES
10.1 Asahi Intecc Co., Ltd.
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 Boston Scientific Corporation
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Cardinal Health, Inc.
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Cook Group Incorporated
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 Johnson And Johnson
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Medtronic Plc
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 Merit Medical Systems, Inc.
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 Stryker Corporation
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Teleflex Incorporated
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 Terumo Corporation
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Microcatheters Market,' the microcatheters market size was valued at $748.88 million in 2021, and is estimated to reach $1.2 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.Microcatheter is used to describe thin wall, small diameter catheters, and delivery devices used in minimally invasive applications. These small catheters are ideal for navigating the vast network of tiny veins found within the body. Micro-catheters are employed extensively in the neurovascular and cardiovascular fields. They are most commonly used in small vessel or selective diagnostic and interventional procedures. When an application requires an ultra-thin device for delivery, diagnosis, or mapping, a microcatheter is most likely used.
Growth of the microcatheters market trends is majorly driven by surge in number of patients suffering from cancer, rise in prevalence of chronic heart diseases, atherosclerosis, and neurovascular diseases. Globally, the microcatheters market has witnessed significant growth, owing to increase in accidental cases that cause blood clot in neuro vessels, increase in neurovascular diseases, surge in application of microcatheters, and rise in awareness regarding minimal invasive technique in different regions of the world.
Thus, above-mentioned factors are anticipated to fuel adoption of microcatheters products against chronic diseases. Furthermore, the market is highly competitive in nature, with major players focusing on creating awareness regarding advanced microcatheters. Major players in the microcatheters market host exhibition and seminars to display latest technology in microcatheters and promote use of multifunctional microcatheters for diverse medical applications.
In addition, rise in R&D investments, increase in microcatheters-assisted clinical research studies, and significant rise in the capital income in developed countries strengthen the demand for microcatheters in the market. Rise in the number of research institutes globally is setting up opportunities for the microcatheters market growth.
However, the sales of microcatheters has witnessed hindrances, owing to strict government regulations on the quality of material that are used in it and lack of skilled physicians in performing minimal invasive surgeries using the latest technology. High cost of treatment procedures hampers the market growth. On the contrary, surge in healthcare investments in public as well as private sectors, increase in patient population, and unmet medical demands in developing economies are anticipated to open new avenues for expansion of the microcatheters industry during the forecast period.
By product type, the steerable microcatheter segment is expected to witness highest CAGR during the forecast period owing to surge in demand for minimal invasive procedure and advanced technology (steerability of microcatheters) of microcatheters. Moreover, manufacturers in the market are boosting their output capacities in steerable microcatheters for treatment of heart diseases.
On the basis of applications, the neurovascular segment is expected to witness highest CAGR during the forecast period owing to increase in ischemic stroke, rise in sports injuries, and surge in accidental cases that cause head injuries and blood clots in brain.
On the basis of product design, the dual lumen microcatheter segment generated maximum revenue in 2021 and is expected to witness highest CAGR during the forecast period owing to surge in number of open-heart surgeries, rise in heart attack, cancer, tumor, ischemic stroke, atherosclerosis, angina, myocardial infarction, diabetes, and hypertension.
On the basis of end user, the ambulatory surgery centers segment is expected to witness highest CAGR during the forecast period, owing to increase in the use, trend, and awareness about benefits of ambulatory surgical centers.
By region, North America generated maximum revenue in 2021, owing to surge in geriatric population and increase in prevalence of diseases such as chronic renal disease, cancer, heart attack, and diabetes. Asia-Pacific is expected to witness highest CAGR during the forecast period owing to presence of large patient population and rise in use of microcatheters in minimal invasive surgery. In addition, increasing number of cancer patients boosts the growth of microcatheters industry.
Key findings of the study
- By product type, the aspiration microcatheter segment held the largest microcatheters market share in 2021.
- By application, the cardiovascular segment held the largest share in the microcatheters market analysis in 2021.
- On the basis of product design, the dual lumen microcatheter segment held the largest microcatheters market size in 2021 and and is expected to witness highest CAGR during the microcatheters market forecast.
- On the basis of end user, the hospitals and clinics segment held the largest microcatheters market share in 2021.
- On the basis of region, the North America held the largest market share in 2021.
Companies Mentioned
- Asahi Intecc Co. Ltd.
- Boston Scientific Corporation
- Cardinal Health, Inc.
- Cook Group Incorporated
- Johnson and Johnson
- Medtronic PLC
- Merit Medical Systems, Inc.
- Stryker Corporation
- Teleflex Incorporated
- Terumo Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 312 |
Published | October 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 748.88 million |
Forecasted Market Value ( USD | $ 1240.44 million |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |