The microcatheters market is a segment within the medical devices industry that focuses on the development and supply of small, thin catheters used for navigating and delivering medical devices to precise locations within the body. Microcatheters are commonly used in minimally invasive procedures, such as interventional radiology, neurovascular interventions, and peripheral vascular procedures. The market serves healthcare professionals and medical facilities seeking advanced and precise catheterization solutions for a wide range of medical conditions.
According to the new market research report "Microcatheters Market by Type (Delivery, Diagnostic, Aspiration, Steerable), Design (Single, Dual), Application (Cardiovascular, Neurovascular, Peripheral Vascular, Oncology), End-User (Hospitals, Ambulatory Surgical Centers) - Global Forecast to 2028"
The global microcatheters market in terms of revenue was estimated to be worth $874 million in 2023 and is poised to reach $1,142 million by 2028, growing at a CAGR of 5.5% from 2023 to 2028.
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Driver: Increasing Prevalence of Chronic Diseases
The rising incidence of chronic diseases such as cardiovascular diseases, neurovascular disorders, and cancer drives the demand for microcatheters. These conditions often require minimally invasive interventions, where microcatheters play a critical role.
Growing Aging Population:
The global aging population is a significant driver of the microcatheter industry. Older individuals are more susceptible to various medical conditions, including those that require interventional procedures. The aging demographic fuels the demand for microcatheters as a key tool for diagnosis and treatment.
Major companies in this market include well-established and financially stable suppliers of microcatheter systems, reagents, gel documentation systems, and software. Prominent companies in this market include Boston Scientific Corporation Massachusetts, US), Medtronic plc (Dublin, Ireland), Terumo Corporation (Tokyo, Japan), Johnson & Johnson (New Jersey, US), Cook Medical Inc. (Indiana, US), Abbott Laboratories (Illinois, US), B. Braun Melsungen AG (Melsungen, Germany), Cardinal Health, Inc. (Ohio, US) among several others.
Report Objectives
- To provide detailed information regarding the major factors (such as drivers, restraints, opportunities, and challenges) influencing the market growth
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To strategically analyze the market structure and profile the key players of the market and comprehensively analyze their core competencies
- To forecast the size of the market segments with respect to four regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
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