As per our report, the global micro guide catheters market size is estimated to grow at a CAGR of 8.2% during the forecast period.
Micro guide catheters have a coating of stainless steel, glide technology, and gold marker. In the process of catheterization, a medical device is inserted into the human body during surgical procedures in the called catheter. The Catheter medical device is made from medical-grade materials. This device is used to treat various diseases like ophthalmic, neurovascular, urological, cardiovascular, and gastrointestinal. A catheter performs many functions such as fluid administration, fluid drainage, organ access, and gas administration during the surgery in the human body, which is made up of polymers such as nylon, thermoplastic, silicone, polyurethane, elastomer and polyethene, and many more.
Y-O-Y growth in the prevalence of cardiovascular diseases and other diseases is majorly driving the global micro guide catheters market.
The increasingly sedentary lifestyle of people, rising aging population across the world are further fuelling the market growth for micro guide catheters. As per the World Health Organization, most of the aged population rate would increase by 60 and above by 2050, which shows the need for more use of microcatheters to minimize the risk of infections or complications after the surgery. The North American region is dominating the global micro guide catheters market. The problems associated with the aged population and increasing disease rate will strident the micro guide catheters market towards further growth.
The risks occurred with the functioning and catheter material can hamper the growth of the micro guide catheter market. In some cases, the polymer of the catheter has got fractured or proven to be weak. These fractures need to be fixed before causing any other infection in the particular body or organ; it creates increases the cost of the surgery; these problems need to solve post-surgery, or else it will hamper the growth of the micro guide catheter market.
Market Size Available
2019 to 2025
2020 to 2025
By Type, Therapeutic Area, and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
This research report on the global micro guide catheters market has been segmented based on the type, therapeutic area, and region.
Micro Guide Catheters Market - By Type:
The over wire micro guide catheters are accounted to hold the highest shares in the market during the forecast period based on the type. Increasing use in cardiovascular applications like coronary & peripheral interventions and neurovascular interventional applications significantly influences the demand of the market. Creating awareness through digital platforms is enhancing the growth rate of the market.
Micro Guide Catheters Market - By Therapeutic Area:
Based on the therapeutic area, a cardiovascular catheter is a leading category in the market. It holds roughly 40% market share. These micro guide catheters are extensively used in cardiovascular disease treatment. The cardiovascular segment is conducting approximately 40% of the market shares over the period.
Micro Guide Catheters Market - By Region:
Regionally, the North American region leads the global market because of the high volumes of medical procedures conducted through catheterization. Apart from that, the availability of established healthcare infrastructure, patient compliance, high contribution of healthcare to the economy are the reasons attributable to the above-mentioned observable trend. The constant healthcare sector improvements and a large amount of population base in the Asia Pacific region are anticipated to drive the demand in the Asia Pacific market.
KEY MARKET PARTICIPANTS:
Prominent Companies dominating the Global Micro Guide Catheters Market Profiled in the Report are Lake Region Manufacturing Inc., Boston Scientific Corporation, Volcano Corporation, Micro Therapeutics Inc., LuMend Corporation, Terumo Europe N.V., Covidien AG, ASAHI INTECC Company Limited, and Merit Medical Systems Inc.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Over-the-wire micro guide catheter
5.1.3 Flow directed micro guide catheter
5.1.4 Y-o-Y Growth Analysis, By Product
5.1.5 Market Attractiveness Analysis, By Product
5.1.6 Market Share Analysis, By Product
5.2 Therapeutic Area
5.2.4 Y-o-Y Growth Analysis, By Type
5.2.5 Market Attractiveness Analysis, By Type
5.2.6 Market Share Analysis, By Type
5.3 End User
5.3.2 Specialty Clinics
5.3.3 Ambulatory Surgery Centers
5.3.4 Y-o-Y Growth Analysis, By End User
5.3.5 Market Attractiveness Analysis, By End User
5.3.6 Market Share Analysis, By End User
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Type
18.104.22.168 By Therapeutic Area
6.1.4 Market Attractiveness Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Type
188.8.131.52 By Therapeutic Area
6.1.5 Market Share Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Type
18.104.22.168 By Therapeutic Area
6.2 North America
6.2.2 United States
6.4.6 South Korea
6.5 Latin America
6.5.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 LuMend Corporation
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Terumo Europe N.V.
8.3 Covidien AG
8.4 ASAHI INTECC Company Limited
8.5 Lake Region manufacturing Inc.
8.6 Boston Scientific Corporation
8.7 Volcano Corporation
8.8 Micro Therapeutics Inc
8.9 Merit Medical Systems Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, Collaborations, and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures