Global Microcatheters Market

Microcatheters Market by Product (Delivery, Steerable), Product Design (Single, Dual), Application (Cardiovascular, Oncology), End-User (Hospitals, Ambulatory Surgical Centers), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2967 | Region: Global | Published Date: November, 2024
Pages: 206 | Tables: 94 | Figures: 66

Microcatheters Market Regional Insights

North America is estimated to spearhead the global microcatheters demand outlook across the study period. The presence of a developed healthcare infrastructure, rising surgical procedure volumes, and high healthcare expenditure allow this region to hold a dominant stance. Growing aging population has helped the United States become the most opportune market in North America. Canada is also expected to provide good growth opportunities for microcatheters companies. Rising preference for minimally invasive surgeries in this region will also boost sales of microcatheters going forward.

Rapidly expanding senescent population and growing investments in healthcare infrastructure development are projected to make the Asia Pacific region the fastest growing one in the world. The surge in prevalence of cardiovascular disorders, rising availability of advanced microcatheters, and increasing healthcare spending potential of patients are also expected to uplift the demand for microcatheters in this region. India, China, and Japan are slated to be the most rewarding markets for microcatheters providers in this region.

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FAQs

Global Microcatheters Market was valued at USD 860 Million in 2022 and is expected to rise from USD 908.16 Million in 2023 to USD 1404.34 Million by 2031, at a CAGR of 5.60% during the forecast period (2024–2031). 

Microcatheter manufacturers should focus on simplifying the use of their products to address the dearth of skilled medical professionals. Microcatheters companies can also work with healthcare insurance providers and healthcare companies to improve the reimbursement scenario for their offerings. Targeting developing countries will also be a major strategy for all microcatheters providers in the long run. 'Terumo Corporation ', 'Merit Medical System ', 'Stryker Corporation ', 'Penumbra Inc. ', 'Boston Scientific Corporation ', 'Teleflex Inc. ', 'Asahi Intecc USA, Inc. ', 'Surmodics, Inc. ', 'BioCardia Inc.  ', 'CARDINAL HEALTH, INC. ', 'JOHNSON & JOHNSON ', 'LEPU MEDICAL TECHNOLOGY (BEIJING) CO., LTD ', 'BECTON, DICKINSON AND COMPANY ', 'KANEKA CORPORATION ', 'ANGIODYNAMICS, INC. ', 'MILLAR, INC. ', 'BAYLIS MEDICAL COMPANY, INC. ', 'EMBOLX, INC. ', 'ACANDIS GMBH ', 'COOK MEDICAL'

Preference and popularity of minimally invasive procedures has increased substantially in recent years. The growing number of hospitals offering these procedures is driving up the demand for microcatheters and other products that make minimally invasive surgeries possible and accessible.

Use of Microcatheters in Oncology: Incidence of cancer has increased rapidly around the world, and everyone is focused on finding viable treatment options for the same. Microcatheters companeis can explore the scope of application of their offerings in oncology to expand their business reach and revenue generation in the future.

North America is estimated to spearhead the global microcatheters demand outlook across the study period. The presence of a developed healthcare infrastructure, rising surgical procedure volumes, and high healthcare expenditure allow this region to hold a dominant stance. Growing aging population has helped the United States become the most opportune market in North America. Canada is also expected to provide good growth opportunities for microcatheters companies. Rising preference for minimally invasive surgeries in this region will also boost sales of microcatheters going forward.

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Global Microcatheters Market

Report ID: SQMIG35A2967

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