Microcatheters Market Size, Share, Growth Analysis, By Product Design(Single Lumen, and Dual Lumen), By Product(Delivery Microcatheters, Aspiration Microcatheters, Diagnostic Microcatheters, and Steerable Microcatheters), By Application(Cardiology, Neurology, Peripheral Vascular, Oncology), By Region - Industry Forecast 2024-2031

Drivers

Demand for Minimally Invasive Procedures

• 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.

High Incidence of Cardiovascular and Neurovascular Disorders

• More people are at risk of developing cardiovascular and neurovascular disorders in present times than ever before. This surge in prevalence of these diseases can be attributed to poor lifestyles. Microcatheters play a crucial role in the treatment of these indications thereby driving market growth.

Restraints

Risks and Complications in Procedures

• While microcatheters enable minimally invasive surgeries for patients, they are not free from risks and complications. Internal bleeding, infections, and blood vessel damage are some key risks and complications that could impede sales of microcatheters over the coming years.

Dearth of Skilled Professionals

• The healthcare industry is already facing a shortage of skilled medical professionals to handle different tasks and procedures. This trend is also true for microcatheters as they require highly skilled surgeons and medical professionals to manage them. Hence, lack of such professionals could slow down microcatheters market development in the future.