Microcatheters Market to be Dominated by the Cardiovascular Segment by 2028
Rising cases of minimally invasive surgeries are expected to
drive the Global Microcatheters Market in the forecast period, 2024-2028.
According to TechSci Research report, “Microcatheters
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”,
Global Microcatheters Market is
anticipated to grow at a steady rate in the forecast period, 2024-2028. This
can be attributed to the rising prevalence of chronic diseases such as
cardiovascular and neuromuscular disease across the world along with growing
technological advancement in the microcatheters.
Increasing prevalence of chronic heart
disease globally is increasing the demand for improved diagnosis and treatments
(including urine examinations) and research worldwide. For instance, the
National Center for Health Statistics estimates that more than 795,000
Americans get a stroke each year. Moreover, the Center for Disease Control and
Prevention estimates that ischemic stroke accounts for around 87% of all
recorded stroke cases.
Meanwhile, other factors such as government’s
growing focus on disease screening and rising government investments and
awareness for diagnosis are anticipated to bolster the market growth in the
forecast period.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on "Microcatheters Market.”
Based on Application, the market is segmented into cardiovascular, neurovascular,
peripheral vascular, and oncology. The
Cardiovascular product segment
dominated the market in 2022 and is expected to hold the highest share in the
forecast period. This is on account of increasing chronic cardiac conditions such
myocardial infarction, angina, hypertension, arrhythmia heart attacks,
atherosclerosis, and coronary artery blockages. Also, growing sedentary
lifestyle such as lack of physical activity, drinking alcohol, obesity, smoking,
and high blood pressure are causes leading to cardiovascular diseasesand is
thereby attributed to add to the growth of the market in the forecast period.
Based on the design, the market is
segmented into Single and Dual. The dual segment dominated in 2022 and is
expected to hold the largest share in the forecast period. This is due to
increased number of open-heart surgeries, cancer, tumor, ischemic stroke, rise
in heart attack, atherosclerosis, angina, diabetes, myocardial infarction, and
hypertension. Other advantages of a dual lumen microcatheter include simple
access to the surgical site. Moreover, many analgesic or medication infusions
given concurrently rather than numerous perfusions.
Moreover, growing frequency of chronic
disease prevalence, rise in investment in the healthcare industry and
infrastructure along with the rise in sedentary lifestyle leading to increased
risk of disease and the growing need for disease diagnosis are factors supporting
to the market growth to bolster the Microcatheters Market demand in the
forecast period.
Major companies operating in the Global Microcatheters
Market are:
- Boston Scientific Corporation
- Stryker corporation
- Teleflex Incorporated
- Cook Group
- Becton Dickinson and Company
- Asahi Intecc Co. ltd.
- Terumo Medical Corporation
- Medtronic Plc.
- Johnson & Johnson
- Teleflex Incorporated
Companies operating in the market are following strategies such as continuously
innovating tools to improve image quality and create specialized clinical tools
to help the patients see more anatomical detail with greater certainty,
enabling them to provide the best possible patient care, in order to stay
competitive and have an edge over other players operating in the industry.
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“North America region is expected to dominate the Global Microcatheters Market
attributing rise in numbers for cardiovascular disease in the region along with
increased health expenditure and growing R&D in healthcare industry in the
region. Besides, the government investments and rising technological advancement
and new product launches, it is further expected to support the market growth
in the region.” said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
Microcatheter Market - “Global Industry Size,
Share, Trends, Competition, Opportunity, and Forecast, 2018-2028. Segmented By
Type (Delivery, Diagnostic, Aspiration, Steerable), By Design (Single, Dual),
By Application (Cardiovascular, Neurovascular, Peripheral Vascular, Oncology),
By End user (Hospital & Ambulatory Surgical Centers, Vascular, Oncology, By
Region and Competition”,
has evaluated the
future growth potential of Microcatheters Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the global microcatheters Market.
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