Microcatheters Market By Indication (Coronary, Neurovascular, General Peripheral Vascular), By End User (Hospitals, Clinics, Ambulatory Surgical Centers) - Growth, Future Prospects & Competitive Analysis, 2019 – 2027
"Microcatheters market to exhibit productive growth during the forecast period"
The global microcatheters market is growing productively, was valued at US$ 592.4 Mn in 2018 and expected to reach US$ 904.1 Mn by 2027. Globally increasing minimally invasive surgical procedures, the high prevalence of cardiovascular disorders (majorly cardiac arrhythmia, congestive heart failure, and cardiac arrest), kidney disorders and urology disorders has significantly increased the market share in the recent years. Partnerships along with new product launches in the cardiovascular, urology and neurovascular indication segment are driving the growth in the emerging nations on a global scale.
Additionally, rising medical tourism for surgery, usage of branded microcatheters with top applications, and increasing number of hospitals along with favorable reimbursement structure fuels the demand for microcatheters globally. However, the risk of infections, the high cost of branded products, forceful price competition in the local markets mainly in the Asia Pacific and Europe are liable for limiting the overall growth of microcatheters market.
"Coronary segment is expected to register higher growth by the end of 2026"
Novel technology assessment in the design of microcatheters, high prevalence for cardiovascular disorders and availability of diagnosis, delivery, aspiration, steerable microcatheters on a global scale will drive the demand during the forecast period. In addition, improved applications in coated microcatheters, tip technology and integrated microcatheters is further going to spur revenue growth during the forecast period. For e.g. Direxion™ (first Nitinol Microcatheter for enhanced steerability and control). Additionally, development in healthier reimbursement models, and new technology assessment in microcatheter technology are factors driving the overall growth of the market.
"Increasing admissions due to cardiovascular disorders in the hospital segment to witness a significant CAGR"
Increasing heart related disorders, cancer, oncology, cardiovascular, and other chronic diseases are remarkable variables expected for the growth of the global microcatheters market. Increasing population along with rising hospital admissions for image-guided and minimally invasive procedures across major nations in Europe and the Asia Pacific is a major factor in escalating the growth in the end user segment. In 2018, hospitals segment generated maximum revenue share as large number of surgical and diagnostic procedures are mainly performed. Additionally, development in the clinics and ambulatory surgical centers and other cardiovascular centers has sustained the administrations of microcatheters.
"Increasing population, new product launches and the presence of top players holds North America in dominant position"
In 2018, the U.S generated maximum revenue in the global microcatheters market accredited to the increasing prevalence of cardiovascular and urology disorders, urinary tract infections, and other neurovascular disorders. Furthermore, growing minimally invasive procedures, and utilization of branded steerable or delivery microcatheters in hospitals and specialty clinics will drive the overall growth of the market. Major factors include increasing awareness about advanced catheter technology, growing FDA approvals for new products, growing prevalence of liver & kidney cancer and the presence of top catheter manufacturers in North America & Western Europe. Nevertheless, in poorer economic nations such as India, China, Brazil, and South Africa, the accessibility of advanced products are limited. Lack of qualified physicians, less appropriateness of medical treatment and the high cost of products along with procedures are factors limiting the growth of the microcatheters market.
"Dominance of multinational manufacturers with strong product portfolio in the developed regions"
Major players in the Microcatheters market are Medtronic plc., Asahi Intecc USA, Terumo Medical Corporation, Boston Scientific Corporation, Tokai Medical Products, Penumbra, Inc., Cardinal Health, Inc. , Becton, Dickinson and Company, AngioDynamics, Inc., BTG PLC, Teleflex Incorporated, MERIT MEDICAL SYSTEMS, INC. and others. Top organizations are implementing growth strategies along with new technology expansion in microcatheters designs along with partnerships & acquisitions with medical technology companies. For example, in November 2018, ASAHI INTECC CO., LTD. signed an exclusive agreement with Medtronic plc. to wholly distribute its catheter and neurovascular guidewire products in the U.S market.
Historical & Forecast Period
This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
Report Scope by Segments
Market Segmentation
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Million |
| Segmentation |
Indication (2017–2027; US$ Mn) |
|
End User Segment (2017–2027; US$ Mn) |
|
|
Geography Segment (2017–2027; US$ Mn) |
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that gives a better market understanding of the overall microcatheters market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.
Key questions answered in this report
- What are the current market trends and dynamics in the microcatheters market and valuable opportunities for emerging players?
- Market positioning of major key players operating in the market?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which indication holds a larger market share and why?
- Are low and middle-income economies investing in the microcatheters market?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?
Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Market Segmentation
1.3. Research Scope
1.4. Research Methodology
1.4.1. Phase I – Secondary Research
1.4.2. Phase II – Primary Research
1.4.3. Phase III – Expert Panel Review
1.4.4. Assumptions
1.5. Market Segmentation
Chapter 2. Executive Summary
2.1. Global Microcatheters Market Portraiture
2.2. Global Microcatheters Market, By Indication, 2018 (US$ Mn)
2.3. Global Microcatheters Market, By End User, 2018 (US$ Mn)
2.4. Global Microcatheters Market, by Geography, 2018 vs. 2027 (Value %)
Chapter 3. Global Microcatheters Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Microcatheters Market Technologies: Future Trends
3.3. Current Scenario: New Product Launches, High prevalence For Cardiovascular Diseases
3.4. Challenges
3.5. Opportunities
3.6. Attractive Investment Proposition, by Geography, 2018
3.7. Competitive Landscape
3.7.1. Competitive Landscape, by Key Players, 2018
Chapter 4. Global Microcatheters Market, by Indication, 2017 – 2027 (US$ Mn)
4.1. Overview
4.2. Coronary
4.3. Neurovascular
4.4. General Peripheral Vascular
Chapter 5. Global Microcatheters Market, By End User, 2017 – 2027 (US$)
5.1. Overview
5.2. Hospitals
5.3. Clinics
5.4. Ambulatory Surgical Centers
Chapter 6. Global Microcatheters Market, by Geography, 2017 – 2027 (US$ Mn)
6.1. Overview
6.2. North America Microcatheters Market Analysis, 2017 – 2027
6.2.1. North America Microcatheters Market, By Indication, 2017 – 2027 (US$ Mn)
6.2.2. North America Microcatheters Market, By End User, 2017 – 2027 (US$ Mn)
6.2.3. North America Microcatheters Market, by Country, 2017 – 2027 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe Microcatheters Market Analysis, 2017 – 2027
6.3.1. Europe Microcatheters Market, By Indication, 2017 – 2027 (US$ Mn)
6.3.2. Europe Microcatheters Market, By End User, 2017 – 2027 (US$ Mn)
6.3.3. Europe Microcatheters Market, by Country, 2017 – 2027 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. Rest of Europe
6.4. Asia Pacific Microcatheters Market Analysis, 2017 – 2027
6.4.1. Asia Pacific Microcatheters Market, By Indication, 2017 – 2027 (US$ Mn)
6.4.2. Asia Pacific Microcatheters Market, By End User, 2017 – 2027 (US$ Mn)
6.4.3. Asia Pacific Microcatheters Market, by Country, 2017 – 2027 (US$ Mn)
6.4.3.1. Japan
6.4.3.2. China
6.4.3.3. Rest of APAC
6.5. Latin America Microcatheters Market Analysis, 2017 – 2027
6.5.1. Latin America Microcatheters Market, By Indication, 2017 – 2027 (US$ Mn)
6.5.2. Latin America Microcatheters Market, By End User, 2017 – 2027 (US$ Mn)
6.5.3. Latin America Microcatheters Market, by Country, 2017 – 2027 (US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Mexico
6.5.3.3. Rest of Latin America
6.6. Middle East & Africa (MEA) Microcatheters Market Analysis, 2017 – 2027
6.6.1. MEA Microcatheters Market, by Indication, 2017 – 2027 (US$ Mn)
6.6.2. MEA Microcatheters Market, By End User, 2017 – 2027 (US$ Mn)
6.6.3. MEA Microcatheters Market, by Region, 2017 – 2027 (US$ Mn)
6.6.3.1. GCC
6.6.3.2. Rest of MEA
Chapter 7. Company Profiles
7.1. Medtronic plc.
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Asahi Intecc USA
7.3. Terumo Medical Corporation
7.4. Boston Scientific Corporation
7.5. Tokai Medical Products
7.6. Penumbra, Inc.
7.7. Cardinal Health, Inc.
7.8. Becton, Dickinson and Company
7.9. AngioDynamics, Inc.
7.10. BTG PLC
7.11. Teleflex Incorporated
7.12. MERIT MEDICAL SYSTEMS, INC.
TABLE 1 Market Snapshot: Global Microcatheters Market
TABLE 2 Global Microcatheters Market, by Indication, 2017–2027 (US$ Mn)
TABLE 3 Global Microcatheters Market, by End User, 2017–2027 (US$ Mn)
TABLE 4 Global Microcatheters Market, by Geography, 2017–2027 (US$ Mn)
TABLE 5 North America Microcatheters Market, by Indication, 2017–2027 (US$ Mn)
TABLE 6 North America Microcatheters Market, by End User, 2017–2027 (US$ Mn)
TABLE 7 North America Microcatheters Market, by Country, 2017–2027 (US$ Mn)
TABLE 8 Europe Microcatheters Market, by Indication, 2017–2027 (US$ Mn)
TABLE 9 Europe Microcatheters Market, by End User, 2017–2027 (US$ Mn)
TABLE 10 Europe Microcatheters Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 11 Latin America Microcatheters Market, by Indication, 2017–2027 (US$ Mn)
TABLE 12 Latin America Microcatheters Market, by End User, 2017–2027 (US$ Mn)
TABLE 13 Latin America Microcatheters Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 14 Asia Pacific Microcatheters Market, by Indication, 2017–2027 (US$ Mn)
TABLE 15 Asia Pacific Microcatheters Market, by End User, 2017–2027 (US$ Mn)
TABLE 16 Asia Pacific Microcatheters Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 17 Middle East & Africa Microcatheters Market, by Indication, 2017–2027 (US$ Mn)
TABLE 18 Middle East & Africa Microcatheters Market, by End User, 2017–2027 (US$ Mn)
TABLE 19 Middle East & Africa Microcatheters Market, by Region, 2017–2027 (US$ Mn)
TABLE 20 Medtronic plc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 21 Asahi Intecc USA .: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 22 Terumo Medical Corporation .: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 Boston Scientific Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 Tokai Medical Products: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Penumbra, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Becton Dickinson and Company: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 BTG PLC: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Cardinal Health, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 AngioDynamics, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 Teleflex Incorporated: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 MERIT MEDICAL SYSTEMS, INC.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
FIG. 1 Global Microcatheters Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Microcatheters Market Segmentation
FIG. 4 Global Microcatheters Market, by Indication, 2017 (US$ Mn)
FIG. 5 Global Microcatheters Market, by End User, 2017 (US$ Mn)
FIG. 6 Global Microcatheters Market, by Geography, 2017 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Geography, 2017
FIG. 8 Global Market Positioning of Key Microcatheters Market Manufacturers, 2017
FIG. 9 Global Microcatheters Market for Coronary Indications, 2017–2027 (US$ Mn)
FIG. 10 Global Microcatheters Market for Neurovascular Indications, 2017–2027 (US$ Mn)
FIG. 11 Global Microcatheters Market for General Peripheral Vascular Indications, 2017–2027 (US$ Mn)
FIG. 12 Global Hospitals Market (End User), 2017–2027 (US$ Mn)
FIG. 13 Global Clinics Market (End User), 2017–2027 (US$ Mn
FIG. 14 Global Ambulatory Surgical Centers Market (End User), 2017–2027 (US$ Mn
FIG. 15 U.S. Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 16 Canada Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 17 U.K. Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 18 Germany Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 19 Rest of Europe Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 20 Japan Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 21 China Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 22 Rest of Asia Pacific Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 23 Brazil Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 24 Mexico Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 25 Rest of Latin America Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 26 GCC Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 27 Rest of Middle East & Africa Microcatheters Market, 2017–2027 (US$ Mn)
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