The Worldwide Microcatheter Market is Projected to reach USD 1.1 Billion by 2028, at a CAGR of 5.4%

Published Date: 20-Jan-2023

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Microcatheter Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Microcatheter Market size is expected to reach $1.1 billion by 2028, rising at a market growth of 5.4% CAGR during the forecast period.

The Aspiration segment is showcasing a CAGR of 5.7% during (2022 - 2028). One of the important factors influencing this market is the growing requirement for the treatment of severe strokes, aneurysms, and peripheral artery disorders. During interventional procedures, these catheters also provide rapid recanalization, complete stoppage of blood flow, and distal embolism prevention. Additionally, it is frequently used to remove debris or thrombus from obstructed vessels.

The Dual - Lumen segment acquired maximum revenue share in the Global Microcatheter Market by Product Design in 2021 thereby, achieving a market value of $685.3 million by 2028. Advantages of a dual lumen microcatheter comprise simple access to the surgical site. As an alternative to several perfusions, numerous analgesic or pharmaceutical infusions may be administered simultaneously. It is preferred for interventional cardiology operations and serves the same purposes as two microcatheters.

The Ambulatory Care Centers segment has shown the growth rate of 8.1% during (2022 - 2028). According to the ambulatory surgical centre association, ambulatory surgery centres (ASCs) are a brand-new type of healthcare institution designed to provide same-day surgical treatment, comprising diagnostic and preventative procedures. These services are made available to individuals who require surgical or diagnostic procedures with shortened turnaround times and recuperation periods.

The Cardiovascular segment is generating highest revenue share in the Global Microcatheter Market by Application in 2021 thereby, achieving a market value of $486.3 million by 2028. Due to the fact that cardiovascular diseases (CVD) have surpassed all other causes of death globally during the previous three decades. The WHO estimates that 17.9 million people died in the world in 2016. Furthermore, it is anticipated that even more than 3.6 million individuals will die from CVD by the year 2030.

The North America market dominated the Global Microcatheter Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $445.8 million by 2028. The Asia Pacific market is exhibiting a CAGR of 6.3% during (2022 - 2028). Additionally, The Europe market would showcase a CAGR of 5.6% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/microcatheter-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Medtronic PLC, Johnson & Johnson, Becton, Dickinson and Company, Boston Scientific Corporation, Terumo Corporation, Teleflex, Inc., Stryker Corporation, Merit Medical Systems, Inc., Cardinal Health, Inc., and Cook Medical, Inc. (Cook Group).

Global Microcatheter Market Segmentation

By Product

  • Delivery
  • Diagnostic
  • Aspiration
  • Steerable

By Product Design

  • Dual - Lumen
  • Single Lumen

By End User

  • Hospitals, Surgical Centers & Specialty Clinics
  • Ambulatory Care Centers

By Application

  • Cardiovascular
  • Neurovascular
  • Peripheral Vascular
  • Oncology

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Medtronic PLC
  • Johnson & Johnson
  • Becton, Dickinson and Company
  • Boston Scientific Corporation
  • Terumo Corporation
  • Teleflex, Inc.
  • Stryker Corporation
  • Merit Medical Systems, Inc.
  • Cardinal Health, Inc.
  • Cook Medical, Inc. (Cook Group)

Unique Offerings from KBV Research

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  • The highest number of Market tables and figures
  • Subscription-based model available
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  • Assured post sales research support with 10% customization free

Related Reports:

North America Microcatheter Market size & Opportunities 2022-2028

Europe Microcatheter Market & Growth Forecast 2022-2028

Asia Pacific Microcatheter Market Share & Industry Outlook to 2028

LAMEA Microcatheter Market Growth, Trends & Forecasts 2022-2028

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