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Micro Guide Catheters Market

Micro Guide Catheters Market By Product (Over-the-wire and Flow-directed), Application (Cardiovascular, Neurovascular), End User (Hospitals/Clinics and Ambulatory Surgical Centres) & Region - Forecast 2022-2032

Market Insights on Micro Guide Catheters covering sales outlook, demand forecast & up-to-date key trends

Micro Guide Catheters Market Overview

The micro guide catheters market is projected to advance at a moderate pace with a CAGR of 5.6% during the forecast period 2022-2032.

Attributes

Details

Micro Guide Catheters Market CAGR

5.6%

Micro Guide Catheters Market (2028)

US$ 78 Bn

Sales of micro guide catheters are anticipated to surge rapidly, owing to the sedentary lifestyle of people who are predisposed to cardiovascular disease or other diseases.

Instead of traditional open surgery, doctors use a variety of techniques to operate with minimal damage to the body in minimally invasive surgery. This majorly drives the demand for micro guide catheters.
In general, minimally invasive surgery is associated with less pain and fewer complications. This is precisely why people worldwide prefer micro guide catheters, thereby scaling up the demand for micro guide catheters.

Minimally invasive procedures are beginning to replace traditional surgical care in other medical domains, such as cardiology, due to the development of integrated solutions, in turn spiking the sales of micro guide catheters globally.

With the help of micro-guided catheters, minimally invasive surgery can treat arterial, venal, and vascular bypass grafts, and sales of micro guide catheters are likely to skyrocket owing to its wide application.

The demand for micro guide catheters is rapidly increasing due to a number of factors, including a higher accuracy rate and fewer infections. 

Patient preferences are increasing, driving the micro guide catheter market due to the low risks associated with this treatment.

Furthermore, the material used in the catheter's production allows for flexibility and tracking of the stent during the surgical procedure, which boosts the demand for micro guide catheters.

Another vital factor spiking the sales of micro guide catheters is that the most advanced catheters have a thin hydrophobic surface coating, which is a smooth, slippery film that makes catheter insertion safer and more comfortable.

Recently, bio-compatible catheters made of a polymeric material with a titanium surface have been used, which aids in improving lubricity during surgery which results in higher demand for micro guide catheters in the near future.

What are the Key Factors Impacting the Micro Guide Catheters Market?

The micro guide catheter is built to approach highly complex lesions in the human anatomy through the most difficult vessels, ducts, or cavities which is the primary factor propelling the demand for micro guide catheters.

Sales of micro guide catheters are also facilitated by improved tensile strength and increased reliability due to stainless-steel braid in micro guide catheters.

This is a significant advantage of a micro guide catheter over other conventional catheters, which fosters the augmentation of micro guide catheters' market share of various key players.

The micro guide catheter lumen is tapered and intended to provide for enhanced guidewire control through the human body. As a result, surging the demand for micro guide catheters globally.

The risk associated with catheter material and functioning can hamper the growth of the micro guide catheter market, thereby impinging on the sales of micro guide catheters.

A vital factor impacting the demand for micro guide catheters negatively is the weakness of the polymers used in catheters which results in fractures that can only be rectified by additional surgery.

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What are the Application Segment in the Micro Guide Catheters Market?

Micro Guide Catheter is widely used in cardiovascular disease treatment. Cardiovascular catheters hold the largest micro guide catheters market share

Cardiovascular catheters hold approximately 40% share of the global micro guide catheters market, which shifts the market player's focus to this aspect to expand their micro guide catheters market share.

The demand for micro guide catheters is expected to witness a huge uptick owing to the venturing of catheter manufacturing companies into new launches, which also creates a conducive environment for them to increase micro guide catheters market share.

Also, the micro guide catheter market possesses ample potential due to the flexibility of micro guide catheter tips. As a result, the sales of micro guide catheters are expected to spike in the near future.

Micro guide catheter tips are capable of reaching intricate anatomy to treat diseases such as uterine fibroids, arterial embolism, pulmonary embolism, which acts as a major booster for the sales of micro guide catheters.

What is the Region-wise Outlook of Micro Guide Catheters Market?

Depending on geographic regions, the global micro guide catheters market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. 

North America is the leading region in the micro guide catheter market due to the high volumes of medical procedures conducted through catheterization. 

Also, the availability of established healthcare infrastructure, high contribution of healthcare to the economy, patient compliance are the reasons for the high demand for micro guide catheters in North America. 

The constant healthcare sector improvements and the huge amount of population base represented by the Asia Pacific region are expected to augment the sales of micro guide catheters in the Asia Pacific market.

Sabyasachi Ghosh
Principal Consultant
LinkedIn
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How is the Competition in the Micro Guide Catheters Market?

Some of the key market players in the global micro guide catheters market are LuMend Corporation, Terumo Europe N.V., Covidien AG, ASAHI INTEC Company Limited, Lake Region manufacturing Inc., Boston Scientific Corporation, Volcano Corporation, Micro Therapeutics Inc., Merit Medical Systems Inc. to name a few. 

The micro guide catheter manufacturing companies aim to gain US FDA and C.E. approvals for their micro guide catheters in order to scale up their micro guide catheters market share.

A few recent developments in the micro guide catheters market are

  • The Neurovascular portfolio, which includes Chikai Guide Wires and Fubuki Guide Catheters and Sheaths, was acquired by Asahi Intecc USA's direct sales team.
  • Boston Scientific has agreed to buy Apama Medical Inc., a privately held company that will develop the Apama Radiofrequency (R.F.) Balloon Catheter System for the diagnosis of atrial fibrillation (A.F.).
  • The ASAHI Corsair Armet microcatheter has been officially launched in the United States by ASAHI INTEC CO., LTD. It is a long-lasting, restricted micro catheter approved for use in peripheral vascular procedures.
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Scope Of Report

Report Attribute 

Details

Growth rate 

CAGR of 5.6% from 2022 to 2032

Base year for estimation 

2021 

Historical data 

2015 - 2020 

Forecast period 

2022 - 2032 

Quantitative units 

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032 

Report coverage 

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,  

Segments covered 

Product, Application, End User, Region 

Regional scope 

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand 

Country scope 

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa 

Key companies profiled 

LuMend Corporation, Terumo Europe N.V., Covidien AG, ASAHI INTECC Company Limited, Lake Region manufacturing Inc., Boston Scientific Corporation, Volcano Corporation, Micro Therapeutics Inc.

Customization scope 

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. 

Pricing and purchase options 

Avail customized purchase options to meet your exact research needs.

Frequently Asked Questions

The micro guide catheters market is expected to witness a CAGR of 5.6% from 2022 to 2032.

North America holds the dominant position in the micro guide catheters market.

The micro guide catheters market size accounted for about US$ 45 Bn in 2020.

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Sabyasachi Ghosh
Principal Consultant
LinkedIn
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Micro Guide Catheters Market