The Micro Guide Catheters Market is growing pervasively; mainly due to the rapid technological advancements. According to a recent study report published by the Market Research Future (MRFR), the booming Global Micro Guide Catheters Market is expected to gain prominence over the forecast period. The Market is forecasted to demonstrate a colossal growth by 2027, with a staggering CAGR of 8 % between 2017 and 2023, surpassing its previous growth records in terms of value.
Catheters are used in the treatment of diseases like Cardiovascular, Neurovascular, Urology and many more. A catheter is inserted into the body for the administration of liquid medication or gas during the treatment of diseases.
Additional factors substantiating the market growth include growing prevalence of cardiovascular and urological diseases fueled by the heady or sedentary lifestyle, reasoning the augmented demand for the product.
Moreover, higher affordability, favorable reimbursement policies and the augmenting demand for improved and advanced medical devices that can give a better output provide impetus to the market growth.
Also, the increase of chronic diseases will affect the growth of the Micro Guide Catheters market positively. Prevalent trends observed in the market include technological advancements, constant investments transpired in research and development and the surge in acquisitions and mergers. Associated risk of weakened materials can hamper the market growth, causing fractures and increasing the cost of surgery.
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Global Micro Guide Catheters Market – Key Players
LuMend Corporation (US), Terumo Europe N.V. (Belgium), Covidien AG (Ireland), ASAHI INTECC Company Limited (Thailand), Boston Scientific Corporation (US), Volcano Corporation (US), Micro Therapeutics Inc. (India), Merit Medical Systems Inc (US), ACIST Medical Systems (US), Baylis Medical Medtronic (Canada), BrosMed Medical, Cordis Corporation (US), Cook Medical Inc. (US), Diasolve Ltd. (UK), Navilyst Medical Inc. (US).
Global Micro Guide Catheters – Industry/Innovation/Related News:
July 16, 2018 – Cardiovascular Systems, Inc. (US), a leading company involved in developing and commercializing innovative solutions for treating PAD and CAD announced signing of exclusive international distribution agreement with OrbusNeich (HongKong), a global company that designs, develops, manufactures and markets medical devices including microcatheters for the treatment of vascular diseases. The agreement is expected to support the Cardiovascular Systems to sell its peripheral Orbital Atherectomy Systems (OAS) and coronary outside the US and Japan.
Global Micro Guide Catheters Market – Segmentation
To generate an accurate assessment of the Global Micro Guide Catheter Market, the report has been segmented by types, application, end users, and regions.
Based on types, the market is segmented into flow directed micro guide catheters and over the wire micro guide catheters.
Based on application, the market is segmented into cardiovascular, neurovascular, urology and other
Based on the end user, the market is segmented into hospital, clinics, and others
Based on regions, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa
Global Micro Guide Catheters Market – Regional Analysis
North America is the top contributor to micro guide catheters owing to excellent reimbursement, the presence of advanced players and massive healthcare expenditure.
Europe accounts for the second largest market share owing to the adoption of new and advanced technologies led by Germany. The UK is expected to be the fastest growing micro guide catheters market in Europe.
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The Asia Pacific is expected to be the fastest global market led by China and India owing to increasing prevalence of urologic diseases and rising healthcare expenditure. The Middle East and Africa are supposed to be dominated by Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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