Micro-catheters are a broad term, often used to describe thin wall, small diameter catheters and delivery devices used in minimally invasive applications. Its small build makes it ideal for navigating complex vasculature within the human body. These are small 0.70-1.30mm diameter catheters that are used for guidewire support, exchanges, to access distal anatomy, cross lesions, deliver therapeutic embolic, inject contrast media and perform other procedures in complex endovascular procedures. Micro-catheters are extensively employed in selective diagnostic and interventional procedures in the neurovascular & cardiovascular fields.
The global microcatheters market is mainly driven by rising prevalence of cardiovascular diseases, cancer & neurovascular disorders, technological advancements and rising demand for minimally invasive surgeries. Increasing investment for R&D activities to launch technologically advanced microcatheters is also playing a pivotal role in contributing to the growth of market globally. However, challenges in microcatheter development are likely to hinder the market growth to a certain extent.
The global microcatheters market has been analyzed from five perspectives: Design, Type, Application, End User and Region.
Based on design, the microcatheters market has been segmented into single lumen and dual lumen. The dual lumen segment is expected to be fastest growing segment during the forecast period. The growth of the segment can be attributed to the benefits offered by dual lumen microcatheter such as easy access to the procedural site, facilitating guidewires placement and exchange of guidewire.
Based on type, the microcatheters market has been segmented into delivery microcatheters, diagnosis microcatheters, aspiration microcatheters and steerable microcatheters. The steerable microcatheters segment holds the largest share in the market. The growth of the segment can be attributed to the rising demand of minimally invasive procedures and benefits of steerable microcatheters in super selective angiography with positive impacts on procedural efficiency.
Based on application, the microcatheters market has been segmented into cardiovascular, oncological, neurovascular, urological and others (peripheral vascular, otolaryngological, etc.). The cardiovascular segment accounted for the largest share in the market owing to growing prevalence of cardiovascular diseases globally and launch of advanced microcatheters for the cardiovascular surgeries.
Based on end user, the microcatheters market has been segmented into hospitals, ambulatory care centers and others (specialty clinics, surgical centers, etc.). The hospitals segment accounted for the largest share in the market. The growth of the segment can be attributed to growing number of surgical procedures in hospitals coupled with favorable reimbursement policies.
Based on region, the global microcatheters market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America dominated the microcatheters market, followed by Asia Pacific. The large share of North America in the global market can largely be attributed to rising prevalence of targeted diseases such as cardiovascular & urological diseases coupled with rising number of interventional procedures for these diseases, advanced healthcare infrastructure, and presence of prominent players.
The microcatheters market is marked by presence of prominent players such Medtronic, Terumo Medical Corporation, Teleflex Incorporated, Stryker, BD, Boston Scientific Corporation, B. Braun Melsungen AG, Penumbra, Inc., Merit Medical Systems and Johnson & Johnson Medical. Other players operating in the market are ASAHI INTECC CO., LTD., Cook Medical, Cardinal Health, AngioDynamics, among others.
• In Jan 2021, Baylis Medical announced the launch and first clinical case in Europe of the JLL 2-French electrophysiology microcatheter, performed by Dr. Thomas Deneke at Heart Center, Bad Neustadt, Germany. The launch enables physicians to reach previously inaccessible areas of the heart for procedure mapping, by making available the smallest diagnostic catheter in the European electrophysiology market
• In Dec 2020, Transit Scientific announced the FDA clearance of its XO Cross Microcatheter platform for guidewire support, exchange, and contrast media injection in the peripheral vasculature
• In Jul 2020, ACIST Medical Systems, Inc., a Bracco Group Company, announced the global launch of its ACIST Navvus II Rapid Exchange FFR MicroCatheter, the second-generation microcatheter for use with its ACIST RXi® Rapid Exchange FFR System
• In Jul 2020, Cerus Endovascularhas received CE Mark approval for the CerusEndo MC 021 microcatheter, which enables physicians to access tortuous neuro vasculature and deliver therapeutic devices to intended targets
• Quantitative (market size and forecasts) and qualitative insights of the market across years - historical years, current year and forecasted years
• Deep-rooted insights on headwinds, tailwinds and opportunities prevailing in the market
• Quantitative (market size and forecasts) and qualitative insights at segment and sub-segment level
• Comprehensive quantitative (market size and forecasts) and qualitative insights on geographic, regional and country level markets
• Granular insights on the competitive landscape prevailing in the market
• Competitive mapping of strategic developments
|Market Size Period||2018-2031|
|Market Segments||Asessment of Microcatheters Market By:
|Geographic Scope||• North America
◦ Rest of Europe (RoE)
• Asia Pacific
◦ Rest of Asia Pacific (RoAPAC)
• Rest of the World
◦ Latin America
◦ Middle East & Africa
|Companies Covered||Medtronic, Terumo Medical Corporation, Teleflex Incorporated, Stryker, BD, Boston Scientific Corporation, B. Braun Melsungen AG, Penumbra, Inc., Merit Medical Systems and Johnson & Johnson Medical, ASAHI INTECC CO., LTD., Cook Medical, Cardinal Health, AngioDynamics, among others.|
1 RESEARCH ENVELOPE
1.1 Market Classification
1.2 Scope of the Study
1.2.1 Timeline Considered for Market Study
· Historic Years – 2018 & 2019
· Base Year – 2020
· Projected Years – 2021 to 2031
1.3 Currency Used in the Report
2 RESEARCH METHODOLOGY
2.1 Research Approach
2.2 Data Collection Methodology
2.3 Data Sources
2.3.1 Secondary Sources
2.3.2 Primary Sources
2.4 Market Crackdown Methodology
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Data Forecasting Model
2.6 Limitations and Assumptions for Study
3 HEADWINDS & TAILWINDS ASSESSMENT
4 MARKET OPPORTUNITIES ASSESSMENT
5 PREMIUM INSIGHTS
5.1 Key Market Trends
5.2 Key Players & Their Competitive Positioning (2020)
5.3 COVID-19 Impact Assessment
6 GLOBAL MICROCATHETERS MARKET - ANALYSIS & FORECAST, BY DESIGN
6.1 Single Lumen
6.2 Dual Lumen
7 GLOBAL MICROCATHETERS MARKET - ANALYSIS & FORECAST, BY TYPE
7.1 Delivery Microcatheters
7.2 Diagnosis Microcatheters
7.3 Aspiration Microcatheters
7.4 Steerable Microcatheters
8 GLOBAL MICROCATHETERS MARKET - ANALYSIS & FORECAST, BY APPLICATION
8.5 Others (Peripheral Vascular, Otolaryngological, Etc.)
9 GLOBAL MICROCATHETERS MARKET - ANALYSIS & FORECAST, BY END USER
9.2 Ambulatory Care Centers
9.3 Others (Specialty Clinics, Surgical Centers, Etc.)
10 GLOBAL MICROCATHETERS MARKET - ANALYSIS & FORECAST, BY REGION
10.1 North America Microcatheters Market
10.1.1 North America Microcatheters Market, By Country
10.1.2 North America Microcatheters Market, By Design
10.1.3 North America Microcatheters Market, By Type
10.1.4 North America Microcatheters Market, By Application
10.1.5 North America Microcatheters Market, By End User
10.2 Europe Microcatheters Market
10.2.1 Europe Microcatheters Market, By Country/Region
10.2.1.4 Rest of Europe (ROE)
10.2.2 Europe Microcatheters Market, By Design
10.2.3 Europe Microcatheters Market, By Type
10.2.4 Europe Microcatheters Market, By Application
10.2.5 Europe Microcatheters Market, By End User
10.3 Asia Pacific Microcatheters Market
10.3.1 Asia Pacific Microcatheters Market, By Country/Region
10.3.1.4 Rest of Asia Pacific (RoAPAC)
10.3.2 Asia Pacific Microcatheters Market, By Design
10.3.3 Asia Pacific Microcatheters Market, By Type
10.3.4 Asia Pacific Microcatheters Market, By Application
10.3.5 Asia Pacific Microcatheters Market, By End User
10.4 Rest of the World (RoW) Microcatheters Market
10.4.1 Rest of the World Microcatheters Market, By Region
10.4.1.1 Latin America
10.4.1.2 Middle East & Africa
10.4.2 Rest of The World Microcatheters Market, By Design
10.4.3 Rest of The World Microcatheters Market, By Type
10.4.4 Rest of The World Microcatheters Market, By Application
10.4.5 Rest of The World Microcatheters Market, By End User
11 COMPANY PROFILES
11.1.1 Business Overview
11.1.2 Financial Metrics*
11.1.3 Product Portfolio
11.1.4 Key Developments
11.2 Terumo Medical Corporation
11.3 Teleflex Incorporated
11.6 Boston Scientific Corporation
11.7 B. Braun Melsungen AG
11.8 Penumbra, Inc.
11.9 Merit Medical Systems
11.10 Johnson & Johnson Medical
*Insights on financial metrics is subject to availability of information in the public domain
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