Microcatheters Market – Global Outlook & Forecast 2021-2031

Microcatheters Market – Global Outlook & Forecast 2021-2031

Market Introduction

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.

Market - Headwinds & Tailwinds

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. 

Microcatheters Market Report

 

Market Segmentation & Insights

The global microcatheters market has been analyzed from five perspectives: Design, Type, Application, End User and Region. 

Microcatheters Market by Design

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.

Microcatheters Market by Type

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.

Microcatheters Market by Application

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.

Microcatheters Market by End User

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.

Microcatheters Market by Region

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.

Competitive Landscape

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.

Snapshot: Industry Developments 

• 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

Key Insights Captured in the Report

• 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 

Scope of the Microcatheters Market Report 

Report Metrics Details
Market Size Period 2018-2031
Base Year 2020
Forecast Period 2021-2031
Market Segments Asessment of Microcatheters Market By:
• Design
• Type
• Application
• End-User
• Region
Geographic Scope North America
◦ U.S.
◦ Canada
Europe
◦ Germany
◦ UK
◦ France
◦ Rest of Europe (RoE)
Asia Pacific
◦ China
◦ Japan
◦ India
◦ 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

8.1 Cardiovascular

8.2 Oncological

8.3 Neurovascular

8.4 Urological

8.5 Others (Peripheral Vascular, Otolaryngological, Etc.)

9 GLOBAL MICROCATHETERS MARKET - ANALYSIS & FORECAST, BY END USER

9.1 Hospitals

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

10.1.1.1 U.S.

10.1.1.2 Canada

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

10.2.1.1 Germany

10.2.1.2 U.K

10.2.1.3 France

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

10.3.1.1 China

10.3.1.2 Japan

10.3.1.3 India

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 Medtronic

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

11.4 Stryker

11.5 BD

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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