Market Overview:
The global micro catheter and micro guidewire market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries, rising prevalence of cardiovascular diseases, and technological advancements in micro catheters and guidewires. Based on type, the global micro catheter and micro guidewire market is segmented into: Micro Catheter, Micro Guidewire. Based on application, the global micro catheter andmicro guidewire market is segmented into: Hospitals, Ambulatory Surgical Centres (ASCs), Specialty Clinics (e.g., cardiology clinics), Others (e.g., research institutes).
Product Definition:
A micro catheter is a very small diameter tube, typically less than 0.035 inches (0.9 mm) in diameter, used to deliver fluids or drugs to a specific location in the body. A micro guidewire is a thin metal wire that helps guide the insertion and placement of a micro catheter into place. Micro catheters and guidewires are often used together during minimally invasive medical procedures such as angiograms, where they are inserted into blood vessels to inject dye or other substances for imaging purposes. The use of these small devices can help reduce damage to tissue and improve the accuracy of procedures.
Micro Catheter:
Micro catheter is a miniature tube used for injecting or extracting fluid samples from the body. It is mainly used in medical procedures where small amounts of fluids are required to be drawn from the patient's body. Microcatheters have various applications such as angiography, cardiac electrophysiology testing, endoscopy and lumbar puncture among others.
The global microcatheter market size was valued at USD 1.6 billion in 2016.
Micro Guidewire:
Micro guidewire is a thin, hollow tube made of flexible material like plastic or metal. It is used to guide a medical device such as microcatheter and micro-guidewire. Micro guidewires are very small and thin compared to other guidewires which helps in easier access to the target organ or area during minimally invasive surgeries.
Application Insights:
Based on application, the market is segmented into hospitals, ambulatory surgical centers, specialty clinics and others. The hospitals segment dominated the global micro catheter and micro guidewire market in 2017 owing to increasing prevalence of chronic diseases such as cancer and cardiac disorders that require long-term treatment. In addition, an increase in hospital admissions for cardiovascular diseases has fueled demand for minimally invasive procedures that use microcatheters and guidewires.
The specialty clinics segment is expected to witness lucrative growth over the forecast period due to rising adoption of minimally invasive treatments for various medical conditions including kidney stones, urinary infections & bladder problems (cystitis), gallstones (cholelithiasis), pancreatic cancer (pancreatobiliary cancers) among others.
Regional Analysis:
North America dominated the global market in 2017 owing to factors such as favorable reimbursement scenario, increasing prevalence of target diseases and presence of key players in the region. The U.S. is one of the most lucrative markets for medical devices due to its high disposable income, advanced healthcare system and rapid growth in geriatric population that requires specialized care at home as well as hospitals.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure, economic development & reforms and rising patient awareness about treatment options available across this region coupled with increasing medical tourism activities supported by low cost treatment rates offered by countries like India & China compared with developed nations like U.S., Canada & Australia etc.).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.8% from 2016 to 2021. This growth can be attributed to the increasing number of geriatric population, rising prevalence of chronic diseases, and technological advancements in the field of surgical procedures. Micro catheters and micro guidewires are extensively used in minimally invasive surgeries as they offer several advantages over traditional open surgery such as reduced trauma, shorter hospital stay, and faster recovery time.
- Rising incidence of cardiovascular diseases: Cardiovascular diseases are one of the leading causes of death worldwide. According to World Health Organization (WHO), an estimated 17 million people die each year due to cardiovascular diseases which account for 31%of all global deaths. This high incidence rate is expected to drive the demand for micro catheters and micro guidewires in coming years as these devices are widely used in cardiac interventions such as angioplasty and stenting procedures.
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro Catheter and Micro Guidewire Market Research Report
By Type
Micro Catheter, Micro Guidewire
By Application
Hospitals, Ambulatory Surgical Centres, Specialty Clinics, Others
By Companies
Cardinal Health Inc, Medtronic, BD, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, Teleflex Incorporated, Cook Medical LLC, Tokai Medical Products, Inc., Merit, ASAHI INTECC, Peijia Medical Limited., Biomerics, Phenox GmbH, AngioDynamics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Micro Catheter and Micro Guidewire Market Report Segments:
The global Micro Catheter and Micro Guidewire market is segmented on the basis of:
Types
Micro Catheter, Micro Guidewire
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Surgical Centres, Specialty Clinics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cardinal Health Inc
- Medtronic
- BD
- Stryker Corporation
- Boston Scientific Corporation
- B. Braun Melsungen AG
- Terumo Corporation
- Teleflex Incorporated
- Cook Medical LLC
- Tokai Medical Products, Inc.
- Merit
- ASAHI INTECC
- Peijia Medical Limited.
- Biomerics
- Phenox GmbH
- AngioDynamics
Highlights of The Micro Catheter and Micro Guidewire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Micro Catheter
- Micro Guidewire
- By Application:
- Hospitals
- Ambulatory Surgical Centres
- Specialty Clinics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Micro Catheter and Micro Guidewire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Micro Catheter and Micro Guidewire are medical devices that are inserted through a small opening in the skin to provide access to an area of the body. The devices are used for a variety of procedures, including diagnostic tests, treatments such as chemotherapy or surgery, and monitoring of conditions such as blood pressure or heart rate.
Some of the major companies in the micro catheter and micro guidewire market are Cardinal Health Inc, Medtronic, BD, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, Teleflex Incorporated, Cook Medical LLC, Tokai Medical Products, Inc., Merit, ASAHI INTECC, Peijia Medical Limited., Biomerics, Phenox GmbH, AngioDynamics.
The micro catheter and micro guidewire market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Micro Catheter and Micro Guidewire Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Micro Catheter and Micro Guidewire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Micro Catheter and Micro Guidewire Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Micro Catheter and Micro Guidewire Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Micro Catheter and Micro Guidewire Market Size & Forecast, 2020-2028
4.5.1 Micro Catheter and Micro Guidewire Market Size and Y-o-Y Growth
4.5.2 Micro Catheter and Micro Guidewire Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Micro Catheter
5.2.2 Micro Guidewire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centres
6.2.3 Specialty Clinics
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Micro Catheter and Micro Guidewire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Micro Catheter and Micro Guidewire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Micro Catheter
9.6.2 Micro Guidewire
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centres
9.10.3 Specialty Clinics
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Micro Catheter
10.6.2 Micro Guidewire
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centres
10.10.3 Specialty Clinics
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Micro Catheter
11.6.2 Micro Guidewire
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centres
11.10.3 Specialty Clinics
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Micro Catheter
12.6.2 Micro Guidewire
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centres
12.10.3 Specialty Clinics
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Micro Catheter
13.6.2 Micro Guidewire
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centres
13.10.3 Specialty Clinics
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Micro Catheter and Micro Guidewire Market: Competitive Dashboard
14.2 Global Micro Catheter and Micro Guidewire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cardinal Health Inc
14.3.2 Medtronic
14.3.3 BD
14.3.4 Stryker Corporation
14.3.5 Boston Scientific Corporation
14.3.6 B. Braun Melsungen AG
14.3.7 Terumo Corporation
14.3.8 Teleflex Incorporated
14.3.9 Cook Medical LLC
14.3.10 Tokai Medical Products, Inc.
14.3.11 Merit
14.3.12 ASAHI INTECC
14.3.13 Peijia Medical Limited.
14.3.14 Biomerics
14.3.15 Phenox GmbH
14.3.16 AngioDynamics
