Micro Guide Catheters Market
Micro Guide Catheters Market - Snapshot
Catheters refer to a device fitted with a thin medical device that is produced from high graded substance. A catheter is placed inside the human body during a surgery and for the purpose of treatment of various illnesses and the entire procedure is known as catheterization. They find utilization for treating illnesses like urology, neurovascular, cardiovascular conditions, and many others. Such extensive use of the product is estimated to support expansion of the global micro guide catheters market in the years to come.
There has been a rise in the patient pool and that is ascribed to the rising geriatric population affected with various lifestyle diseases, such as heart failure and atherosclerosis. This factor is estimated to support development of the global micro guide catheters market in the forthcoming years. In addition, increased affordability and high accessibility to clinics, hospitals and other medical setups is anticipated to draw a large pool of patients. Riding on the back of these factors, the global micro guide catheters market is anticipated to observe high growth in the years to come.
People with sedentary lifestyle are vulnerable various heart conditions and other lifestyle diseases, which is likely to augur well for the global micro guide catheters market in the years to come. In addition to that, there has been a growing popularity of minimally invasive surgeries. Doctors opt for various methods of operation with the aim of causing minimal damage to the body of the patient, which makes minimally invasive surgeries a popular option. Usually, these surgeries are linked with fewer complications, shorter stay at hospitals, and less of pain. As such, in cardiology and oncology departments, minimally invasive ones are increasingly replacing traditional methods of surgery. Increased popularity of minimally invasive surgeries are estimated to foster growth of the global micro guide catheters market in the near future.
With the ongoing global pandemic, SARS-CoV-2 induced Covid-19, the global micro guide catheters market has suffered a setback, and it is likely to continue until life returns to normalcy following an invention of effective drug and vaccine.
Players in the global micro guide catheters market are beefing up their product portfolio to serve unmet healthcare needs that helps them sustain competition as well. The staggering pool of patients with vascular diseases have led product manufacturers to boost their R&D capabilities and introduce novel products. This is boosting the micro guide catheters market.
Safety and efficacy features of micro guide catheters account for their extensive use for successful therapeutics and fast recovery from major invasive procedures. Micro guide catheters are thus preferred over diagnostic catheters to pass surgical instruments to reach the lesion site.
However, factors such as limited insurance coverage to use micro guide catheters for therapeutics and high product recalls hampering revenue are holding back the micro guide catheters market’s growth. Considering a number of favorable factors, the global micro guide catheters market is likely to clock a healthy 7.6% CAGR between 2017 and 2024.
The global market for micro guide catheters is segregated based on product type, indication, end user, and geography. The segments of the market based on product type are over-the-wire and flow-directed. Of the two, over-the-wire segment is anticipated to hold the larger 59.2% share of the overall market by 2024. The flow-directed segment is anticipated to be worth US$98.6 mn by 2024; the growth of this segment is attributed to decreased risk of intracranial hemorrhage and device flexibility due to factors such as lack of wire.
Depending upon indication, cardiovascular, neurovascular, and others are the segments into which the micro guide catheters market is segmented. Out of these, cardiovascular is the most attractive segment that surpasses all in terms of growth rate due to its immense applications and advantages. Rising prevalence of cardiovascular diseases owing to several factors are expected to account for the dominance of cardiovascular segment through 2024.
On the other hand, the neurovascular segment is likely to hold a significant 37.4% share of the market by 2024. Increasing number of brain aneurysms globally are expected to propel the neurovascular segment through the forecast period.
By end user, the key segments into which the micro guide catheters market is divided are hospitals, ambulatory surgery centers, and specialty clinics. The hospitals segment, of them, is predicted to hold 44.2% share of the overall market by 2024. Hospitals is the most attractive segment as they are the facilities and technologies offered are highly appealing to patients. Hospitals are also mostly covered by healthcare insurance furthering the growth of this segment.
Growth of specialty clinics segment is mainly driven by rising popularity of specialty clinics especially in developing countries mainly because of short waiting period and care rendered by experienced consultants.
Region-wise, the global micro guide catheters market is classified into North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Powered by the U.S., North America is the most attractive market for micro guide catheters. The U.S. spends on healthcare than any other country in the world. Early adoption of advanced medical devices and a state-of-the-art healthcare infrastructure is fuelling the North America micro guide catheters market.
Key companies operating in the global market for micro guide catheters include Cardinal Health, Cook Medical, Asahi Intecc Co. Ltd., Penumbra Inc., Boston Scientific Corporation, Merit Medical Systems Inc., Medtronic plc, Terumo Europe NV, Koninklijke Philips N.V, and Integer Holdings Corporation.
Section 1: Preface
1.1 Report Scope and Market Segmentation
1.2 Research Highlights
Section 2: Assumptions and Research Methodology
2.1 Assumptions
2.2 Research Methodology
Section 3: Executive Summary
3.1 Global Micro Guide Catheters: Market Snapshot
3.2 Global Market Share Analysis by Region, 2015
3.3 Global Micro Guide Catheters Market: Opportunity Map
Section 4: Market Overview
4.1 Product Overview
4.2 Global Micro Guide Catheters Diagnostic Market: Key Industry Developments
Section 5: Market Dynamics
5.1 Drivers and Restraints Snapshot Analysis
5.2 Drivers
5.2.1 Growing in the target patient population
5.2.2 Technological Advancement
5.2.3 Increase in adoption of minimally invasive surgeries
5.2.4 Safety and Effective use of Product
5.2.5 Growing number of aging population
5.2.6 Rising per capita Healthcare Expenditure
5.2.7 Changing in life style
5.2.8 Government’s shifting focus towards providing better healthcare facilities
5.3 Restraints
5.3.1 Lack of reimbursement policies in emerging markets
5.3.2 Significant product recalls
5.4 Opportunities
5.4.1 Focus on increasing applications of Micro guide catheters
5.4.2 Agreements and partnerships
5.4.3 Boom in medical tourism
5.5 Porters Analysis
5.6 Value Chain Analysis
5.7 Micro Guide Catheters Market Outlook
Section 6 Micro Guide Catheters Market Analysis, by Product Type
6.1 Key Findings
6.2 Introduction
6.3 Global Micro Guide Catheters Market Value Share Analysis, by Product Type
6.4 Micro Guide Catheters Market Forecast, by Product Type
6.5 Micro Guide Catheters Market Analysis, by Product Type
6.5.1 Over-the-wire
6.5.2 Flow-directed
6.5.4 Micro Guide Catheters Market Attractiveness Analysis By Product Type
6.5.5 Product Comparison Matrix
6.6 Key Trends
Section 7 Micro Guide Catheters Market Analysis, by Indication
7.1 Key Findings
7.2 Introduction
7.3 Global Market Value Share Analysis, by Indication
7.4 Micro Guide Catheters Market Forecast, by Indication
7.5 Market Analysis, by Indication
7.5.1 Cardiovascular
7.5.2 Neurovascular
7.5.3 Others
7.6 Micro Guide Catheters Market Attractiveness Analysis By Application Type
7.7 Key Trends
Section 8 Micro Guide Catheters Market Analysis, by End-Users
8.1 Key Findings
8.2 Introduction
8.3 Global Micro Guide Catheters Market Value Share Analysis, by End-Users
8.4 Market Forecast, by End-Users
8.5 Market Analysis, by End-Users
8.5.1 Hospitals
8.5.2 Specialty Clinics
8.5.3 Ambulatory Surgery Centers
8.6 Micro Guide Catheters Market Attractiveness Analysis By End-Users
8.7 Key Trends
Section 9 Micro Guide Catheters Market Analysis, by Region
9.1 Global Micro Guide Catheters Market Snapshot, by Country
9.2 Global Market Value Share Analysis, by Region
9.3 Market Forecast, by Region
9.4 Market Attractiveness Analysis, by Region
Section 10 North America Micro Guide Catheters Market Analysis
10.1 Key Findings
10.2 Market Overview
10.3 Market Analysis, By Country
10.3.1 North America Market Value Share Analysis, By Country
10.3.2 North America Market Forecast By Country
10.4 Market Analysis, By Product
10.4.1 North America Market Value Share Analysis, By Product Type
10.4.2 North America Market Forecast By Product Type
10.5 Market Analysis, By Indication
10.5.1 North America Market Value Share Analysis, By Indication
10.5.2 North America Market Forecast By Indication
10.6 Market Analysis, By End-Users
10.6.1 North America Market Value Share Analysis, By End-Users
10.6.2 North America Market Forecast, By End-Users
10.7 North America Market Attractiveness Analysis
10.7.1 By Product
10.7.2 By Indication
10.7.3 By End-users
10.8 Market Trends
Section 11 Europe Micro Guide Catheters Market Analysis
11.1 Key Findings
11.2 Market Overview
11.3 Market Analysis, By Country
11.3.1 Europe Market Value Share Analysis, By Country
11.3.2 Europe Market Forecast By Country
11.4 Market Analysis, By Product
11.4.1 Europe Market Value Share Analysis, By Product Type
11.4.2 Europe Market Forecast By Product Type
11.5 Market Analysis, By Indication
11.5.1 Europe Market Value Share Analysis, By Indication
11.5.2 Europe Market Forecast By Indication
11.6 Market Analysis, By End-Users
11.6.1 Europe Market Value Share Analysis, By End-Users
11.6.2 Europe Market Forecast, By End-Users
11.7 Europe Market Attractiveness Analysis
11.7.1 By Product
11.7.2 By Indication
11.7.3 By End-users
11.8 Market Trends
Section 12 Asia Pacific Micro Guide Catheters Market Analysis
12.1 Key Findings
12.2 Market Overview
12.3 Market Analysis, By Country
12.3.1 Asia Pacific Market Value Share Analysis, By Country
12.3.2 Asia Pacific Market Forecast By Country
12.4 Market Analysis, By Product
12.4.1 Asia Pacific Market Value Share Analysis, By Product Type
12.4.2 Asia Pacific Market Forecast By Product Type
12.5 Market Analysis, By Indication
12.5.1 Asia Pacific Market Value Share Analysis, By Indication
12.5.2 Asia Pacific Market Forecast By Indication
12.6 Market Analysis, By End-Users
12.6.1 Asia Pacific Market Value Share Analysis, By End-Users
12.6.2 Asia Pacific Market Forecast, By End-Users
12.7 Asia Pacific Market Attractiveness Analysis
12.7.1 By Product
12.7.2 By Indication
12.7.3 By End-users
12.8 Market Trends
Section 13 Latin America Micro Guide Catheters Market Analysis
13.1 Key Findings
13.2 Market Overview
13.3 Market Analysis, By Country
13.3.1 Latin America Market Value Share Analysis, By Country
13.3.2 Latin America Market Forecast By Country
13.4 Market Analysis, By Product
13.4.1 Latin America Market Value Share Analysis, By Product Type
13.4.2 Latin America Market Forecast By Product Type
13.5 Market Analysis, By Indication
13.5.1 Latin America Market Value Share Analysis, By Indication
13.5.2 Latin America Market Forecast By Indication
13.6 Market Analysis, By End-Users
13.6.1 Latin America Market Value Share Analysis, By End-Users
13.6.2 Latin America Market Forecast, By End-Users
13.7 Latin America Market Attractiveness Analysis
13.7.1 By Product
13.7.2 By Indication
13.7.3 By End-users
13.8 Market Trends
Section 14 Middle East & Africa Micro Guide Catheters Market Analysis
14.1 Key Findings
14.2 Market Overview
14.3 Market Analysis, By Country
14.3.1 Middle East & Africa Market Value Share Analysis, By Country
14.3.2 Middle East & Africa Market Forecast By Country
14.4 Market Analysis, By Product
14.4.1 Middle East & Africa Market Value Share Analysis, By Product Type
14.4.2 Middle East & Africa Market Forecast By Product Type
14.5 Market Analysis, By Indication
14.5.1 Middle East & Africa Market Value Share Analysis, By Indication
14.5.2 Middle East & Africa Market Forecast By Indication
14.6 Market Analysis, By End-Users
14.6.1 Middle East & Africa Market Value Share Analysis, By End-Users
14.6.2 Middle East & Africa Market Forecast, By End-Users
14.7 Middle East & Africa Market Attractiveness Analysis
14.7.1 By Product
14.7.2 By Indication
14.7.3 By End-users
14.8 Market Trends
Section 15 Company Profiles
15.1. Cardinal Health
15.1.1 Company Details
15.1.2 Business Overview
15.1.3 Financial Overview
15.1.4 Strategic Overview
15.1.5 SWOT Analysis
15.2 Asahi Intecc Co., Ltd
15.2.1 Company Details
15.2.2 Business Overview
15.2.3 Financial Overview
15.2.4 Strategic Overview
15.2.5 SWOT Analysis
15.3 Cook Medical
15.3.1 Company Details
15.3.2 Business Overview
15.3.3 Financial Overview
15.3.4 Strategic Overview
15.3.5 SWOT Analysis
15.4 Boston Scientific Corporation
15.4.1 Company Details
15.4.2 Business Overview
15.4.3 Financial Overview
15.4.4 Strategic Overview
15.4.5 SWOT Analysis
15.5 Penumbra, Inc.
15.5.1 Company Details
15.5.2 Business Overview
15.5.3 Financial Overview
15.5.4 Strategic Overview
15.5.5 SWOT Analysis
15.6 Merit Medical Systems, Inc.
15.6.1 Company Details
15.6.2 Business Overview
15.6.3 Financial Overview
15.6.4 Strategic Overview
15.6.5 SWOT Analysis
15.7 Terumo Europe NV
15.7.1 Company Details
15.7.2 Business Overview
15.7.3 Financial Overview
15.7.4 Strategic Overview
15.7.5 SWOT Analysis
15.8 Medtronic Plc
15.8.1 Company Details
15.8.2 Business Overview
15.8.3 Financial Overview
15.8.4 Strategic Overview
15.8.5 SWOT Analysis
15.9 Integer Holdings Corporation
15.9.1 Company Details
15.9.2 Business Overview
15.9.3 Financial Overview
15.9.4 Strategic Overview
15.9.5 SWOT Analysis
15.10 Koninklijke Philips N.V.
15.10.1 Company Details
15.10.2 Business Overview
15.10.3 Financial Overview
15.10.4 Strategic Overview
15.10.5 SWOT Analysis
List of Tables
Table 01: Global Micro Guide Catheters Market Size (US$ Mn) Forecast, by Product Type, 2014–2024
Table 02: Global Market Size (US$ Mn) Forecast, by Indication, 2014–2024
Table 03: Global Market Size (US$ Mn) Forecast, by End-Users, 2014–2024
Table 04: Global Micro Guide Catheters Market Size (US$ Mn) Forecast, by Region, 2014– 2024
Table 05: North America Market Size (US$ Mn) Forecast, by Country, 2014–2024
Table 06: North America Market Size (US$ Mn) Forecast, by Product Type, 2014–2024
Table 07: North America Market Size (US$ Mn) Forecast, by Indication, 2014–2024
Table 08: North America Market Size (US$ Mn) Forecast, by End-Users, 2014–2024
Table 09: Global Market Size (US$ Mn) Forecast, by Country, 2014–2024
Table 10: Europe Micro Guide Catheters Market Size (US$ Mn) Forecast, by Product Type, 2014–2024
Table 11: Europe Market Size (US$ Mn) Forecast, by Indication, 2014–2024
Table 12: Europe Market Size (US$ Mn) Forecast, by End-Users, 2014–2024
Table 13: Asia Pacific Micro Guide Catheters Market Size (US$ Mn) Forecast, by Country, 2014–2024
Table 14: Asia Pacific Market Size (US$ Mn) Forecast, by Product Type, 2014–2024
Table 15: Asia Pacific Market Size (US$ Mn) Forecast, by Indication, 2014–2024
Table 16: Asia Pacific Micro Guide Catheters Market Size (US$ Mn) Forecast, by End-Users, 2014–2024
Table 17: Latin America Micro Guide Catheters Market Size (US$ Mn) Forecast, by Country, 2014–2024
Table 18: Latin America Market Size (US$ Mn) Forecast, by Product Type, 2014–2024
Table 19: Latin America Market Size (US$ Mn) Forecast, by Indication, 2014–2024
Table 20: Latin America Micro Guide Catheters Market Size (US$ Mn) Forecast, by End- Users, 2014–2024
Table 21: Middle East & Africa Micro Guide Catheters Market Size (US$ Mn) Forecast, by Country, 2014–2024
Table 22: Middle East & Africa Micro Guide Catheters Market Size (US$ Mn) Forecast, by Product Type, 2014–2024
Table 23: Middle East & Africa Market Size (US$ Mn) Forecast, by Indication, 2014–2024
Table 24: Middle East & Africa Micro Guide Catheters Market Size (US$ Mn) Forecast, by End-Users, 2014–2024
List of Figures
Figure 01: Global Micro Guide Catheters Market Value Share Analysis, by Product Type, 2015 and 2024
Figure 02: Global Over-the-Wire Market Revenue (US$ Mn), 2014–2024
Figure 03: Global Flow-directed Market Revenue (US$ Mn), 2014–2024
Figure 04: Market Attractiveness Analysis, by End-users, 2015
Figure 05: Global Micro Guide Catheters Market Value Share Analysis, by Indication, 2016 and 2024
Figure 06: Global Cardiovascular application Market Revenue (US$ Mn), 2014–2024
Figure 07: Global Neurovascular application Market Revenue (US$ Mn), 2014–2024
Figure 08: Global others application Market Revenue (US$ Mn), 2014–2024
Figure 09: Market Attractiveness Analysis, by Indication, 2015
Figure 10: Global Micro Guide Catheters Market Value Share Analysis, by End-Users, 2016 and 2024
Figure 11: Global Hospital segment Market Revenue (US$ Mn), 2014–2024
Figure 12: Global Specialty Clinics Segment Market Revenue (US$ Mn), 2014–2024
Figure 13: Global others application Market Revenue (US$ Mn), 2014–2024
Figure 14: Market Attractiveness Analysis, by End-Users, 2015
Figure 15: Global Micro Guide Catheters Market Value Share Analysis, by Region, 2015 and 2024
Figure 16: Market Attractiveness Analysis, by Region, 2015
Figure 17: North America Micro Guide Catheters Market Size (US$ Mn) Forecast, 2014–2024
Figure 18: North America Market Attractiveness Analysis, by Country, 2015
Figure 19: North America Market Value Share Analysis, by Country, 2015 and 2024
Figure 20: North America Market Value Share Analysis, by Product Type, 2016 and 2024
Figure 21: North America Market Value Share Analysis, by Indication, 2016 and 2024
Figure 22: North America Market Value Share Analysis, by End-Users, 2016 and 2024
Figure 23: North America Market Attractiveness Analysis, by Product Type, 2015
Figure 24: North America Market Attractiveness Analysis, by Indication, 2015
Figure 25: North America Market Attractiveness Analysis, by End-Users, 2015
Figure 26: Europe Micro Guide Catheters Market Size (US$ Mn) Forecast, 2014–2024
Figure 27: Europe Market Attractiveness Analysis, by Country, 2015
Figure 28: Europe Market Value Share Analysis, by Country, 2016 and 2024
Figure 29: Europe Market Value Share Analysis, by Product Type, 2016 and 2024
Figure 30: Europe Market Value Share Analysis, by Indication, 2016 and 2024
Figure 31: Europe Market Value Share Analysis, by End-Users, 2016 and 2024
Figure 32: Europe Market Attractiveness Analysis, by Product Type, 2015
Figure 33: Europe Market Attractiveness Analysis, by Indication, 2015
Figure 34: Europe Market Attractiveness Analysis, by End-Users, 2015
Figure 35: Asia Pacific Micro Guide Catheters Market Size (US$ Mn) Forecast, 2014–2024
Figure 36: Asia Pacific Market Attractiveness Analysis, by Country, 2015
Figure 37: Asia Pacific Market Value Share Analysis, by Country,
Figure 38: Asia Pacific Market Value Share Analysis, by Product Type, 2016 and 2024
Figure 39: Asia Pacific Market Value Share Analysis, by Indication, 2016 and 2024
Figure 40: Asia Pacific Market Value Share Analysis, by End-Users, 2016 and 2024
Figure 41: Asia Pacific Market Attractiveness Analysis, by Product Type, 2015
Figure 42: Asia Pacific Market Attractiveness Analysis, by Indication, 2015
Figure 43: Asia Pacific Market Attractiveness Analysis, by End-Users, 2015
Figure 44: Latin America Micro Guide Catheters Market Size (US$ Mn) Forecast, 2014–2024
Figure 45: Latin America Market Attractiveness Analysis, by Country, 2015
Figure 46: Latin America Market Value Share Analysis, by Country, 2016 and 2024
Figure 47: Latin America Market Value Share Analysis, by Product Type, 2016 and 2024
Figure 48: Latin America Market Value Share Analysis, by Indication, 2016 and 2024
Figure 49: Latin America Market Value Share Analysis, by End-Users, 2016 and 2024
Figure 50: Latin America Market Attractiveness Analysis, by Product Type, 2015
Figure 51: Latin America Market Attractiveness Analysis, by Indication, 2015
Figure 52: Latin America Market Attractiveness Analysis, by End-Users, 2015
Figure 53: Middle East & Africa Micro Guide Catheters Market Size (US$ Mn) Forecast, 2014–2024
Figure 54: Middle East & Africa Market Attractiveness Analysis, by Country, 2015
Figure 55: Middle East & Africa Market Value Share Analysis, by Country, 2016 and 2024
Figure 56: Middle East & Africa Market Value Share Analysis, by Product Type, 2016 and 2024
Figure 57: Middle East & Africa Market Value Share Analysis, by Indication, 2016 and 2024
Figure 58: Middle East & Africa Market Value Share Analysis, by End-Users, 2016 and 2024
Figure 59: Middle East & Africa Market Attractiveness Analysis, by Product Type, 2015
Figure 60: Middle East & Africa Market Attractiveness Analysis, by Indication, 2015
Figure 61: Middle East & Africa Market Attractiveness Analysis, by End-Users, 2015
Figure 62: Global Micro Guide Catheters Market Share Analysis by Company (2015)
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*86 figures and 60 tables includes