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Microcatheter Market Forecast Report, 2018-2026
Global Microcatheter Market – Snapshot
Microcatheters, although a broad term, is often used to describe thin wall, small diameter catheter and delivery devices that are utilized in minimally invasive applications. These small catheters are ideal for navigating the vast network of tiny veins found within the body. Micro-catheters are commonly found throughout the medical device and healthcare industries. The global microcatheter market was valued at US$ 162.3 Mn in 2017 and is anticipated to reach nearly US$ 304.5 Mn by 2026, expanding at a CAGR of around 7.5% from 2018 to 2026. Rise in adoption of minimally invasive procedures, technological advancements, and increase in target patient population are likely to fuel the global microcatheter market from 2018 to 2026.
Surge in government initiatives to promote better facilities, increase in strategic collaborations along with mergers and acquisitions, strong product pipeline, and increasing applications of microcatheters drive the global microcatheter market. However, stringent regulatory requirements and product recall are major factors restraining the global microcatheter market.
The global microcatheter market can be segmented based on indication, end-user, and geography. In terms of indication, the global microcatheter market can be classified into coronary, neurovascular, and general peripheral vascular. Based on end-user, the global microcatheter market can be segregated into hospitals, specialty clinics, and ambulatory surgery centers. In terms of geography, the global microcatheter market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Based on indication, the coronary segment dominates the global microcatheter market. Rise in prevalence of cardiovascular diseases due to changing lifestyles such as consumption of alcohol, smoking, work pressure, and obesity drives the segment. According to WHO report (2017), cardiovascular diseases (CVDs) accounts for 17.7 million deaths each year, 31% of all global deaths. Increase in incidence rate of cerebral aneurysm is expected to boost the neurovascular segment during the forecast period.
In terms of end-user, the hospital segment dominates the global microcatheter market. According to the American Hospital Association, in the U.S., in 2016, there are 5,534 registered hospitals. Increase in number of hospitals, improvements in reimbursement policies, and increase in incidences of cardiovascular diseases are expected to drive the global microcatheter market. The specialty clinics segment is likely to create opportunities in Asia Pacific. Increase in health care infrastructure in emerging countries and rise in technological advancements are expected to drive the microcatheters market during the forecast period
North America accounted for 39.1% share of the market in 2017. Increasing prevalence of cardiovascular diseases as well as high per capita health care expenditure and availability of better and advanced health care facilities have resulted in people spending more on health care. Increasing number of angiography and PCI procedures and expansion of the health care industry are likely to fuel the microcatheter market in Europe during the forecast period. China and India are lucrative markets and also product launches are factors driving the microcatheter market in Asia Pacific. In 2018, ASAHI received chronic total occlusion (CTO) approvals for Corsair Pro Micro catheters and its Coronary Guide Wires to the include MIRACLEbros series, CONFIANZA series, FIELDER series, and Gaia series. Latin America and Middle East & Africa are expected to hold a significant share of the global microcatheter market during the forecast period. The Government of Brazil has introduced certain policies that allow foreign doctors from the U.S., the U.K., and other parts of the world to participate and improve health care services and practices in the country. The business council of Saudi Arabia provides support for partner identification, logistics, and market insights for better penetration into the market for new or private players in order to reduce the demand-supply gap in health care services.
Major players operating in the global microcatheter market include Boston Scientific Corporation, Codman Neuro, Medtronic, Biometrics, Asahi Intecc USA, Inc., Merit Medical Systems, Inc., Stryker, Terumo Medical Corporation, Tokai Medical Products, Inc., and Penumbra, Inc. These players adopt organic and in-organic growth strategies to expand product offerings, strengthen geographical reach, increase customer base, and capture market share.
Increasing Adoption of Minimally Invasive Surgeries will Bolster Growth of Microcatheter Market
Microcatheters are slim dividers, that comes with little width catheter and conveyance gadgets and are used in minimally invasive applications. These little catheters are ideal for exploring the immense organization of small veins found inside the body. Miniature catheters are regularly found all through the clinical gadget and medical care ventures. Ascend in selection of negligibly intrusive methodology, innovative headways, and expansion in target patient populace are probably going to fuel the worldwide microcatheter market.
The rise in government activities to advance better offices, expansion in essential joint efforts alongside consolidations and acquisitions, solid item pipeline, and expanding uses of microcatheters drive the worldwide microcatheter market. Nonetheless, severe administrative necessities and item review are main considerations controlling the worldwide microcatheter market.
Embolization technique that involves minimally invasive surgical procedure emerges as a prime advancement in clinical innovation. Embolization techniques are utilized in the treatment of cerebral aneurysms and fringe vascular illnesses. Selection of negligibly intrusive medical procedures has been expanding altogether because of different benefits including less post-employable torment, less blood misfortune, diminished emergency clinic stay, and quicker recuperation. This is probably going to move the micro catheters market in the coming years.
Expansion in the geriatric populace, which is inclined to neurovascular and cardiovascular infections, is projected to drive the microcatheter market. Mechanical progressions, for example, presentation of twofold coaxial directing catheter method, which is utilized to treat ongoing all out impediment (CTO) is driving the market. This procedure places one guide catheter inside another. The benefits of detached help given by an enormous guide catheter are joined with the capacity to effectively draw in the more modest catheter into the objective vessel. These improvements are probably going to increase the value of microcatheters and drive the worldwide microcatheter market.
The global microcatheter market has been segmented as follows:
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1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary : Global Microcatheter Market
4. Market Overview
4.1. Introduction
4.1.1. Indication Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Microcatheter Market Analysis and Forecast, 2016–2026
4.4.1. Market Revenue Projections (US$ Mn)
4.5. Porter’s Five Force Analysis
5. Market Outlook
5.1.Key Mergers & Acquisitions
5.2.Technological Advancements
6. Global Microcatheter Market Analysis and Forecast, by Indication
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast by Indication, 2016–2026
6.3.1. Neurovascular
6.3.2. Coronary
6.3.3. General Peripheral Vascular
7. Global Microcatheter Market Analysis and Forecast, by End-user
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast by End-user, 2016–2026
7.3.1. Hospitals
7.3.2. Specialty Clinics
7.3.3. Ambulatory Surgical Centers
7.4. Market Attractiveness by End-user
8. Global Microcatheter Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Market Value Forecast by Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness by Country/Region
9. North America Microcatheter Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. North America Microcatheter Market Value Forecast by Indication, 2016–2026
9.2.1. Neurovascular
9.2.2. Coronary
9.2.3. General Peripheral Vascular
9.3. North America Microcatheter Market Value Forecast by End-user, 2016–2026
9.3.1. Hospitals
9.3.2. Specialty Clinics
9.3.3. Ambulatory Surgical Centers
9.4. North America Microcatheter Market Value Forecast by Country, 2016–2026
9.4.1. U.S.
9.4.2. Canada
9.5. North America Microcatheter Market Attractiveness Analysis
9.5.1. By Indication
9.5.2. By End-user
9.5.3. By Country
10. Europe Microcatheter Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Europe Microcatheter Market Value Forecast by Indication, 2016–2026
10.2.1. Neurovascular
10.2.2. Coronary
10.2.3. General Peripheral Vascular
10.3. Europe Microcatheter Market Value Forecast by End-user, 2016–2026
10.3.1. Hospitals
10.3.2. Specialty Clinics
10.3.3. Ambulatory Surgical Centers
10.4. Europe Microcatheter Market Value Forecast by Country/Sub-region, 2016–2026
10.4.1. U.K.
10.4.2. Germany
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
10.5. Europe Microcatheter Market Attractiveness Analysis
10.5.1. By Indication
10.5.2. By End-user
10.5.3. By Country
11. Asia Pacific Microcatheter Market Analysis and Forecast
11.1.Introduction
11.1.1. Key Findings
11.2. Asia Pacific Microcatheter Market Value Forecast by Indication, 2016–2026
11.2.1. Neurovascular
11.2.2. Coronary
11.2.3. General Peripheral Vascular
11.3. Asia Pacific Microcatheter Market Value Forecast by End-user, 2016–2026
11.3.1. Hospitals
11.3.2. Specialty Clinics
11.3.3. Ambulatory Surgical Centers
11.4. Asia Pacific Microcatheter Market Value Forecast by Country/Sub-region, 2016–2026
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Asia Pacific Microcatheter Market Attractiveness Analysis
11.5.1. By Indication
11.5.2. By End-user
11.5.3. By Country
12. Latin America Microcatheter Market Analysis and Forecast
12.1.Introduction
12.1.1. Key Findings
12.2. Latin America Microcatheter Market Value Forecast by Indication, 2016–2026
12.2.1. Neurovascular
12.2.2. Coronary
12.2.3. General Peripheral Vascular
12.3. Latin America Microcatheter Market Value Forecast by End-user, 2016–2026
12.3.1. Hospitals
12.3.2. Specialty Clinics
12.3.3. Ambulatory Surgical Centers
12.4. Latin America Microcatheter Market Value Forecast by Country/Sub-region, 2016–2026
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Latin America Microcatheter Market Attractiveness Analysis
12.5.1. By Indication
12.5.2. By End-user
12.5.3. By Country
13. Middle East & Africa Microcatheter Market Analysis and Forecast
13.1.Introduction
13.1.1. Key Findings
13.2. Middle East & Africa Microcatheter Market Value Forecast by Indication, 2016–2026
13.2.1. Neurovascular
13.2.2. Coronary
13.2.3. General Peripheral Vascular
13.3. Middle East & Africa Microcatheter Market Value Forecast by End-user, 2016–2026
13.3.1. Hospitals
13.3.2. Specialty Clinics
13.3.3. Ambulatory Surgical Centers
13.4. Middle East & Africa Microcatheter Market Value Forecast by Country/Sub-region, 2016–2026
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Middle East & Africa Microcatheter Market Attractiveness Analysis
13.5.1. By Indication
13.5.2. By End-user
13.5.3. By Country
14. Competition Landscape
14.1.Market Share Analysis by Company (2017)
14.2. Company Profiles
14.3.1. Boston Scientific Corporation
14.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.1.2. Financial Overview
14.3.1.3. Product Portfolio
14.3.1.4. SWOT Analysis
14.3.1.5. Strategic Overview
14.3.2. Codman Neuro
14.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.2.2. Financial Overview
14.3.2.3. Product Portfolio
14.3.2.4. SWOT Analysis
14.3.2.5. Strategic Overview
14.3.3. Medtronic
14.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.3.2. Financial Overview
14.3.3.3. Product Portfolio
14.3.3.4. SWOT Analysis
14.3.3.5. Strategic Overview
14.3.4. Biometrics
14.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.4.2. Financial Overview
14.3.4.3. Product Portfolio
14.3.4.4. SWOT Analysis
14.3.4.5. Strategic Overview
14.3.5. Asahi Intecc USA, Inc.
14.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.5.2. Financial Overview
14.3.5.3. Product Portfolio
14.3.5.4. SWOT Analysis
14.3.5.5. Strategic Overview
14.3.6. Merit Medical Systems, Inc.
14.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.6.2. Financial Overview
14.3.6.3. Product Portfolio
14.3.6.4. SWOT Analysis
14.3.6.5. Strategic Overview
14.3.7. Stryker
14.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.7.2. Financial Overview
14.3.7.3. Product Portfolio
14.3.7.4. SWOT Analysis
14.3.7.5. Strategic Overview
14.3.8. Terumo Medical Corporation
14.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.8.2. Financial Overview
14.3.8.3. Product Portfolio
14.3.8.4. SWOT Analysis
14.3.8.5. Strategic Overview
14.3.9. Tokai Medical Products, Inc.
14.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.9.2. Financial Overview
14.3.9.3. Product Portfolio
14.3.9.4. SWOT Analysis
14.3.9.5. Strategic Overview
14.3.10. Penumbra, Inc.
14.3.10.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.10.2. Financial Overview
14.3.10.3. Product Portfolio
14.3.10.4. SWOT Analysis
14.3.10.5. Strategic Overview
List of Tables
Table 01: Global Microcatheter Market Size (US$ Mn) Forecast, by Indication, 2016–2026
Table 02: Global Microcatheter Market Size (US$ Mn) Forecast, by End-user, 2016–2026
Table 03: Global Microcatheter Market Size (US$ Mn) Forecast, by Region, 2016–2026
Table 04: North America Microcatheter Market Size (US$ Mn) Forecast, by Country, 2016–2026
Table 05: North America Microcatheter Market Size (US$ Mn) Forecast, by Indication, 2016 – 2026
Table 06: North America Microcatheter Market Size (US$ Mn) Forecast, by End-user, 2016–2024
Table 07: Global Microcatheter Market Size (US$ Mn) Forecast, by Country/Sub-region, 2016 – 2026
Table 08: Europe Microcatheter Market Size (US$ Mn) Forecast, by Indication, 2016–2026
Table 09: Europe Microcatheter Market Size (US$ Mn) Forecast, by End-user, 2016–2026
Table 10: Asia Pacific Microcatheter Market Size (US$ Mn) Forecast, by Country/Sub-region, 2016–2026
Table 11: Asia Pacific Microcatheter Market Size (US$ Mn) Forecast, by Indication, 2016–2026
Table 12: Asia Pacific Microcatheter Market Size (US$ Mn) Forecast, by End-user, 2016–2026
Table 13: Latin America Microcatheter Market Size (US$ Mn) Forecast, by Country/Sub-region, 2016–2026
Table 14: Latin America Microcatheter Market Size (US$ Mn) Forecast, by Indication, 2016–2026
Table 15: Latin America Microcatheter Market Size (US$ Mn) Forecast, by End-user, 2016–2026
Table 16: Middle East & Africa Microcatheter Market Size (US$ Mn) Forecast, by Country/Sub- region, 2014–2024
Table 17: Middle East & Africa Microcatheter Market Size (US$ Mn) Forecast, by Indication, 2016–2026
Table 18: Middle East & Africa Microcatheter Market Size (US$ Mn) Forecast, by End-user, 2016–2026
List of Figures
Figure 01: Global Microcatheter Market Snapshot
Figure 02: Key Trends Global Microcatheter Market Snapshot
Figure 03: Market Opportunity Map
Figure 04: Global Microcatheter Market Revenue (US$ Mn) Forecast, 2016–2026
Figure 05: Global Microcatheter Market Value Share, by Indication (2017)
Figure 06: Global Microcatheter Market Value Share, by End-user (2017)
Figure 07: Global Microcatheter Market Value Share, by Region (2017)
Figure 08: Global Microcatheter Market Value Share Analysis, by Indication, 2018 and 2026
Figure 09: Global Microcatheter Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Coronary, 2016–2026
Figure 10: Global Microcatheter Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Neurovascular, 2016–2026
Figure 11: Global Microcatheter Market Revenue (US$ Mn) and Y-o-Y Growth (%), by General Peripheral Vascular, 2016–2026
Figure 12: Global Microcatheter Market Attractiveness Analysis, by Indication
Figure 13: Global Microcatheter Market Value Share Analysis, by End-user, 2018 and 2026
Figure 14: Global Microcatheter Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Hospitals, 2016–2026
Figure 15: Global Microcatheter Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Specialty Clinics, 2016 – 2026
Figure 16: Microcatheter Global Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Ambulatory Surgery Centers, 2014–2024
Figure 17: Global Microcatheter Market Attractiveness Analysis, by End-user
Figure 18: Global Microcatheter Market Value Share Analysis, by Region, 2018 and 2026
Figure 19: Global Microcatheter Market Attractiveness Analysis, by Region
Figure 20: North America Microcatheter Market Size (US$ Mn) Forecast, 2016–2026
Figure 21: North America Microcatheter Market Attractiveness Analysis, by Country
Figure 22: North America Microcatheter Market Value Share Analysis, by Country, 2018 - 2026
Figure 23: North America Microcatheter Market Value Share Analysis, by Indication, 2018 -2026
Figure 24: North America Microcatheter Market Value Share Analysis, by End-user, 2018 - 2026
Figure 25: North America Microcatheter Market Attractiveness Analysis, by Indication
Figure 26: North America Microcatheter Market Attractiveness Analysis, by End-user
Figure 27: Europe Microcatheter Market Value (US$ Mn) Forecast, 2016–2026
Figure 28: Europe Microcatheter Market Attractiveness Analysis, by Country/Sub-region
Figure 29: Europe Microcatheter Market Value Share Analysis, by Country/Sub-region, 2018 - 2026
Figure 30: Europe Microcatheter Market Value Share Analysis, by Indication, 2018 - 2026
Figure 31: Europe Microcatheter Market Value Share Analysis, by End-user, 2018 - 2026
Figure 32: Europe Microcatheter Market Attractiveness Analysis, by Indication
Figure 33: Europe Microcatheter Market Attractiveness Analysis, by End-user
Figure 34: Asia Pacific Microcatheter Market Value (US$ Mn) Forecast, 2016–2026
Figure 35: Asia Pacific Market Attractiveness Analysis, by Country/Sub-region
Figure 36: Asia Pacific Microcatheter Market Value Share Analysis, by Country/Sub-region,
Figure 37: Asia Pacific Microcatheter Market Value Share Analysis, by Indication, 2018 – 2026
Figure 38: Asia Pacific Microcatheter Market Value Share Analysis, by End-user, 2018 – 2026
Figure 39: Asia Pacific Microcatheter Market Attractiveness Analysis, by Indication
Figure 40: Asia Pacific Microcatheter Market Attractiveness Analysis, by End-user
Figure 41: Latin America Microcatheter Market Value (US$ Mn) Forecast, 2016–2026
Figure 42: Latin America Microcatheter Market Attractiveness Analysis, by Country/Sub-region
Figure 43: Latin America Microcatheter Market Value Share Analysis, by Country/Sub-region, 2018 – 2026
Figure 44: Latin America Microcatheter Market Value Share Analysis, by Indication, 2018 – 2026
Figure 45: Latin America Microcatheter Market Value Share Analysis, by End-user, 2018 – 2026
Figure 46 Latin America Microcatheter Market Attractiveness Analysis, by Indication
Figure 47: Latin America Microcatheter Market Attractiveness Analysis, by End-user
Figure 48: Middle East & Africa Microcatheter Market Value (US$ Mn) Forecast, 2016–2026
Figure 49: Middle East & Africa Market Attractiveness Analysis, by Country/Sub-region
Figure 50: Middle East & Africa Market Value Share Analysis, by Country, 2018 – 2026
Figure 51: Middle East & Africa Market Value Share Analysis, by Indication, 2018 – 2026
Figure 52: Middle East & Africa Microcatheter Market Value Share Analysis, by End-user, 2018 – 2026
Figure 53: Middle East & Africa Microcatheter Market Attractiveness Analysis, by Indication
Figure 54: Middle East & Africa Microcatheter Market Attractiveness Analysis, by End- user
Figure 55: Microcatheter Market Share Analysis, by Company (2017)
Figure 56: Asahi Intecc Co., Ltd. Breakdown of Medical Division, by Region, 2017
Figure 57: Asahi Intecc Co., Ltd. Revenue (US$ Mn) & Y-o-Y Growth (%), 2014–2017
Figure 58: Asahi Intecc Co., Ltd. Breakdown of Net Sales, by Business Segment, 2017
Figure 59: Boston Scientific Corporation, Revenue (US$ Bn) & Y-o-Y Growth (%), 2014-2017
Figure 60: Boston Scientific Corporation, Breakdown of Net Sales, by Cardiovascular Segments, 2017
Figure 61: Boston Scientific Corporation, Breakdown of Net Sales, by Region 2017
Figure 62: Boston Scientific Corporation, Breakdown of Net Sales, by Business Segments, 2017
Figure 63: Terumo Corporation Revenue (US$ Bn) & Y-o-Y Growth (%), 2013-2017
Figure 64: Terumo Corporation Breakdown of Net Sales, by Business Segment, 2017
Figure 65: Terumo Corporation Breakdown of Net Sales for Cardiac and Vascular Company, by Region 2016
Figure 66: Terumo Corporation Breakdown of Net Sales, by Cardiac and Vascular Company, 2017
Figure 67: Medtronic Revenue (US$ Mn) and Y-o-Y Growth (%), 2014–2017
Figure 68: Medtronic Breakdown of Net Sales, by Business Segment, 2017
Figure 69: Medtronic Breakdown of Net Sales, by Region, 2017
Figure 70: Medtronic Breakdown of Net Sales, by Cardiac and Vascular Group Segment, 2017
Figure 71: Stryker Revenue (US$ Mn) and Y-o-Y Growth (%), 2014–2017
Figure 72: Stryker Breakdown of Net Sales (%), by Region, 2017
Figure 73: Stryker Breakdown of Net Sales (%), by Business Segment, 2017
Figure 74: Stryker Breakdown of Net Sales (%), by Neuro-technology and Spine Segment, 2017
Figure 75: Merit Medical Systems, Inc. Revenue (US$ Mn) and Y-o-Y Growth (%), 2014–2017
Figure 76: Merit Medical Systems, Inc. Breakdown of Net Sales (%), by Region, 2017
Figure 77: Merit Medical Systems, Inc. Breakdown of Net Sales (%), by Business Segment, 2017
Figure 78: Merit Medical Systems, Inc. Breakdown of Net Sales (%), by Cardiovascular Segment, 2017
Figure 79: Penumbra, Inc. Revenue (US$ Mn) and Y-o-Y Growth (%), 2014–2017
Figure 80: Penumbra, Inc. Breakdown of Net Sales (%), by Region, 2017
Figure 81: Penumbra, Inc. Breakdown of Net Sales (%), by Business Segment, 2017
Figure 82: Penumbra, Inc. Research & Development Expenditure, 2017
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