Microcatheters Market By Indication (Coronary, Neurovascular, General Peripheral Vascular), By End User (Hospitals, Clinics, Ambulatory Surgical Centers) – Growth, Future Prospects & Competitive Analysis, 2019 – 2027

The microcatheters market is expected to exhibit productive growth during the forecast period.

The global microcatheters market is expanding rapidly; it was worth $592.4 million in 2018 and is expected to be worth $904.1 million by 2027. Globally increasing minimally invasive surgical procedures and the high prevalence of cardiovascular disorders (primarily cardiac arrhythmia, congestive heart failure, and cardiac arrest), kidney disorders, and urology disorders have significantly increased the market share in recent years. Partnerships and new product launch in the cardiovascular, urology, and neurovascular indication segments are driving global growth in emerging markets.

Additionally, rising medical tourism for surgery, usage of branded microcatheters with top applications, and an increasing number of hospitals, along with a favorable reimbursement structure, fuel the demand for microcatheters globally. However, the risk of infections, the high cost of branded products, and forceful price competition in the local markets, mainly in the Asia Pacific and Europe, are liable for limiting the overall growth of the microcatheter market.

Market Synopsis

The corporate segment is expected to register higher growth by the end of 2026.

Novel technology assessment in the design of microcatheters, the high prevalence of cardiovascular disorders, and the availability of diagnosis, delivery, aspiration, and steerable microcatheters on a global scale will drive the demand during the forecast period. In addition, improved applications in coated microcatheters, tip technology, and integrated microcatheters are going to spur further revenue growth during the forecast period.

DirexionTM (the first Nitinol Microcatheter with enhanced steerability and control, for example). Additionally, the development of healthier reimbursement models and new technology assessments in microcatheter technology are factors driving the overall growth of the market.

Increasing admissions due to cardiovascular disorders in the hospital segment will witness a significant CAGR.

Rising heart-related disorders, cancer, oncology, cardiovascular, and other chronic diseases are significant factors expected to drive the global microcatheters market. The growing population, combined with rising hospital admissions for image-guided and minimally invasive procedures in major European and Asian countries, is a major factor driving the end-user segment’s growth.

In 2018, the hospital segment generated the highest revenue share due to the high volume of surgical and diagnostic procedures performed. Additionally, developments in clinics, ambulatory surgical centers, and other cardiovascular centers have sustained the administration of microcatheters.

Growing population, new product launches, and the presence of top players all contribute to North America’s dominance.

In 2018, the U.S. generated the most revenue in the global microcatheters market, which can be attributed to the increasing prevalence of cardiovascular and urology disorders, urinary tract infections, and other neurovascular disorders. Furthermore, growing minimally invasive procedures and the utilization of branded steerable or delivery microcatheters in hospitals and specialty clinics will drive the overall growth of the market.

Major factors include increasing awareness about advanced catheter technology, growing FDA approvals for new products, the growing prevalence of liver and kidney cancer, and the presence of top catheter manufacturers in North America and Western Europe. Nevertheless, in poorer economic nations such as India, China, Brazil, and South Africa, the accessibility of advanced products is limited.

The lack of qualified physicians, the inadequacy of medical treatment, and the high cost of products and procedures are factors limiting the growth of the microcatheter market.

Dominance of multinational manufacturers with strong product portfolios in the developed regions

Major players in the microcatheters market are Medtronic plc., Asahi Intecc USA, Terumo Medical Corporation, Boston Scientific Corporation, Tokai Medical Products, Penumbra, Inc., Cardinal Health, Inc., Becton, Dickinson and Company, AngioDynamics, Inc., BTG PLC, Teleflex Incorporated, Merit Medical Systems, Inc., and others.

Top organizations are implementing growth strategies along with new technology expansion in microcatheter designs, as well as partnerships and acquisitions with medical technology companies. For example, in November 2018, ASAHI INTEC CO., LTD. signed an exclusive agreement with Medtronic plc. to wholly distribute its catheter and neurovascular guidewire products in the U.S. market.

Periods of History and Forecast

This study report includes an analysis of each segment from 2017 to 2027, with 2018 as the base year. The compound annual growth rate (CAGR) for each of the respective segments is estimated for the forecast period from 2019 to 2027.

Report Scope by Segments

Market Segmentation

The current report also includes qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities to provide a more comprehensive understanding of the overall microcatheters market.

Additionally, the global report also comprises a graphical representation of the competitive landscape based on their market initiatives and strategies, product portfolios, and business strengths.

Key questions are answered in this report.

• What are the current market trends and dynamics in the microcatheter market, and what are the valuable opportunities for emerging players?
• What is the market positioning of the major market players?
• Which segment accounts for the fastest CAGR during the forecast period?
• Which indication holds a larger market share and why?
• Are low- and middle-income economies investing in the microcatheter market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and the Middle East and Africa?

Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Market Segmentation
1.3. Research Scope
1.4. Research Methodology
1.4.1. Phase I – Secondary Research
1.4.2. Phase II – Primary Research
1.4.3. Phase III – Expert Panel Review
1.4.4. Assumptions
1.5. Market Segmentation

Chapter 2. Executive Summary
2.1. Global Microcatheters Market Portraiture
2.2. Global Microcatheters Market, By Indication, 2018 (US$ Mn)
2.3. Global Microcatheters Market, By End User, 2018 (US$ Mn)
2.4. Global Microcatheters Market, by Geography, 2018 vs. 2027 (Value %)

Chapter 3. Global Microcatheters Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Microcatheters Market Technologies: Future Trends
3.3. Current Scenario: New Product Launches, High prevalence For Cardiovascular Diseases
3.4. Challenges
3.5. Opportunities
3.6. Attractive Investment Proposition, by Geography, 2018
3.7. Competitive Landscape
3.7.1. Competitive Landscape, by Key Players, 2018

Chapter 4. Global Microcatheters Market, by Indication, 2017 – 2027 (US$ Mn)
4.1. Overview
4.2. Coronary
4.3. Neurovascular
4.4. General Peripheral Vascular

Chapter 5. Global Microcatheters Market, By End User, 2017 – 2027 (US$)
5.1. Overview
5.2. Hospitals
5.3. Clinics
5.4. Ambulatory Surgical Centers

Chapter 6. Global Microcatheters Market, by Geography, 2017 – 2027 (US$ Mn)
6.1. Overview
6.2. North America Microcatheters Market Analysis, 2017 – 2027
6.2.1. North America Microcatheters Market, By Indication, 2017 – 2027 (US$ Mn)
6.2.2. North America Microcatheters Market, By End User, 2017 – 2027 (US$ Mn)
6.2.3. North America Microcatheters Market, by Country, 2017 – 2027 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe Microcatheters Market Analysis, 2017 – 2027
6.3.1. Europe Microcatheters Market, By Indication, 2017 – 2027 (US$ Mn)
6.3.2. Europe Microcatheters Market, By End User, 2017 – 2027 (US$ Mn)
6.3.3. Europe Microcatheters Market, by Country, 2017 – 2027 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. Rest of Europe
6.4. Asia Pacific Microcatheters Market Analysis, 2017 – 2027
6.4.1. Asia Pacific Microcatheters Market, By Indication, 2017 – 2027 (US$ Mn)
6.4.2. Asia Pacific Microcatheters Market, By End User, 2017 – 2027 (US$ Mn)
6.4.3. Asia Pacific Microcatheters Market, by Country, 2017 – 2027 (US$ Mn)
6.4.3.1. Japan
6.4.3.2. China
6.4.3.3. Rest of APAC
6.5. Latin America Microcatheters Market Analysis, 2017 – 2027
6.5.1. Latin America Microcatheters Market, By Indication, 2017 – 2027 (US$ Mn)
6.5.2. Latin America Microcatheters Market, By End User, 2017 – 2027 (US$ Mn)
6.5.3. Latin America Microcatheters Market, by Country, 2017 – 2027 (US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Mexico
6.5.3.3. Rest of Latin America
6.6. Middle East & Africa (MEA) Microcatheters Market Analysis, 2017 – 2027
6.6.1. MEA Microcatheters Market, by Indication, 2017 – 2027 (US$ Mn)
6.6.2. MEA Microcatheters Market, By End User, 2017 – 2027 (US$ Mn)
6.6.3. MEA Microcatheters Market, by Region, 2017 – 2027 (US$ Mn)
6.6.3.1. GCC
6.6.3.2. Rest of MEA

Chapter 7. Company Profiles
7.1. Medtronic plc.
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Asahi Intecc USA
7.3. Terumo Medical Corporation
7.4. Boston Scientific Corporation
7.5. Tokai Medical Products
7.6. Penumbra, Inc.
7.7. Cardinal Health, Inc.
7.8. Becton, Dickinson and Company
7.9. AngioDynamics, Inc.
7.10. BTG PLC
7.11. Teleflex Incorporated
7.12. MERIT MEDICAL SYSTEMS, INC.

List of Figures

FIG. 1 Global Microcatheters Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Microcatheters Market Segmentation
FIG. 4 Global Microcatheters Market, by Indication, 2017 (US$ Mn)
FIG. 5 Global Microcatheters Market, by End User, 2017 (US$ Mn)
FIG. 6 Global Microcatheters Market, by Geography, 2017 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Geography, 2017
FIG. 8 Global Market Positioning of Key Microcatheters Market Manufacturers, 2017
FIG. 9 Global Microcatheters Market for Coronary Indications, 2017–2027 (US$ Mn)
FIG. 10 Global Microcatheters Market for Neurovascular Indications, 2017–2027 (US$ Mn)
FIG. 11 Global Microcatheters Market for General Peripheral Vascular Indications, 2017–2027 (US$ Mn)
FIG. 12 Global Hospitals Market (End User), 2017–2027 (US$ Mn)
FIG. 13 Global Clinics Market (End User), 2017–2027 (US$ Mn
FIG. 14 Global Ambulatory Surgical Centers Market (End User), 2017–2027 (US$ Mn
FIG. 15 U.S. Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 16 Canada Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 17 U.K. Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 18 Germany Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 19 Rest of Europe Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 20 Japan Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 21 China Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 22 Rest of Asia Pacific Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 23 Brazil Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 24 Mexico Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 25 Rest of Latin America Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 26 GCC Microcatheters Market, 2017–2027 (US$ Mn)
FIG. 27 Rest of Middle East & Africa Microcatheters Market, 2017–2027 (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Microcatheters Market
TABLE 2 Global Microcatheters Market, by Indication, 2017–2027 (US$ Mn)
TABLE 3 Global Microcatheters Market, by End User, 2017–2027 (US$ Mn)
TABLE 4 Global Microcatheters Market, by Geography, 2017–2027 (US$ Mn)
TABLE 5 North America Microcatheters Market, by Indication, 2017–2027 (US$ Mn)
TABLE 6 North America Microcatheters Market, by End User, 2017–2027 (US$ Mn)
TABLE 7 North America Microcatheters Market, by Country, 2017–2027 (US$ Mn)
TABLE 8 Europe Microcatheters Market, by Indication, 2017–2027 (US$ Mn)
TABLE 9 Europe Microcatheters Market, by End User, 2017–2027 (US$ Mn)
TABLE 10 Europe Microcatheters Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 11 Latin America Microcatheters Market, by Indication, 2017–2027 (US$ Mn)
TABLE 12 Latin America Microcatheters Market, by End User, 2017–2027 (US$ Mn)
TABLE 13 Latin America Microcatheters Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 14 Asia Pacific Microcatheters Market, by Indication, 2017–2027 (US$ Mn)
TABLE 15 Asia Pacific Microcatheters Market, by End User, 2017–2027 (US$ Mn)
TABLE 16 Asia Pacific Microcatheters Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 17 Middle East & Africa Microcatheters Market, by Indication, 2017–2027 (US$ Mn)
TABLE 18 Middle East & Africa Microcatheters Market, by End User, 2017–2027 (US$ Mn)
TABLE 19 Middle East & Africa Microcatheters Market, by Region, 2017–2027 (US$ Mn)
TABLE 20 Medtronic plc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 21 Asahi Intecc USA .: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 22 Terumo Medical Corporation .: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 Boston Scientific Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 Tokai Medical Products: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Penumbra, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Becton Dickinson and Company: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 BTG PLC: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Cardinal Health, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 AngioDynamics, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 Teleflex Incorporated: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 MERIT MEDICAL SYSTEMS, INC.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)