The global Microcatheters market was valued at USD 1,656.2 million in 2019 and is expected to grow at a CAGR of 4.2% over the forecast period. The rising incidence and prevalence of chronic disorders across the globe has led to the introduction of technologically advanced products which is projected to fuel microcatheters market growth over the forecast period.
Furthermore, rising number of minimally invasive medical procedures coupled with rising prevalence of vascular diseases is anticipated to offer lucrative growth opportunities for the global market players over the forecast period from 2020 to 2028.
Adroit Market Research report on global Microcatheters market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities, and challenges. The market has been studied for the period 2018 to 2028, with the base year of estimation as 2020 and forecast from 2020 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market competition with Porter's five forces analysis and company positioning based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global Microcatheters market have been studied in detail.
North America currently holds most of the market share owing to presence of major leading players and established healthcare infrastructure. is expected to account for largest share in the global microcatheters market in 2019. However, Asia Pacific region is projected to witness highest growth rate owing to growing demand from emerging economies such as India, China, and Japan. The growth is attributed to rising government focus on development of the healthcare infrastructure for the growing population.
The prominent players operating in the global microcatheters market comprises Medtronic, Stryker, BD, Boston Scientific Corporation, B. Braun Melsungen AG, Teleflex Incorporated, Terumo Medical Corporation, Penumbra, Inc., AngioDynamics, Koninklijke Philips N.V. among other prominent players.
Key segments of the global Microcatheters market
Type Overview, 2018-2028 (USD Million)
Design Overview, 2018-2028 (USD Million)
Application Overview, 2018-2028 (USD Million)
- Peripheral Vascular
End-User Overview, 2018-2028 (USD Million)
- Hospitals Surgical Centers
- Ambulatory Care Centers
Regional Overview, 2018-2028 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of Central and South America
- Middle East & Africa
- South Africa
- Rest of Middle East and Africa