Micro Guided Catheter Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 7.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Micro Guided Catheter Market Analysis
The micro guide catheter market is expected to witness robust growth due to the sedentary lifestyle of people who are more prone to cardiovascular diseases or other diseases.
In minimally invasive surgery, doctors use various methods to operate with minimal damage to the body instead of traditional open surgery. Generally, minimally invasive surgery is associated with less pain, a shorter hospital stay, and fewer complications. By developing integrated solutions, minimally invasive procedures are beginning to replace traditional surgical care in other medical domains, such as in oncology and cardiology.
Minimally invasive surgery, with the help of micro guided catheters, can treat arterial, venal, and vascular bypass grafts. The demand for this surgery is increasing at a very high rate, due to several factors that include a higher accuracy rate, with relatively lower pain and fewer infections. The risks associated with this treatment are quite lower, increasing patient preferences, thereby, driving the micro guide catheter market.
Micro Guided Catheter Market Trends
This section covers the major market trends shaping the Micro Guided Catheter Market according to our research experts:
Hospital/Clinics Segment is Expected to Dominate the Market over the Forecast Period
- Based on end user, it is segmented into hospitals/clinics and ambulatory surgical centers. The factors attributing to the dominance of this segment are a larger patient pool, enhanced healthcare infrastructure across the world, availability of skilled technicians, and affordability.
- The rise in patient pool, due to substantial growth in the geriatric population suffering from lifestyle diseases, such as atherosclerosis and heart failure, is expected to enhance revenue generations of the segment. Hence, the high accessibility and affordability of hospitals and clinics are expected to attract a large patient population. These factors are expected to fuel the market growth during the forecast period.
North America is Expected to Maintain Largest Share in the Market Studied
- The micro guide catheter market holds the largest share in the North American region, due to proper infrastructure and increasing patient compliance with the new technologically advanced treatment. The rapid increase in the patient pool in the United States tends to increase the demand for these catheters.
- According to the Health Library, it is estimated that about 84 million people in the United States suffer from some form of cardiovascular disease, causing about 2,200 deaths a day, averaging one death every 40 seconds. Furthermore, the high volume of medical procedures is carried out through catheterization in the United States each year, and the early adoption of the technology in the geographical region is expected to drive market growth.
Micro Guided Catheter Industry Overview
The global players in the micro guide catheter market are Asahi Intecc Co. Ltd, Boston Scientific Corporation, Cardinal Health Inc., Cook Group Incorporated, Integer Holdings Corporation, Medtronic PLC, Merit Medical Systems, and Terumo Corporation.
Micro Guided Catheter Market Leaders
Boston Scientific Corporation
Medtronic PLC
Merit Medical Systems
Terumo Corporation
Cardinal Health Inc.
*Disclaimer: Major Players sorted in no particular order
Micro Guided Catheter Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Growing Burden of Cardiac and Neurovascular Disorders
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4.2.2 Increase in Adoption of Minimally Invasive Surgeries
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4.2.3 Increasing Geriatric Population
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4.3 Market Restraints
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4.3.1 Lack of Skilled Physicians
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4.3.2 Product Recalls
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product
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5.1.1 Over-the-wire
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5.1.2 Flow-directed
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5.2 By Application
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5.2.1 Cardiovascular
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5.2.2 Neurovascular
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5.2.3 Other Applications
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5.3 By End User
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5.3.1 Hospitals/Clinics
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5.3.2 Ambulatory Surgical Centers
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5.4 By Geography
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5.4.1 North America
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5.4.1.1 United States
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5.4.1.2 Canada
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5.4.1.3 Mexico
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5.4.2 Europe
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5.4.2.1 Germany
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5.4.2.2 United Kingdom
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5.4.2.3 France
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5.4.2.4 Italy
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5.4.2.5 Spain
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5.4.2.6 Rest of Europe
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5.4.3 Asia Pacific
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5.4.3.1 China
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5.4.3.2 Japan
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5.4.3.3 India
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5.4.3.4 Australia
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5.4.3.5 South Korea
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5.4.3.6 Rest of Asia Pacific
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5.4.4 Middle-East and Africa
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5.4.4.1 GCC
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5.4.4.2 South Africa
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5.4.4.3 Rest of Middle-East and Africa
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5.4.5 South America
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5.4.5.1 Brazil
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5.4.5.2 Argentina
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5.4.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Asahi Intecc Co. Ltd
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6.1.2 Boston Scientific Corporation
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6.1.3 Cardinal Health Inc.
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6.1.4 Cook Group Incorporated
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6.1.5 Integer Holdings Corporation
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6.1.6 Medtronic PLC
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6.1.7 Merit Medical Systems
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6.1.8 Terumo Corporation
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6.1.9 Teleflex Incorporated
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Micro Guided Catheter Industry Segmentation
As per the scope of the report, catheters are tubes made of medical-grade materials. They are used for treatment in different types of disease conditions, such as cardiovascular, gastrointestinal, urological, and neurological.
| By Product | |
| Over-the-wire | |
| Flow-directed |
| By Application | |
| Cardiovascular | |
| Neurovascular | |
| Other Applications |
| By End User | |
| Hospitals/Clinics | |
| Ambulatory Surgical Centers |
| By Geography | ||||||||
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Micro Guided Catheter Market Research FAQs
What is the current Micro Guide Catheter Market size?
The Micro Guide Catheter Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in Micro Guide Catheter Market?
Boston Scientific Corporation, Medtronic PLC, Merit Medical Systems, Terumo Corporation and Cardinal Health Inc. are the major companies operating in the Micro Guide Catheter Market.
Which is the fastest growing region in Micro Guide Catheter Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Micro Guide Catheter Market?
In 2024, the North America accounts for the largest market share in Micro Guide Catheter Market.
What years does this Micro Guide Catheter Market cover?
The report covers the Micro Guide Catheter Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Micro Guide Catheter Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Micro Guide Catheter Industry Report
Statistics for the 2024 Micro Guide Catheter market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Micro Guide Catheter analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
