Market Outline: Micro Guide Catheters Market
Catheters are used in healthcare to deliver medications or to drain bodily fluids. They can be inserted into a body cavity, duct or blood vessel. Catheters play an important role in minimal invasive surgeries and are used in the diagnostic, monitoring or operational purpose during surgery procedures. Micro guide catheter is worked to approach profoundly complex injuries in the human life systems through the most troublesome vessels, conduits or depressions. The stainless steel mesh in Micro guide catheter enhances the rigidity and expands the dependability of the Micro guide catheter. This is favorable position of smaller scale direct catheter over other regular catheters. The Micro guide catheter lumen is decreased and planned to accommodate improved control through the human body.
Global Micro Guide Catheters Market was valued at US $ XX Mn and expected to grow at 7.85% Compound Annual Growth Rate (CAGR) over the 2018 to 2024.
Market Dynamics: Micro Guide Catheters Market
Increasing prevalence of diabetes, obesity, urinary diseases and cardiovascular diseases, Rise in number of minimally invasive surgeries for diagnostic, monitoring and operational purpose should boost the Micro Guide Catheters demand. Less invasive procedures are a cost effective alternative to open medical procedures owing to shorter hospital stays, minimal scarring and least post procedure complications boost the growing demand for Micro Guide Catheters globally. Increasing prevalence of neurovascular disorders such as Dural arteriovenous, aneurysm, and arteriovenous and chronic kidney diseases have increased the demand for Micro Guide Catheters. However, healthcare associated infections caused by catheters can limit the growth of market. Moreover, high cost of neurological and cardiac procedures and lack of skilled professionals, pain and swelling during insertion and withdrawal of catheters and the discomfort associated with its use can hinder the growth of the market. New innovations and technological advancements would help to cover come the limitations
Based on the Product, the market is segmented into the following:
- Over-the-wire Micro-guide Catheter
- Flow-Directed Micro-guide Catheter
Based on the Application, the market is segmented into the following:
Based on the End User, the market is segmented into the following:
- Diagnostic Centres
- Ambulatory surgical centres
Based on Geography, the market is segmented into the following:
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa.
Micro Guide Catheters are broadly utilized as a part of cardiovascular illness treatment. Cardiovascular catheters is the biggest fragment in worldwide catheter showcase. Cardiovascular catheters hold roughly 40% offer of the worldwide catheter showcase. The Micro Guide Catheters market is relied upon to witness reinforcing request inferable from the wandering of catheter producing organizations into new dispatches of miniaturized scale direct catheters. Likewise the Micro Guide Catheters market have plentiful potential because of the adaptability of smaller scale manage catheter tips.The worldwide Micro Guide Catheters market is exceedingly aggressive and expanded because of the nearness of an extensive number of local and universal merchants over the globe. As indicated by the business look into report, countless catheter merchants are progressively utilizing propelled advancements to grow new items or to overhaul their current portfolio, which, thusly, will fortify the aggressive condition in the market. Besides, it has been watched that these merchants are progressively receiving new techniques to stay aggressive in the coronary Micro Guide Catheters market and increment their offers..
Regional Analysis: Micro Guide Catheters Market
Geographically, global Micro Guide Catheters Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America dominating the global revenue. High volumes of minimally invasive and catheterization procedures coupled with the presence of high patient awareness levels and disposable incomes are some of the factors driving Micro Guide Catheters demand in the region. Asia Pacific catheters market is expected to grow significantly owing to high unmet medical needs and the presence of emerging economies with improving healthcare infrastructure such as China and India. Growing penetration rates of urology and neurovascular catheters in the emerging markets of India and China, improving healthcare infrastructure and increasing number of healthcare practitioners should enable robust industry growth platform. The rising patient awareness supported by growing disposable income levels will further stimulate industry growth. Latin America and MEA also possesses high market potential for growth of Micro Guide Catheters due to increase in demand for cardiovascular and urological catheters, and upsurge in governmental initiatives to improve healthcare facilities
Competition Assessment: Micro Guide Catheters Market
Some of the players in the global Micro Guide Catheters Market include:
- Abbott Laboratories(USA)
- Becton Dickinson And Company (USA)
- Boston Scientific Corporation (USA)
- Bard Medical (Georgia)
- Braun Melsungen AG (Germany)
- Teleflex Incorporated (USA)
- Johnson & Johnson (USA)
- Medtronic, Inc.(Ireland)
- Edwards Lifesciences Corp. (USA)
- Vascular Solutions, Inc.(USA)