Microcatheter Market
Size and Growth Rate:
According to the Research Report by Research Cosmos, The
global Microcatheter Market Size was estimated at USD 162.3 Million in 2017 and
is expected to reach nearly USD 304.50 Million by 2023, increasing at a CAGR of
around 7.50% from 2018 to 2023.
Browse details of 84 number of pages
research report developed on Microcatheter
Market
Microcatheter Market Overview:
Embolization is minimally invasive cryosurgery that marks a
significant improvement in medical technology. Embolization procedures are used
in the therapy of cerebral aneurysms and peripheral vascular disorders.
Adoption of minimally invasive surgeries has been growing significantly due to
various advantages including less blood loss, reduced hospital stays, less
post-operative pain, and faster recovery. This is likely to propel the
microcatheters market during the projected period
Microcatheter Market
Growth Drivers and Restraints:
Growing target patient population of cardiovascular
disorders, neurovascular diseases, and cancer; increasing adoption of minimally
invasive surgical procedures (which utilizes microcatheters); and the growing
number of microcatheter-assisted clinical research studies are the major
circumstances driving the growth of this market.
Increase in the number of hospitals, improvements in
reimbursement policies, an increase in incidences of cardiovascular diseases is
expected to drive the global microcatheter market. The specialty clinics
section is likely to create opportunities in the Asia Pacific. Increase in
health care infrastructure in developing countries and rise in technological
improvements are expected to drive the microcatheters market during the
projection period.
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Microcatheter Market
Geographical Segmentation:
The world microcatheters market is divided into five regional
segments, namely, Asia Pacific, North America, Europe, Latin America, and the
Middle East & Africa. North America is expected to account for the largest
share in the global market in 2018. However, APAC is anticipated to grow at the
highest CAGR during the projected period. Emerging economies in the region such
as China, India, and South Korea along with advanced
markets such as Japan and Australia are offering high-growth possibilities for
market players in the field of microcatheters. This can be attributed to
circumstances such as the presence of a large patient pool, rising prevalence
&incidence of target diseases, improving healthcare infrastructure in Asian
nations, and favorable government initiatives.
Key players of the Microcatheter
Market:
The important players operating in the microcatheters market
include Boston Scientific Corporation (US), MERIT MEDICAL SYSTEMS, Medtronic
Plc (Ireland), Terumo Corporation (Japan), ASAHI INTECC CO., LTD. (Japan), INC. (US), Teleflex Incorporated (US), Cook
Group Incorporated (US), Johnson and Johnson (US), Stryker Corporation
(US), Cardinal Health, Inc. (the US),
Becton, AngioDynamics, Inc. (US), Dickinson and Company (US), B. Braun
Melsungen AG (Germany), Penumbra (US),
and BTG PLC (UK), among others.
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