Microcatheter Market Size and Growth Rate
The micro-catheter market is esteemed to garner USD 924 million by 2024 and also to hit CAGR of 5.8% from 2019 to 2024. Micro-catheter devices perform a wide variety of tasks as they are inserted into the body parts. These are inserted to perform surgical procedures and also to allow drainage & administration of fluids and gases.
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Microcatheter Market Drivers and Restraints
A growing number of target diseases such as cardiovascular and cancer are majorly accelerating the growth of the market. An increase in the support from the government through investments is also propelling the demand of the market.
However, the cost of treatment procedure with these devices is a bit expensive is impeding the demand of the market. Lack of standardization is also impacting negatively on the growth of the market.
The rise in the demand for minimally invasive surgical procedures is bolstering the growth of the market to the extent. Growth opportunities for the market lie in the adoption of the latest technological advancements and the launch of innovative techniques in treatment procedures.
Microcatheter Market Geographical Segmentation
Regionally, the market is segmented into North America, Europe, Asia Pacific, and the Middle East and Africa. North America is witnessed to lead the highest shares of the market by owing to the increasing geriatric population and also rise in the support from the government through investments. Europe and the Asia Pacific are holding the highest shares of the market following North America with the growing scale of healthcare centers and also increasing incidences of cardiovascular diseases. The Middle East and Africa are to have the fastest growth rate in the foreseen years.
Key Players of Microcatheter Market
Some of the players included in the micro-catheter market are Boston Scientific Corporation (US), Medtronic Plc (Ireland), Terumo Corporation (Japan), ASAHI INTEC CO., LTD. (Japan), MERIT MEDICAL SYSTEMS, INC. (US), Teleflex Incorporated (US), Johnson and Johnson (US), Stryker Corporation (US), Cook Group Incorporated (US), Cardinal Health, Inc. (US), Becton, Dickinson and Company (US), B. Braun Melsungen AG (Germany), AngioDynamics, Inc. (US), Penumbra (US), and BTG PLC (UK).
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Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Contact:
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
Blog: https://marketreportsweb.com/
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