The market for micro guide catheters industry share is projected to grow at a strong compound annual growth rate (CAGR) of 5.6% between 2022 and 2032. Given that people who are prone to cardiovascular disease or other conditions tend to lead sedentary lifestyles, it is expected that robust sales of micro guide catheters would rise quickly. Higher accuracy rates and lower infection rates are two factors driving the need for micro guide catheters. Furthermore, as less risks are connected to this course of treatment, patient preferences are growing and propelling the market for micro guide catheters.
Instead of opting for traditional open surgery, doctors are utilizing a huge variety of techniques in order to operate with minimal damage to the body in minimally invasive surgery. This majorly drives the demand for micro-guide catheters. Generally, minimally invasive surgery is associated with less pain and fewer complications. Due to this reason, people all over the globe are drastically shifting towards micro-guide catheters, thereby scaling up the demand for micro-guide catheters. Furthermore, minimally invasive procedures are rapidly replacing traditional surgical care in other medical domains, such as cardiology, due to the development of integrated solutions, in turn spiking the sales of micro-guide catheters globally.
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With the assistance of micro-guided catheters, minimally invasive surgery is able to efficiently treat arterial, venal, and vascular bypass grafts, and sales of micro guide catheters are likely to skyrocket owing to their wide application. Furthermore, the material used in the catheter’s production allows for flexibility and tracking of the stent during the surgical procedure, which boosts the demand for micro-guide catheters. Another crucial factor accelerating the sales of micro guide catheters is that the most advanced catheters have a thin hydrophobic surface coating, which is a smooth, slippery film that makes catheter insertion safer and more comfortable. Over the recent years, bio-compatible catheters made out of polymeric material with a titanium surface have been used, which aids in improving lubricity during surgery which results in higher demand for micro guide catheters over the projection period.
Key Takeaways:
- The micro guide catheter is constructed in order to approach highly complex lesions within the human anatomy through the most difficult vessels, ducts, or cavities which is the primary factor propelling the demand for micro guide catheters.
- The sales of micro guide catheters are anticipated to facilitate enhanced tensile strength and increased reliability due to stainless-steel braid in micro guide catheters. This is a significant advantage of a micro guide catheter over other conventional catheters, which fosters the augmentation of micro guide catheters’ market share of various key players.
- The micro guide catheter lumen is tapered and intended to offer improved guidewire control through the human body. As a result, surging the demand for micro guide catheters globally. Furthermore, the risk associated with catheter material and functioning can hamper the growth of the micro guide catheter market, thereby impinging on the sales of micro guide catheters.
- An important factor impacting the global sales of micro guide catheters negatively is the weakness of the polymers used in catheters which results in fractures that can only be rectified by additional surgery.
Competitive Landscape
Key manufacturing players in the global micro guide catheters market are focusing on gaining US FDA and C.E. approvals for their micro guide catheters in order to scale up their micro guide catheters market share.
More Insights into the Micro Guide Catheters Market
On the basis of geographic regions, the global micro guide catheters market is segmented into seven key regions including North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.
North American region is anticipated to dominate the global micro guide catheters market owing to the high volumes of medical procedures conducted through catheterization. Furthermore, the availability of established healthcare infrastructure, the high contribution of healthcare to the economy, and patient compliance are the reasons for the high demand for micro-guide catheters in North America.
The constant improvements within the healthcare sector along with the huge amount of population base within the Asia Pacific region are predicted to augment the sales of micro guide catheters in the Asia Pacific market.
Key companies profiled:
- LuMend Corporation,
- Terumo Europe N.V.,
- Covidien AG,
- ASAHI INTECC Company Limited,
- Lake Region Manufacturing Inc.,
- Boston Scientific Corporation,
- Volcano Corporation,
- Micro Therapeutics Inc.
Key Segments
By Product:
- Over-the-wire
- Flow-directed
By Application:
- Cardiovascular
- Neurovascular
- Other Applications
By End User:
- Hospitals/Clinics
- Ambulatory Surgical Centres
By Region:
- North America
- Latin America
- Middle East and Africa(MEA)
- Asia Pacific
- Europe
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Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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