According to the research report titled ‘Microcatheters Market Size By Product (Delivery Microcatheters, Diagnostic Microcatheters, Aspiration Microcatheters, Steerable Microcatheters), By Design (Single Lumen Microcatheters, Dual Lumen Microcatheters), By Application (Cardiovascular, Neurovascular, Peripheral Vascular, Oncology), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, microcatheters market is anticipated to garner profitable returns by the year 2027.
 

Growing healthcare expenditure, rising number of cardiovascular patients, shifting inclination from manually operated devices to robotically operated devices, and increasing preference for minimally invasive surgeries are the major growth catalysts for microcatheters market.

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For the unversed, a microcatheter is a small diameter catheter that is primarily utilized for delivering devices inside the body during minimally invasive operations. Its small size makes it ideal for navigating the human body's complicated vasculature.

Product applications in percutaneous coronary intervention (PCI), as guidewire support, to deliver therapeutic embolic, access cross lesions, inject contrast media, in distal anatomy, exchanges, and other complex endovascular procedures is augmenting the product outlook.

In terms of product terrain, steerable microcatheter market share was worth USD 158 million in 2020 and is expected to show a CAGR of 8% during the assessment period, owing to collective shift towards robotically operated surgical devices, wherein navigation is made easier by changing the angle of tip for selective catheterization. Also, widespread product usage in therapeutic & diagnostic applications will impel the segmental share.

On the basis of design scope of microcatheters industry, dual lumen segment was worth USD 424 million in 2020 and is poised to showcase a CAGR of 8% over the forecast timeframe, owing to growing inclination for minimally invasive surgical procedures around the world.

Based on application ambit, the cardiovascular segment generated revenues worth USD 304 million in 2020 and is slated to grow with a CAGR of 8.2% through 2027, owing to growing number of cardiovascular disease patients.

On the regional front, Middle East & Africa market was remunerated at USD 35 million in 2020 and is anticipated to record 8.8% CAGR over the forecast timeline. The expansion is attributed to increasing medical expenditure as well as the large patient pool in the region.

The key players in microcatheters marketplace are Integer Holdings Corporation, Transit Scientific, Terumo Corporation, Teleflex Incorporated, Stryker Corporation, Reflow Medical, Inc., Penumbra, Inc., Merit Medical Systems, Inc., Medtronic plc, Embolx, Inc., Cook Group Incorporated, Cardiovascular Systems, Inc., Boston Scientific Corporation, Asahi Intecc Co., Ltd., and Acrostak Corporation.