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Micro Guide Catheter Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Micro Guide Catheter Market is segmented by Product (Over-the-wire and Flow-directed), Application (Cardiovascular, Neurovascular, and Other Applications), End User (Hospitals/Clinics and Ambulatory Surgical Centers), and Geography (North America, Europe, Asia Pacific, Middle-East and Africa, and South America).

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Market Snapshot

Micro Guide Catheter
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.5 %

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Market Overview

The micro guide catheter market is expected to witness robust growth due to the sedentary lifestyle of people who are more prone to cardiovascular diseases or other diseases. 

In minimally invasive surgery, doctors use various methods to operate with minimal damage to the body instead of traditional open surgery. Generally, minimally invasive surgery is associated with less pain, a shorter hospital stay, and fewer complications. By developing integrated solutions, minimally invasive procedures are beginning to replace traditional surgical care in other medical domains, such as in oncology and cardiology. 

Minimally invasive surgery, with the help of micro guided catheters, can treat arterial, venal, and vascular bypass grafts. The demand for this surgery is increasing at a very high rate, due to several factors that include a higher accuracy rate, with relatively lower pain and fewer infections. The risks associated with this treatment are quite lower, increasing patient preferences, thereby, driving the micro guide catheter market.

Scope of the Report

As per the scope of the report, catheters are tubes made of medical-grade materials. They are used for treatment in different types of disease conditions, such as cardiovascular, gastrointestinal, urological, and neurological.

By Product
Over-the-wire
Flow-directed
By Application
Cardiovascular
Neurovascular
Other Applications
By End User
Hospitals/Clinics
Ambulatory Surgical Centers
By Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Hospital/Clinics Segment is Expected to Dominate the Market over the Forecast Period

  • Based on end user, it is segmented into hospitals/clinics and ambulatory surgical centers. The factors attributing to the dominance of this segment are a larger patient pool, enhanced healthcare infrastructure across the world, availability of skilled technicians, and affordability. 
  • The rise in patient pool, due to substantial growth in the geriatric population suffering from lifestyle diseases, such as atherosclerosis and heart failure, is expected to enhance revenue generations of the segment. Hence, the high accessibility and affordability of hospitals and clinics are expected to attract a large patient population. These factors are expected to fuel the market growth during the forecast period.
Micro Guide Catheter Market 1

North America is Expected to Maintain Largest Share in the Market Studied

  • The micro guide catheter market holds the largest share in the North American region, due to proper infrastructure and increasing patient compliance with the new technologically advanced treatment. The rapid increase in the patient pool in the United States tends to increase the demand for these catheters. 
  • According to the Health Library, it is estimated that about 84 million people in the United States suffer from some form of cardiovascular disease, causing about 2,200 deaths a day, averaging one death every 40 seconds. Furthermore, the high volume of medical procedures is carried out through catheterization in the United States each year, and the early adoption of the technology in the geographical region is expected to drive market growth.
Micro Guide Catheter Market 2

Competitive Landscape

The global players in the micro guide catheter market are Asahi Intecc Co. Ltd, Boston Scientific Corporation, Cardinal Health Inc., Cook Group Incorporated, Integer Holdings Corporation, Medtronic PLC, Merit Medical Systems, and Terumo Corporation.

Micro Guide Catheter Market - 2

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Burden of Cardiac and Neurovascular Disorders

      2. 4.2.2 Increase in Adoption of Minimally Invasive Surgeries

      3. 4.2.3 Increasing Geriatric Population

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Skilled Physicians

      2. 4.3.2 Product Recalls

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Over-the-wire

      2. 5.1.2 Flow-directed

    2. 5.2 By Application

      1. 5.2.1 Cardiovascular

      2. 5.2.2 Neurovascular

      3. 5.2.3 Other Applications

    3. 5.3 By End User

      1. 5.3.1 Hospitals/Clinics

      2. 5.3.2 Ambulatory Surgical Centers

    4. 5.4 By Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Asahi Intecc Co. Ltd

      2. 6.1.2 Boston Scientific Corporation

      3. 6.1.3 Cardinal Health Inc.

      4. 6.1.4 Cook Group Incorporated

      5. 6.1.5 Integer Holdings Corporation

      6. 6.1.6 Medtronic PLC

      7. 6.1.7 Merit Medical Systems

      8. 6.1.8 Terumo Corporation

      9. 6.1.9 Teleflex Incorporated

      2. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Micro Guide Catheter Market market is studied from 2018 - 2026.

The Micro Guide Catheter Market is growing at a CAGR of 7.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Boston Scientific Corporation, Medtronic PLC, Merit Medical Systems, Terumo Corporation, Cardinal Health Inc. are the major companies operating in Micro Guide Catheter Market.

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