Microcatheters are small in diameter which is used in minimally invasive applications. They are flexible and are inserted into the vessel or body cavity which allows in the drainage of fluids or gases with the help of different surgical instruments. Blood pressure can be measured by microcatheters by placing them in a vein or artery.

Microcatheters are regularly used to depict the finical wall. These little catheters are perfect for exploring the immense system of modest veins found inside the body. These small catheters are ideally used for navigating a vast network of tiny veins found within the body. Micro-catheters are commonly found throughout the medical device and healthcare industries. Companies are constantly developing and marketing their products to meet the demand in the global market by various physicians and healthcare providers which can design and manufacture an advanced device.

Market scope and structure analysis:

COVID-19 scenario analysis:

To take care of the infected population the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With a rise in the number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil populations for precautionary measures. Manufacturers of these products have a chance to capitalize on this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market.

Owing to such factors, COVID 19 is expected to have a significant impact on microcatheters market.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The target patient population i.e. people suffering from neurovascular disorders, cardiovascular diseases, and cancer, rising adoption of minimally invasive surgical procedures, and the increase in the number of

microcatheters-assisted clinical research studies are the major driving factors of the microcatheters market.

We are also observing a rise in the number of research institutes globally which are setting up growth opportunities for the market. Governments are also taking various initiative steps in launching various schemes which is increasing the demand of the market. Along with this, governments are also endorsing enhanced facilities, increasing vital joint efforts alongside mergers and acquisitions, solid product pipeline, and expanding usage of microcatheters.

Moreover, there is a significant rise in the capital income in developed countries strengthen the demand of microcatheters in the market.

On the other hand, the treatment procedure cost is too expensive and cannot be afforded by middle and lower class people which restricting the demand of the market. Also, there is a lack of skilled physicians in performing these tasks using the latest technology and this big challenging factor for the market. Additionally, strict administrative prerequisites and product reviews are hampering the growth as well.

New product launches and acquisitions to flourish the market:

• On Nov 14th 2018, Asahi Intecc Co., Ltd., and Medtronic plc entered into a partnership agreement to distribute Asahi Intecc’s Neurovascular Guidewire and catheter in the US market.
• OnFebruary 6th, 2017, Merit Medical Systems, Inc. acquired products from Argon Medical Devices and Catheter Connections, Inc.
• On November4th,2016, Merit Medical Systems, Inc. Received the U.S.FDA’s clearance for the SwiftNINJA Steerable Microcatheters.
• On January 26th, 2015, Medtronic acquired Covidien which helped them strengthen their interventional product portfolio. The company is also expanding its Research and development capabilities to aid product development and commercialization across major and emerging markets.

Surge in usage hospital applications:

Hospitals are developing at a considerably higher rate in the past few years and they are expected to carry on with the same growth rate in the next few years. There has also been an increase in demand for targeted therapies. In 2018, the hospitals, specialty clinics, surgical centers had the largest market share due to their growth in emerging countries.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the global microcatheters industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global microcatheters market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global microcatheters market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global microcatheters market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Microcatheters Market research report:

• What are the leading market players active in the microcatheters market?
• What the current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Key Market Segments

 
Key Market Players

• Boston Scientific Corporation
• Medtronic Plc
• Terumo Corporation
• Asahi Intecc Co., Ltd.
• Merit Medical Systems, Inc.
• Teleflex Incorporated
• Johnson and Johnson
• Stryker Corporation
• Cook Group Incorporated
• Cardinal Health, Inc.