Micro Guide Catheters Market Research Report- Forecast to 2027

Micro Guide Catheters Market Research Report, by Types (Flow directed micro guide catheters and over the wire micro guide catheters), Application (Cardiovascular, Neurovascular, Urology and other), End user (Hospital, Clinics and others) and Region (North America, Europe, Asia Pacific and Middle East and Africa) - Forecast to 2027

ID: MRFR/MED/0251-HCR | August 2022 | Region: Global | 85 Pages         

1 INTRODUCTION

1.1 DEFINITION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS & LIMITATIONS

1.2.2.1 ASSUMPTIONS

1.2.2.2 LIMITATIONS

1.3 MARKET STRUCTURE:

2 RESEARCH METHODOLOGY

2.1 RESEARCH PROCESS:

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH:

3 MARKET DYNAMICS

3.1 DRIVERS

3.2 RESTRAINTS

3.3 OPPORTUNITIES

3.4 MACROECONOMIC INDICATORS

4 MARKET FACTOR ANALYSIS

4.1 PORTERS FIVE FORCES MODEL

4.2 BARGAINING POWER OF SUPPLIERS

4.3 BARGAINING POWER OF BUYERS

4.4 THREAT OF NEW ENTRANTS

4.5 THREAT OF SUBSTITUTES

4.6 INTENSITY OF RIVALRY

5. GLOBAL MICRO GUIDE CATHETERS MARKET, BY TYPES

5.1 FLOW DIRECTED MICRO GUIDE CATHETERS

5.2 OVER THE WIRE MICRO GUIDE CATHETERS

6. GLOBAL MICRO GUIDE CATHETERS MARKET, BY APPLICATION

6.1 CARDIOVASCULAR

6.2 NEUROVASCULAR

6.3 UROLOGY

6.4 OTHER

7. GLOBAL MICRO GUIDE CATHETERS MARKET, BY END USER

7.1 HOSPITAL

7.2 CLINICS

7.3 OTHERS

8. GLOBAL INSOMNIA MARKET, BY REGION

8.1 INTRODUCTION

8.2 NORTH AMERICA

8.2.1 US

8.2.2 CANADA

8.3 EUROPE

8.3.1 WESTERN EUROPE

8.3.1.1 GERMANY

8.3.1.2 FRANCE

8.3.1.3 ITALY

8.3.1.3 SPAIN

8.3.1.5 UK

8.3.1.6 REST OF WESTERN EUROPE

8.3.2 EASTERN EUROPE

8.4 ASIA

8.4.1 JAPAN

8.4.2 CHINA

8.4.3 INDIA

8.4.4 AUSTRALIA

8.4.5 REPUBLIC OF KOREA

8.5 REST OF ASIA-PACIFIC

8.6 MIDDLE EAST & AFRICA

9. COMPETITIVE LANDSCAPE

9.1 MAJOR STRATEGIES ADOPTED BY MARKET PLAYERS

9.1.1 STRATEGIC PARTNERSHIP

9.1.2 MERGER & ACQUISITION

10 COMPANY PROFILE

10.1 LUMEND CORPORATION.

10.1.1 OVERVIEW

10.1.2 PRODUCT OVERVIEW

10.1.3 FINANCIALS

10.1.4 KEY DEVELOPMENTS

10.2 TERUMO EUROPE N.V.

10.2.1 OVERVIEW

10.2.2 PRODUCT OVERVIEW

10.2.3 FINANCIALS

10.2.4 KEY DEVELOPMENTS

10.3 COVIDIEN AG

10.3.1 OVERVIEW

10.3.2 PRODUCT OVERVIEW

10.3.3 FINANCIALS

10.3.4 STRATEGY

10.3.5 KEY DEVELOPMENT

10.4 BOSTON SCIENTIFIC CORPORATION

10.4.1 OVERVIEW

10.4.2 PRODUCT OVERVIEW

10.4.3 FINANCIALS

10.4.4 KEY DEVELOPMENTS

10.5 VOLCANO CORPORATION

10.5.1 OVERVIEW

10.5.2 PRODUCT OVERVIEW

10.5.3 FINANCIALS

10.5.4 KEY DEVELOPMENTS

10.6 OTHERS

Micro Guide Catheters Market

Micro Guide Catheters Market is expected to register a CAGR of 5.69% with USD USD 78.2 Billion by 2030

Segmentation

By Type Micro Guide Catheters Over The Wire Micro Guide Catheters
By Application Neurovascular Urology Cardiovascular Others

Key Players

  • LuMend Corporation
  • Covidien AG
  • ASAHI INTECH Company Ltd
  • Terumo Europe N.V.
  • Volcano Corporation
  • BrosMed Medical
  • Cordis Corporation
  • Diasolve Ltd
  • Merit Medical System
  • ACIST Medical System

Drivers

  • Increasing incident of cardiovascular and urological diseases
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 Micro Guide Catheters Market Overview


The micro guide catheters market research report forecast state that catheters are medical device in a tube format and it is made up of high-grade materials. The catheters are considered to be inserted into the body of a human for treatment. According to the report analysis, the market states the historic view of the market size and it depicts the performance of the key players. Apart from that, the increase in the prevalence of cardiovascular as well as urological diseases attempts to drive the growth of the global market. Thus, the sedentary lifestyle along with the people with more susceptible to cardiovascular disease has been emerging in the market for expected growth. The CAGR rate of the Micro guide catheters market has been expected to have a rise at an annual rate of 7.63% within the forecast period of 2027. Due to a rise in the prevalence of incidents of cardiovascular as well as urological diseases, the market has been expecting greater growth. Further, the increase in the healthcare expenditure, the inclination towards less invasive surgeries, and its extensions have arisen profitable opportunities within the micro guide catheters market players.


Covid 19 Analysis OF Micro Guide Catheters Market


Due to the sudden outbreak of the covid 19 globally, the financial strength of the world had a huge downfall. Much of the markets have been adversely affected that severs the industries. Thus, the authentication of the data has been analysed to figure out the need of the device for the patients during the covid period and it has helped the researcher to focus on the implementation of the devices for greater use. The pandemic situation has also contributed towards the rate of the global micro guide catheter by the key team players. For instance, the adversity of the apps has an attempt to record the exposure of the Covid 19 situation for the patients. Therefore, the utility of advanced devices has leveled the incidence rate of urological disease. Further, these devices have been widely utilized in population management of the market of Global Micro Guide Catheters.


Micro Guide Catheters Market Dynamics



  • Drivers


One of the major driving factors of the micro guide catheters market attempts to launch the new products and it levitates the importance of the R&D amongst the major of the key players. Apart from that, an increase in the incidents of cardiovascular as well as urological disease has abruptly helped in the productivity of the devices.



  • Opportunities


In this section, the key market opportunity attempts to state the inability of skilled in-house resources and details the technical improvement of the market. It also details the new products and varieties in the products are launched. This mainly involved the authority to increase the growth of the market. This escalates the importance of the market growth of the Global micro guide catheters market.



  • Challenges


One of the most challenging factors that arose from the entire global micro guide catheters market tends to the component difficulties and it mainly includes the segment that has been dominated. Further, the devices and their increase in the price of the new varieties of the devices have been outsourced. Therefore, the services and that led to the complexities of the associated risks. In this situation, this market had a tremendous load of work and that demands the administration of the micro guide catheters market growth.



  • Restraints


The restraining factors emerging in this competitive market analyse the importance of global growth and its adoption for a variety of treatments. Further, the catheters that are inserted attempt to showcase that the increasing incident leads to cardiovascular as well as urological diseases. This also includes the associated risk such as the weakened of the materials causes of the factures. This enhances the increase in the cost of the surgery and its attempts to hamper the micro guide catheters market growth and its guidance.


Cumulative Analysis


The Compound Annual Growth Rate (CAGR) of the Global Micro Guide market is considered to grow at 7.63%. According, to the market growth the expansion is USD is in Million by the forecast period of 2021-2027. Hence, various drivers such as an increase in the incidents of the urological and cardiovascular market throughout the world.  The diverse usage and its production of other products have a positive impact on the growth of the market.


Value Chain Analysis


An increase in the emphasis on using the catheter device for a basic impact on the market positively. Also, the further growth of the initiatives by the government for the development and research has improved the value chain of the Global Micro Guide Catheter Market in the forthcoming years.


 


Micro guide catheters market is expected to grow at a CAGR of 8% during forecasted period of 2017- 2023


Micro Guide Catheters Market Segmentation


According to the market scenario, the overall segmentation of the market has been done and classified into the application, type, and by-product. Hence, based on application, the entire cardiovascular market and its disease segmentation have been based under the commanded 49% of the market share and its implication on the global market. Further, it expects to continue the dominance of the market over the period mentioned. The micro guide catheter has been extensively used and it focuses on the largest share of the segments in the global market of the catheter. Therefore, more than 1,00,000 cardiac catheterizations, procedures have been performed annually.


Based on type, the wire guide catheters have been expecting to have an account that leads to the market share. Hence, some of the key factors that arise to be responsible for the market have been segmented under the high success and its rate associated with the ultimate use of the wire and its micro guide catheters.


Based on the product type, the market analysis of the micro guide catheters states the implication of the product specifications and it mainly depicts the export and import, sales volume, and its revenue forecast. Therefore, the micro guide catheters market trend and its implication on the entire segmentation have been provided with global success.


Micro Guide Catheters Market Regional Analysis


In this section of regional basis, the Micro Guide catheters Market has been segmented into different regions such as North America, Asia-Pacific, Europe, and Africa. Thus, a high volume of medical procedures has been conducted through catheterization. North America has to make it in the largest market in the Global micro guide catheter. Apart from that, the availability of the infrastructure and its technology states the development of the market. On the other hand, this particular report attempts to provide the market with a clear picture and its current scenario includes the projected micro guide and its historical involvement as well. Therefore, the detailed report attempts to provide factual information and it also includes the strategies for enhancing the key players.


Micro Guide Catheters Market Competitive Landscape


The micro guide catheters market analysis entails the section which dedicates the major players responsible for the Global Micro guide catheters Market and its analyst focuses on the insights of the financial statements.


Thus, some of the major key players are :



  • LuMend Corporation

  • Covidien AG

  • ASAHI INTECH Company Ltd

  • Terumo Europe N.V.

  • Volcano Corporation

  • BrosMed Medical

  • Cordis Corporation

  • Diasolve Ltd

  • Merit Medical System

  • ACIST Medical System

  • Cool Medical Inc

  • Baylis Medical Medtronic


Recent Development



  • In July 2018, the Echonous has declared that it has received an FDA that cleared its EchoNous Vein. This ultrasonic device attempts to intend in developing the peripheral IV catheter replacement.

  • It also focuses on basic planning and it depicts the real-time, with clear time images and its depth for better visualization.


Report Overview


This micro guide catheters market report mainly includes all the details and it tends to initialize growth along with the better efficiency of the companies with particular management. It states that the driving factors have been interrupted due to the covid 19 situation. The entire analysis is based upon the Covid 19 analysis, regional analysis, micro guide catheters market overview, segmentation analysis, market dynamics and it mainly includes the challenges, opportunities, restraints, and drivers. Further, the competitive landscape and the other sections are been presented. Hence, all of the information, that micro guide catheters market has been collected is from the primary as well as the secondary sources.


Report Overview



  • Historic Period 2019-2021

  • Base Year 2021

  • Forecast period 2021-2027


By Geographically



  • North America

  • Europe

  • Asia

  • Another region of the world


Segmentation


By type



  • Micro guide catheters

  • Over the wire micro guide catheters


By Application



  • Neurovascular

  • Urology

  • Cardiovascular

  • Others


By Region



  • North America

  • Europe

  • Asia-pacific

  • Middle East

  • Africa



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   8% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Types, Application, End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   LuMend Corporation (US), Terumo Europe N.V. (Belgium), Covidien AG (Ireland), ASAHI INTECC Company Limited (Thailand),Boston Scientific Corporation (US), Volcano Corporation (US), Micro Therapeutics Inc. (India), Merit Medical Systems Inc (US), ACIST Medical Systems (US), Baylis Medical Medtronic (Canada), BrosMed Medical, Cordis Corporation (US), Cook Medical Inc. (US), Diasolve Ltd. (UK), Navilyst Medical Inc. (US).
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers   Increasing incident of cardiovascular and urological diseases


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