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The global microcatheter market size reached a value of approximately USD 792.9 million in 2022. The market is expected to grow at a CAGR of 4.50% between 2023 and 2028, reaching a value of USD 1032.54 million by 2028.
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A microcatheter is a small sized catheter that is used to access distal anatomy, deliver therapeutic embolic, support guidewires, cross lesions, exchanges, inject contrast media, and to perform several other procedures during complex endovascular processes. The specific shape and size may vary depending upon the application. Microcatheters are considered to be more flexible and better at tracking than over-the-wire balloons.
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Based on product, the market is segmented into delivery microcatheters, aspiration microcatheters, diagnostic microcatheters, and steerable microcatheters. On the basis of design, the market is bifurcated into single-lumen microcatheters and dual-lumen microcatheters. By application, the market is divided into cardiovascular, neurovascular, peripheral vascular, oncological, urological, and otolaryngological, among others. Based on end-use, the market is segmented into hospitals, surgical centres, and speciality clinics, and ambulatory surgical centres. The regional markets for the microcatheters are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global microcatheter market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Dual-lumen microcatheters holds a significant share in the microcatheter market by design and are expected to witness fast growth in the forecast period as well owing to their advantages such as provision of easy access to the procedural site. They are capable of infusing more than one drug or analgesic at the same time which is preferred over multiple perfusions. Dual-lumen microcatheters are also used for interventional cardiology procedures all around the globe owing to the benefitting applications in neurovascular and cardiovascular health conditions. Additionally, their usage in interventional cardiology procedures have also increased worldwide.
North America accounts for a major share in the microcatheter market owing to the availability of well-established healthcare facilities along with growing incidences of heart stroke and heart diseases in the region. Governments in North America are taking several initiatives and organising various campaigns to spread awareness regarding chronic health conditions. Availability of technologically advanced products in the market is yet another factor driving the popularity of microcatheters in the North America region. Additionally, the increased preference of minimally invasive procedures by the population is further enhancing the growth of the market in the region.
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Medtronic Plc is a medical device company established in 1949 with legal headquarters in Dublin, Ireland and executive and operational headquarters in Minnesota, United States. The company provides medical services, technology, and solutions to healthcare facilities worldwide. Their products include revolutionary cardiac devices such as miniature pacemakers and battery powered pacemakers.
Teleflex Incorporated is a medical device company that specialises in developing medical devices for procedures ranging from critical care to surgery. The company was founded in 1943 and is based in Pennsylvania, United States. They design, develop, manufacture, and supply disposable medical technological products to consumers all across the globe.
Penumbra, Inc. was established in 2004 with headquarters in California, United States. It is an American healthcare company that designs, manufactures, and markets novel medical devices for use in interventional therapies to treat vascular problems such as aneurysms and strokes. They believe in accepting challenges in terms of medical conditions with unmet needs and then providing solutions for them.
Other market players include Boston Scientific Corporation, Stryker Corporation, Merit Medical Systems, Inc., and Asahi Intecc Co., Ltd., among others.
REPORT FEATURES | DETAILS |
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Base Year | 2022 |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by Design |
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Breakup by Application |
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Breakup by End-Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Microcatheter Market Analysis
8.1 Key Industry Highlights
8.2 Global Microcatheter Historical Market (2018-2022)
8.3 Global Microcatheter Market Forecast (2023-2028)
8.4 Global Microcatheter Market by Product
8.4.1 Delivery Microcatheters
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Aspiration Microcatheters
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Diagnostic Microcatheters
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Steerable Microcatheters
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.5 Global Microcatheter Market by Design
8.5.1 Single-Lumen Microcatheters
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Dual-Lumen Microcatheters
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Microcatheter Market by Application
8.6.1 Cardiovascular
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Neurovascular
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Peripheral Vascular
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Oncological
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Urological
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Otolaryngological
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Others
8.7 Global Microcatheter Market by End-Use
8.7.1 Hospitals, Surgical Centres, and Speciality Clinics
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Ambulatory Surgical Centres
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.8 Global Microcatheter Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Microcatheter Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Microcatheter Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Microcatheter Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Microcatheter Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Microcatheter Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Medtronic Plc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Teleflex Incorporated
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Penumbra, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Boston Scientific Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Stryker Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Merit Medical Systems, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Asahi Intecc Co., Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Microcatheter Market: Key Industry Highlights, 2018 and 2028
2. Global Microcatheter Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Microcatheter Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Microcatheter Historical Market: Breakup by Product Design (USD Million), 2018-2022
5. Global Microcatheter Market Forecast: Breakup by Product Design (USD Million), 2023-2028
6. Global Microcatheter Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Microcatheter Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Microcatheter Historical Market: Breakup by End-Use (USD Million), 2018-2022
9. Global Microcatheter Market Forecast: Breakup by End-Use (USD Million), 2023-2028
10. Global Microcatheter Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Microcatheter Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Microcatheter Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Microcatheter Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Microcatheter Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Microcatheter Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Microcatheter Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Microcatheter Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Microcatheter Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Microcatheter Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Microcatheter Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Microcatheter Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global Microcatheter Market Structure
The market for microcatheters reached a value of around USD 792.9 million in 2022.
The market is expected to grow at a CAGR of 4.50% between 2023 and 2028.
The market size is expected to reach a value of USD 1032.54 million by 2028.
Major market drivers are improvements in healthcare infrastructure, growing technological advancements, and rising initiatives by various governments.
The key trends of the market are rising prevalence of chronic health conditions, growing popularity of minimally invasive procedures, and increased research and development activities.
A microcatheter is a type of catheter that is used for delivering therapeutic embolic, accessing distal anatomy, injecting contrast media, and for performing various other procedures during complex endovascular processes.
Microcatheters are considered to be better at tracking and more flexible than wire balloons.
The major applications of microcatheters in the market are cardiovascular, neurovascular, peripheral vascular, oncological, urological, and otolaryngological, among others.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key players in microcatheter market include Medtronic Plc, Teleflex Incorporated, Penumbra, Inc., Boston Scientific Corporation, Stryker Corporation, Merit Medical Systems Inc., and Asahi Intecc Co., Ltd., among others.
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