New York, NY -- (SBWIRE) -- 06/28/2019 -- Microcatheters Market: Overview
The Microcatheters market was estimated to be over US$ 680 Mn in 2018. It is anticipated to grow at a substantial CAGR from 2019 to 2030.In medical terms a catheter is a thin tube made up of medical grade material which serves broad range of functions. Catheters are medical devices which are inserted directly into body to treat diseases or during performing of small surgical procedures. By using various materials in the productions of catheters, they can be easily modified for cardiovascular, urological, gastrointestinal, neurovascular and ophthalmic applications.
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Micro-catheters are basically small thin walled catheters which double down as a receiving agent which are used in minimally invasive surgeries. Micro-catheters are ideal for navigating the vast network of tiny veins. Micro catheters are usually classified under 6 French (FR) while catheters used in neurovascular surgeries can run as small as 2.3 FR. Micro catheters are generally used in applications where the use of catheters is not applicable or not probable.The micro catheters are available in various types such as diagnostics microcatheters, delivery microcatheters, aspiration microcatheters and steerable microcatheters.
Microcatheters Market: Regional outlook
The region wise segmentation of the global micro catheters market can be done into the Asia Pacific, North America, Europe, and the Rest of the World (ROW). The micro catheters market was dominated by North America, followed by Europe and the Asia Pacific. The North American region will continue to hold the largest market share of the market due to the high number of target procedures performed in the region coupled with presence of large patient pool, the presence of a well-established healthcare system, and the on-going investments by healthcare institutions. The Asia Pacific region, however, is likely to display the highest CAGR, and the growth in this region would be centered at Japan, China, and India. This growth can be credited to factors such as the procedural benefits offered by microcatheters during critical cardiac surgeries,the highly advanced hospital infrastructure and the increase in medical tourism.
Over the years, the growth in targeted patient population suffering from neurovascular disorders, cardiovascular diseases and cancer has played a vital role in contributing to the growth of the global microcatheters industry. Moreover, increasing number of microcatheter-assisted clinical research studies in several countries, namely India, China and other developing countries have emerged as essential contributors to global microcatheters market. Procedural benefits offered by microcatheters during critical cardiac surgeries, with availability of advanced technology has been a major driver for the global market, which is further anticipated to grow in the coming years.
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