Microcatheters Market By Product (Delivery Microcatheters, Diagnostic Microcatheters, Aspiration Microcatheters, Steerable Microcatheters), Design (Single Lumen, Dual Lumen), Application (Cardiovascular, Neurovascular), End-use & Forecast, 2024 – 2032

Microcatheters Market Size

Microcatheters Market size was valued at USD 985.5 million in 2023 and is expected to exhibit growth at a CAGR of 5.1% from 2024 to 2032. The market is experiencing significant growth, driven by increasing demand for minimally invasive surgical procedures and advancements in catheter technology.
 

One of the key trends in this market is the growing adoption of microcatheters in neurovascular interventions. With an increasing incidence of neurovascular diseases such as stroke and aneurysms, there is a rising need for precise and effective devices for treatment. For instance, microcatheters are widely used in coiling procedures for aneurysms and in thrombectomy for stroke, where their small diameter and flexibility allow for better navigation through complex vascular structures.
 

Another notable trend is the expansion of microcatheter applications in peripheral vascular and coronary interventions. Innovations in catheter design, such as dual-lumen and braided microcatheters, enhance the deliverability of therapeutic agents and devices, leading to improved procedural outcomes. Companies like Boston Scientific and Medtronic are actively developing new products to address these needs. For example, Boston Scientific's Direxion Torqueable Microcatheter offers excellent torque response, which aids in accessing challenging lesions, and has been increasingly utilized in peripheral embolization procedures. The market is also seeing a surge in the use of microcatheters in oncology, particularly for transarterial chemoembolization (TACE) procedures, which deliver chemotherapy directly to the tumor site, minimizing systemic exposure. Additionally, the growing geriatric population, which is more susceptible to chronic diseases requiring such interventions, is further propelling market demand.
 

Microcatheters are specialized, small-diameter catheters designed for navigating the intricate and delicate vascular pathways of the body, particularly in minimally invasive procedures. With diameters typically ranging from 0.70 to 2.0 French (Fr), these devices are primarily used in interventional radiology, neurovascular, and cardiovascular procedures. Their flexibility and ability to be maneuvered through tight and complex blood vessels make them essential for accessing hard-to-reach areas, such as the brain or coronary arteries. Microcatheters are often employed to deliver therapeutic agents, such as embolic materials or medications, and to facilitate the placement of other devices like stents or coils.
 

Microcatheters Market Trends

The growing number of minimally invasive surgical procedures is a major driver for the expansion of the market. Minimally invasive surgeries (MIS) have become increasingly popular due to their numerous benefits over traditional open surgeries, including reduced recovery times, lower risk of complications, decreased pain and scarring, and shorter hospital stays. As a result, there has been a significant shift towards these procedures across various medical specialties, including neurology, cardiology, oncology, and peripheral vascular treatments.
 

• Microcatheters are integral to these minimally invasive procedures because of their ability to navigate the complex and delicate vasculature of the body, enabling precise delivery of therapeutic agents or devices to targeted areas.
   
• In neurology, for instance, microcatheters are used extensively in neurovascular interventions such as endovascular coiling for cerebral aneurysms and thrombectomy for ischemic stroke. These procedures require the microcatheter’s ability to navigate through the intricate cerebral vasculature to deliver coils or retrieve clots effectively. The rising incidence of neurological conditions, such as strokes and aneurysms, coupled with the preference for minimally invasive treatments, has led to a surge in demand for neurovascular microcatheters. Companies like Stryker have developed advanced microcatheters, such as the Excelsior, designed specifically for these complex procedures, providing enhanced flexibility, trackability, and support.
   
• Similarly, in cardiology, the increased adoption of minimally invasive procedures like transcatheter heart valve replacement and percutaneous coronary intervention (PCI) has driven the demand for microcatheters. These procedures require precise navigation through coronary arteries, often occluded or narrowed, to place stents or valves.
   
• Overall, the growing preference for minimally invasive procedures across multiple medical disciplines is significantly driving the market, as these devices are critical for the success and advancement of these innovative surgical techniques.
   

Microcatheters Market Analysis

Based on product, the market is segmented into delivery microcatheter, diagnostic microcatheter, aspiration microcatheter, and steerable microcatheter. The steerable segment is anticipated to witness the fastest growth at 5.3% CAGR over the projection timeframe.
 

• Increasing utilization of steerable microcatheters in cardiovascular angiography is owing to enhanced success rates and reduced procedural time as compared to standard microcatheters. The real-time ability to change the degree of angulation of the tip of the steerable microcatheter has the potential to increase the efficiency of super-selective vessel cannulation.
   
• Further, the continuous development of more effective, user-friendly, and advanced technology-enabled devices that provide several benefits during surgical interventions will boost the segmental adoption rate. Hence, owing to these attributes, the industry is anticipated to witness lucrative growth in the coming years.
   

Based on design, the microcatheters market is bifurcated into single lumen microcatheter and dual lumen microcatheter. The dual lumen microcatheters segment garnered around USD 558.9 million revenue in 2023 and is expected to foresee a healthy growth trend over the analysis timeline.
 

• The high revenue growth is owing to numerous advantages, including easy access to the procedural site.
   
• In addition, the significant adoption of dual lumen microcatheters in developing markets, coupled with the rising prevalence of chronic disorders such as neurovascular, oncology, and cardiovascular, among others will further propel market growth. Hence, all the above-mentioned factors will fuel the dual lumen market over the forecast period.
   

Based on application, the microcatheters market is categorized into cardiovascular, neurovascular, peripheral vascular, oncology, and other applications. The cardiovascular segment held major share in the market and accounted for around USD 401.2 million in 2023.
 

• This is primarily attributable to the growing incidence rate of cardiovascular disorders (CVDs) across the world. For instance, as per the World Health Organization (WHO), cardiovascular diseases are the leading cause of death globally and it represents more than 30% of total deaths worldwide.
   
• Moreover, unhealthy lifestyles, tobacco consumption, and obesity are other factors that lead to cardiovascular diseases. Thus, the increasing prevalence rate of CVDs around the world will stimulate segmental progression during the forecast period. Hence, the afore-mentioned pointers are projected to spur the product demand over the forecast period.
   

Based on end-use, the microcatheters market is segmented into hospitals & clinics and ambulatory surgical centers. The hospitals & clinics segment dominated the market in 2023 and is anticipated to reach USD 985.2 million by the end of forecast period.
 

• Hospitals and clinics are typically well-equipped with advanced medical infrastructure, allowing them to perform complex and minimally invasive procedures that require microcatheters. These institutions have specialized departments, such as interventional radiology and cardiology, that frequently utilize microcatheters for neurovascular, cardiovascular, and oncological interventions.
   
• Additionally, hospitals often serve as primary referral centers for severe or complicated cases, driving a higher volume of procedures requiring microcatheters. The availability of skilled healthcare professionals, including interventional radiologists and cardiologists, further supports the adoption of microcatheters in hospitals.
   
• Moreover, hospitals benefit from more substantial budgets and better access to cutting-edge technologies, enabling them to invest in high-quality microcatheters and related equipment. The increasing incidence of chronic diseases and the growing preference for minimally invasive procedures are also contributing to the expanding use of microcatheters in hospitals and clinics.
   

North America microcatheters market accounted for USD 331.4 million market revenue in 2023.
 

• This high revenue share is owing to the growing prevalence of neurovascular and cardiovascular diseases, along with the increasing number of percutaneous coronary intervention procedures in the region.
   
• In addition, the surge in government initiatives, well-established healthcare facilities in the region, and availability and accessibility of technologically advanced products are some of the other attributes that are propelling market growth. Hence, all the above-mentioned factors are driving the minimally invasive procedures across the region that will in turn boost the market growth positively.
   

U.S. microcatheters market accounted for USD 309 million market revenue in 2023 and is estimated to hold substantial share between 2024 – 2032 period.
 

• The presence of major companies like Stryker Corporation and Boston Scientific Corporation, along with the rising prevalence of chronic conditions such as cardiovascular and neurovascular disorders, as well as cancer, is fueling market growth.
   
• According to the International Agency for Research on Cancer, the number of cancer cases in the U.S. is projected to grow from 2.3 million in 2020 to 2.7 million by 2030. This increase is likely to boost the demand for microcatheters, which are widely used in various surgical procedures.
   

U.K. microcatheters market is projected to grow remarkably in the coming years.
 

• The U.K. market is driven by several key factors, including the increasing prevalence of chronic diseases such as cardiovascular disorders, neurovascular conditions, and cancer. With an aging population, the demand for minimally invasive procedures is rising, as these offer reduced recovery times and fewer complications compared to traditional surgeries. The U.K.’s advanced healthcare infrastructure and widespread adoption of cutting-edge medical technologies further contribute to the market's growth.
   
• Additionally, government initiatives and investments aimed at improving healthcare services and facilities play a significant role in boosting the use of microcatheters in the country.
   
• The presence of leading medical device manufacturers and a robust regulatory framework that ensures the safety and efficacy of medical devices also enhance the market's expansion. Overall, these drivers are contributing to the growing adoption of microcatheters across various medical fields in the U.K., particularly in hospitals and specialized clinics.
   

China holds a dominant position in the Asia Pacific microcatheters market.
 

• This can be attributed to factors such as the fast-growing healthcare sector, expanding medical infrastructure, and a substantial patient base. According to BioMed central, 40% of deaths in China are linked to cardiovascular disorders.
   
• Additionally, the high rates of cholesterol, hypertension, and type 2 diabetes in the country are projected to raise the number of deaths from cardiovascular diseases to 7.7 million by 2030.
   
• As a result, the widespread prevalence of cardiovascular diseases is likely to increase the demand for products used in cardiac treatments, thereby driving market growth over the forecast period.
   

Microcatheters Market Share

The market is characterized by the presence of several prominent players, each striving to enhance their market share through product innovation, strategic acquisitions, and collaborations. Companies such as Stryker Corporation, Boston Scientific Corporation, and Medtronic hold significant shares in the market due to their comprehensive portfolios of microcatheters and strong global distribution networks.
 

These companies focus on developing advanced microcatheter technologies that offer improved navigation, flexibility, and safety, catering to the growing demand for minimally invasive procedures. The competitive landscape is further shaped by continuous research and development efforts, strategic partnerships, and the expansion of product lines. As a result, the market is expected to see increased consolidation, with key players strengthening their positions and smaller companies seeking to carve out niches in specialized areas.
 

Microcatheters Market Companies

Prominent players operating in the Microcatheters industry include:

• Acrostak
• Asahi Intecc USA, Inc (Asahi Intec co. ltd.)
• Boston Scientific Corporation
• Cardiovascular Systems, Inc (Abbott Laboratories, Inc.)
• Cook Medical
• Embolx, Inc.
• Integer Holdings Corporation
• Medtronic plc
• Merit Medical System, Inc.
• Penumbra, Inc.
• Reflow Medical, Inc.
• Stryker Corporation
• Teleflex Corporation
• Terumo Corporation
• Transit Scientific
   

Microcatheters Industry News:

• In November 2023, Transit Scientific secured FDA 510(k) clearance for its XO Cath microcatheter, engineered to deliver embolic agents with precision during endovascular procedures. Crafted from a metal alloy, this microcatheter offers enhanced trackability and torque response, significantly improving treatment outcomes.
   
• In October 2023, Merit Medical Systems, Inc. expanded its portfolio of microcatheter products, enhancing service availability across diverse geographic regions and solidifying its market position.
   

The microcatheters market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:

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Market, By Product

• Delivery microcatheters
• Diagnostic microcatheters
• Aspiration microcatheters
• Steerable microcatheters

Market, By Design

• Single lumen microcatheters
• Dual lumen microcatheters

Market, By Application

• Cardiovascular
• Neurovascular
• Peripheral vascular
• Oncology
• Other applications

Market, By End-use

• Hospitals and clinics
• Ambulatory surgical centers

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa