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Microcatheters Market Size

  • Report ID: GMI3572
  • Published Date: Sep 2024
  • Report Format: PDF

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.
 

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The microcatheters industry size was valued at USD 985.5 million in 2023 and is expected to exhibit 5.1% CAGR from 2024

The steerable microcatheter industry size is expected to 5.3% CAGR through 2032 owing to enhanced success rates and reduced procedural time as compared to standard microcatheters.

The microcatheters market from the hospitals & clinics end-use segment is anticipated to reach USD 985.2 million by 2032 as they are typically well-equipped with advanced medical infrastructure.

North America microcatheters industry accounted for USD 331.4 million in revenue in 2023 owing to the growing prevalence of neurovascular and cardiovascular diseases, along with the increasing number of percutaneous coronary intervention procedures in the region.

Microcatheters Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 150
  • Countries covered: 23
  • Pages: 100
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