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Microcatheters Market Trends

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

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.
     
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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