Microcatheters Market - Anticipated to Grow at a CAGR of 7.8% from 2019 to 2030

Market Industry Reports (MIR) has published a new report titled “Global Microcatheters Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global microcatheters market is estimated to be US$ 222.3 Mn in 2019. It is anticipated to grow at a CAGR of 7.8% from 2019 to 2030.

The growth of the microcatheters market can be attributed to several factors such as growing target patient population of cardiovascular diseases, neurovascular disorders, and cancer, growing number of Ambulatory Care Centers & Office Based Labs (OBL) and increasing focus on R&D by Key Players.

Get FREE Sample Copy with TOC to understand the structure of the complete report @ https://www.marketindustryreports.com/pdf/101 

Moreover, improved hospital infrastructure in developed countries, rise in medical tourism and increase in advantages of minimally invasive procedures are expected to drive the microcatheter market during the forecast period. To obtain better insights regarding the market scenario prominent players are increasingly focusing on collaborative initiatives and various product launches. For instance, Merit Medical Systems, Inc. launched Merit Pursue Microcatheter, a small distal microcatheter designed for pushability and trackability through small and tortuous vessels.

Asia Pacific is expected to witness fastest growth during the forecast period. The high growth of this region can be attributed to factors such as presence of large patient pool, increasing healthcare infrastructure in Asian countries, increasing medical tourism and rising prevalence of several diseases. China commanded the largest share in the Asia-Pacific microcatheters market in 2018. There is a large population suffering from CVD, which is contributing to highest CVD death rates in the world, as CVD accounts for 45% of the over deaths in this region. Emerging markets such as India, China, South Korea and Japan are expected to drive the Asia-Pacific microcatheters market during the forecast period.

The prominent players in the global microcatheters market are ASAHI INTECC CO., LTD., Boston Scientific Corporation, BTG International Ltd., DePuy Synthes (Johnson & Johnson Services, Inc.), Medtronic, Merit Medical Systems, Penumbra, Inc, Stryker, Teleflex Incorporated and Terumo Medical Corporation.


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