Boston Scientific Corporation, Cardinal Health, and Medtronic have been the leaders in the global micro guide catheters market for 2015. Their collective share of 50.3% in the global micro guide catheters market in terms of value is a part of a highly consolidated market, where the globally prominent entities hold the higher stakes and control.
As stated by Transparency Market Research, the competitive edge in the global micro guide catheters market is expected to remain fairly sharp over the coming years, due to the presence of a large number of globally prominent players in all key geographies of the market. The threat of new entrants on the other hand is likely to remain very low due to the cost and proprietary nature of technology that key players already hold. The global micro guide catheter market is projected to expand at a CAGR of 7.5% from 2016 to 2024 to reach US$242.0 mn by the end of 2024. The market was also calculated to reach US$136.3 mn at the end of 2016.