Rising Concerns in Chronic Total Occlusions Create Rife Opportunities in Microcatheter Market, Fuel Adoption
Innovations and FDA approval remain primary growth churners in global microcatheter market. Microcatheter finds ample adoption to aid appropriate management of conditions such as chronic total occlusion and percutaneous coronary intervention. Adroit Market Research has announced the addition of a new business intelligence report to identify new market developments and attain the exact pulse of the market that influence further growth scope. The global microcatheters market was valued at USD 1,656.2 million in 2019 and is expected to grow at a CAGR of 4.2% over the forecast period.
Market participants in microcatheter market are investing towards improved capacities inclusive of deformation resistance and ease of deliverability. In terms of technological innovations, novel features introduced support guidewire during chronic total occlusion and percutaneous coronary intervention.
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Advances in Image-based Diagnostics and Therapeutics Coupled with Rise in Minimally Invasive Practices to Stoke Growth
FDA approvals play crucial roles in commercialization of advanced microcatheters market. Global microcatheter space is significantly influenced by technological interventions such and appropriate FDA approvals for new offerings.
The recent FDA approval for non-tapered metal alloy catheter platform is a vital development improving growth roadmap in microcatheters market. Echoing ongoing technological milestones in microcatheters space, US based Transit Scientific has announced the successful FDA approval for XO Cross microcatheter platform to support activities in peripheral vasculature.
North America to Sustain Lion’s Share in Revenue Profits, APAC to Follow Suit
Growing burden of complex ailments such as cardiovascular ailments, neurovascular conditions as well as significant rise in cancer occurrences are anticipated to rave up growth in microcatheters market. Above mentioned therapeutics currently involve minimally invasive practices that are highly dependent on microcatheters adoption, thus stoking growth in global microcatheters market.
Matured Economies such as North America anticipated to sustain lion’s share in terms of growth and revenue generation. However, APAC countries also pose impressive competitive edge backed by long patient pools, improved healthcare spending as well as large scale presence of chronic ailments.
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Key players serving the global Microcatheters market include Medtronic, Stryker, BD, Boston Scientific Corporation, B. Braun Melsungen AG, Teleflex Incorporated, Terumo Medical Corporation, Penumbra, Inc., AngioDynamics, Koninklijke Philips N.V. among other prominent players.
Key segments of the global Microcatheters market
Type Overview, 2018-2028 (USD Million)
Delivery
Diagnosis
Aspiration
Steerable
Design Overview, 2018-2028 (USD Million)
Single-Lumen
Dual-Lumen
Application Overview, 2018-2028 (USD Million)
Cardiovascular
Neurovascular
Peripheral Vascular
Oncology
Urology
Others
End-User Overview, 2018-2028 (USD Million)
Hospitals Surgical Centers
Ambulatory Care Centers
Regional Overview, 2018-2028 (USD Million)
North America
Europe
Asia Pacific
South America
Middle East & Africa
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