Micro Guide Catheter Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Micro Guide Catheter Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The micro guide catheter market is expected to witness robust growth due to the sedentary lifestyle of people who are more prone to cardiovascular diseases or other diseases.

In minimally invasive surgery, doctors use various methods to operate with minimal damage to the body instead of traditional open surgery. Generally, minimally invasive surgery is associated with less pain, a shorter hospital stay, and fewer complications. By developing integrated solutions, minimally invasive procedures are beginning to replace traditional surgical care in other medical domains, such as in oncology and cardiology.

Minimally invasive surgery, with the help of micro guided catheters, can treat arterial, venal, and vascular bypass grafts. The demand for this surgery is increasing at a very high rate, due to several factors that include a higher accuracy rate, with relatively lower pain and fewer infections. The risks associated with this treatment are quite lower, increasing patient preferences, thereby, driving the micro guide catheter market.

Key Market TrendsHospital/Clinics Segment is Expected to Dominate the Market over the Forecast Period
  • Based on end user, it is segmented into hospitals/clinics and ambulatory surgical centers. The factors attributing to the dominance of this segment are a larger patient pool, enhanced healthcare infrastructure across the world, availability of skilled technicians, and affordability.
  • The rise in patient pool, due to substantial growth in the geriatric population suffering from lifestyle diseases, such as atherosclerosis and heart failure, is expected to enhance revenue generations of the segment. Hence, the high accessibility and affordability of hospitals and clinics are expected to attract a large patient population. These factors are expected to fuel the market growth during the forecast period.
North America is Expected to Maintain Largest Share in the Market Studied
  • The micro guide catheter market holds the largest share in the North American region, due to proper infrastructure and increasing patient compliance with the new technologically advanced treatment. The rapid increase in the patient pool in the United States tends to increase the demand for these catheters.
  • According to the Health Library, it is estimated that about 84 million people in the United States suffer from some form of cardiovascular disease, causing about 2,200 deaths a day, averaging one death every 40 seconds. Furthermore, the high volume of medical procedures is carried out through catheterization in the United States each year, and the early adoption of the technology in the geographical region is expected to drive market growth.
Competitive Landscape

The global players in the micro guide catheter market are Asahi Intecc Co. Ltd, Boston Scientific Corporation, Cardinal Health Inc., Cook Group Incorporated, Integer Holdings Corporation, Medtronic PLC, Merit Medical Systems, and Terumo Corporation.

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Companies Mentioned

Asahi Intecc Co. Ltd
Boston Scientific Corporation
Cardinal Health Inc.
Cook Group Incorporated
Integer Holdings Corporation
Medtronic PLC
Merit Medical Systems
Terumo Corporation
Teleflex Incorporated

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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Burden of Cardiac and Neurovascular Disorders
4.2.2 Increase in Adoption of Minimally Invasive Surgeries
4.2.3 Increasing Geriatric Population
4.3 Market Restraints
4.3.1 Lack of Skilled Physicians
4.3.2 Product Recalls
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 By Product
5.1.1 Over-the-wire
5.1.2 Flow-directed
5.2 By Application
5.2.1 Cardiovascular
5.2.2 Neurovascular
5.2.3 Other Applications
5.3 By End User
5.3.1 Hospitals/Clinics
5.3.2 Ambulatory Surgical Centers
5.4 By Geography
5.4.1 North America United States Canada Mexico
5.4.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
5.4.3 Asia Pacific China Japan India Australia South Korea Rest of Asia Pacific
5.4.4 Middle-East and Africa GCC South Africa Rest of Middle-East and Africa
5.4.5 South America Brazil Argentina Rest of South America
6.1 Company Profiles
6.1.1 Asahi Intecc Co. Ltd
6.1.2 Boston Scientific Corporation
6.1.3 Cardinal Health Inc.
6.1.4 Cook Group Incorporated
6.1.5 Integer Holdings Corporation
6.1.6 Medtronic PLC
6.1.7 Merit Medical Systems
6.1.8 Terumo Corporation
6.1.9 Teleflex Incorporated

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