Micro guide catheters are specialized catheter systems that provide support and stability to interventional devices. Their fine and flexible design allows navigation through complex vasculature to access distal vessels during minimally invasive procedures. The increasing prevalence of cardiovascular diseases and peripheral vascular diseases worldwide is driving the demand for micro guide catheters for diagnosis and treatment.
The global micro guide catheters market is estimated to be valued at US$ 227.91 Mn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the micro guide catheters market are Zealand Pharma A/S, Eli Lilly and Company, Xeris Pharmaceuticals, Inc., Rezolute, Inc., Hanmi Pharm.Co., Ltd., Fresenius Kabi AG, Eiger BioPharmaceuticals.,Crinetics Pharmaceuticals, Inc., AmideBio,LLC, Jolly Healthcare, e5 Pharma,LLC, Merck & Co.,Inc., Novo Nordisk A/S, Amphaster Pharmaceuticals,Inc., USV Private Limited, Teva Pharmaceutical Industries Ltd.
Technological advancements leading to the development of innovative micro guide catheters with improved design and features provide key opportunities for companies. For example, micromachined guide catheters promote enhanced deliverability, optimized support and unmatched precision during intravascular procedures.
Major players are expanding globally through partnerships and mergers and acquisitions to strengthen their distribution networks and product portfolios. For instance, Merit Medical Systems acquired Best Vascular in 2021 to expand its product offerings in the peripheral vascular segment.
Market Drivers and Restraints
Rising Disease Burden: The growing prevalence of cardiovascular diseases, cerebrovascular diseases and peripheral artery diseases globally is a major factor boosting the demand for micro guide catheters for diagnosis and treatment procedures such as angiography and angioplasty.
Advanced Features: The development of technologically advanced micro guide catheters with improved design features such as distal flexibility, hydrophilic coating, active tip deflection etc. provide precise navigation through tortuous vessels and facilitate successful completion of minimally invasive procedures.
Lack of skilled Professionals: Specialized training is required to efficiently handle micro guide catheters during complex endovascular interventions. Shortage of skilled interventional radiologists and cardiologists may hamper the adoption of advanced micro guide catheters in hospitals of developing nations.
Segment Analysis
The micro guide catheters market demand is dominated by the coronary artery disease sub segment. Approximately one third of all the deaths globally occur due to coronary artery diseases. It is the single largest cause of mortality worldwide. The coronary artery disease sub segment holds the largest market share as micro guide catheters find extensive applications in treating conditions such as hypertension, hyperlipidemia etc. and performing procedures such as coronary angiography and balloon angioplasty.
Global Analysis
North America leads the micro guide catheters market with largest share. This can be attributed to the increasing healthcare expenditure and growing funding for research and development activities in the region. Additionally, rising geriatric population which is more prone to cardiovascular diseases contributes to the market growth. Asia Pacific is expected to witness fastest growth during the forecast period owing to growing medical tourism, rising patient awareness levels and improving healthcare infrastructure in emerging economies such as China and India. Factors such as increasing disposable incomes, growing obesity rates also support regional market growth.
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Global Micro Guide Catheters Market – OverviewIncreased development in diagnostic and minimally invasive therapies is pushing the development of micro guide catheters.
Market reports associated with the medical device industry have been made accessible by Market Research Future which produces reports on other industry verticals that summaries the recent market scenarios.
The market is projected to achieve CAGR of 8% in the forecast period.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/722The traction for micro guide catheters is gaining momentum currently as procedures that involve the use of minimally invasive device.
The market is boosted by the growing incidence of cardiovascular and urological diseases globally.
On the basis of end user, the micro guide catheters market consists of clinics, hospital, among others.
The accessibility to infrastructure and technology has provided a significant boost for the expansion of this market in the European and North American region.Competitive AnalysisThe market is at an optimally beneficial level and will be able of generating superior worth for the companies in the market and its shareholders.
