Microcatheters Market by Type (Delivery, Diagnosis, Aspiration, Steerable), Design (Single, Dual Lumen), Application (Cardiovascular, Neurovascular, Peripheral Vascular, Oncology, Urology), End-User (Hospital, Specialty Clinics) - Global Forecasts to 2024
[150 Pages Report] The global microcatheters market is projected to reach USD 924 Million by 2024 from USD 688 Million in 2018, at a CAGR of 5.0% from 2018 to 2024. The growth of this market is primarily driven by majorly driven by the growth in the target patient population (suffering from cardiovascular diseases, neurovascular disorders, and cancer), rising adoption of minimally invasive surgical procedures, and the increasing number of microcatheter-assisted clinical research studies.
By product type, the steerable microcatheter segment is expected to grow at the highest rate during the forecast period
Based on product type, the microcatheters market is segmented into delivery microcatheters, aspiration microcatheters, diagnostic microcatheters, and steerable microcatheters. The steerable microcatheters segment is expected to grow at fastest CAGR during forecast period owing to the growing number of image-guided and minimally invasive medical procedures across major countries, shift from manually operated devices towards robotically operated surgical platforms, rising prevalence of vascular diseases, and the procedural advantages associated with steerable microcatheters.
The liver cancer segment was the largest contributor to the microcatheters market, by cancer type in 2018
Based on cancer type, the microcatheters market is segmented into liver cancer, kidney cancer, lung cancer, bone cancer, and other cancers (includes pediatric cancer, prostate cancer, and breast cancer). The liver cancer segment accounted for the largest share in of the microcatheters market in 2018. The large share of this segment is attributed to factors such as rising cases of liver cancer across the globe and growing initiatives/research activities for developing advanced liver cancer therapies using microcatheters.
By end user, the hospitals, surgical centers, and specialty clinics segment was the largest contributor to the microcatheters market in 2018
Based on end users, the microcatheters market is segmented into hospitals, surgical centers, & specialty clinics; and ambulatory care centers. In 2018, the hospitals, surgical centers, & specialty clinics segment accounted for the largest market share majorly due to the growing number of hospitals and specialty clinics in emerging countries; increasing prevalence of target diseases; and large number of surgical and diagnostic procedures performed across these facilities.
Asia Pacific is expected to grow at the highest CAGR in the microcatheters market during the forecast period
North America is expected to account for largest share in the global microcatheters market in 2018. However, APAC is expected to grow at the highest CAGR during the forecast period. Emerging economies in the region such as India, China, and South Korea along with developed markets such as Japan and Australia are offering high-growth opportunities for market players in the field of microcatheters. This can be attributed to factors such as presence of a large patient pool, increasing prevalence & incidence of target diseases, growing healthcare infrastructure in Asian countries, and favorable government initiatives.
Key Market Players
The major players operating in the global microcatheters industry include Boston Scientific Corporation (US), Medtronic Plc (Ireland), Terumo Corporation (Japan), ASAHI INTECC CO., LTD. (Japan), MERIT MEDICAL SYSTEMS, INC. (US), Teleflex Incorporated (US), Johnson and Johnson (US), Stryker Corporation (US), Cook Group Incorporated (US), Cardinal Health, Inc. (US), Becton, Dickinson and Company (US), B. Braun Melsungen AG (Germany), AngioDynamics, Inc. (US), Penumbra (US), and BTG PLC (UK), among others. An analysis of the market developments between 2015 and 2019 revealed that several growth strategies such as product launches and enhancements, partnerships, collaborations, and strategic acquisitions were adopted by market players to strengthen their product portfolios and maintain a competitive position in the microcatheters market. Among these business strategies, acquisitions were the most widely adopted growth strategies by market players.
Medtronic Plc (Ireland) is one of the leading player in the microcatheters market. The company has a strong product portfolio for microcatheters and to strengthen its current position in the microcatheters market, Medtronic is focusing on inorganic business growth strategies such as acquisitions and expansions. In line with this strategy, Medtronic acquired Covidien at a value of USD 42.9 billion in 2015 to strengthen its interventional product portfolio. The company is also expanding its R&D capabilities to aid product development and commercialization across major and emerging markets. Medtronic has been investing significantly in strengthening its localized product development capabilities, particularly in emerging markets. It recently established R&D centers in Brazil and South Korea, enhancing its research capabilities and presence in the Asian & Latin American markets respectively.
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Report Metric |
Details |
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Market Size Available for Years |
20172024 |
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Base Year Considered |
2017 |
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Forecast Period |
20182024 |
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Forecast Units |
Value (USD) |
|
Segments Covered |
Product type, Product design, Application, End User, and Region |
|
Geographies Covered |
North America (US & Canada), Europe (Germany, France, UK, and RoE), APAC (Japan, China, India, and RoAPAC), and LATAM and MEA. |
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Companies Covered |
The major players in the market include Boston Scientific Corporation (US), Medtronic Plc (Ireland), Terumo Corporation (Japan), ASAHI INTECC CO., LTD. (Japan), MERIT MEDICAL SYSTEMS, INC. (US), Teleflex Incorporated (US), Johnson and Johnson (US), Stryker Corporation (US), Cook Group Incorporated (US), Cardinal Health, Inc. (US), Becton, Dickinson and Company (US), B. Braun Melsungen AG (Germany), AngioDynamics, Inc. (US), Penumbra (US), and BTG PLC (UK), among others. |
This research report categorizes the microcatheters market based on Product type, Product design, Application, End User, and Region.
Microcatheters Market, by Product Type
- Delivery Microcatheters
- Aspiration Microcatheters
- Diagnostic Microcatheters
- Steerable Microcatheters
Microcatheters Market, by Product Design
- Single-Lumen Microcatheters
- Dual-Lumen Microcatheters
Microcatheters Market, by Application
- Cardiovascular
- Neurovascular
- Peripheral Vascular
- Oncological
- Urological
- Otolaryngological
- Other Application
Microcatheters Market, by End User
- Hospitals, Surgical Centers, and Specialty Clinics
- Ambulatory Surgical Centers
Microcatheters Market, by Region
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- RoE
- Asia Pacific
- Japan
- China
- India
- RoAPAC
- Latin America
- Middle East and Africa
Recent Developments:
- In 2018, ASAHI INTECC CO., LTD. (Japan) entered in a partnership agreement with Medtronic plc to exclusively distribute Asahi Inteccs Neurovascular Guidewire and catheter in the US market.
- In 2017, Merit Medical Systems, Inc. (US) acquired products from Argon Medical Devices (US) and Catheter Connections, Inc. (US)
- In 2016, Merit Medical Systems, Inc. (US) received the US FDAs 510(k) clearance for the SwiftNINJA Steerable Microcatheter.
- In 2015, Merit Medical Systems, Inc. (US) acquired Covidien plc (US).
Key Questions Addressed by the Report:
- What are the growth opportunities related to the adoption of microcatheters across major regions in the future?
- Emerging countries have immense opportunities for the growth and adoption of microcatheters procedures. Will this scenario continue in the next five years?
- Where will all the advancements in products offered by various companies take the industry in the mid- to long-term?
- What are the major application areas of microcatheters? What are the potential applications offering growth to microcatheter manufacturers?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency Used for the Study
1.5 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Major Secondary Sources Referred
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Estimation Methodology
2.2.1 Revenue Mapping-Based Market Estimation
2.2.2 Usage-Based Market Estimation
2.2.3 Primary Research Validation
2.3 Data Triangulation Methodology
2.4 Research Assumptions
2.5 Research Limitations
3 Executive Summary (Page No. - 29)
4 Premium Insights (Page No. - 34)
4.1 Microcatheters: Market Overview
4.2 Microcatheters Market Share, By Product Type, 2018 vs 2024
4.3 Microcatheters Market Share, By Design, 2018 vs 2024
4.4 Microcatheters End Users Market, By Region, 2018 (USD Million)
4.5 Geographical Snapshot of the Microcatheters Market
5 Market Overview (Page No. - 38)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth in the Target Patient Population
5.2.1.2 Rising Adoption of Minimally Invasive Surgical Procedures
5.2.1.3 Increasing Number of Microcatheter-Assisted Clinical Research Studies
5.2.2 Restraints
5.2.2.1 Premium Product Pricing
5.2.2.2 Taxation Policies and Trade Barriers
5.2.3 Opportunities
5.2.3.1 Emerging Countries
5.2.4 Challenges
5.2.4.1 Complexities Related to Product Development and Manufacturing
6 Microcatheters Market, By Product Type (Page No. - 44)
6.1 Introduction
6.2 Delivery Microcatheters
6.2.1 Delivery Microcatheters: Market Split, By Product Design
6.2.2 Delivery Microcatheters: Market Split, By Application
6.2.3 Delivery Microcatheters: Market Split, By End User
6.3 Aspiration Microcatheters
6.3.1 Aspiration Microcatheters: Market Split, By Product Design
6.3.2 Aspiration Microcatheters: Market Split, By Application
6.3.3 Aspiration Microcatheters: Market Split, By End User
6.4 Diagnostics Microcatheters
6.4.1 Diagnostic Microcatheters: Market Split, By Product Design
6.4.2 Diagnostic Microcatheters: Market Split, By Application
6.4.3 Diagnostic Microcatheters: Market Split, By End User
6.5 Steerable Microcatheters
6.5.1 Steerable Microcatheters: Market Split, By Product Design
6.5.2 Steerable Microcatheters: Market Split, By Application
6.5.3 Steerable Microcatheters: Market Split, By End User
7 Microcatheters Market, By Product Design (Page No. - 55)
7.1 Introduction
7.2 Single-Lumen Microcatheters
7.2.1 Single-Lumen Microcatheters to Dominate the Global Market Till 2024
7.3 Dual-Lumen Microcatheters
7.3.1 Procedural Advantages Offered By Dual-Lumen Microcatheters to Drive Their Adoption
8 Microcatheters Market, By Application (Page No. - 59)
8.1 Introduction
8.2 Cardiovascular Applications
8.2.1 Procedural Benefits Offered By Microcatheters During Critical Cardiac Surgeries are A Major Factor Driving Market Growth
8.3 Neurovascular Applications
8.3.1 Increasing Incidence of Target Neurological Conditions to Drive Market Growth
8.4 Peripheral Vascular Applications
8.4.1 Increasing Incidence of Conditions Affecting the Peripheral Vascular System is A Major Factor Driving Market Growth
8.5 Oncological Applications
8.5.1 Increasing Clinical Research for Minimally Invasive Cancer Treatment to Drive Market Growth During the Forecast Period
8.6 Urological Applications
8.6.1 High Cost Associated With Kidney Transplant Procedures to Restrain Market Growth
8.7 Otolaryngological Applications
8.7.1 Growing Preference for Safe and Effective Minimally Invasive Procedures to Offer Market Growth Opportunities
8.8 Other Applications
9 Microcatheters Market, By End User (Page No. - 69)
9.1 Introduction
9.2 Hospitals, Surgical Centers, & Specialty Clinics
9.2.1 Large Number of Surgical and Diagnostic Procedures Performed Across Hospitals, Surgical Centers, & Specialty Clinics to Drive Market Growth
9.3 Ambulatory Care Centers
9.3.1 Limited Surgical Capabilities of Available Products to Restrain Their Adoption Among Accs
10 Microcatheters Market, By Region (Page No. - 73)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 Due to High Burden of Target Diseases and Large Number of Surgical Procedures the Demand for Microcatheters in the US is Increasing
10.2.2 Canada
10.2.2.1 Rising Public-Private Investments to Propel Market Growth
10.3 Europe
10.3.1 Germany
10.3.1.1 Germany Accounted for the Largest Share of the European Microcatheters Market in 2018
10.3.2 France
10.3.2.1 France to Witness the Highest Growth in the European Microcatheters Market During the Forecast Period
10.3.3 UK
10.3.3.1 High Burden of Chronic Diseases to Drive the Adoption of Microcatheters
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.1.1 Large Population of Geriatric Individuals is One of the Major Factors Driving the Market for Microcatheters
10.4.2 China
10.4.2.1 China to Grow at the Highest CAGR During the Forecast Period
10.4.3 India
10.4.3.1 Growing Availability of Advanced Surgical Treatments to Drive the Adoption of Microcatheters
10.4.4 Rest of Asia Pacific
10.5 Latin America
10.5.1 Favorable Ecosystem for Medical Equipment & Supplies and High Burden of Obesity in Latin American Countries are Driving Market Growth
10.6 Middle East and Africa
10.6.1 Low Disposable Income and Need for Infrastructural Development Hinder Market Growth
11 Competitive Landscape (Page No. - 99)
11.1 Overview
11.2 Market Share Analysis (2018)
11.3 Competitive Scenario
11.3.1 Key Product Launches and Approvals (20152019)
11.3.2 Key Agreements and Partnerships (20152019)
11.3.3 Key Acquisitions (20152019)
11.3.4 Key Expansions (20152019)
11.4 Competitive Leadership Mapping (2018)
11.4.1 Visionary Leaders
11.4.2 Innovators
11.4.3 Dynamic Differentiators
11.4.4 Emerging Companies
12 Company Profiles (Page No. - 105)
(Business Overview, Products Offered, Recent Developments, MnM View)*
12.1 Cardinal Health, Inc.
12.2 Medtronic PLC
12.3 Becton, Dickinson and Company
12.4 Stryker Corporation
12.5 Boston Scientific Corporation
12.6 B. Braun Melsungen AG
12.7 Terumo Medical Corporation
12.8 Teleflex Incorporated
12.9 Asahi Intecc Co., Ltd.
12.10 Merit Medical Systems, Inc.
12.11 Johnson & Johnson (Depuy Synthes)
12.12 Angiodynamics
12.13 Cook Group
12.14 Penumbra, Inc.
12.15 BTG PLC
*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 141)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
List of Tables (67 Tables)
Table 1 Minimally Invasive Surgical Procedures Data, By Country (2016)
Table 2 Microcatheters Market, By Product Type, 20172024 (USD Million)
Table 3 Delivery Microcatheter Market, By Region, 20172024 (USD Million)
Table 4 Delivery Microcatheter Market, By Product Design, 20172024 (USD Million)
Table 5 Delivery Microcatheter Market, By Application, 20172024 (USD Million)
Table 6 Delivery Microcatheter Market, By End User, 20172024 (USD Million)
Table 7 Aspiration Microcatheter Market, By Region, 20172024 (USD Million)
Table 8 Aspiration Microcatheter Market, By Product Design, 20172024 (USD Million)
Table 9 Aspiration Microcatheter Market, By Application, 20172024 (USD Million)
Table 10 Aspiration Microcatheter Market, By End User, 20172024 (USD Million)
Table 11 Diagnostic Microcatheter Market, By Region, 20172024 (USD Million)
Table 12 Diagnostic Microcatheter Market, By Product Design, 20172024 (USD Million)
Table 13 Diagnostic Microcatheter Market, By Application, 20172024 (USD Million)
Table 14 Diagnostic Microcatheter Market, By End User, 20172024 (USD Million)
Table 15 Steerable Microcatheter Market, By Region, 20172024 (USD Million)
Table 16 Steerable Microcatheter Market, By Product Design, 20172024 (USD Million)
Table 17 Steerable Microcatheter Market, By Application, 20172024 (USD Million)
Table 18 Steerable Microcatheter Market, By End User, 20172024 (USD Million)
Table 19 Microcatheter Market, By Product Design, 20172024 (USD Million)
Table 20 Single-Lumen Microcatheter Market, By Region, 20172024 (USD Million)
Table 21 Dual-Lumen Microcatheter Market, By Region, 20172024 (USD Million)
Table 22 Microcatheter Market, By Application, 20172024 (USD Million)
Table 23 Percutaneous Transluminal Coronary Angioplasty (Ptca) Procedure Data, By Country (20142016)
Table 24 Microcatheter Market for Cardiovascular Applications, By Region, 20172024 (USD Million)
Table 25 Microcatheter Market for Neurovascular Applications, By Region, 20172024 (USD Million)
Table 26 Microcatheter Market for Peripheral Vascular Applications, By Region, 20172024 (USD Million)
Table 27 Microcatheter Market for Oncological Applications, By Region, 20172024 (USD Million)
Table 28 Microcatheter Market for Urological Applications, By Region, 20172024 (USD Million)
Table 29 Microcatheter Market for Otolaryngological Applications, By Region, 20172024 (USD Million)
Table 30 Microcatheter Market for Other Applications, By Region, 20172024 (USD Million)
Table 31 Microcatheter Market, By End User, 20172024 (USD Million)
Table 32 Microcatheter Market for Hospitals, Surgical Centers, & Specialty Clinics, By Region, 20172024 (USD Million)
Table 33 Microcatheter Market for Ambulatory Care Centers, By Region, 20172024 (USD Million)
Table 34 Market, By Region, 20172024 (USD Million)
Table 35 North America: Microcatheters Market, By Country, 20172024 (USD Million)
Table 36 North America: Market, By Product Type, 20172024 (USD Million)
Table 37 North America: Market, By Product Design, 20172024 (USD Million)
Table 38 North America: Market, By Application, 20172024 (USD Million)
Table 39 North America: Market, By End User, 20172024 (USD Million)
Table 40 US: Microcatheters Market, By Product Type, 20172024 (USD Million)
Table 41 Canada: Market, By Product Type, 20172024 (USD Million)
Table 42 Europe: Microcatheters Market, By Country, 20172024 (USD Million)
Table 43 Europe: Market, By Product Type, 20172024 (USD Million)
Table 44 Europe: Market, By Product Design, 20172024 (USD Million)
Table 45 Europe: Market, By Application, 20172024 (USD Million)
Table 46 Europe: Market, By End User, 20172024 (USD Million)
Table 47 Germany: Microcatheters Market, By Product Type, 20172024 (USD Million)
Table 48 France: Microcatheters Market, By Product Type, 20172024 (USD Million)
Table 49 UK: Microcatheters Market, By Product Type, 20172024 (USD Million)
Table 50 RoE: Microcatheters Market, By Product Type, 20172024 (USD Million)
Table 51 APAC: Microcatheters Market, By Country/Region, 20172024 (USD Million)
Table 52 APAC: Market, By Product Type, 20172024 (USD Million)
Table 53 APAC: Market, By Product Design, 20172024 (USD Million)
Table 54 APAC: Market, By Application, 20172024 (USD Million)
Table 55 APAC: Market, By End User, 20172024 (USD Million)
Table 56 Japan: Microcatheters Market, By Product Type, 20172024 (USD Million)
Table 57 China: Microcatheters Market, By Product Type, 20172024 (USD Million)
Table 58 India: Microcatheters Market, By Product Type, 20172024 (USD Million)
Table 59 RoAPAC: Microcatheters Market, By Product Type, 20172024 (USD Million)
Table 60 Latam: Microcatheters Market, By Product Type, 20172024 (USD Million)
Table 61 Latam: Market, By Product Design, 20172024 (USD Million)
Table 62 Latam: Market, By Application, 20172024 (USD Million)
Table 63 Latam: Market, By End User, 20172024 (USD Million)
Table 64 Middle East and Africa: Microcatheters Market, By Product Type, 20172024 (USD Million)
Table 65 Middle East and Africa: Market, By Product Design, 20172024 (USD Million)
Table 66 Middle East and Africa: Market, By Application, 20172024 (USD Million)
Table 67 Middle East and Africa: Market, By End User, 20172024 (USD Million)
List of Figures (37 Figures)
Figure 1 Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation,And Region
Figure 3 Research Methodology: Hypothesis Building
Figure 4 Market Size Estimation: Microcatheters Market
Figure 5 Microcatheters: Market: Data Triangulation
Figure 6 Microcatheters: Market, By Product Type, 2018 vs 2024 (USD Million)
Figure 7 Microcatheters: Market, By Product Design, 2018 vs 2024 (USD Million)
Figure 8 Microcatheters: Market, By Application, 2018 vs 2024 (USD Million)
Figure 9 Microcatheters: Market, By End User, 2018 vs 2024 (USD Million)
Figure 10 Geographic Snapshot of the Microcatheters Market
Figure 11 Rising Adoption of Minimally Invasive Surgical Procedures to Drive the Overall Market Growth
Figure 12 Delivery Microcatheters to Account for the Largest Market Share During the Forecast Period
Figure 13 Single-Lumen Microcatheters to Account for the Largest Market Share in 2024
Figure 14 North America is Expected to Dominate the Microcatheters Market, By End User
Figure 15 Asia Pacific to Witness the Highest CAGR During the Forecast Period
Figure 16 Microcatheters Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Diagnostic Microcatheters Held the Largest Share in the Microcatheters Market in 2018
Figure 18 North America: Microcatheters Market Snapshot
Figure 19 Europe: Microcatheters Market Snapshot
Figure 20 APAC: Microcatheters Market Snapshot
Figure 21 Key Developments By Leading Market Players in the Microcatheters Market, 20152018
Figure 22 Microcatheters Market Share Analysis, By Key Player (2018)
Figure 23 Competitive Leadership Mapping (Overall Market)
Figure 24 Cardinal Health, Inc.: Company Snapshot
Figure 25 Medtronic PLC: Company Snapshot
Figure 26 Becton, Dickinson and Company: Company Snapshot
Figure 27 Stryker Corporation: Company Snapshot
Figure 28 Boston Scientific Corporation: Company Snapshot
Figure 29 B. Braun Melsungen AG: Company Snapshot
Figure 30 Terumo Medical Corporation: Company Snapshot
Figure 31 Teleflex Incorporated: Company Snapshot
Figure 32 Asahi Intecc Co., Ltd: Company Snapshot
Figure 33 Merit Medical Systems, Inc.: Company Snapshot
Figure 34 Johnson & Johnson: Company Snapshot
Figure 35 Angiodynamics: Company Snapshot
Figure 36 Penumbra, Inc.: Company Snapshot
Figure 37 BTG PLC: Company Snapshot
The study involved four major activities to estimate the current size of the microcatheters market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to in order to identify and collect information for this study.
Primary Research
Extensive primary research was conducted after acquiring knowledge about the microcatheters market scenario through secondary research. A significant number of primary interviews were conducted from both the demand (healthcare providers, research institutes, physicians, and healthcare professionals) and supply sides (developers, manufacturers, and distributors of microcatheters products). The primaries interviewed for this study include experts from the microcatheters and minimally invasive devices industry (such as CEOs, VPs, directors, sales heads, and marketing managers of tier 1, 2, and 3 companies engaged in offering microcatheters across the globe) and administrators & purchase managers of hospitals, interventional cardiologist, neurologist, ambulatory care centers, and healthcare service providers.
The following is the breakdown of primary respondents:
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Market Size Estimation
A detailed market estimation approach was followed to estimate and validate the size of the microcatheters market and other dependent submarkets, as mentioned above. The key players in the microcatheters market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. Research methodology includes the study of the annual and quarterly financial reports of the top market players as well as interviews with industry experts for key insights (both quantitative and qualitative trends) on the microcatheters market. All percentage shares, splits, and breakdowns were determined by using secondary sources and verified through primary sources. All the possible parameters that affect the market segments covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and added to detailed inputs and analysis from MarketsandMarkets and presented in this report. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size of the microcatheters industry from the market estimation approach explained above, the global market was split into several segments and sub-segments. To complete the overall market engineering process and to arrive at the exact market value data, data triangulation and market breakdown methodology methods were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply side analysis.
Report Objectives
- To define, describe, and forecast the global microcatheters market on the basis of product type, product design, application, and end user, and region.
- To provide detailed information regarding major factors influencing the growth of the market (such as drivers, restraints, opportunities, and industry-specific challenges).
- To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and contributions to the total microcatheters market
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To forecast the revenue of the market segments with respect to five main regions, namely, North America (US and Canada), Europe (Germany, France, the UK, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America, and the Middle East and Africa (MEA).
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
- To track and analyze competitive developments such as new product launches; agreements, partnerships, and joint ventures; mergers & acquisitions; business expansions and research & development activities in the microcatheters market.
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With the given market data, MarketsandMarkets offers customizations as per the companys specific needs. The following customization options are available for the present global microcatheters market report:
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