Micro Guide Catheters Market Overview, Growth Values and Forecast to 2027
Market Overview:
Increased
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.
The traction
for Micro
Guide Catheters Market Applications 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. The market for micro guide
catheters is expected to expand substantially as the catheters guarantee a
great deal of safety and efficiency in the high-risk
procedures. The reduced recovery time ensured by micro guide catheters is
expected to further impel the development of the market in the forecast period.
Competitive
Analysis
Micro Therapeutics Inc. (India), LuMend
Corporation (US), BrosMed Medical, Covidien AG (Ireland), Terumo Europe N.V.
(Belgium), Baylis Medical Medtronic (Canada), Diasolve
Ltd. (UK), ASAHI INTECC Company Limited (Thailand), Volcano Corporation (US),
Merit Medical Systems Inc (US), ACIST Medical Systems (US), Boston Scientific
Corporation (US), Cordis Corporation (US), Cook Medical Inc. (US) and Navilyst
Medical Inc. (US)
Segmental Analysis
·
The micro guide catheters market is segmented on
the basis of types, application, end-user,
and region.
·
On the basis of
types, the market is segmented into over the wire micro guide catheters, and
flow-directed micro guide catheters.
·
The segmentation on
the basis of application consist of neurovascular, cardiovascular,
urology and other.
·
On the basis of
end user, the micro guide catheters
market consists of clinics, hospital, among others.
·
The regions covered in the market are Asia
Pacific, Europe, North America, and the Middle
East and Africa.
Detailed
Regional Analysis
The regions
included in the micro guide catheter market globally are Europe, North America,
Asia Pacific, and the Middle East and Africa. Owing to the high
volume of medical procedures conducted through catheterization in the North
American region has made the region a leader in the micro guide catheter
globally. The accessibility to infrastructure and technology has provided a
significant boost for the expansion of this market in the European and North
American region.
Industry Updates:
July 2018
EchoNous recently declared that it had received an FDA 510(k) clearance for its
EchoNous Vein ultrasound device intended to develop peripheral IV catheter
placements. The EchoNous Vein system is planned to provide real-time, clear
images at depths of one to five centimeters for visualizing superficial and
deeper veins. The company also specified that it
plans to incorporate the EchoNous Vein with the company’s present Uscan
intelligent medical tool to form the EchoNous platform
and to unite the products under its Signostics brand in the EchoNous moniker.
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