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GLOBAL MICROCATHETER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global Microcatheter Market, By Product Design (Single Lumen Microcatheter, Dual Lumen Microcatheter), By Product (Delivery Microcatheter, Aspiration Microcatheter, Diagnostic Microcatheter, Steerable Microcatheter), By Application (Cardiology, Neurology, Peripheral Vascular, Oncology, Urology, Otolaryngology, Others), By End User (Hospitals & Clinics, Ambulatory Surgical Centers), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : Feb 2024
  • Code : CMI6624
  • Pages :165
  • Formats :
      Excel and PDF
  • Industry : Medical Devices

Market Challenges And Opportunities

Global Microcatheter Market- Drivers

  • Increasing number of minimally invasive surgeries: The global microcatheter market is witnessing significant growth owing to the rising adoption of minimally invasive surgical procedures worldwide. Minimally invasive surgeries, such as laparoscopy and arthroscopy offer several benefits over traditional open surgeries such as less pain, fewer complications, a shorter hospital stay, and a faster recovery time. This has increased patient preference for such surgeries in recent years. Microcatheters play a vital role in various minimally invasive procedures, such as neurointerventional surgeries, cardiovascular surgeries, and urological surgeries. They help physicians navigate through blood vessels or other narrow pathways of the body to reach the target location with high precision.
  • Technological advancements in microcatheters: Technological advancements in microcatheter design and functionality are a major factor boosting the global microcatheter market. Microcatheters are becoming increasingly sophisticated to enable superior navigation across complex vascular anatomies. Manufacturers are developing microcatheters with enhanced pushability, trackability, and torque response to facilitate first-pass selectivity in advanced endovascular procedures. The materials and construction methods used for modern microcatheters allow for greater flexibility near the distal tip combined with robust support proximally. This makes navigating tortuous vessels and bypassing blockages or narrowings much less demanding. New hydrophilic coating technologies on microcatheter surfaces minimize friction during navigation as well. Such design refinements translate to reduced procedure time and trauma for patients.
  • Increasing prevalence of cardiovascular diseases: The increasing prevalence of cardiovascular diseases across the globe is a major driver for the growth of the global microcatheter market. Cardiovascular diseases (CVDs) have become one of the largest global health challenges. For instance, according to the U.S. Centers for Disease Control and Prevention (CDC), heart disease is the leading cause of death for men, women, and people of most racial and ethnic groups in the U.S. One person dies every 34 seconds in the U.S. from cardiovascular disease. Thus, with the rise in the burden of cardiovascular diseases, the demand for cardiovascular diagnostics and treatment devices is also increasing at a rapid pace in the U.S.

Global Microcatheter Market- Opportunities

  • Growing awareness about benefits of minimally invasive treatment: Growing awareness about the benefits of minimally invasive treatments has opened promising opportunities for the global microcatheter market. In recent years, there has been a significant shift towards a preference for low-risk procedures that can help reduce recovery time and morbidity. Microcatheters allow targeted, precise delivery of devices or therapeutic agents internally with minimal tissue displacement. As such, they are increasingly being used for a variety of minimally invasive procedures like neurovascular interventions, cardiovascular interventions, and urological procedures.
  • Expanding applications of microcatheters: Microcatheters have found increasing usage in a variety of minimally invasive procedures in recent years. Their ability to navigate complex vascular anatomies and deliver therapeutic devices has enabled treatments for several cardiovascular and neurovascular diseases. The growing disease burden and rising adoption of minimally invasive techniques will drive greater demand for microcatheters in the coming years. Applications that were earlier considered experimental are now becoming standard practice. For instance, microcatheters are increasingly being used for thrombectomies to remove dangerous blood clots during stroke.

Global Microcatheter Market - Restraints

  • Risk of infection associated with microcatheters: The risk of infections associated with microcatheters is one of the major restraints for the global microcatheter market. Microcatheters are thin, tube-like medical devices that are used for minimally invasive procedures such as angiography and angioplasty. However, their use also poses certain infection-related risks. Microcatheters are inserted into the body through small pores or vascular access points. This process of insertion can sometimes lead to contamination of the catheter tip if proper sterile procedures are not followed. Once contaminated, these catheters can serve as pathways for various infections to spread inside the body. Especially in procedures related to the brain or the heart, microcatheter-associated infections can become life-threatening very quickly.
  • Vulnerability to product recalls: Vulnerability to product recalls is significantly restraining the growth of the global microcatheter market. Microcatheters are precision medical devices used in minimally invasive surgeries and procedures such as angiography and neurovascular interventions. Even a minor design or manufacturing defect can cause serious injuries or health complications for patients. This makes microcatheters highly susceptible to product recalls. In the recent past, there have been several instances of microcatheter recalls due to various issues such as catheter tip detachments, premature rupture or tear of catheter shaft, deviation in catheter dimensions etc. Such recalls often stem from lack of quality control during production or inadequate safety testing of new designs.

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