Global Microcatherter Market Analysis & Evolving Opportunities Studied for the Period Until 2026
The global microcatheter market was valued at US$ 162.3 Mn in 2017 and is anticipated to reach nearly US$ 304.5 Mn by 2026, expanding at a CAGR of around 7.5% from 2018 to 2026.
[UKPRwire, Fri Nov 02 2018] Wide scale adoption of minimally invasive treatment procedures necessitates adoption of microcatherters which find ample utility in monitoring and navigation across veins in the body. Growing number of patients coupled with extensive advancements towards technological novelties are accounted as prime growth initiators in microcatheter market. Market Research Reports Search Engine (MRRSE) in its recent report addition titled, ‘Microcatheter Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026‘evaluates recent market advances and their eventual impact on holistic growth of microcatherter market.
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Competitive Pipeline to Spur Growth in Microcatherter Market
Ongoing technological advancements in healthcare industry and active government participation towards improved healthcare activities lend impetus to the growth of microcatherter market. In addition, leading vendors and market participants in microcatherter market are investing thoroughly towards business acquisitions and merger plans, besides developing a competitive pipeline to secure their dominance in the fast changing landscape of microcatherter market. However, some of the bottlenecks likely to hamper the growth of microcatherter market include strict regulatory norms and occasional faulty manufacturing instances that result in product recalls.
Embolx Receives FDA Nod for its Latest Sniper Balloon Microcatherters in the US
In a recent development, leading provider of microcatherters targeted for cancer therapeutics, Embolx has lately received FDA clearance for its latest addition of sniper balloon occlusion microcatherters. The latest addition demonstrates advanced features thus aiding physicians to attain a better view of vascular structures and intricate vein network. Based on advanced therapeutics such as pressure directed embolization, the microcatherter is expected to disrupt cancer treatment across the US.
Coronary Segment Likely to Dominate Revenue Generation
Further in the course of this research report on microcatherter market, readers are presented with elaborate understanding on macro and microeconomic factors that influence growth roadmap of microcatherter market. The report enlists various market segments operational in microcatherter market such as indication and end-user that influence growth of microcatherter market. Based on indication the market is diversified into coronary, neurovascular, and general peripheral vascular. In terms of end-user, microcatherter market is segregated into hospitals, specialty clinics, and ambulatory surgery center.
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Asia-Pacific Emerges as a Lucrative Regional Market in Microcatherter Market
Further, the report also elaborates geographical scope f microcatherter market, based on which the market is demarcated into Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa as core regional pockets in microcatherter market.
Competition Dashboard: Microcatherter Market
Thorough research postulates jotted in this section of the report allows readers to gain primary insights on the efficacy of marketing tactics and tools in influencing holistic growth of microcatherter market, besides influencing favorable consumer response in terms of their buying preferences and subsequent purchase behavior. Some of the leading market participants in microcatherter market identified in the report include, Boston Scientific Corporation, Medtronic, Stryker, and Penumbra, Inc. amongst others.
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