Microcatheters are small delivery devices used majorly in minimally invasive applications. It is helpful for navigation, guidewire support, access of veins, and delivery of therapeutics inside the body to its target location. Microcatheters are used massively in both medical devices and healthcare industries. They are generally used in percutaneous coronary intervention (PCI) procedures. Microcatheter is used in PCI of chronic total occlusion (CTO) to ease torque in the tip response, preventing flexion, prolapse of the guidewire, and improving penetration ability by providing additional support to the shaft of the wire. There are various types of microcatheter, including single-lumen and dual-lumen. Single-lumen microcatheters provide guidewire support and improve handling, whereas dual-lumen microcatheter can make guidewire exchange easier. Due to the large inner lumen and hydrophilic coating of microcatheter, they are preferred over OTW balloons.
MARKET SCOPE
The "Global Micro catheter in PCI Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the micro catheter in PCI market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading micro catheter in PCI market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-Based on type, the global microcatheter in PCI market is segmented into single lumen microcatheter and dual lumen microcatheter.
-On the basis of application, the market is bifurcated into hospitals, specialty clinics and ambulatory surgery centers.
MARKET DYNAMICS
Drivers
-The rising geriatric population, increasing prevalence of heart disease, and the increasing number of PCI procedures drive the microcatheter in PCI market growth.
-The growing target patient population and rising number of micro catheter-assisted clinical research studies fuel the market growth.
-High adoption of minimally invasive procedures coupled with high technological advancement boosts market growth.
-Improving healthcare infrastructure and various government initiatives propel market growth.
Restraints
-Stringent regulatory guidelines.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The micro catheter in PCI market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the micro catheter in PCI market in these regions.
IMPACT OF COVID-19 ON MICROCATHETER IN PCI MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. With the increase in COVID-19 cases, there was a growing need to reduce the level of activity in all surgical procedures in order to reduce the transmission of the virus. There have been resource constraints due to primary resources allocation to the treatment of COVID-19 infected patients. Hence, all surgeries were postponed, and only essentials surgeries were allowed. Due to the reduction in patient pool, the manufacturers of microcatheter faced reduced product demand and various challenges due to supply and trade disruptions. Therefore, the microcatheter market was also significantly impacted by the pandemic.
MARKET PLAYERS
The report covers key developments in the micro catheter in PCI market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from micro catheter in PCI market are anticipated to have lucrative growth opportunities in the future with the rising demand for micro catheter in PCI in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the micro catheter in PCI market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Boston Scientific
-Terumo
-Medtronic
-ASAHI INTECC
-Acrostak
-Stryker
-Merit Medical
-ACIST Medical
-Navilyst Medical
-Cook Medical
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.