Micro Guide Catheters Market is projected to advance at a moderate pace with a CAGR of 5.6% during the forecast period 2022-2032
Micro Guide Catheters Market Overview
The micro guide catheters market is projected to advance at a moderate pace with a CAGR of 5.6% during the forecast period 2022-2032.
Sales of micro guide catheters are anticipated to surge rapidly, owing to the sedentary lifestyle of people who are predisposed to cardiovascular disease or other diseases.
Instead of traditional open surgery, doctors use a variety of techniques to operate with minimal damage to the body in minimally invasive surgery. This majorly drives the demand for micro guide catheters.
In general, minimally invasive surgery is associated with less pain and fewer complications. This is precisely why people worldwide prefer micro guide catheters, thereby scaling up the demand for micro guide catheters.
Minimally invasive procedures are beginning to replace traditional surgical care in other medical domains, such as cardiology, due to the development of integrated solutions, in turn spiking the sales of micro guide catheters globally.
With the help of micro-guided catheters, minimally invasive surgery can treat arterial, venal, and vascular bypass grafts, and sales of micro guide catheters are likely to skyrocket owing to its wide application.
The demand for micro guide catheters is rapidly increasing due to a number of factors, including a higher accuracy rate and fewer infections.
Patient preferences are increasing, driving the micro guide catheter market due to the low risks associated with this treatment.
Furthermore, the material used in the catheter’s production allows for flexibility and tracking of the stent during the surgical procedure, which boosts the demand for micro guide catheters.
Another vital factor spiking the sales of micro guide catheters is that the most advanced catheters have a thin hydrophobic surface coating, which is a smooth, slippery film that makes catheter insertion safer and more comfortable.
Recently, bio-compatible catheters made of a polymeric material with a titanium surface have been used, which aids in improving lubricity during surgery which results in higher demand for micro guide catheters in the near future.
What are the Key Factors Impacting the Micro Guide Catheters Market?
The micro guide catheter is built to approach highly complex lesions in the human anatomy through the most difficult vessels, ducts, or cavities which is the primary factor propelling the demand for micro guide catheters.
Sales of micro guide catheters are also facilitated by improved tensile strength and increased reliability due to stainless-steel braid in micro guide catheters.
This is a significant advantage of a micro guide catheter over other conventional catheters, which fosters the augmentation of micro guide catheters’ market share of various key players.
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The micro guide catheter lumen is tapered and intended to provide for enhanced guidewire control through the human body. As a result, surging the demand for micro guide catheters globally.
The risk associated with catheter material and functioning can hamper the growth of the micro guide catheter market, thereby impinging on the sales of micro guide catheters.
A vital factor impacting the demand for micro guide catheters negatively is the weakness of the polymers used in catheters which results in fractures that can only be rectified by additional surgery.
How is the Competition in the Micro Guide Catheters Market?
Some of the key market players in the global micro guide catheters market are LuMend Corporation, Terumo Europe N.V., Covidien AG, ASAHI INTEC Company Limited, Lake Region manufacturing Inc., Boston Scientific Corporation, Volcano Corporation, Micro Therapeutics Inc., Merit Medical Systems Inc. to name a few.
The micro guide catheter manufacturing companies aim to gain US FDA and C.E. approvals for their micro guide catheters in order to scale up their micro guide catheters market share.
A few recent developments in the micro guide catheters market are:
- The Neurovascular portfolio, which includes Chikai Guide Wires and Fubuki Guide Catheters and Sheaths, was acquired by Asahi Intecc USA’s direct sales team.
- Boston Scientific has agreed to buy Apama Medical Inc., a privately held company that will develop the Apama Radiofrequency (R.F.) Balloon Catheter System for the diagnosis of atrial fibrillation (A.F.).
- The ASAHI Corsair Armet microcatheter has been officially launched in the United States by ASAHI INTEC CO., LTD. It is a long-lasting, restricted micro catheter approved for use in peripheral vascular procedures.
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