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According to The Insight Partners new research study on “Micro Catheters and Micro Guidewires Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by product, indication, end-user,” Microcatheters are thin walled, small diameter catheter and delivery devices usually used in minimally invasive surgeries. These small catheters are ideal for navigating the vast network of tine veins found within the body. These devices are also used for the safe and smooth delivery of therapeutic as well as diagnostic agents. The devices are used extensively in vascular aneurysm embolization procedures.

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The scope of the micro catheters and micro guidewires market includes product type, indication, end user, and region. Based on region, the micro catheters and micro guidewires market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the micro catheters and micro guidewires market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world. It also includes COVID–19 impact analysis across the regions.

Surging Incidence of Neurovascular Diseases

The neurovascular system is highly dependent on the continuous supply of oxygen and nutrients, which is supplied by arteries and veins. The supply of oxygen and nutrients to the brain is essential for its working; therefore, any defect in the system can impair the function and it may quickly become a life-threatening factor.

A few common neurovascular conditions, diseases, or disorders are ischemic stroke, hemorrhage stroke, brain aneurysm, vascular malformation, and brain tumors. During recent years, the prevalence of neurological disorders has increased significantly. For instance, cerebral aneurysm is one of the neurovascular diseases. The incidence of this disease is rising significantly worldwide. Therefore, its prevalence has increased tremendously across the globe. Nearly, 30,000 people in the US suffer from brain aneurysm rupture every year. A brain aneurysm ruptures every 18 minutes. The annual rate of brain rupture in the country is close to 8–10 per 100,000 people. Thus, the rising prevalence of cerebral aneurysms fuels the growth of the micro catheters and micro guidewires 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, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. 

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Based on product type, the micro catheters and micro guidewires market is segmented into micro catheters and micro guidewires. The micro catheter segment a larger share of the market in 2020 and is anticipated to register the highest CAGR of 5.9% in the market during the forecast period.

Based on indication, the micro catheters and micro guidewires market is segmented into neurovascular, cardiology, urology, otolaryngology, oncology, and others. The cardiology segment held the largest share of the market in 2020, however the oncology segment is anticipated to register the highest CAGR of 6.3%in the market during the forecast period.

Based on the end user, the micro catheters and micro guidewires market is segmented into hospitals, specialty clinics, and ambulatory surgical centers. The hospitals segment held the largest share of the market in 2020 and is estimated to register the highest CAGR of 6.1% in the market during the forecast period.

Micro Catheter and Micro Guidewire Market: Competitive Landscape and Key Developments

Cardinal Health Inc, Medtronic, BD, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, Teleflex Incorporated, Cook Medical LLC, and Tokai Medical Products, Inc are among the leading companies operating in the Micro Catheters and Micro Guidewires market.

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