Global Micro Guide Catheters Market 2017-2021

Global micro guide catheters market forecast

According to the micro guide catheters industry analysis, the global micro guide catheters market is anticipated to grow at a steady rate and will post a CAGR of close to 9% during the forecast period. The growing demand for minimally invasive (MI) procedures will drive the prospects for the global micro guide catheters market growth until the end of 2021. It has been observed that MI artery stenting using micro guide catheters and guidewires are increasingly used because they enhance the surgical precision by allowing a smooth manipulation of small surgical tools for the placement of stents in the individual's body and provide a 3D view of the individual. In addition, since the material provides a better flexibility, support, and tracking of the stent during the procedure, many surgeons increasingly prefer microcatheters over other tools to perform procedures. Furthermore, some of the major factors responsible for the growing preference for MI micro guiding catheters procedures includes faster recovery, lesser pain, fewer post-surgery infections, reduced hospital stays, minimized incision marks, controlled bleeding, cause minimal complications, and offer high accuracy.

In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the coronary micro guide catheters market for the next four years. Some of the major factors responsible for the growth of the market in the region is the rising incidence of several diseases and increasing healthcare expenditure by governments.

Competitive landscape and key vendors

The global micro guide catheters market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. According to the industry research report, a vast number of guideliner catheter vendors are increasingly using advanced technologies to develop new products or to upgrade their existing portfolio, which, in turn, will strengthen the competitive environment in the market. Furthermore, it has been observed that these vendors are increasingly adopting new strategies to remain competitive in the coronary micro guide catheters market and increase their shares.

Key vendors in this market are -

• Terumo
• Boston Scientific
• Merit Medical
• Medtronic
• ASAHI INTECC

Other prominent vendors in the market include ACIST Medical, Baylis Medical, BrosMed Medical, Cook Medical, Cordis, Diasolve, Navilyst Medical, Stryker, Vascular Solutions, and Volcano.

Segmentation by product type and analysis of the micro guide catheters market

• Over-the-wire micro guide catheters
• Flow directed micro guide catheters

Over-the-wire micro guide catheters accounted for the majority market share during 2016 and will continue to dominate the micro guide catheters market for the next four years. Some of the major factors responsible for the growth of the market segment's is the high success rate associated with the use of over-the-wire micro guide catheter and its wide use in cardiovascular applications such as coronary and peripheral interventions and neurovascular interventional applications.

Segmentation by application and analysis of the micro guide catheters market

• Hospitals
• ASCs
• Physicians' offices

The ambulatory surgical center (ASCs) segment accounted for the majority market share during 2016 and will continue to dominate the coronary micro guide catheters market during the forecasted period. Some of the major factors responsible for the growing preference for ASCs among patients is the minimization of medical expenses, reduction in the duration of hospital stay, and better individual care.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global micro guide catheters market?
• What are the key market trends impacting the growth of the global micro guide catheters market?
• What are the challenges to market growth?
• Who are the key vendors in the global micro guide catheters market?
• What are the market opportunities and threats faced by the vendors in the global micro guide catheters market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global micro guide catheters market?

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