The global coronary microcatheters market is valued at US$ 206.2 million in 2022 and is forecasted to expand at a CAGR of 7.5% to reach US$ 424.2 million by the end of 2032.
According to a market research report by Fact.MR, the global market for coronary microcatheters is expected to grow at a significant pace in the coming years. The report projects that the market will witness a CAGR of approximately 8% from 2021 to 2031.
Coronary microcatheters are used for navigating and accessing small or difficult-to-reach coronary vessels during percutaneous coronary intervention (PCI) procedures. The increasing prevalence of cardiovascular diseases and the growing adoption of minimally invasive surgeries are among the key factors driving the growth of the coronary microcatheters market.
The report highlights that North America is currently the largest market for coronary microcatheters, with the United States being the leading contributor to the region’s growth. The Asia-Pacific region is expected to witness the fastest growth during the forecast period, driven by the increasing investments in healthcare infrastructure, rising disposable income, and the growing awareness about minimally invasive surgical procedures.
Some of the leading companies operating in the coronary microcatheters market include Boston Scientific Corporation, Medtronic plc, Terumo Corporation, Abbott Laboratories, and B. Braun Melsungen AG. The market is highly competitive, and companies are focusing on product innovations and strategic collaborations to gain a competitive edge
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Segmentation of Coronary Microcatheters Industry Research
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Competitive Landscape
Leading suppliers of coronary microcatheters are focusing on their diversification of product portfolios, for which, they are making huge investments in research and development. Apart from this organic strategy, companies are also adopting inorganic growth tactics such as acquisitions, mergers, and collaborations to drive global expansion.
Key Companies Profiled
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Will Rise in Cardiovascular Cases in the United States Drive High Demand for Coronary Microcatheters?
the rise in cardiovascular cases in the United States is expected to drive high demand for coronary microcatheters. Cardiovascular diseases are one of the leading causes of death in the United States and around the world. With the aging population and increasing incidence of cardiovascular diseases, there is a growing demand for minimally invasive diagnostic and therapeutic procedures for the treatment of these conditions.
Coronary microcatheters play a crucial role in the diagnosis and treatment of coronary artery diseases. These devices allow physicians to access the coronary arteries to diagnose and treat a range of conditions, including blockages, stenosis, and thrombi. With the increasing demand for minimally invasive procedures, the demand for coronary microcatheters is also expected to increase.
Additionally, the development of new and advanced coronary microcatheters, such as those with improved steerability and flexibility, is expected to drive demand for these devices. The increasing use of image-guided procedures, such as intracoronary imaging, is also expected to drive demand for coronary microcatheters.
Therefore, it can be concluded that the rise in cardiovascular cases in the United States is expected to drive high demand for coronary microcatheters in the coming years
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Jun 19, 2023
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