A microcatheter is a small-diameter catheter that is used to deliver therapeutic agents or to perform minimally invasive procedures. It consists of a thin tube made from various materials such as polyurethane, nylon, and polyethylene with an inner lumen that allows for the delivery of fluids, drugs, or other agents. Microcatheters are used in a variety of medical procedures, including angioplasty, stent placement, and embolization.
This growth is attributed to rising demand for minimally invasive procedures, increasing prevalence of cardiovascular diseases, and technological advancements in microcatheter products. Moreover, the growing geriatric population and increasing healthcare expenditure are expected to further augment the growth of this market.
The global Microcatheter market was valued at US$ 531.9 million in 2022 and is anticipated to reach US$ 825.4 million by 2029, witnessing a CAGR of 6.4% during the forecast period 2023-2029. The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Microcatheter Market available at: https://www.themarketreports.com/report/global-microcatheter-market-research-report
This report aims to provide a comprehensive presentation of the global market for Microcatheter, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Microcatheter.
Market competition is intense. Boston Scientific, Terumo, Medtronic (Covidien), Codman Neuro and Stryker are the leaders of the industry, with about 55% market shares.
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