What is Micro Guide Catheters Market Scope?
Micro guide catheters is a thin tube medical device which is inserted into the human body to treat several cardiovascular and neurovascular diseases. These catheters provide crossability and support to treat cases involving tortuous vessels, chronic total occlusions, bifurcations, and highly stenosed and calcified lesions. Increasing demand for minimally invasive surgery and rising popularity among the doctors to operate with minimal damage to the body instead of traditional open surgery. This has led to significant growth of the global micro guide catheters market in the forecast period.
The Micro Guide Catheters market study is being classified by Type (Over-the-wire and Flow Directed), by Application (Cardiovascular, Neurovascular, Urology and Others (Ophthalmic, Gastrointestinal)) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Micro Guide Catheters market throughout the predicted period.
Terumo Medical Corporation (United States), ACIST Medical Systems, Inc. (United States), LuMend Corporation (United States), Medtronic plc (Ireland), Integer Holdings Corporation (United States), Boston Scientific Corporation (United States), Baylis Medical (Canada), Cook Medical (United States), Cordis (United States), Navilyst Medical (United States), Stryker (United States) and Vascular Solutions (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Volcano Corporation (United States), Micro Therapeutics Inc. (United States), Merit Medical Systems Inc. (United States), Cardinal Health (United States) and BrosMed Medical (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Micro Guide Catheters market by Type, Application and Region.
On the basis of geography, the market of Micro Guide Catheters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 15th July 2020, Terumo Corporation has announced that it has completed the acquisition of Quirem Medical B.V., a Netherlands-based healthcare startup specializing in the development of next-generation microspheres for Selective Internal Radiation Therapy (SIRT), a treatment for liver tumors. Under the terms of the agreement, Terumo acquired 80.1% of the shares of Quirem Medical.
Influencing Market Trend
- Enhanced Healthcare Infrastructure across the Globe
Market Drivers
- Rising Prevalence of Neurovascular and Cardiovascular Disorders
- Increase in Demand for Minimally-Invasive Procedures as it Ensures Faster Recovery
Opportunities
- High Accessibility and Affordability of Hospitals and Clinics are Expected to Attract a Large Patient Population
Restraints
- High Cost of the Surgery Restricts
Challenges
- Voluntary Recalled many Pipelines Embolization Devices, such as Alligator Retrieval Device
Key Target Audience
Micro Guide Catheters Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.