Global Industry Analysis of Micro Guide Catheters Market displays a notable CAGR of 7.5% by 2024

Published on : Feb 28, 2017

Albany, New York, February 28, 2017: According to the latest study on cardiovascular disease, which leads to the global cause of death, is recently coming out as a major factor that fuels the demand of Micro Guide Catheters. By looking to this factor, a new research report recently published into the vast online repository of Market Research Hub (MRH) and titled as “Global Industry Analysis of Micro Guide Catheters” – Forecast 2016-2024”. The finding of the study reveals that the global micro guide catheter market is estimated to grow at a CAGR of 7.5% during the forecast of 2016 to 2024 and is expected to reach $242 million by the end of 2024.

The primary phase of this report comprises the brief introduction of micro guide catheters. The selection of micro guide catheter depends on the location of a lesion in the human body and the severity of the lesion.  This device is designed with hydrophilic coating tip. Micro guide catheters are available in a variety of tip shape and different coating, each of which can offer a superior scope of options to surgeons when choosing the appropriate tip for particular treatment procedures. Moreover, the demand flow in the global micro guide catheter market is estimated to grow over the coming years due to some key factors such as the growing geriatric populace, early adoption of advanced treatment procedures, negative lifestyle and an increasing number of embolization procedures.

On the basis of geography, the global micro guide catheters market is segmented into following regions - Europe, Middle East and Africa (MEA), Asia Pacific, North America and Latin America (LATAM). In 2015, the North American region dominated the global micro guide catheters market, with a market share of 38%. The report also includes the list of foremost companies in the global market with their Strength, Weakness, Opportunities and Threat (SWOT) analysis, the market share of these companies in the Micro guide catheters Diagnostic market, product portfolios, main business strategies and recent developments.

The global micro guide catheters Diagnostic market has been segmented into following:

The Micro Guide Catheters Market, on the basis of product type

  • Over-the-wire
  • Flow-directed

Over-the-wire catheter is growing at a significant CAGR from 2016 to 2024 due to it numerous application and advantages.

On the basis of indication

  • Cardiovascular
  • Neurovascular and
  • Others

On the basis of end users

  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgery Centers

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The closing segment of this report covers important global market performers described and it includes; Asahi Intecc Co., Ltd, Boston Scientific Corporation, Cardinal Health, Cook Medical, Penumbra, Inc., Integer Holdings Corporation, Merit Medical Systems, Inc., Medtronic Plc, Terumo Europe NV, Koninklijke Philips N.V. among others.

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