Asia Pacific Microcatheters Market

Market Introduction

Micro-catheters are described as thin wall, small diameter catheters and delivery devices used in minimally invasive applications. These small catheters are ideal for navigating the vast network of tiny veins found within the body.

Asia Pacific Microcatheters Strategic Insights

Strategic insights for the Asia Pacific Microcatheters provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Microcatheters Report Scope

Asia Pacific Microcatheters Regional Insights

The geographic scope of the Asia Pacific Microcatheters refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The Asia Pacific microcatheters market is expected to reach US$ 166.98 million by 2027 from US$ 85.05 million in 2019; it is estimated to grow at a CAGR of 8.9% from 2020 to 2027. The market growth is attributed to significantly increasing prevalence of chronic disorders, such as cardiovascular and neurovascular diseases, and rising elderly population across Asia Pacific. However, product recall and stringent regulatory requirement, and lack of expert professionals hinder the market growth.

Micro-catheters are delivery devices used in minimally invasive applications. These small catheters are ideal for navigating the vast network of tiny veins found within the body. According to the World Health Organization (WHO), cardiovascular diseases (CVDs) are the most prominent cause of morbidity and mortality across the world. The CVDs include cerebrovascular disease, coronary heart disease, rheumatic heart disease, and so on. As per the WHO data published in 2017, ~17.9 million people died from CVDs in 2016, which was 31.0% of all the global deaths in that year. Therefore, the significantly rising incidence of CVDs across Asia Pacific is likely to propel the demand for devices, such as microcatheters, that are required to treat these diseases. In addition, in the recent years, the prevalence of neurological disorders such as cerebral aneurysm has increased significantly across Asia Pacific, which fuelled the demand for microcatheters used in their treatment procedures. Also, the rising geriatric population leads to rise in cardiovascular disease and neurological disease, which is contributing to the growth of the Asia Pacific microcatheters market.

Countries in Asia Pacific are facing challenges due to increasing incidence of COVID-19. The outbreak has restricted supply chain operations. Moreover, low-income countries are facing additional challenges due to the shortage of healthcare infrastructure and decreasing demand for neurovascular devices due to surging COVID-19 cases. Restrictive measures like complete lockdown by several countries are restricting supply chain and the availability of medical devices in these countries. Hence, obstructions in business activities such as the imposition of complete lockdown hamper the adoption of various technologically advanced healthcare systems, including microcatheters.

Key Market Segments

The Asia Pacific microcatheters market, by indication, is segmented into neurovascular, coronary, and general peripheral vascular. The coronary segment held the largest share of the market in 2019, and the same segment is anticipated to register the highest CAGR in the market during the forecast period.

Based on end user, the Asia Pacific microcatheters market is segmented into hospitals, specialty clinics, and ambulatory surgical centers. The hospitals segment held the largest share of the market in 2019, and the same segment is estimated to register the highest CAGR in the market during the forecast period.

Major Sources and Companies Listed

A few of the primary and secondary sources associated with this report on Asia Pacific microcatheters market are the Federation of Italian Medical and Scientific Societies (F.I.S.M), Societa Italiana Di Neuroscienze (SINS), and World Stroke Organization (WSO).

Reasons to buy the report

• Determine prospective investment areas based on a detailed trend analysis Asia Pacific microcatheters market over the next years.
• Gain an in-depth understanding of the underlying factors driving demand for different addictions therapeutics segments in the top spending countries and identify the opportunities offered by each of them.
• Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
• Identify the major channels driving the Asia Pacific microcatheters market, providing a clear picture of future opportunities that will help Analyze, resulting in revenue expansion.
• Channelize resources by focusing on the ongoing programs undertaken by the different countries within the Asia Pacific microcatheters market.

ASIA PACIFIC MICROCATHETERS MARKET SEGMENTATION

By Indication

• Neurovascular
• Coronary
• General Peripheral Vascular

By End User

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics

By Country

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Company Profiles

• Boston Scientific Corporation
• Medtronic
• Merit Medical Systems Inc
• Terumo Corporation
• Asahi Intecc USA, Inc.
• Penumbra, Inc
• Stryker Corporation
• Teleflex Incorporated
• Tokai Medical Products, Inc.