North America Micro Catheters and Micro Guidewires Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Micro Catheters and Micro Guidewires), Indication (Urology, Otolaryngology, Oncology, and Others),and End User (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers)
Market Introduction
North America is the largest market for the micro catheters and micro guidewires, with the US holding the largest market share, followed by Canada. The micro catheters and micro guidewires market is likely to experience significant growth in the US due to the rising prevalence of the cardiac conditions among the people. As per the American Heart Association's "Heart Disease and Stroke Statistics 2019”, around 121.5 million adults in the US are living with cardiovascular disease, and every year 805,000 Americans suffer from a heart attack. Additionally, according to the CDC, about 795,000 people in the U.S. suffer from cerebrovascular stroke every year. Therefore, the cost of the treatments increases for the patients. The indirect and direct cost associated with the total cardiovascular diseases and stroke are anticipated to entire more than US$ 329.7 billion which includes both health expenditures and productivity loss. Additionally, across the country heart disease and stroke are the first and fifth leading cause of death. Hypertension is major risk factor for the heart disease and stroke and is expensive in terms of lives lost and health outcomes, however it is greatly treatable. According to the Centers for Disease Control and Prevention statistics, in 2018 approximately 75 million adults across US lived with high blood pressure. The prevalence is expected to rise in the coming future and therefore, it is anticipated that the incidences of the cardiovascular is likely to increase in future. Also, the US is among the highly advanced countries which have various technologies available for the medical devices, the country is also involved in the research and development of the medical technologies. Significantly increasing prevalence of cardiovascular diseases is the major factor driving the growth of North America micro catheters and micro guidewires market.
COVID-19 virus outbreak was first observed in December 2019 in Wuhan (China), and it has spread to ~100 countries across the world, with the World Health Organization (WHO) stating it as a public health emergency. The global impacts of COVID-19 are being felt across several markets, including the market for microcatheters and micro guidewires market. Although the healthcare sector had witnessed SARS, H1N1, and other outbreaks in the last few years, the severity of the COVID-19 has made the situation more complicated due to its mode of transmission. North America has been witnessing growing number of COVID-19 cases since its outbreak. Several measures are being taken to contain the disease and prevent the transmission; however, the exorbitant number of COVID cases have resulted in cancellation of doctor's appointment, decreased in demand for the elective neurosurgery , disruption in supply chain due to long period of lockdown. For instance, Medtronic plc, a company that generates the majority of its sales and profits from the U.S., has suffered a decrease in revenue of 1 percent in the fiscal year 2020 compared to the fiscal year 2019 in the neurovascular category. Neurosurgery net sales declines were impacted by delays in capital equipment sales during the fourth quarter due to COVID-19. Moreover, on March 18, 2020, the U.S. Centers for Medicare & Medicaid Services released recommendations to U.S. healthcare facilities, suggesting reductions of elective treatment, such as neurosurgery, endovascular clot stabilization rehabilitation, cerebral aneurysm operations, and others to conserve personal protective devices and beds for usage in the battle against COVID-19. In addition, Penumbra, Inc., has experienced disruption in business due to domestic and international governmental orders restricting certain activities in response to COVID-19, including changes in on-site operations to reduce manufacturing capacity and implement social distancing, reductions in suppliers’ ability to source, ship raw materials in alignment with demands, work stoppages, slowdowns, and delays
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Market Overview and Dynamics
The micro catheters and micro guidewires market in North America is expected to grow from US$ 605.47 million in 2021 to US$ 895.74 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028. Growing number of product approvals and launches; Extended functionalities and technologies incorporated in new devices are contributing to the rise in demand for micro catheters and micro guidewires. In March 2021, Transit Scientific received CE approval for its XO CrossO Microcatheter platform. The new microcatheter incorporates novel non-tapered design, which offers better functionality. Moreover, the new platform delivers better torque response, trackability, and new pushability levels during a surgical procedure. Further, in January 2021, Baylis Medical announced the launch of JLL electrophysiology microcatheter in the Europe market. The introduction of catheter enables physicians to reach complex and inaccessible areas in a heart. Further, in June 2020, Insight Lifetech received CE approval for its TruePhysio Rapid Exchange FFR microcatheter. The newly launched catheter is compatible with any 0.014’’ guidewire for accurate procedures. Also, in May 2019, Embolx, Inc. introduced Sniper K-tip microcatheter under sniper balloon occlusion microcatheter. This newly introduced microcatheter is especially designed for an arterial embolization procedure. Furthermore, in August 2020, Scientia Vascular received FDA approval for its Zoom Wire 14 guidewire. The new device incorporates capabilities to gain access of nervous system during hemorrhagic and ischemic stroke and other associated vascular procedures. Thus, the growing number of product launches and approvals are estimated to offer lucrative opportunities for the growth of the micro catheter and micro guidewires market during the forecast period. This is bolstering the growth of the micro catheters and micro guidewires market.
Key Market Segments
In terms of product type, micro catheter segment held the largest share of the market in 2020, and the same segment is anticipated to register the highest CAGR in the market during the forecast period. In terms of indication type, cardiology segment held the largest share of the market in 2020, however, the oncology segment is anticipated to register the highest CAGR in the market during the forecast period. Similarly, based on end user, hospitals segment held the largest share of the market in 2020 and is estimated to register the highest CAGR in the market during the forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the micro catheters and micro guidewires market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are B. Braun Melsungen AG; BD; Boston Scientific Corporation; Cardinal Health Inc; Cook Medical LLC; Medtronic; Stryker Corporation; Teleflex Incorporated; Terumo Corporation; are among the leading companies in the North America micro catheters and micro guidewires market.
Reasons to buy report
- To understand the North America micro catheters and micro guidewires market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America micro catheters and micro guidewires market
- Efficiently plan M&A and partnership deals in North America micro catheters and micro guidewires market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America micro catheters and micro guidewires market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Micro Catheters and Micro Guidewires Market – By Product Type
- Micro Catheter
- Micro Guidewire
North America Micro Catheters and Micro Guidewires Market – By Indications
- Cardiology
- Neurology
- Oncology
- Intravascular Embolization
- Transcatheter Arterial Chemo Embolization
- Urology
- Otolaryngology
- Others
North America Micro Catheters and Micro Guidewires Market – By End User
- Hospitals
- Ambulatory Surgical Centres
- Specialty Clinics
North America Micro Catheters and Micro Guidewires Market – By Country
- US
- Canada
- Mexico
North America Micro Catheters and Micro Guidewires Market -Companies Mentioned
- B. Braun Melsungen AG
- BD
- Boston Scientific Corporation
- Cardinal Health Inc
- Cook Medical LLC
- Medtronic
- Stryker Corporation
- Teleflex Incorporated
- Terumo Corporation
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Micro Catheters and Micro Guidewires Market – By Product Type
1.3.2 North America Micro Catheters and Micro Guidewires Market – By Indications
1.3.3 North America Micro Catheters and Micro Guidewires Market – By End User
1.3.4 North America Micro Catheters and Micro Guidewires Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Micro Catheters and Micro Guidewires – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Expert Opinions
5. North America Micro Catheters and Micro Guidewires Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Significantly Increasing Prevalence of Cardiovascular Diseases
5.1.2 Surging Incidence of Neurovascular Diseases
5.2 Market Restraints
5.2.1 Product Recall and Stringent Regulatory Requirement
5.3 Market Opportunities
5.3.1 Growing Number of Product Approvals and Launches
5.4 Future Trends
5.4.1 Rising Demand for Minimally Invasive Procedures
5.5 Impact Analysis
6. Micro Catheters and Micro Guidewires Market – North America Analysis
6.1 North America Micro Catheters and Micro Guidewires Market Revenue Forecast and Analysis
7. North America Micro Catheters and Micro Guidewires Market Analysis – By Product Type
7.1 Overview
7.2 North America Micro Catheters and Micro Guidewires Market Revenue Share, by Product Type (2020 and 2028)
7.3 Micro Catheters
7.3.1 Overview
7.3.2 Micro Catheters: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Micro Guidewires
7.4.1 Overview
7.4.2 Micro Guidewires: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Micro Catheters and Micro Guidewires Market Analysis – By Indication
8.1 Overview
8.2 North America Micro Catheters and Micro Guidewires Market Revenue Share, by Indication (2020 and 2028)
8.3 Cardiology
8.3.1 Overview
8.3.2 Cardiology: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Neurology
8.4.1 Overview
8.4.2 Neurology: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Urology
8.5.1 Overview
8.5.2 Urology: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Otolaryngology
8.6.1 Overview
8.6.2 Otolaryngology: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Oncology
8.7.1 Overview
8.7.2 Oncology: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.7.2.1 Intravascular Embolization Market: Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.7.2.1.1 Overview
8.7.2.1.2 Intravascular Embolization Market: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.7.2.2 Transcatheter Arterial Chemo Embolization Market: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.7.2.2.1 Overview
8.7.2.2.2 Transcatheter Arterial Chemo Embolization Market: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Micro Catheters and Micro Guidewires Market Analysis – By End User
9.1 Overview
9.2 North America Micro Catheters and Micro Guidewires Market Share, by End User, 2020 and 2028, (%)
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Specialty Clinics
9.4.1 Overview
9.4.2 Specialty Clinics: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Ambulatory Surgical Centres
9.5.1 Overview
9.5.2 Ambulatory Surgical Centres: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Micro Catheters and Micro Guidewires Market – Country Analysis
10.1 North America: Micro Catheters and Micro Guidewires Market
10.1.1 Overview
10.1.2 North America: Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
10.1.3 North America: Micro Catheters and Micro Guidewires Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
10.1.4 North America: Micro Catheters and Micro Guidewires Market, by Indication – Revenue and Forecast to 2028 (USD Million)
10.1.4.1 North America: Micro Catheters and Micro Guidewires Market, by Oncology – Revenue and Forecast to 2028 (USD Million)
10.1.5 North America: Micro Catheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
10.1.6 North America: Micro Catheters and Micro Guidewires Market, by Country, 2020 & 2028 (%)
10.1.7 US: Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
10.1.7.1 US: Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
10.1.7.2 US: Micro Catheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
10.1.7.3 US: Micro Catheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
10.1.7.3.1 US: Micro Catheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
10.1.7.4 US: Micro Catheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
10.1.8 Canada: Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
10.1.8.1 Canada: Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
10.1.8.2 Canada: Micro Catheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
10.1.8.3 Canada: Micro Catheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
10.1.8.3.1 Canada: Micro Catheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
10.1.8.4 Canada: Micro Catheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
10.1.9 Mexico: Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
10.1.9.1 Mexico: Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
10.1.9.2 Mexico: Micro Catheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
10.1.9.3 Mexico: Micro Catheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
10.1.9.3.1 Mexico: Micro Catheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
10.1.9.4 Mexico: Micro Catheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
11. Impact of COVID-19 Pandemic on North America Micro Catheters and Micro Guidewires Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Microcatheters and Micro Guidewires Market – Industry Landscape
12.1 Overview
12.2 Organic Developments
12.2.1 Overview
12.3 Inorganic Developments
12.3.1 Overview
13. Company Profiles
13.1 Cardinal Health Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Medtronic
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 BD
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Stryker Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Boston Scientific Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 B. Braun Melsungen AG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Terumo Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Teleflex Incorporated
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Cook Medical LLC
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Micro Catheters and Micro Guidewires Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 3. North America: Micro Catheters and Micro Guidewires Market, by Indication – Revenue and Forecast to 2028 (USD Million)
Table 4. North America: Micro Catheters and Micro Guidewires Market, by Oncology – Revenue and Forecast to 2028 (USD Million)
Table 5. North America: Micro Catheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 6. US: Micro Catheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 7. US: Micro Catheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
Table 8. US: Micro Catheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
Table 9. US: Micro Catheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 10. Canada: Micro Catheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 11. Canada: Micro Catheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
Table 12. Canada: Micro Catheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
Table 13. Canada: Micro Catheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 14. Mexico: Micro Catheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 15. Mexico: Micro Catheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
Table 16. Mexico: Micro Catheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
Table 17. Mexico: Micro Catheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 18. Organic Developments Done By Companies
Table 19. Inorganic Developments Done By Companies
Table 20. Glossary of Terms, Micro Catheters and Micro Guidewires Market
LIST OF FIGURES
Figure 1. North America Micro Catheters and Micro Guidewires Market Segmentation
Figure 2. North America Micro Catheters and Micro Guidewires Market, By Country
Figure 3. North America Micro Catheters and Micro Guidewires Market Overview
Figure 4. The Micro Catheter Segment Is Expected To Grow Faster By Product Type Segment In North America Micro Catheters and Micro Guidewires Market
Figure 5. US Is Expected to Show Remarkable Growth During the Forecast Period
Figure 7. North America PEST Analysis
Figure 8. North America Micro Catheters and Micro Guidewires Market Impact Analysis of Driver and Restraint
Figure 9. North America Micro Catheters and Micro Guidewires Market – Revenue Forecast and Analysis – 2020- 2028
Figure 10. North America Micro Catheters and Micro Guidewires Market Revenue Share, by Product Type (2020 and 2028)
Figure 11. Micro Catheters: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Micro Guidewires: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Micro Catheters and Micro Guidewires Market Revenue Share, by Indication (2020 and 2028)
Figure 14. Cardiology: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Neurology: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Urology: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Otolaryngology: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Oncology: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Intravascular Embolization Market: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Transcatheter Arterial Chemo Embolization Market: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Micro Catheters and Micro Guidewires Market Share, by End User, 2020 and 2028 (%)
Figure 23. Hospitals North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Specialty Clinics: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Ambulatory Surgical Centers: North America Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America: Micro Catheters and Micro Guidewires Market, by Key Country – Revenue (2020) (USD Million)
Figure 27. North America: Micro Catheters and Micro Guidewires Market Revenue and Forecast to 2028 (USD Million)
Figure 28. North America: Micro Catheters and Micro Guidewires Market, by Country, 2020 & 2028 (%)
Figure 29. US: Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
Figure 30. Canada: Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
Figure 31. Mexico: Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
Figure 32. Impact of COVID-19 Pandemic on Microcatheters and Micro Guidewires Market in North American Countries
- B. Braun Melsungen AG
- BD
- Boston Scientific Corporation
- Cardinal Health Inc
- Cook Medical LLC
- Medtronic
- Stryker Corporation
- Teleflex Incorporated
- Terumo Corporation
- To understand the North America micro catheters and micro guidewires market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America micro catheters and micro guidewires market
- Efficiently plan M&A and partnership deals in North America micro catheters and micro guidewires market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America micro catheters and micro guidewires market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region