Radiology Microcatheters Market
Radiology Microcatheters Market - Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031
Radiology Microcatheters Market Segmented By Diagnostic Microcatheters, Delivery Microcatheters, Steerable Microcatheters, Aspiration Microcatheters Type in Single Lumen Microcatheter, Multi Lumen Microcatheter Design
Radiology Microcatheters Market Forecast and CAGR
According to the latest research by Persistence Market Research, Radiology Microcatheters market is set to witness a 7.6% growth during the year 2021-2031. The market is anticipated to observe growth due to growing adoption of minimally invasive surgeries, and the rising number of microcatheter-supported clinical research studies. Moreover, the growing utilization of technologically advanced products and several government initiatives are supporting the development of the market.
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What is Driving Demand for Radiology Microcatheters?
Microcatheters are hollow, small tubes, which are implanted into blood vessels utilized in several interventional procedures and are intended to convey different interventional products to the blood vessels and are also used in various therapeutic and diagnostic procedures.
The surge in number of cancer cases coupled with increasing adoption of minimally invasive procedures are primary factors boosting the growth of the radiology microcatheters market.
Rising awareness among people about the cancer treatment and the initiatives undertaken by the government to control the incidence rate is expected to drive the radiology microcatheters market growth.
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Rise in Initiatives Taken for Control and Prevention of Cancer, likely to boost Radiology Microcatheters Sales
The most widespread disease currently is cancer, which has led to rise increased the need for rapid treatment. Hence, various programs and initiatives are being undertaken by governments of different countries to control and prevention of cancer, which is anticipated to drive the market.
For instance, the CPCRN (Cancer Prevention and Control Research Network) is a national initiative taken for controlling and preventing the burden of cancer across the globe.
Also, the availability of technologically advanced microcatheters is anticipated to increase the adoption of these Microcatheters. For instance, U.S. Food and Drug Administration (FDA) approved the SeQure Microcatheters which is developed to lessen the danger of non-targeted embolization with the help of its fluid barrier technology.
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US and Canada Radiology Microcatheters Market Outlook
The US and Canada radiology microcatheters market is projected to observe a healthy growth in the market because of the rising government initiatives, presence of well-developed healthcare infrastructure in the countries and rise in awareness campaigns regarding cancer.
Furthermore, rising incidence of cancer and increase in demand for minimally invasive procedures are likely to fuel demand in US. As per the American Cancer Society, the new cases of bladder cancer reported in 2020 in Americans were about 81,400, and around 17,980 patients died because of it in the United States.
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Europe Demand Outlook for Radiology Microcatheters
Europe is expected to be second dominating region for market because of several factors. European market is likely to observe gradual growth primarily because of the rising geriatric population and rising prevalence of chronic diseases.
Moreover, rising healthcare expenditure and increase in research activities for development of advanced microcatheters coupled with growing adoption of minimally invasive surgeries will drive the market growth.
Who are the Key Manufacturers and Suppliers of Radiology Microcatheters?
Some of the leading manufacturers and suppliers of Radiology Microcatheters include
- Terumo Corporation
- Merit Medical Systems Inc.
- Cook Medical
- Boston Scientific Corporation
- Medtronic plc
- Teleflex Inc.
The radiology microcatheters market is competitive with numerous well-established players. These numerous players collaborate with large medical device distributors to supply and market their products worldwide or in some countries. Also, key manufacturers are focusing on the introduction of advanced medical devices, adoption growth strategies, and technological advancements.
By Product Type
- Diagnostic Microcatheters
- Delivery Microcatheters
- Steerable Microcatheters
- Aspiration Microcatheters
- Single Lumen Microcatheter
- Multi Lumen Microcatheter
- Peripheral Vascular
By End User
- Ambulatory Surgical Centers
- Diagnostic Centers
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Radiology Microcatheters Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.