Micro-Guide Catheter Market

Micro-Guide Catheter market by Application (Cardiovascular Disorders, Neurovascular Disorders, and Others), End-user (Hospitals, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World) are expected to grow at a steady CAGR forecast till 2030 owing to increasing prevalence of cardiovascular and neurovascular diseases and growing demand of minimally invasive procedures. 

The micro-guide catheter market is estimated to grow at a CAGR of 6.47% during the forecast period from 2024 to 2030. The demand for micro-guide catheters is primarily being driven by the rising prevalence of cardiovascular and neurovascular diseases. Additionally, the increasing demand for minimally invasive procedures, along with the growing geriatric population, are key factors expected to fuel the growth of the micro-guide catheter market during the forecast period from 2024 to 2030.

MICRO-GUIDE CATHETER MARKET DYNAMICS:

According to data from the Brain Aneurysm Foundation (2023), an estimated 6.7 million people in the United States have an unruptured brain aneurysm, and each year, around 30,000 people suffer from brain aneurysm ruptures in the U.S. Additionally, the British Heart Foundation (2024) reports that approximately 620 million people worldwide are living with heart and circulatory diseases, with 1 in 13 people globally affected by these conditions. The increasing prevalence of heart disease and stroke worldwide is expected to drive the demand for treatment and management of these disorders, thereby boosting the need for micro-guide catheters during the forecast period.

Moreover, a key factor contributing to the growth of the micro-guide catheter market is the rising demand for minimally invasive procedures. Micro-guide catheters play a crucial role in navigating small, tortuous, or hard-to-reach vessels, which is often required in minimally invasive surgeries. Their design enables precise access to target areas, making them indispensable in these types of procedures. These catheters are also used to facilitate the delivery of devices such as stents, balloons, or embolic agents to specific locations within the body. As minimally invasive procedures increasingly rely on such devices, the demand for micro-guide catheters is expected to grow. Furthermore, patients are opting more frequently for minimally invasive procedures due to benefits such as reduced pain, faster recovery, and lower risk of complications, further driving demand for the technologies involved, including micro-guide catheters.

However, complications associated with micro-guide catheters and the high costs of these devices may pose challenges to the market's growth.

MICRO-GUIDE CATHETER MARKET SEGMENT ANALYSIS:

Micro-Guide Catheter market by Application (Cardiovascular Disorders, Neurovascular Disorders, and Others), End-user (Hospitals, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)  

In the product type segment of the micro-guide catheter market, the cardiovascular disorders category is projected to hold a significant revenue share in 2023. This growth is primarily driven by the rising prevalence of cardiovascular disorders worldwide. According to the Global Stroke Factsheet 2022, the risk of developing a stroke has increased by 50% over the past 17 years, with 1 in 4 people now expected to experience a stroke in their lifetime. The same source also reports that there are currently 101 million stroke survivors globally. Additionally, the British Heart Foundation UK Factsheet 2024 estimates that 7.6 million people in the UK are living with heart and circulatory diseases.

Furthermore, data from the World Health Organization (2021) indicate that the global population aged 60 and above is set to double from 12% to 22% between 2015 and 2050, reaching 2.1 billion by 2050. By 2030, 1 in 6 people will be aged 60 or older. As the aging population is more susceptible to cardiovascular diseases (CVDs), this demographic shift is expected to lead to a higher volume of cardiovascular interventions. Older adults often require less invasive procedures due to increased surgical risks, further driving demand for micro-guide catheters.

Therefore, due to these factors, the cardiovascular disorders category is expected to experience significant growth, contributing to the overall expansion of the micro-guide catheter market during the forecast period. 

NORTH AMERICA IS EXPECTED TO DOMINATE THE OVERALL MICRO-GUIDE CATHETER MARKET:

North America is expected to account for the largest share of the global micro-guide catheter market in 2023. This is primarily due to the significant number of patients suffering from cardiovascular and neurovascular diseases in the region. Other factors contributing to market growth include increasing research and development activities, a growing geriatric population, and the presence of advanced healthcare infrastructure.

According to the *Centers for Disease Control and Prevention (2023)*, approximately 60 million women (44%) in the United States are living with some form of heart disease. Additionally, the *CDC (2022)* reported a 7.8% increase in stroke prevalence from 2013 to 2022. The rising prevalence of cardiovascular diseases will create an increased need for the treatment and management of these conditions, thereby boosting the demand for micro-guide catheters in the U.S. and supporting the overall growth of the North American micro-guide catheter market.

Moreover, data from the *United States Census Bureau (2023)* highlight that the U.S. population aged 65 and older grew nearly five times faster than the total population between 1920 and 2020. Cardiovascular diseases are more prevalent in older adults due to age-related changes such as stiffening of blood vessels, increased arterial plaque buildup, and reduced heart function. These changes contribute to a higher incidence of conditions like coronary artery disease, heart attacks, and strokes, which often require interventions involving micro-guide catheters.

Therefore, the combination of these factors is expected to drive the growth of the micro-guide catheter market in North America during the forecast period. 

MICRO-GUIDE CATHETER MARKET KEY PLAYERS:

Some of the key market players operating in the micro-guide catheter market include Teleflex Incorporated., Cardinal Health, Medtronic, Terumo Medical Corporation, AngioDynamics, Guerbet, Boston Scientific Corporation, Integer Holdings Corporation, Cook Medical, Tianjin Demax Medical Technology, ASAHI INTECC CO., LTD. Co, Cordis., and others.

RECENT DEVELOPMENTAL ACTIVITIES IN THE MICRO-GUIDE CATHETER MARKET:

• In June 2023, Sensome, and Asahi Intecc, entered into a collaboration to develop the next generation Clotild® Smart Guidewire, with Asahi Intecc taking on the manufacturing role for this groundbreaking device destined for the treatment of acute ischemic stroke. 
• In November 2020, Asahi Intecc USA announced that the Neurovascular portfolio, consisting of Chikai Guide Wires and Fubuki Guide Catheters and Sheaths, was sold by the direct sales team as of January 1, 2021.

KEY TAKEAWAYS FROM THE MICRO-GUIDE CATHETER MARKET REPORT STUDY

• Market size analysis for current micro-guide catheter market size (2023), and market forecast for 6 years (2024 to 2030)
• Top key product/technology developments, mergers, acquisitions, partnerships, and joint ventures happened over the last 3 years.
• Key companies dominating the global micro-guide catheter market.
• Various opportunities available for the other competitors in the micro-guide catheter market space.
• What are the top-performing segments in 2023? How these segments will perform in 2030?
• Which are the top-performing regions and countries in the current micro-guide catheter market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for micro-guide catheter market growth in the coming future?

TARGET AUDIENCE WHO CAN BE BENEFITED FROM THIS MICRO-GUIDE CATHETER MARKET REPORT STUDY

• Micro-Guide Catheter product providers
• Research organizations and consulting companies 
• Micro-Guide Catheter -related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and Traders dealing in micro-guide catheter  
• Various end-users who want to know more about the micro-guide catheter market and the latest technological developments in the micro-guide catheter market.