Press Release

Microcatheter Market to Exhibit High Growth Backed by Surging Usage in Diagnostic and Therapeutic Procedures, states Fortune Business Insights™

Microcatheter Market Size| 2021 Covid-19 Impact On Healthcare Industry Global Analysis By Size, Trends, Growth, Share, Business, Key Players And Regional Forecast latest study published by Fortune Business Insights. The global “microcatheter market” is set to gain impetus from their ever-increasing usage in a wide range of therapeutic and diagnostic procedures. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Microcatheter Market Size, Share & Industry Analysis, By Indication (Neurovascular, Coronary, and General Peripheral Vascular), By Product (Single Lumen, Dual Lumen), By End-User (Hospitals, Specialty Clinics, and Ambulatory Surgery Centers) and Regional Forecast, 2020-2027.” The report further mentions that microcatheters are gaining more popularity because of the surging initiatives by government agencies of various countries to enhance their healthcare infrastructures.

The outbreak of the COVID-19 pandemic has impacted a wide range of firmsworldwide. Unless a vaccine is discovered, we don’t know till how long this difficult situation will continue. Healthcare institutes and clinics across the globe are falling short of beds for coronavirus positive patients. Our in-depth research reports will enable you to better understand the currentscenario. Our team of highly skilled analysts has created a fewcrucial strategies to help you regain business confidence and combat this pandemic.

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Global Microcatheter Market Highlights:

The Microcatheter Market report offers an in-depth analysis of the Microcatheter industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Microcatheter market concentration, and maturity analysis is elaborated in this report.

Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.

The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Microcatheter Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.

Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Microcatheter market to figure out and study the market’s needs, market size, and competition.

A list of all the renowned microcatheter manufacturers operating in the global market:

  • Boston Scientific Corporation
  • Codman Neuro
  • Medtronic
  • Biometrics
  • Asahi Intecc USA, Inc.
  • Merit Medical Systems, Inc.
  • Stryker
  • Terumo Medical Corporation
  • Teleflex Incorporated.
  • Penumbra, Inc.

How Did We Conduct Our Research?

The report involved four notable activities in projecting the current market size. Exhaustive secondary research was conducted to gather data about the parent and peer markets. Our next step included primary research to authenticate these sizing, assumptions, and findings with numerous industry experts. We have also used bottom-up and top-down methods to calculate the market size.

Regional Insights-

Increasing Number of AngiographyProcedures to Favor Growth in Europe

Regionally, North America is set to procure the highest microcatheter market share in the near future and retain its dominant position. This growth is attributable to the high per capita health care expenditure and rising cases of cardiovascular diseases in the region. Besides, the availability of advanced healthcare facilities in the region would also contribute to this growth. Europe, on the other hand, is anticipated to remain in the second position because of the rapid expansion of the healthcare sector, as well as the rising number of PCI and angiographyprocedures.

In Asia Pacific, the surging incidence of heart diseases, improvements in healthcare facilities, and increasing aging population would propel growth. Developing countries, such as India and China are set to majorly contribute to this growthbecause of the new product launches, growing economy, and large population base.

Competitive Landscape-

Key Players Focus on Gaining Marketing Approvals & Launching Novel Products to Intensify Competition

The global market contains numerous big, small, and medium companies that are mainly focusing on introducing state-of-the-art microcatheters to cater to the increasing demand from patients and healthcare institutions alike. Some of the others are aiming to receive approvals from regulatory bodies to distribute their products. Below are the two latest industry developments:

  • December 2020:Bendit Technologiesannounced the development of its novel microcatheters that can navigate to the brain more precisely and quickly than the existing ones in the market. Doctors will be able to control the tip of the microcatheter with a small button and a handle from the outside of the body.
  • July 2020: Cerus Endovascular Ltd. bagged the CE Mark approval forCerusEndo MC 021, its novel microcatheter. It enables doctors to deliver therapeutic devices and gain access to tortuous neurovasculature for intended targets.

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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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