Transparency Market Research presents a 7-year forecast of the global micro guide catheters market for the 2017-2024 forecast timeframe in terms of revenue (US$ Mn) and volume (Kilo tons). For the study, 2016 has been considered as the base year, while all forecasts have been provided from 2017 to 2024. The global micro guide catheters market has been broadly segmented based on product, indication, end user, and geography.
The micro guide catheters market report comprises an extensive executive summary that provides detailed information about various segments and sub-segments of the market. The report also includes vital market indicators such as drivers, restraints, and opportunities that will influence the demand for micro guide catheters through 2024. Following this, the section outlines terms and terminologies and conventions that are relevant for medical devices industry. Industry statutes and industry policies in the scope of medical devices sector are appended at the end of this section. A glance into recent industry news is also provided herein.
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Global Micro Guide Catheters Market Witness Most Promising Rise in Demand:
The global market for micro guide catheters is segregated based on product type, indication, end user, and geography. The segments of the market based on product type are over-the-wire and flow-directed. Of the two, over-the-wire segment is anticipated to hold the larger 59.2% share of the overall market by 2024. The flow-directed segment is anticipated to be worth US$98.6 mn by 2024; the growth of this segment is attributed to decreased risk of intracranial hemorrhage and device flexibility due to factors such as lack of wire.
However, factors such as limited insurance coverage to use micro guide catheters for therapeutics and high product recalls hampering revenue are holding back the micro guide catheters market’s growth. Considering a number of favorable factors, the global micro guide catheters market is likely to clock a healthy 7.6% CAGR between 2017 and 2024.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Key Players of Micro Guide Catheters market Report:
Key players in the global Micro Guide Catheters market have been profiled based on attributes such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies.
Key companies operating in the global market for micro guide catheters include Cardinal Health, Cook Medical, Asahi Intecc Co. Ltd., Penumbra Inc., Boston Scientific Corporation, Merit Medical Systems Inc., Medtronic plc, Terumo Europe NV, Koninklijke Philips N.V, and Integer Holdings Corporation.
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