Europe Microcatheters Market Size, Share, and Analysis by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027Europe Microcatheters Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Indication (Neurovascular, Coronary, and General Peripheral Vascular) and End User (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers)
- Report Date : May 2021
- Report Code : TIPRE00022146
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 110
The Europe microcatheters market is expected to reach US$ 193.11 million by 2027 from US$ 107.15 million in 2019; it is estimated to grow at a CAGR of 7.7% from 2020 to 2027.
The market growth is attributed to significantly increasing prevalence of chronic disorders, such as cardiovascular and neurovascular diseases, and rising elderly population across Europe. However, product recall and stringent regulatory requirement, and lack of expert professionals hinder the market growth.
Micro-catheters are delivery devices used in minimally invasive applications. These small catheters are ideal for navigating the vast network of tiny veins found within the body. According to the World Health Organization (WHO), cardiovascular diseases (CVDs) are the most prominent cause of morbidity and mortality across the world. The CVDs include cerebrovascular disease, coronary heart disease, rheumatic heart disease, and so on. According to the European Cardiovascular Disease Statistics 2017, CVDs causes 3.9 million deaths and more than 1.8 million deaths in the European Union (EU) every year. Therefore, the significantly rising incidence of CVDs across Europe is likely to propel the demand for devices, such as microcatheters, that are required to treat these diseases. In addition, in the recent years, the prevalence of neurological disorders such as cerebral aneurysm has increased significantly across Europe, which fuelled the demand for microcatheters used in their treatment procedures. Also, the rising geriatric population leads to rise in cardiovascular disease and neurological disease, which is contributing to the growth of the Europe microcatheters market.
The European economy is severely affected due to the exponential growth in the number of COVID-19 confirmed cases in the region. Regulatory bodies in the region are taking preventive measures such as complete quarantine and shutdown of all business operations. In March 2020, the European Medicines Agency established a managing committee to deal with the impact of COVID-19 outbreak on the supply chain of medicines and devices. However, due to the fear of infection in patients as well as doctors, people are refraining from hospitals and planned surgeries. These factors are disrupting the overall manufacturing and marketing of microcatheters, which would restrain the growth of the Europe microcatheters market during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
EUROPE MICROCATHETERS MARKET SEGMENTATION
By Indication
- Neurovascular
- Coronary
- General Peripheral Vascular
By End User
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
By Country
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Company Profiles
- Boston Scientific Corporation
- Medtronic
- Merit Medical Systems Inc
- Terumo Corporation
- Penumbra, Inc
- Stryker Corporation
- Teleflex Incorporated
- Asahi Intecc USA, Inc.
Europe Microcatheters Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 107.15 Million |
| Market Size by 2027 | US$ 193.11 Million |
| Global CAGR (2020 - 2027) | 7.7% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Indication
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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The List of Companies - Europe Microcatheters Market
- Boston Scientific Corporation
- Medtronic
- Merit Medical Systems Inc
- Terumo Corporation
- Asahi Intecc USA, Inc.
- Penumbra, Inc
- Stryker Corporation
- Teleflex Incorporated
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