Micro Catheter and Micro Guidewire Market Growth & Analysis 2028

Micro Catheter and Micro Guidewire Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Micro catheters, Micro guidewires); Indication (Urology, Otolaryngology, Oncology, Others); End User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers); and Geography

  • Report Code : TIPRE00022790
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 190
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The micro catheters and micro guidewires market is expected to reach US$ 1,954.92 million in 2028 from US$ 1,342.51 million in 2021. The market is estimated to grow with a CAGR of 5.5% from 2021–2028.

The scope of the micro catheters and micro guidewires market includes product type, indication, end user, and region. Based on region, the micro catheters and micro guidewires market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the micro catheters and micro guidewires market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world. It also includes COVID–19 impact analysis across the regions.

Lucrative Regions for Micro Catheters and Micro Guidewires Market

Lucrative Regions for Micro Catheters and Micro Guidewires Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

Surging Incidence of Neurovascular Diseases

The neurovascular system is highly dependent on the continuous supply of oxygen and nutrients, which is supplied by arteries and veins. The supply of oxygen and nutrients to the brain is essential for its working; therefore, any defect in the system can impair the function and it may quickly become a life-threatening factor.

A few common neurovascular conditions, diseases, or disorders are ischemic stroke, hemorrhage stroke, brain aneurysm, vascular malformation, and brain tumors. During recent years, the prevalence of neurological disorders has increased significantly. For instance, cerebral aneurysm is one of the neurovascular diseases. The incidence of this disease is rising significantly worldwide. Therefore, its prevalence has increased tremendously across the globe. Nearly, 30,000 people in the US suffer from brain aneurysm rupture every year. A brain aneurysm ruptures every 18 minutes. The annual rate of brain rupture in the country is close to 8–10 per 100,000 people. Thus, the rising prevalence of cerebral aneurysms fuels the growth of the micro catheters and micro guidewires market.

Product Type-Based Insights

Based on product type, the micro catheters and micro guidewires market is segmented into micro catheters and micro guidewires. The micro catheter segment a larger share of the market in 2020 and is anticipated to register the highest CAGR of 5.9% in the market during the forecast period.

Global Micro Catheters and Micro Guidewires Market, by Technique– 2019 & 2027

Global Micro Catheters and Micro Guidewires Market, by Technique– 2019 & 2027
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Indication -Based Insights

Based on indication, the micro catheters and micro guidewires market is segmented into neurovascular, cardiology, urology, otolaryngology, oncology, and others. The cardiology segment held the largest share of the market in 2020, however the oncology segment is anticipated to register the highest CAGR of 6.3%in the market during the forecast period.

End-User-Based Insights

Based on the end user, the micro catheters and micro guidewires market is segmented into hospitals, specialty clinics, and ambulatory surgical centers. The hospitals segment held the largest share of the market in 2020 and is estimated to register the highest CAGR of 6.1% in the market during the forecast period.

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Micro Catheter and Micro Guidewire Market: Strategic Insights

micro-catheter-and-micro-guidewire-market
Market Size Value inUS$ 1,342.51 Million in 2021
Market Size Value byUS$ 1,954.92 Million by 2028
Growth rateCAGR of 5.5% from 2021-2028
Forecast Period2021-2028
Base Year2021
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Inorganic strategies such as partnerships, and mergers and acquisitions are commonly adopted by companies to cater to changing customer demand and maintain their brand name across the world. Market players operating in the Micro Catheters and Micro Guidewires market also adopt organic strategies such as product launch and expansion to outstretch their footprint and product portfolio worldwide as well as to meet the growing demand.

By Product Type

  • Micro Catheter
  • Micro Guidewire


By Indications

  • Cardiology
  • Neurology
  • Oncology.
    • Intravascular Embolization
    • Transcatheter Arterial Chemo Embolization
  • Urology
  • Otolaryngology
  • Others


By End User

  • Hospitals
  • Ambulatory Surgical Centres
  • Specialty Clinics


By Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South and Central America (SCAM)

    • Brazil
    • Argentina
    • Rest of SCAM

Company Profiles

  • Cardinal Health Inc
  • Medtronic
  • BD
  • Stryker Corporation
  • Boston Scientific Corporation
  • B. Braun Melsungen AG
  • Terumo Corporation
  • Teleflex Incorporated
  • Cook Medical LLC
  • Tokai Medical Products, Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type ; Indication ; End User ; and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are Micro catheters and micro guidewires?

Micro catheter is small-diameter catheter, preferably used during minimally invasive surgeries. Micro catheters are small, with diameter range of 0.70 to 1.30 mm. On similar lines, micro-guidewires are also used during diagnostic as well as therapeutic procedures. The devices have various applications in procedures such as embolization and catheterization. Moreover, the devices are also utilized during cardiovascular and neurovascular surgeries.

What are the driving factors for the Micro catheters and micro guidewires market across the globe?

Key factors that are driving growth of the market are significantly increasing prevalence of cardiovascular diseases and increasing incidences of neurovascular diseases. However, the lack of expert professionals is anticipated to deter market growth.

What is the cost of Micro catheters and micro guidewires?

The costs of the micro catheters and micro guidewires are much higher, and they may cost US$ 300–1500, or more, per type. The cost may also differ from product to product types.

The List of Companies - Micro Catheter and Micro Guidewire Market

  1. Cardinal Health Inc
  2. Medtronic
  3. BD
  4. Stryker Corporation
  5. Boston Scientific Corporation
  6. B. Braun Melsungen AG
  7. Terumo Corporation
  8. Teleflex Incorporated
  9. Cook Medical LLC
  10. Tokai Medical Products, Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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