North America Microcatheters Market Outlook and Strategic Insights by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

North America 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 : TIPRE00022144

Category : Life Sciences
Status : Published

Available Report Formats :
No. of Pages : 107

Page Updated: May 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The North America microcatheters market is expected to reach US$ 354.21 million by 2027 from US$ 184.49 million in 2019; it is estimated to grow at a CAGR of 8.6% 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 North America. 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. As per the American Heart Association (AHA) 2019 statistics, 121.5 million adults in the US (around 50% of the US adult population) suffer from a CVD. Therefore, the significantly rising incidence of CVDs across North America 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 North America, 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 North America microcatheters market.

North America has been recording growing number of COVID-19 confirmed cases since its outbreak. The outbreak has adversely affected the adoption of and demand for neurovascular devices in neurosurgeries/elective surgeries. Several measures are being taken to prevent the spread of the novel coronavirus that causes COVID-19. Also, the rapidly rising number of COVID-19 confirmed cases have resulted in cancellation of doctor's appointment and decreased demand for the elective neurosurgery. In addition, there is a disruption in supply chain due to long period of lockdown. Moreover, the financial crisis among the masses in North America hampers the growth of the microcatheters market in the region.

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

NORTH AMERICA MICROCATHETERS MARKET SEGMENTATION

By Indication

Neurovascular
Coronary
General Peripheral Vascular

By End User

Hospitals
Ambulatory Surgical Centers
Specialty Clinics

By Country

US
Canada
Mexico

Company Profiles

Boston Scientific Corporation
Medtronic
Merit Medical Systems Inc
Terumo Corporation
Biomerics LLC
Asahi Intecc USA, Inc.
Penumbra, Inc
Stryker Corporation
Teleflex Incorporated

North America Microcatheters Report Scope

Report Attribute	Details
Market size in 2019	US$ 184.49 Million
Market Size by 2027	US$ 354.21 Million
Global CAGR (2020 - 2027)	8.6%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Indication Neurovascular Coronary General Peripheral Vascular By End User Hospitals Specialty Clinics Ambulatory Surgical Centers
Regions and Countries Covered	North America US Canada Mexico
Market leaders and key company profiles	Boston Scientific Corporation Medtronic Merit Medical Systems Inc Terumo Corporation Biomerics LLC Asahi Intecc USA, Inc. Penumbra, Inc Stryker Corporation Teleflex Incorporated

Research Manager

Mrinal Kerhalkar

Manager,
Market Research & Consulting

Mrinal is a seasoned research analyst with over 8 years of experience in Life Sciences Market Intelligence and Consulting. With a strategic mindset and unwavering commitment to excellence, she has built deep expertise in pharmaceutical forecasting, market opportunity assessment, and developing industry benchmarks. Her work is anchored in delivering actionable insights that empower clients to make informed strategic decisions.

Mrinal’s core strength lies in translating complex quantitative datasets into meaningful business intelligence. Her analytical acumen is instrumental in shaping go-to-market (GTM) strategies and uncovering growth opportunities across the pharmaceutical and medical device sectors. As a trusted consultant, she consistently focuses on streamlining workflow processes and establishing best practices, thereby driving innovation and operational efficiency for her clients.

What are the North America Microcatheters Market report deliverables?

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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