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)
Request Now
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. Get more information on this report : 
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
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America microcatheters market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in North America microcatheters market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.