Asia Pacific Micro Catheters and Micro Guidewires Market Growth and Recent Trends by 2028
Asia Pacific Micro Catheters and Micro Guidewires Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Micro Catheters and Micro Guidewires), Indication (Urology, Otolaryngology, Oncology, and Others), and End User (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers)
- Report Date : Jul 2021
- Report Code : TIPRE00023720
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 121
The micro catheters and micro guidewires market in APAC is expected to grow from US$ 279.91 million in 2021 to US$ 422.26 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028.
The China, Japan, and India are major economies in APAC. Growing number of product approvals and launches is the major factor driving the growth of APAC micro catheters and micro guidewires market. Extended functionalities and technologies incorporated in new devices are contributing to the rise in demand for micro catheters and micro guidewires. In March 2021, Transit Scientific received CE approval for its XO CrossO Microcatheter platform. The new microcatheter incorporates novel non-tapered design, which offers better functionality. Moreover, the new platform delivers better torque response, trackability, and new pushability levels during a surgical procedure. Further, Also, in May 2019, Embolx, Inc. introduced Sniper K-tip microcatheter under sniper balloon occlusion microcatheter. This newly introduced microcatheter is especially designed for an arterial embolization procedure. Furthermore, in August 2020, Scientia Vascular received FDA approval for its Zoom Wire 14 guidewire. The new device incorporates capabilities to gain access of nervous system during hemorrhagic and ischemic stroke and other associated vascular procedures. Thus, the growing number of product launches and approvals are estimated to offer lucrative opportunities for the growth of the micro catheter and micro guidewires market during the forecast period, which is further anticipated to drive the market in APAC.Countries in Asia Pacific are facing challenges due to increasing incidences of COVID-19. The outbreak of the COVID-19 pandemic has come from China. The spread of infection has affected various Asian countries such as India, South Korea, Australia, Malaysia, Singapore, and others. Countries in Asia Pacific are facing challenges due to increasing incidences of COVID-19. Currently, India is the second worse hit country worldwide. Many measures have been implemented to contain the spread of COVID-19, which have resulted in significant operational disruption for many companies including in the healthcare industry. Staff quarantine, supply-chain failures, and reductions in demand have generated serious complications for companies.The outbreak has severely affected the tourism industry and imposed supply chain disruptions; moreover, low-income countries face additional challenges due to the shortage of healthcare infrastructure, restrictions imposed by hospitals to the suppliers, decreasing in demand of neurovascular devices and others. Restrictive measures have been put forth in South Korea, Malaysia, Singapore, the Philippines, and India to prevent the disease transmission. These restrictive measures are anticipated to impact the supply chain and the availability of medical devices in these countries. It has affected disposable incomes and has also resulted in unemployment. Furthermore, business strategies such as acquisitions, mergers, and partnerships are adversely affected by the imposition of complete lockdown. Such obstructions in business activities are projected to hamper the adoption of various technologically advanced healthcare systems, including microcatheters and micro guidewires 
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APAC Micro Catheters and Micro Guidewires Market Segmentation
APAC Micro Catheters and Micro Guidewires Market – By Product Type
- Micro Catheter
- Micro Guidewire
APAC Micro Catheters and Micro Guidewires Market – By Indications
- Cardiology
- Neurology
- Oncology
- Intravascular Embolization
- Transcatheter Arterial Chemo Embolization
- Urology
- Otolaryngology
- Others
APAC Micro Catheters and Micro Guidewires Market – By End User
- Hospitals
- Ambulatory Surgical Centres
- Specialty Clinics
APAC Micro Catheters and Micro Guidewires Market – By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of APAC
APAC Micro Catheters and Micro Guidewires Market -Companies Mentioned
- B. Braun Melsungen AG
- BD
- Boston Scientific Corporation
- Cardinal Health Inc
- Cook Medical LLC
- Medtronic
- Stryker Corporation
- Teleflex Incorporated
- Terumo Corporation
- Tokai Medical Products, Inc
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Indication, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Micro Catheters and Micro Guidewires Market – By Product Type
1.3.2 APAC Micro Catheters and Micro Guidewires Market – By Indications
1.3.3 APAC Micro Catheters and Micro Guidewires Market – By End User
1.3.4 APAC Micro Catheters and Micro Guidewires Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Micro Catheters and Micro Guidewires – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Asia Pacific– PEST Analysis
4.3 Expert Opinions
5. APAC Micro Catheters and Micro Guidewires Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Significantly Increasing Prevalence of Cardiovascular Diseases
5.1.2 Surging Incidence of Neurovascular Diseases
5.2 Market Restraints
5.2.1 Product Recall and Stringent Regulatory Requirement
5.3 Market Opportunities
5.3.1 Growing Number of Product Approvals and Launches
5.4 Future Trends
5.4.1 Rising Demand for Minimally Invasive Procedures
5.5 Impact Analysis
6. Micro Catheters and Micro Guidewires Market – APAC Analysis
6.1 APAC Micro Catheters and Micro Guidewires Market Revenue Forecast and Analysis
7. APAC Micro Catheters and Micro Guidewires Market Analysis – By Product Type
7.1 Overview
7.2 APAC Micro Catheters and Micro Guidewires Market Revenue Share, by Product Type (2020 and 2028)
7.3 Micro Catheters
7.3.1 Overview
7.3.2 Micro Catheters: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Micro Guidewires
7.4.1 Overview
7.4.2 Micro Guidewires: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Micro Catheters and Micro Guidewires Market Analysis – By Indication
8.1 Overview
8.2 APAC Micro Catheters and Micro Guidewires Market Revenue Share, by Indication (2020 and 2028)
8.3 Cardiology
8.3.1 Overview
8.3.2 Cardiology: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Neurology
8.4.1 Overview
8.4.2 Neurology: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Urology
8.5.1 Overview
8.5.2 Urology: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Otolaryngology
8.6.1 Overview
8.6.2 Otolaryngology: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Oncology
8.7.1 Overview
8.7.2 Oncology: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.7.2.1 Intravascular Embolization Market: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.7.2.1.1 Overview
8.7.2.1.2 Intravascular Embolization Market: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.7.2.2 Transcatheter Arterial Chemo Embolization Market: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.7.2.2.1 Overview
8.7.2.2.2 Transcatheter Arterial Chemo Embolization Market: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Micro Catheters and Micro Guidewires Market Analysis – By End User
9.1 Overview
9.2 APAC Micro Catheters and Micro Guidewires Market Share, by End User, 2020 and 2028, (%)
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Specialty Clinics
9.4.1 Overview
9.4.2 Specialty Clinics: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Ambulatory Surgical Centres
9.5.1 Overview
9.5.2 Ambulatory Surgical Centres: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC Micro Catheters and Micro Guidewires Market – Country Analysis
10.1 Asia Pacific: Microcatheters and Micro Guidewires Market
10.1.1 Overview
10.1.2 Asia Pacific: Microcatheters and Micro Guidewires Market - Revenue and Forecast to 2028 (USD Million)
10.1.3 Asia Pacific Microcatheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
10.1.4 Asia Pacific Microcatheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
10.1.4.1 Asia Pacific Microcatheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
10.1.5 Asia Pacific Microcatheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
10.1.6 Asia Pacific: Microcatheters and Micro Guidewires Market, by Country, 2020 & 2028 (%)
10.1.7 China: Microcatheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
10.1.7.1 China: Microcatheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
10.1.7.2 China Microcatheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
10.1.7.3 China Microcatheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
10.1.7.3.1 China Microcatheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
10.1.7.4 China Microcatheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
10.1.8 Japan: Microcatheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
10.1.8.1 Japan: Microcatheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
10.1.8.2 Japan Microcatheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
10.1.8.3 Japan Microcatheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
10.1.8.3.1 Japan Microcatheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
10.1.8.4 Japan Microcatheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
10.1.9 India: Microcatheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
10.1.9.1 India: Microcatheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
10.1.9.2 India Microcatheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
10.1.9.3 India Microcatheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
10.1.9.3.1 India Microcatheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
10.1.9.4 India Microcatheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
10.1.10 South Korea: Microcatheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
10.1.10.1 South Korea: Microcatheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
10.1.10.2 South Korea Microcatheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
10.1.10.3 South Korea Microcatheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
10.1.10.3.1 South Korea Microcatheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
10.1.10.4 South Korea Microcatheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
10.1.11 Australia: Microcatheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
10.1.11.1 Australia: Microcatheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
10.1.11.2 Australia Microcatheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
10.1.11.3 Australia Microcatheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
10.1.11.3.1 Australia Microcatheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
10.1.11.4 Australia Microcatheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
10.1.12 Rest of Asia Pacific: Microcatheters and Micro Guidewires Market - Revenue and Forecast to 2028 (USD Million)
10.1.12.1 Rest of Asia Pacific: Microcatheters and Micro Guidewires Market - Revenue and Forecast to 2028 (USD Million)
10.1.12.2 Rest of Asia Pacific Microcatheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
10.1.12.3 Rest of Asia Pacific Microcatheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
10.1.12.3.1 Rest of Asia Pacific Microcatheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
10.1.12.4 Rest of Asia Pacific Microcatheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
11. Impact of COVID-19 Pandemic on APAC Micro Catheters and Micro Guidewires Market
11.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
12. APAC Microcatheters and Micro Guidewires Market – Industry Landscape
12.1 Overview
12.2 Organic Developments
12.2.1 Overview
12.3 Inorganic Developments
12.3.1 Overview
13. Company Profiles
13.1 Cardinal Health Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Medtronic
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 BD
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Stryker Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 roducts and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Boston Scientific Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 B. Braun Melsungen AG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Terumo Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Teleflex Incorporated
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Cook Medical LLC
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Tokai Medical Products, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Asia Pacific Microcatheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Asia Pacific Microcatheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
Table 4. Asia Pacific Microcatheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
Table 5. Asia Pacific Microcatheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 6. China Microcatheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 7. China Microcatheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
Table 8. China Microcatheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
Table 9. China Microcatheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 10. Japan Microcatheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 11. Japan Microcatheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
Table 12. Japan Microcatheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
Table 13. Japan Microcatheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 14. India Microcatheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 15. India Microcatheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
Table 16. India Microcatheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
Table 17. India Microcatheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 18. South Korea Microcatheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 19. South Korea Microcatheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
Table 20. South Korea Microcatheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
Table 21. South Korea Microcatheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 22. Australia Microcatheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 23. Australia Microcatheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
Table 24. Australia Microcatheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
Table 25. Australia Microcatheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 26. Rest of Asia Pacific Microcatheters and Micro Guidewires Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 27. Rest of Asia Pacific Microcatheters and Micro Guidewires Market, By Indication – Revenue and Forecast to 2028 (USD Million)
Table 28. Rest of Asia Pacific Microcatheters and Micro Guidewires Market, By Oncology – Revenue and Forecast to 2028 (USD Million)
Table 29. Rest of Asia Pacific Microcatheters and Micro Guidewires Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 30. Organic Developments Done By Companies
Table 31. Inorganic Developments Done By Companies
Table 32. Glossary of Terms, Micro Catheters and Micro Guidewires Market
LIST OF FIGURES
Figure 1. APAC Micro Catheters and Micro Guidewires Market Segmentation
Figure 2. APAC Micro Catheters and Micro Guidewires Market, By Country
Figure 3. APAC Micro Catheters and Micro Guidewires Market Overview
Figure 4. The Micro Catheter Segment Is Expected To Grow Faster By Product Type Segment In APAC Micro Catheters and Micro Guidewires Market
Figure 5. China Is Expected to Show Remarkable Growth During the Forecast Period
Figure 7. Asia pacific PEST Analysis
Figure 8. APAC Micro Catheters and Micro Guidewires Market Impact Analysis of Driver and Restraint
Figure 9. APAC Micro Catheters and Micro Guidewires Market – Revenue Forecast and Analysis – 2020- 2028
Figure 10. APAC Micro Catheters and Micro Guidewires Market Revenue Share, by Product Type (2020 and 2028)
Figure 11. Micro Catheters: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Micro Guidewires: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Micro Catheters and Micro Guidewires Market Revenue Share, by Indication (2020 and 2028)
Figure 14. Cardiology: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Neurology: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Urology: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Otolaryngology: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Oncology: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Intravascular Embolization Market: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Transcatheter Arterial Chemo Embolization Market: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Micro Catheters and Micro Guidewires Market Share, by End User, 2020 and 2028 (%)
Figure 23. Hospitals: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Specialty Clinics: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Ambulatory Surgical Centers: APAC Micro Catheters and Micro Guidewires Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Asia Pacific: Microcatheters and Micro Guidewires Market, by Key Country – Revenue (2020) (USD Million)
Figure 27. Asia Pacific Microcatheters and Micro Guidewires Market Revenue and Forecast to 2028 (USD Million)
Figure 28. Asia Pacific: Microcatheters and Micro Guidewires Market, by Country, 2020 & 2028 (%)
Figure 29. China: Microcatheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
Figure 30. Japan: Microcatheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
Figure 31. India: Microcatheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
Figure 32. South Korea: Microcatheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
Figure 33. Australia: Microcatheters and Micro Guidewires Market – Revenue and Forecast to 2028 (USD Million)
Figure 34. Rest of Asia Pacific: Microcatheters and Micro Guidewires Market - Revenue and Forecast to 2028 (USD Million)
Figure 35. Impact of COVID-19 Pandemic on Microcatheters and Micro Guidewires Market in Asia Pacific Countries
- B. Braun Melsungen AG
- BD
- Boston Scientific Corporation
- Cardinal Health Inc
- Cook Medical LLC
- Medtronic
- Stryker Corporation
- Teleflex Incorporated
- Terumo Corporation
- 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.
- 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.
- 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:
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.
- 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.
- 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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