The Asia Pacific microcatheters market is expected to reach US$ 166.98 million by 2027 from US$ 85.05 million in 2019; it is estimated to grow at a CAGR of 8.9% 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 Asia Pacific. 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 WHO data published in 2017, ~17.9 million people died from CVDs in 2016, which was 31.0% of all the global deaths in that year. Therefore, the significantly rising incidence of CVDs across Asia Pacific 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 Asia Pacific, 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 Asia Pacific microcatheters market
Countries in Asia Pacific are facing challenges due to increasing incidence of COVID-19. The outbreak has restricted supply chain operations. Moreover, low-income countries are facing additional challenges due to the shortage of healthcare infrastructure and decreasing demand for neurovascular devices due to surging COVID-19 cases. Restrictive measures like complete lockdown by several countries are restricting supply chain and the availability of medical devices in these countries. Hence, obstructions in business activities such as the imposition of complete lockdown hamper the adoption of various technologically advanced healthcare systems, including microcatheters.
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ASIA PACIFIC MICROCATHETERS MARKET SEGMENTATION
By Indication
- Neurovascular
- Coronary
- General Peripheral Vascular
By End User
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
By Country
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Company Profiles
- Boston Scientific Corporation
- Medtronic
- Merit Medical Systems Inc
- Terumo Corporation
- Penumbra, Inc
- Stryker Corporation
- Teleflex Incorporated
- Asahi Intecc USA, Inc.
- Tokai Medical Products, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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 Asia Pacific Microcatheters Market – By Indication
1.3.2 Asia Pacific Microcatheters Market – By End User
1.3.3 Asia Pacific Microcatheters Market – By Country
2. Microcatheters Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Microcatheters Market– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Asia Pacific– PEST Analysis
4.3 Expert Opinions
5. Asia Pacific Microcatheter Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Escalating Prevalence of Cardiovascular Diseases
5.1.2 Increasing Incidence of Neurovascular Diseases
5.1.3 Surge in Elderly Population
5.2 Key Market Restraints
5.2.1 Product Recall and Stringent Regulatory Requirements
5.2.2 Lack of Expert Professionals
5.3 Key Market Opportunities
5.3.1 Growth Avenues in Developing Nations
5.4 Future Trends
5.4.1 Rising Demand for Minimally Invasive Procedures
6. Microcatheters Market – Asia Pacific Analysis
6.1 Asia Pacific Microcatheters Market Revenue Forecast and Analysis
7. Microcatheters Market Analysis – By Indication
7.1 Overview
7.2 Microcatheters Market Revenue Share, by Indication (2019 and 2027)
7.3 Coronary
7.3.1 Overview
7.3.2 Coronary: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Neurovascular
7.4.1 Overview
7.4.2 Neurovascular: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
7.5 General Peripheral Vascular
7.5.1 Overview
7.5.2 General Peripheral Vascular: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
8. Microcatheters Market Analysis – By End User
8.1 Overview
8.2 Microcatheters Market Share, by End User, 2019 and 2027, (%)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Specialty Clinics
8.4.1 Overview
8.4.2 Specialty Clinics: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Ambulatory Surgical Centres
8.5.1 Overview
8.5.2 Ambulatory Surgical Centers: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
9. Microcatheters Market – Asia Pacific Analysis
9.1 Asia Pacific: Microcatheters Market
9.1.1 Overview
9.1.2 Asia Pacific: Microcatheters Market, by Country, 2019 & 2027 (%)
9.1.3 China: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.3.1 China: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.3.2 China Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
9.1.3.3 China Microcatheters Market, By End User – Revenue and Forecast to 2027 (USD Million)
9.1.4 Japan: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.4.1 Japan: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.4.2 Japan Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
9.1.4.3 Japan Microcatheters Market, By End User – Revenue and Forecast to 2027 (USD Million)
9.1.5 India: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.5.1 India: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.5.2 India Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
9.1.5.3 India Microcatheters Market, By End User – Revenue and Forecast to 2027 (USD Million)
9.1.6 South Korea: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.1 South Korea: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.2 South Korea Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
9.1.6.3 South Korea Microcatheters Market, By End User – Revenue and Forecast to 2027 (USD Million)
9.1.7 Australia: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.7.1 Australia: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
9.1.7.2 Australia Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
9.1.7.3 Australia Microcatheters Market, By End User – Revenue and Forecast to 2027 (USD Million)
10. Impact of COVID-19 Pandemic on Asia Pacific Microcatheters Market
10.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11. Microcatheters Market – Industry Landscape
11.1 Overview
11.2 Organic Developments
11.2.1 Overview
11.3 Inorganic Developments
11.3.1 Overview
12. Company Profiles
12.1 Boston Scientific Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Medtronic
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Merit Medical Systems Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Terumo Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Tokai Medical Products, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Asahi Intecc USA, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Penumbra, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Stryker Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Teleflex Incorporated
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. China Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
Table 2. China Microcatheters Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 3. Japan Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
Table 4. Japan Microcatheters Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 5. India Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
Table 6. India Microcatheters Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 7. South Korea Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
Table 8. South Korea Microcatheters Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 9. Australia Microcatheters Market, By Indication – Revenue and Forecast to 2027 (USD Million)
Table 10. Australia Microcatheters Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 11. Organic Developments Done by Companies
Table 12. Inorganic Developments Done by Companies
Table 13. Glossary of Terms, Microcatheters Market
LIST OF FIGURES
Figure 1. Microcatheters Market Segmentation
Figure 2. Microcatheters Market, By Country
Figure 3. Asia Pacific Microcatheters Market Overview
Figure 4. The Coronary Segment Is Expected to Grow Faster by Indication Segment in Microcatheters Market
Figure 5. Asia Pacific Microcatheters Market- Leading Country Markets (USD Million)
Figure 6. Asia pacific PEST Analysis
Figure 7. Microcatheter Market Impact Analysis of Driver and restraint
Figure 8. Asia Pacific Microcatheters Market – Revenue Forecast and Analysis – 2020- 2027
Figure 9. Microcatheters Market Revenue Share, by Indication (2019 and 2027)
Figure 10. Coronary: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Neurovascular: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. General Peripheral Vascular: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Microcatheters Market Share, by End User, 2019 and 2027 (%)
Figure 14. Hospitals Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Specialty Clinics: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Ambulatory Surgical Centers: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Asia Pacific: Microcatheters Market, by Key Country – Revenue (2019) (USD Million)
Figure 18. Asia Pacific: Microcatheters Market, by Country, 2019 & 2027 (%)
Figure 19. China: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
Figure 20. Japan: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
Figure 21. India: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
Figure 22. South Korea: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
Figure 23. Australia: Microcatheters Market – Revenue and Forecast to 2027 (USD Million)
Figure 24. Impact of COVID-19 Pandemic on Microcatheters Market in Asia Pacific Countries
The List of Companies - Asia Pacific Microcatheters Market
- Boston Scientific Corporation
- Medtronic
- Merit Medical Systems Inc
- Terumo Corporation
- Asahi Intecc USA, Inc.
- Penumbra, Inc
- Stryker Corporation
- Teleflex Incorporated
- 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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