Micro guide catheters are used as a support catheter to place guide wires and liquid embolic agent into target place. Micro guide catheters are also used for treatment of different disease category such as cardiovascular disease, neurovascular disease and other invasive surgery. Dramatic improvement in the micro guide cather will increase demand globally.The increasing demand for micro guide catheters is due to better reliability and the improved tensile strength. Treatment of occlusions and selection of micro guide catheter depends on the lesion’s location, its length and the critical status of the patients. The growing prevalence of cardiovascular disease globally will increase the demand for micro guide catheter market. Cardiovascular diseases caused 17.5 million deaths globally in 2015, according to world health organization.
North America dominated the global micro guide catheters market, with a market share of over 38.8% in 2015. Highest market share of North America in micro guide catheters market is attributed to the technological advancement, increasing number of geriatric population and high prevalence of cardiovascular diseases.According to American heart association Cardiovascular disease is the leading global cause of death, accounting for 17.3 million deaths per year and the number that is expected to grow to more than 23.6 million by 2030. These factors will fuel the Micro guide catheters market in North America.
Europe accounting for a share of over 28.1% in terms of revenue in 2015 and is the second most dominant market. According to “Eurostat” Italy, Germany and Greece accounts for large number of geriatric population in Europe, with Italy having 21.4%, followed by Germany with 20.8% Greece 20.5%. Prevalence of cardiovascular disease is also high in these countries. For instance, Germany has one of the highest rates of death due to heart disease higher than U.S. According to theLocal, a Germany’s news more than 310 people per every 100,000 die of cardiovascular diseases each year in Germany. This number is expected to increase in the coming decade.
The Asia Pacific market is expected to expand at a highest CAGR in the forecast period from 2016 to 2024 due to rapid population growth, favorable healthcare insurance, and growing awareness among people are driving the Micro guide catheters market in Asia Pacific. In Asia Pacific Japan is the well developed country. Long life expectancy and low healthcare cost will fuel the japan micro guide catheter market, which will fuel the growth of overall Asia Pacific market. Growing prevalence of lifestyle diseases are another driving factors micro guide catheters market in Asia Pacific. According to American heart association half of the world’s cardiovascular burden is predicted to occur in Asia Pacific region.The growing medical expenditures in emerging economies such as India and China , rapidly rising healthcare R&D investment and presence of high-unmet medical needs will drive the APAC micro guide catheter market
Middle East & Africa and Latin America are the developing countries, which will create good market opportunity for micro guide catheters. The increasing coverage of private health insurance coverage, developed healthcare infrastructure, growing number of population are the factors fuel the Brazil micro guide catheter market. In Brazil Government awareness programme such as Brazilian acquired immunodeficiency syndrome programmes helps in growing awareness among people which is another fueling factor in Brazil. In Latin Americacardiovascular disease is a leading cause of disability and death in adults. Women are more affected by these diseases.
Major players in the global Micro guide catheters market include Cardinal Health, Asahi Intecc Co., Ltd, Cook Medical, Boston Scientific Corporation, Penumbra, Inc., Merit Medical Systems, Inc., Terumo Europe NV, Medtronic Plc, Integer Holdings Corporation, Koninklijke Philips N.V. among others.
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