March 1, 2024
Micro Guide Catheters Market

The Global Micro Guide Catheters Market Driven By Increasing Prevalence Of Cardiovascular Disease Is Estimated To Be Valued At US$ 197.83 Mn In 2023

Micro guide catheters are specialized catheter tubes used in angiographic procedures to assist in introducing and guiding other devices like stents, guidewires, and balloons into coronary arteries. They provide better maneuverability and support during complex cardiovascular procedures. The growing demand for minimally invasive treatment of coronary artery disease and rising cases of angioplasty have boosted the adoption of micro guide catheters globally. Some key advantages offered by these catheters include excellent torque control and pushability for precise navigation through complex vessel anatomy. They facilitate selective cannulation of coronary ostia which is crucial for effective percutaneous coronary intervention (PCI).

The global Micro Guide Catheters Market is estimated to be valued at US$ 197.83 Mn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the primary trends driving the micro guide catheters market growth is the increasing adoption of primary PCI or direct stenting technique. This technique involves placing a stent without pre-dilatation of the blockages using balloons. Micro guide catheters play a vital role in primary PCI as they allow optimal placement of stents in small vessels and tortuous anatomy. Their superior mechanics offer precision required for direct stenting interventions. Another notable trend is the technological advancements in catheter tip design and distal shaft flexibility. This has enabled micro guide catheters to access more complex lesions with excellent backup support. Their continuous improvements like lower profiles and enhanced manipulation further boost adoption rate among clinicians.

Porter’s Analysis

Threat of new entrants: The threat of new entrants in the micro guide catheters market is moderate as there is a high risk associated and substantial amount of investment requirement for research and development.
Bargaining power of buyers: The bargaining power of buyers in the micro guide catheters market is high as there are many established players offering substitutes.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many suppliers of raw materials providing variety of options to manufacturers.
Threat of new substitutes: The threat of substitutes in the micro guide catheters market is moderate as there are alternate options available for minimally invasive surgeries.
Competitive rivalry: The competitive rivalry in the micro guide catheters market is high due to presence of many international and domestic players offering similar products.

Key Takeaways

The global Micro Guide Catheters Market Growth is expected to witness high growth. The global Micro Guide Catheters Market is estimated to be valued at US$ 197.83 Mn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030.

Regional analysis related content comprises Asia Pacific region is expected to witness fastest growth in the micro guide catheters market during the forecast period owing to increasing healthcare expenditure and rising disposable income.

Key players related content comprises Key players operating in the Micro Guide Catheters Market are Zeal, and others. Zeal holds a significant share in the market and offers a wide range of micro guide catheters.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it