Microcatheters Market Size (2024 - 2029)

Microcatheters Market Analysis

The Microcatheters Market size is estimated at USD 1.68 billion in 2024, and is expected to reach USD 2.06 billion by 2029, growing at a CAGR of 4.10% during the forecast period (2024-2029).

Growing cases of chronic diseases, government support, a rising aging population, and rising minimally invasive procedures are the major factors boosting the growth of the microcatheters market.

The rising incidence of chronic diseases such as cardiovascular diseases, neurovascular disorders, and cancer is driving the market demand. These conditions often require minimally invasive interventions, where microcatheters play a critical role. As the patients prioritized minimizing hospital stays and infection risks, minimally invasive procedures utilizing crucial microcatheter instruments for angiography, embolization, and neuro interventions witnessed a significant boost in the market studied. For instance, according to the data published by Eurostat in October 2023, 1.1 million transluminal coronary angioplasty procedures were performed in 2022 across 23 European countries. Such a high number of procedures creates demand for the products and thus drives the growth of the market.

In addition, as the world’s population ages, the number of individuals with age-related chronic conditions requiring minimally invasive procedures increases. For instance, in July 2022, the Department of Economic and Social Affairs stated that the world’s geriatric population is expected to rise from 10% in 2022 to 16% in 2050.

By continuously developing and launching new technologies, manufacturers contribute to improving patient care and expanding the global market. The launch of new microcatheters by manufacturers plays an important role in driving the market. For instance, in March 2023, Merit Medical Systems expanded SwiftNINJA's steerable microcatheter product line with a new size, i.e., a low profile 2.4 F distal diameter option in 125 cm and a longer 150 cm lens.

The incidence of stroke affects millions annually, and microcatheters play a crucial role in treating it. For instance, in May 2023, according to the data published by the Centers for Disease Control and Prevention (CDC), nearly 87% of cases reported were ischemic strokes caused by blocked blood flow to the brain. Also, the National Board of Health and Welfare of Sweden, in November 2022, stated that around 26,800 strokes occurred in individuals in 2022. Aging often leads to changes in the vascular systems, including increased tortuosity and calcification of arteries. Microcatheters, with a small size and flexible design, offer high mobility and access to these challenging body structures.

With the growing cases of strokes, manufacturers are launching new technologies, and the rising geriatric population is expected to drive the growth of the microcatheters market. However, the high cost of development and manufacturing of microcatheters may hinder the growth of the market.

Microcatheters Industry Segmentation

Microcatheters are long, extremely thin tubes used in minimally invasive procedures to access and navigate through narrow blood vessels or other delicate areas within the body. They are thin, flexible, steerable, and multifunctional. 

The microcatheters market is segmented by product, design, application, end user, and geography. By product, the market is segmented into delivery microcatheters, diagnostic microcatheters, aspiration microcatheters, and steerable microcatheters. By design, the market is segmented into single-lumen microcatheters and dual-lumen microcatheters. By application, the market is segmented into cardiovascular, neurology, oncology, otolaryngology, and other applications. By end user, the market is segmented into hospitals, clinics, and ambulatory surgical centers. The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers market size and forecast in terms of value (USD) for the above segments.