The global micro guide catheter market is estimated to grow at a CAGR of 7.5 percent from 2016 to 2024 and is expected to reach USD 242 million by the end of 2024, according to Market Research Hub. Increasing number of cardiovascular diseases, which leads to the global cause of death, is a major factor that fuels the demand for micro guide catheters.
Growing geriatric population, early adoption of advanced treatment procedures, negative lifestyle, and an increasing number of embolization procedures are estimated to boost the market growth. Over-the-wire catheter is growing at a considerable CAGR from 2016 to 2014 owing to its several advantages and applications. Based on indication, the micro guide catheters are segmented into cardiovascular diseases, neurovascular diseases, and others. The cardiovascular segment is expected to grow at a highest CAGR between 2016 and 2024.
Major players identified in the global 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, and Koninklijke Philips N.V., among others.