North America Micro Guide Catheters Market

North America Micro Guide Catheters Market Size (2023 to 2028):

The size of the North America Micro Guide Catheters Market is valued at USD 66.96 Million in 2023 and is also projected to reach USD 93.09 Million by 2028, forecasted to be growing at a healthy CAGR of 6.81% from 2023 to 2028.

The factors that are driving the growth of the North American micro guide catheters market are a substantial rise in people's inactive lifestyle inclined to cardiovascular and other diseases. An increase in the aging population in North American countries, causing a vast patient pool, is accelerating the market demand. According to a recent survey, people aged 60 years and above were reported to be 962 million in 2017 and is anticipated to increase two times to reach around 2.1 million by 2050. About 84 million people in the United States suffer from cardiovascular diseases leading to 2,200 deaths every day, one death for every 40 seconds. Huge expenses made in healthcare and high patient consciousness in this region are dependent on to assist the micro guide catheter development in the area.

The expensive nature of the surgery hinders the market. Hazards concerned with catheter material and product reproduction can obstruct the growth in the region's micro guide catheter market. Companies like Medtronic and Stryker are reproducing their products of micro guide catheters from the market are to act as barriers in the market.

This research report on the North America Micro Guide Catheters Market has been segmented and sub-segmented into the following categories

By Type:

• Over-the-wire micro guide catheter
• Flow directed micro guide catheter

By Therapeutic Area:

• Neurovascular
• Cardiovascular

By Country:

• The United States
• Canada
• Rest of North America

Regional Analysis:

The North American market is estimated to be the most dominating region in the global micro-guide catheters market due to the high volumes of medical procedures conducted through catheterization. Apart from that, the availability of established healthcare infrastructure, patient compliance, and increased healthcare contribution to the economy are attributable to the above-mentioned observable trend.

Appropriate infrastructure, growing patient obedience with novel technologically advanced treatment is projected to fuel the market growth. Regular increase in neurovascular diseases and increasing demand for minimally invasive processes as it provides quick recovery minimizes hospital stay, manages to bleed, and reduces the risk of hurdles to boost the region's market post-surgery.

The U.S. market is anticipated to lead the region in the micro guide catheters market over the period. Rapid growth in patient count leads to increasing demand for catheters, and early adoption of the technology is to propel the growth. A considerable volume of medical techniques performed through catheterization made the region leader in North America. The usability of infrastructure and technology offers essential development for the region's enlargement during the forecasting framework.

Canada is considered to have rapid growth in the market due to expert professionals' availability in surgery and medication. Advance technologies with a large economy and governing factors foster the micro guide catheters in the region during the estimated period.

Noteworthy Companies dominating the North America Micro Guide Catheters Market Profiled in the Report are Lake Region manufacturing Inc., Boston Scientific Corporation, Volcano Corporation, Micro Therapeutics Inc., LuMend Corporation, Terumo Europe N.V., Covidien AG, ASAHI INTECC Company Limited, and Merit Medical Systems Inc.