Asia Pacific Microcatheter Market Size & Outlook
Asia Pacific microcatheter market, 2016-2027 (US$M)
Related Markets
Asia Pacific microcatheter market highlights
- The Asia Pacific microcatheter market generated a revenue of USD 392.6 million in 2020.
- The market is expected to grow at a CAGR of 5.4% from 2021 to 2027.
- In terms of segment, dual lumen was the largest revenue generating product design in 2020.
- Dual Lumen is the most lucrative product design segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2021 to 2027.
Asia Pacific data book summary
| Market revenue in 2020 | USD 392.6 million |
| Market revenue in 2027 | USD 566.5 million |
| Growth rate | 5.4% (CAGR from 2020 to 2027) |
| Largest segment | Dual lumen |
| Fastest growing segment | Dual Lumen |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Lumen, Dual Lumen |
| Key market players worldwide | Medtronic PLC, Terumo Corp, Merit Medical Systems Inc, Stryker Corp, Penumbra Inc, Boston Scientific Corp, Teleflex Inc, Asahi Intecc Co Ltd, Surmodics Inc, BioCardia Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.3% of the global microcatheter market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 566.5 million by 2027.
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Microcatheter Market Scope
Microcatheter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific microcatheter market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microcatheter market will help companies and investors design strategic landscapes.
Dual lumen was the largest segment with a revenue share of 64.9% in 2020. Horizon Databook has segmented the Asia Pacific microcatheter market based on single lumen, dual lumen covering the revenue growth of each sub-segment from 2016 to 2027.
The Asia Pacific microcatheter market is anticipated to exhibit lucrative growth during the forecast period. The presence of a large patient base and unmet needs with regard to minimally invasive techniques are expected to present significant growth opportunities for microcatheter market over this region.
Moreover, rising preference for clinical trials and high R&D investments by global market players owing to their low cost structure are also high impact rendering drivers of the market in the Asia Pacific region. Rising awareness about chronic disease treatment and improvements in clinical development framework of developing economies are expected to drive market growth in this region.
Developing countries such as India and China are expected to capture a significant share of the market during the forecast period. Factors such as increasing population base who are more prone to cardiovascular and neurological disorders are also contributing to market growth in Asia Pacific.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific microcatheter market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific microcatheter market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Asia Pacific microcatheter market size, by country, 2016-2027 (US$M)
Asia Pacific Microcatheter Market Outlook Share, 2020 & 2027 (US$M)
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