Australia Microcatheter Market Size & Outlook, 2020-2027
Australia microcatheter market, 2016-2027 (US$M)
Related Markets
Australia microcatheter market highlights
- The Australia microcatheter market generated a revenue of USD 39.7 million in 2020 and is expected to reach USD 57.8 million by 2027.
- The Australia market is expected to grow at a CAGR of 5.5% 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.
Microcatheter market data book summary
| Market revenue in 2020 | USD 39.7 million |
| Market revenue in 2027 | USD 57.8 million |
| Growth rate | 5.5% (CAGR from 2020 to 2027) |
| Largest segment | Dual lumen |
| Fastest growing segment | Dual Lumen |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 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, Australia accounted for 2.2% of the global microcatheter market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China microcatheter market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 96.2 million by 2027.
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Microcatheter Market Scope
Microcatheter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 65.74% in 2020. Horizon Databook has segmented the Australia microcatheter market based on single lumen, dual lumen covering the revenue growth of each sub-segment from 2016 to 2027.
The healthcare industry in Australia is highly efficient and well developed compared with other Asian countries, excluding Japan. Increasing incidence of heart and brain associated strokes and rising healthcare expenditure in Australia are major factors promoting market growth over the forecast period.
For instance, as per study published by the Stroke Foundation in 2018, stroke is one of the leading causes of deaths in Australia and in 2017 there were more than 56,000 recurrent and new stroke cases reported in Australia.
In addition, according to the report published by the Australian Institute of Health and Welfare in 2018, government funding is around two-thirds of all healthcare spending and nongovernment funding is around 33.00%. Therefore, such instances may encourage many new and key players to enter the market, thereby propelling the market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia microcatheter market , including forecasts for subscribers. This country databook contains high-level insights into Australia microcatheter market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Australia microcatheter market size, by product design, 2016-2027 (US$M)
Australia Microcatheter Market Outlook Share, 2020 & 2027 (US$M)
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