India Microcatheter Market Size & Outlook, 2020-2027
India microcatheter market, 2016-2027 (US$M)
Related Markets
India microcatheter market highlights
- The India microcatheter market generated a revenue of USD 48.7 million in 2020 and is expected to reach USD 71.4 million by 2027.
- The India market is expected to grow at a CAGR of 5.6% 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 48.7 million |
| Market revenue in 2027 | USD 71.4 million |
| Growth rate | 5.6% (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, India accounted for 2.6% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Microcatheter Market Scope
Microcatheter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 63.86% in 2020. Horizon Databook has segmented the India microcatheter market based on single lumen, dual lumen covering the revenue growth of each sub-segment from 2016 to 2027.
The growth of the microcatheters market in India can be attributed to increasing government initiatives and rising incidence of cardiovascular and neurovascular diseases. The Indian government has introduced favorable policies such as National Health Policy (NHP) to ensure improved healthcare outcomes.
Moreover, a 12.0% Goods and Services Tax (GST) was introduced all over India with effect from July 2017. This new GST rate was focused toward reducing manufacturing costs, thereby benefitting Indian consumers and local medical equipment manufacturers.
For instance, the Indian Stroke Association and the Bangalore Neurological Society organized the Indian National Stroke Conference from 20th March to 22nd March 2020 in Bangalore, India, with an aim to create awareness regarding the treatment of acute ischemic stroke.
Reasons to subscribe to India microcatheter market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of India microcatheter market databook
-
Our clientele includes a mix of microcatheter market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India microcatheter market , including forecasts for subscribers. This country databook contains high-level insights into India microcatheter market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
India microcatheter market size, by product design, 2016-2027 (US$M)
India Microcatheter Market Outlook Share, 2020 & 2027 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
