Spain Microcatheter Market Size & Outlook, 2020-2027
Spain microcatheter market, 2016-2027 (US$M)
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Spain microcatheter market highlights
- The Spain microcatheter market generated a revenue of USD 51.1 million in 2020 and is expected to reach USD 66.4 million by 2027.
- The Spain market is expected to grow at a CAGR of 3.8% 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 51.1 million |
| Market revenue in 2027 | USD 66.4 million |
| Growth rate | 3.8% (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, Spain accounted for 2.8% 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 Europe, Germany microcatheter market is projected to lead the regional market in terms of revenue in 2027.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 130.5 million by 2027.
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Microcatheter Market Scope
Microcatheter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 63.99% in 2020. Horizon Databook has segmented the Spain microcatheter market based on single lumen, dual lumen covering the revenue growth of each sub-segment from 2016 to 2027.
In Europe, the Spanish medical device market is highly dependent on imported medical devices. Several local companies are focusing on expanding their businesses worldwide. High incidence rate of neurovascular and heart diseases as well as increasing awareness toward treatment in Spain are major drivers of the market growth.
For instance, as per the report published by Barcelona Institute of Global Health in 2018, around 14.6% of deaths in Spain were caused by acute ischemic stroke. Whereas, according to an article published by Revista Espanola de Cardiologic, the official publication of the Spanish Society of Cardiology.
In March 2017, cardiovascular diseases accounted for around 29.7% of the total number of deaths in the country. In addition, favorable healthcare system in Spain may also encourage many new 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 Spain microcatheter market , including forecasts for subscribers. This country databook contains high-level insights into Spain microcatheter market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Spain microcatheter market size, by product design, 2016-2027 (US$M)
Spain Microcatheter Market Outlook Share, 2020 & 2027 (US$M)
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