U.S. Microcatheter Market Size & Outlook, 2020-2027
U.S. microcatheter market, 2016-2027 (US$M)
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U.S. microcatheter market highlights
- The U.S. microcatheter market generated a revenue of USD 496.6 million in 2020 and is expected to reach USD 632.7 million by 2027.
- The U.S. market is expected to grow at a CAGR of 3.5% 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 496.6 million |
| Market revenue in 2027 | USD 632.7 million |
| Growth rate | 3.5% (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, U.S. accounted for 26.9% 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 North America, U.S. microcatheter market is projected to lead the regional market in terms of revenue in 2027.
- Canada is the fastest growing regional market in North America and is projected to reach USD 139.2 million by 2027.
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Microcatheter Market Scope
Microcatheter Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 63.13% in 2020. Horizon Databook has segmented the U.S. microcatheter market based on single lumen, dual lumen covering the revenue growth of each sub-segment from 2016 to 2027.
Growing prevalence of heart diseases and strokes as well as rising preference for minimally invasive surgeries are among the key factors driving the growth of the microcatheters market in the U.S. As per the Center for Disease Control and Prevention (CDC), in U.S. heart disease is the leading cause of death and it accounts for 647,000 deaths each year.
In addition, stroke is the fifth leading cause of death and more than 140,000 people are killed due to cerebrovascular stroke each year in the U.S. Thus, increasing prevalence of cardiovascular and neurovascular disorders increasing awareness among individuals about associated diseases are driving the market growth in this country.
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Our clientele includes a mix of microcatheter market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. microcatheter market , including forecasts for subscribers. This country databook contains high-level insights into U.S. microcatheter market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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U.S. microcatheter market size, by product design, 2016-2027 (US$M)
U.S. Microcatheter Market Outlook Share, 2020 & 2027 (US$M)
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