DUBLIN--(BUSINESS WIRE)--Sep 6, 2018--The "Global Micro Guided Catheter Market - Segmented by Product Type, Indication, End-users, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global micro guided catheter market is expected to register a CAGR of about 7.6% over the forecast period 2018-2023. North America is expected to maintain dominance.

Technological Advancements

Remote controlled catheter navigation systems have recently been introduced into minimally invasive vascular surgery and some of them have already been applied in clinical practice.Steerable catheters are rapidly evolving and still require technological refinements to extend current capabilities. This will act as driver for the market growth in the forecast period.Other factors that will affect market growth positively include increase in adoption of minimally invasive surgeries,

Significant Product Recalls

Major companies like Medtronic and Stryker are recalling their micro guide catheter products from the market. Strykers neurovascular division recalled for Boston Scientifics Guider guide catheter it distributes over issues with an incomplete seal that could lead to blood loss.These factors affect the image of these products and hence the perception of user and healthcare providers towards the products. These will be detrimental to the growth micro guide catheters market and will act as a restraint for the market.Other factors that will act as restraints for the market include lack of reimbursement policies in emerging markets.

Key Development in the Market

FDA has granted Teleflex clearance to market its TrapLiner catheter, a device designed for use in accessing the peripheral and coronary vasculature along with guide catheters. The device comes with an integrated balloon to allow a standard 0.014-inch guide wire to be trapped inside a guide catheter.Companies FeaturedAsahi Intecc Co. Ltd.Boston Scientific CorporationCardinal HealthCook MedicalInteger Holdings CorporationKoninklijke Philips N.V.Medtronic PLCMerit Medical Systems Inc.Penumbra Inc.Terumo Europe N.V.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

7. Market Segmentation

8. Competitive Landscape

9. Key Players

10. Future of the Market

For more information about this report visit https://www.researchandmarkets.com/research/c3z358/micro_guided?w=4

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Related Topics:Catheters

KEYWORD:

INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/06/2018 07:55 AM/DISC: 09/06/2018 07:55 AM

http://www.businesswire.com/news/home/20180906005443/en