Europe and Middle East & Africa Cardiac Microcatheter Market to Grow at a CAGR of 6.1% to reach US$ 136.05 million from 2023 to 2028
The Europe and Middle East & Africa cardiac microcatheter market was valued at US$ 95.76 million in 2022 and is expected to reach US$ 136.05 million by 2028; it is estimated to register a CAGR of 6.1% from 2023 to 2028.
The Europe and Middle East & Africa cardiac microcatheter market is bifurcated on the basis of indication and end user. Based on indication, the market is bifurcated into general peripheral vascular and coronary. Based on end user, the market is segmented into hospitals, specialty clinics, and ambulatory surgical centers. This report offers insights and in-depth analysis of the market, emphasizing parameters, such as market trends and market dynamics, along with the competitive analysis of the leading market players in Europe and Middle East & Africa.
Market Insights
Upsurge in New Product Approvals, Launches, and Awareness in Field of Cardiac Microcatheters
As a coronary interventional tool, microcatheters support the performance of invasive endovascular procedures by fulfilling a wide range of functions in these complex vascular anatomies. Manufacturers are investing in research and development of technologies, which has led to the development of new and advanced products, along with an upsurge in product approvals in Europe and Middle East & Africa.
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Europe and Middle East & Africa Cardiac Microcatheters Market: Strategic Insights
Market Size Value in US$ 95.76 million in 2022 Market Size Value by US$ 136.05 million by 2028 Growth rate CAGR of 6.1% from 2023 to 2028 Forecast Period 2023-2028 Base Year 2022
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Europe and Middle East & Africa Cardiac Microcatheters Market: Strategic Insights
| Market Size Value in | US$ 95.76 million in 2022 |
| Market Size Value by | US$ 136.05 million by 2028 |
| Growth rate | CAGR of 6.1% from 2023 to 2028 |
| Forecast Period | 2023-2028 |
| Base Year | 2022 |
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A few product approvals and developments are listed below:
- In 2019, Navitian, a new coronary microcatheter from iVascular, received the CE mark approval. The device was approved to facilitate, guide, and support a guidewire while accessing the coronary system, exchanging guidewires, and injecting radiopaque contrast media or saline solutions.
- In 2021, Baylis Medical announced the launch of the first clinical case of the JLL 2-French electrophysiology microcatheter in Europe. The launch enables physicians to reach previously inaccessible areas of the heart for procedure mapping, thereby introducing the smallest diagnostic catheter available in the European market. The 2F microcatheter also allows mapping and pacing in smaller anatomy such as the Vein of Marshall (VOM).
- In 2020, Acist Medical Systems Inc., a Bracco Group Company, announced the global launch of its Acist Navvus II Rapid Exchange fractional flow reserve (FFR) microcatheter, the second-generation microcatheter for use with its Acist RXi Rapid Exchange FFR System. FFR measurements provide an assessment of arterial lesion severity and inform intervention strategy in both diagnosis and treatment of coronary artery disease.
Moreover, in 2023, Al Qassimi Hospital in the UAE and Philips have partnered to allow access to Ultra-Low Contrast Percutaneous Coronary Intervention (ULC-PCI) to more patients in the Middle East, Turkey, and Africa. The new ULC-PCI Interventional Cardiology course at Al Qassimi Hospital is part of a global education program by Philips to share knowledge regarding the technology that can offer low-contrast, minimally invasive treatment for coronary artery disease, thereby spreading awareness among patients. Therefore, a surge in new product approvals, launches, and awareness in the field of cardiac microcatheters is expected to fuel the Europe and Middle East & Africa cardiac microcatheters market growth during the forecast period.
Indication Insights
Based on indication, the Europe and Middle East & Africa cardiac microcatheter market is bifurcated into general peripheral vascular and coronary. The coronary segment accounted for a larger market share in 2022 and is expected to register a higher CAGR in the Europe and Middle East & Africa cardiac microcatheter market. According to a study, “Cardiovascular Diseases in Central and Eastern Europe,” published in 2020, cardiovascular diseases are the leading cause of death in Europe, accounting for 45% of all deaths. There is a high prevalence of cardiovascular risk factors in Central and Western Europe, owing to smoking habits and heavy drinking consumption rates among men. More than 4 million Europeans die yearly from cardiovascular diseases, mainly coronary artery disease and stroke.
Cardiac Microcatheter Market, by Indication – 2022 and 2028
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End User Insight
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Based on end user, the Europe and Middle East & Africa cardiac microcatheter market is segmented into hospitals, specialty clinics, ambulatory surgical centers. The hospitals segment accounted for the largest market share in 2022. However, the specialty clinics segment is expected to register the highest CAGR of the Europe and Middle East & Africa cardiac microcatheter market during the forecast period.
Company Profiles
- Boston Scientific Corp
- Teleflex Inc
- Medtronic Plc
- OrbusNeich Medical Group Holdings Ltd
- Asahi Intecc USA Inc
- Merit Medical Systems Inc
- Nipro Corp
- Terumo Corp
- Tokai Medical Products Inc.
- Integer Holdings Corp
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Indication, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
France, Germany, Italy, Saudi Arabia, South Africa, Spain, United Arab Emirates, United Kingdom
Frequently Asked Questions
The factors driving the cardiac microcatheter market growth, includes high prevalence of cardiovascular diseases and growing use of percutaneous coronary intervention (PCI) for treating chronic total occlusions (CTO).
The cardiac microcatheter market is expected to be valued at US$ 136.05 million in 2028.
The cardiac microcatheter market, by indication, is bifurcated into coronary and general peripheral vascular. The coronary segment held the larger market share in 2022 and anticipated to register the higher CAGR in the market during forecast period.
The market is estimated to grow at a CAGR of 6.1% during the forecast period.
The cardiac microcatheter market was valued at US$ 95.76 million in 2022.
Microcatheter is defined as a small diameter catheter that is used in minimally invasive procedures for delivering devices. Its small build makes it ideal for navigating complex vasculature within the human body. It is used for guidewire support, exchanges, to access distal anatomy, cross lesions, deliver therapeutic embolic, inject contrast media, and perform other procedures in complex endovascular procedures. Microcatheters are also commonly used in percutaneous coronary intervention (PCI).
The cardiac microcatheter market majorly consists of the players, such as Boston Scientific Corp, Teleflex Inc, Medtronic Plc, OrbusNeich Medical Group Holdings Ltd, Asahi Intecc USA Inc, Merit Medical Systems Inc, Nipro Corp, Terumo Corp, Tokai Medical Products Inc, Integer Holdings Corp.
1. Introduction 18
1.1 Scope of the Study. 18
1.2 The Insight Partners Research Report Guidance. 19
1.3 Market Segmentation. 20
1.3.1 Europe and Middle East & Africa Cardiac Microcatheter Market – by Indication. 22
1.3.2 Europe and Middle East & Africa Cardiac Microcatheter Market – by End User 22
1.3.3 Europe and Middle East & Africa Cardiac Microcatheter Market – by Geography. 22
2. Europe and Middle East & Africa Cardiac Microcatheter Market – Key Takeaways 24
3. Research Methodology 27
3.1 Coverage. 28
3.2 Secondary Research. 28
3.3 Primary Research. 29
4. Cardiac Microcatheter Market – Market Landscape 30
4.1 Overview.. 30
4.2 PEST Analysis. 31
4.3 Experts’ Opinion. 33
5. Cardiac Microcatheter Market – Key Market Dynamics 34
5.1 Market Drivers. 34
5.1.1 High Prevalence of Cardiovascular Diseases. 34
5.1.2 Growing Use of Percutaneous Coronary Intervention (PCI) for Treating Chronic Total Occlusions (CTO) 35
5.2 Market Restraints. 36
5.2.1 Complications and Failures Related to Usage of Cardiac Microcatheters. 36
5.3 Market Opportunity. 37
5.3.1 Increasing Healthcare Spending and Government-led Initiatives Regarding Heart Health. 37
5.4 Future Trends. 38
5.4.1 Surge in New Product Approvals, Launches, and Awareness in Field of Cardiac Microcatheters. 38
5.1 Impact Analysis of Drivers and Restraints. 39
6. Europe and Middle East & Africa Cardiac Microcatheter Market Analysis 40
6.1 Europe and Middle East & Africa Cardiac Microcatheter Market Revenue Forecast and Analysis. 40
6.1.1 Market Positioning of Key Players in Cardiac Microcatheter Market 41
6.1.1.1 Medtronic Plc. 41
6.1.1.2 Boston Scientific Corp. 42
7. Europe and Middle East & Africa Cardiac Microcatheter Market Analysis – by Indication 43
7.1 Overview.. 43
7.2 Coronary. 44
7.2.1 Overview.. 44
7.2.2 Coronary: Europe and MEA Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million) 44
7.3 General Peripheral Vascular 46
7.3.1 Overview.. 46
7.3.2 General Peripheral Vascular: Europe and MEA Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million) 46
8. Europe and Middle East & Africa Cardiac Microcatheter Market Analysis – by End User 48
8.1 Overview.. 48
8.2 Hospitals. 49
8.2.1 Overview.. 49
8.2.2 Hospitals: Europe and MEA Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million) 49
8.3 Specialty Clinics. 51
8.3.1 Overview.. 51
8.3.2 Specialty Clinics: Europe and MEA Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million) 51
8.4 Ambulatory Surgical Centers. 53
8.4.1 Overview.. 53
8.4.2 Ambulatory Surgical Centers: Europe and MEA Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million) 53
9. Europe and Middle East & Africa Cardiac Microcatheter Market 55
9.1 Europe. 55
9.1.1 Overview.. 55
9.1.2 Europe Cardiac Microcatheter Market – Revenue and Forecast to 2028 (US$ Million) 57
9.1.3 Europe Cardiac Microcatheter Market, by Indication, 2020–2028 (US$ Million) 58
9.1.4 Europe Cardiac Microcatheter Market, by End User, 2020–2028 (US$ Million) 58
9.1.4.1 UK. 60
9.1.4.1.1 Overview.. 60
9.1.4.1.2 UK Cardiac Microcatheter Market – Revenue and Forecast to 2028 (US$ Million) 60
9.1.4.1.3 UK Cardiac Microcatheter Market, by Indication, 2020–2028 (US$ Million) 61
9.1.4.1.4 UK Cardiac Microcatheter Market, by End User, 2020–2028 (US$ Million) 62
9.1.4.2 Germany. 63
9.1.4.2.1 Overview.. 63
9.1.4.2.2 Germany Cardiac Microcatheter Market – Revenue and Forecast to 2028 (US$ Million) 63
9.1.4.2.3 Germany Cardiac Microcatheter Market, by Indication, 2020–2028 (US$ Million) 64
9.1.4.2.4 Germany Cardiac Microcatheter Market, by End User, 2020–2028 (US$ Million) 65
9.1.4.3 France. 66
9.1.4.3.1 Overview.. 66
9.1.4.3.2 France Cardiac Microcatheter Market – Revenue and Forecast to 2028 (US$ Million) 66
9.1.4.3.3 France Cardiac Microcatheter Market, by Indication, 2020–2028 (US$ Million) 67
9.1.4.3.4 France Cardiac Microcatheter Market, by End User, 2020–2028 (US$ Million) 68
9.1.4.4 Italy. 69
9.1.4.4.1 Overview.. 69
9.1.4.4.2 Italy Cardiac Microcatheter Market – Revenue and Forecast to 2028 (US$ Million) 69
9.1.4.4.3 Italy Cardiac Microcatheter Market, by Indication, 2020–2028 (US$ Million) 70
9.1.4.4.4 Italy Cardiac Microcatheter Market, by End User, 2020–2028 (US$ Million) 71
9.1.4.5 Spain. 72
9.1.4.5.1 Overview.. 72
9.1.4.5.2 Spain Cardiac Microcatheter Market – Revenue and Forecast to 2028 (US$ Million) 72
9.1.4.5.3 Spain Cardiac Microcatheter Market, by Indication, 2020–2028 (US$ Million) 73
9.1.4.5.4 Spain Cardiac Microcatheter Market, by End User, 2020–2028 (US$ Million) 74
9.1.4.6 Rest of Europe Cardiac Microcatheter Market – Revenue and Forecast to 2028 (US$ Million) 75
9.1.4.6.1 Overview.. 75
9.1.4.6.2 Rest of Europe Cardiac Microcatheter Market – Revenue and Forecast to 2028 (US$ Million) 75
9.1.4.6.3 Rest of Europe Cardiac Microcatheter Market, by Indication – Revenue and Forecast to 2028 (US$ Million) 76
9.1.4.6.4 Rest of Europe Cardiac Microcatheter Market, by End User – Revenue and Forecast to 2028 (US$ Million) 77
9.2 Middle East & Africa. 78
9.2.1 Overview.. 78
9.2.2 Middle East & Africa Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million) 79
9.2.3 Middle East & Africa: Cardiac Microcatheters Market- Revenue and Forecasts to 2028, By Indication (US$ Million) 80
9.2.4 Middle East & Africa: Cardiac Microcatheters Market- Revenue and Forecasts to 2028, By End User (US$ Million) 80
9.2.5 Middle East & Africa: Cardiac Microcatheters Market- Revenue and Forecasts to 2028, By Country (%) 81
9.2.5.1 Saudi Arabia: Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million) 82
9.2.5.1.1 Overview.. 82
9.2.5.1.2 Saudi Arabia: Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million) 82
9.2.5.1.3 Saudi Arabia: Cardiac Microcatheters Market –Revenue and Forecasts to 2028, By Indication (US$ Million) 83
9.2.5.1.4 Saudi Arabia: Cardiac Microcatheters Market - Revenue and Forecasts to 2028, By End User (US$ Million) 84
9.2.5.2 South Africa: Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million) 85
9.2.5.2.1 Overview.. 85
9.2.5.2.2 South Africa: Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million) 85
9.2.5.2.3 South Africa: Cardiac Microcatheters Market –Revenue and Forecasts to 2028, By Indication (US$ Million) 86
9.2.5.2.4 South Africa: Cardiac Microcatheters Market - Revenue and Forecasts to 2028, By End User (US$ Million) 87
9.2.5.3 UAE: Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million) 88
9.2.5.3.1 Overview.. 88
9.2.5.3.2 UAE: Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million) 88
9.2.5.3.3 UAE: Cardiac Microcatheters Market –Revenue and Forecasts to 2028, By Indication (US$ Million) 89
9.2.5.3.4 UAE: Cardiac Microcatheters Market - Revenue and Forecasts to 2028, By End User (US$ Million) 90
9.2.5.4 Rest of Middle East & Africa: Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million) 91
9.2.5.4.1 Overview.. 91
9.2.5.4.2 Rest of Middle East & Africa: Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million) 91
9.2.5.4.3 Rest of Middle East & Africa: Cardiac Microcatheters Market –Revenue and Forecasts to 2028, By Indication (US$ Million) 92
9.2.5.4.4 Rest of Middle East & Africa: Cardiac Microcatheters Market - Revenue and Forecasts to 2028, By End User (US$ Million) 93
10. Europe and Middle East & Africa Cardiac Microcatheter Market: Impact Assessment of COVID-19 Pandemic 94
10.1 Europe: Impact Assessment of COVID-19 Pandemic. 94
10.2 Middle East & Africa: Impact Assessment of COVID-19 Pandemic. 97
11. Europe and Middle East & Africa Cardiac Microcatheter Market – Industry Landscape 99
11.1 Overview.. 99
11.2 Growth Strategies in the Cardiac Microcatheter Market (%) 100
11.3 Organic Developments. 101
11.3.1 Overview.. 101
11.4 Inorganic Developments. 103
11.4.1 Overview.. 103
12. Company Profiles 105
12.1 Boston Scientific Corp. 105
12.1.1 Key Facts. 105
12.1.2 Business Description. 105
12.1.3 Products and Services. 106
12.1.4 Financial Overview.. 106
12.1.5 SWOT Analysis. 109
12.1.6 Key Developments. 109
12.2 Teleflex Inc. 110
12.2.1 Key Facts. 110
12.2.2 Business Description. 110
12.2.3 Products and Services. 111
12.2.4 Financial Overview.. 111
12.2.5 SWOT Analysis. 114
12.2.6 Key Developments. 115
12.3 Medtronic Plc. 116
12.3.1 Key Facts. 116
12.3.2 Business Description. 116
12.3.3 Products and Services. 117
12.3.4 Financial Overview.. 117
12.3.5 SWOT Analysis. 120
12.3.6 Key Developments. 121
12.4 OrbusNeich Medical Group Holdings Ltd. 122
12.4.1 Key Facts. 122
12.4.2 Business Description. 122
12.4.3 Products and Services. 123
12.4.4 Financial Overview.. 123
12.4.5 SWOT Analysis. 126
12.4.6 Key Developments. 126
12.5 Asahi Intecc USA Inc. 127
12.5.1 Key Facts. 127
12.5.2 Business Description. 127
12.5.3 Products and Services. 128
12.5.4 Financial Overview.. 128
12.5.5 SWOT Analysis. 130
12.5.6 Key Developments. 130
12.6 Merit Medical Systems Inc. 131
12.6.1 Key Facts. 131
12.6.2 Business Description. 131
12.6.3 Products and Services. 132
12.6.4 Financial Overview.. 132
12.6.5 SWOT Analysis. 135
12.6.6 Key Developments. 135
12.7 Nipro Corp. 136
12.7.1 Key Facts. 136
12.7.2 Business Description. 136
12.7.3 Products and Services. 137
12.7.4 Financial Overview.. 137
12.7.5 SWOT Analysis. 140
12.7.6 Key Developments. 140
12.8 Terumo Corp. 141
12.8.1 Key Facts. 141
12.8.2 Business Description. 141
12.8.3 Products and Services. 142
12.8.4 Financial Overview.. 143
12.8.5 SWOT Analysis. 145
12.8.6 Key Developments. 145
12.9 Tokai Medical Products Inc. 146
12.9.1 Key Facts. 146
12.9.2 Business Description. 146
12.9.3 Products and Services. 146
12.9.4 Financial Overview.. 146
12.9.5 SWOT Analysis. 147
12.9.6 Key Developments. 147
12.10 Integer Holdings Corp. 148
12.10.1 Key Facts. 148
12.10.2 Business Description. 148
12.10.3 Products and Services. 149
12.10.4 Financial Overview.. 149
12.10.5 SWOT Analysis. 152
12.10.6 Key Developments. 152
13. Appendix 153
13.1 About The Insight Partners. 153
13.2 Glossary of Terms. 154
LIST OF TABLES
Table 1. Europe Cardiac Microcatheter Market, by Indication– Revenue and Forecast to 2028 (US$ Million) 58
Table 2. Europe Cardiac Microcatheter Market, by End User – Revenue and Forecast to 2028 (US$ Million) 58
Table 3. UK Cardiac Microcatheter Market, by Indication – Revenue and Forecast to 2028 (US$ Million) 61
Table 4. UK Cardiac Microcatheter Market, by End User – Revenue and Forecast to 2028 (US$ Million) 62
Table 5. Germany Cardiac Microcatheter Market, by Indication – Revenue and Forecast to 2028 (US$ Million) 64
Table 6. Germany Cardiac Microcatheter Market, by End User – Revenue and Forecast to 2028 (US$ Million) 65
Table 7. France Cardiac Microcatheter Market, by Indication – Revenue and Forecast to 2028 (US$ Million) 67
Table 8. France Cardiac Microcatheter Market, by End User – Revenue and Forecast to 2028 (US$ Million) 68
Table 9. Italy Cardiac Microcatheter Market, by Indication – Revenue and Forecast to 2028 (US$ Million) 70
Table 10. Italy Cardiac Microcatheter Market, by End User – Revenue and Forecast to 2028 (US$ Million) 71
Table 11. Spain Cardiac Microcatheter Market, by Indication – Revenue and Forecast to 2028 (US$ Million) 73
Table 12. Spain Cardiac Microcatheter Market, by End User – Revenue and Forecast to 2028 (US$ Million) 74
Table 13. Rest of Europe Cardiac Microcatheter Market, by Indication – Revenue and Forecast to 2028 (US$ Million) 76
Table 14. Rest of Europe Cardiac Microcatheter Market, by End User – Revenue and Forecast to 2028 (US$ Million) 77
Table 15. Middle East & Africa Cardiac Microcatheters Market, by Indication– Revenue and Forecast to 2028 (US$ Million) 80
Table 16. Middle East & Africa Cardiac Microcatheters Market, by End User– Revenue and Forecast to 2028 (US$ Million) 80
Table 17. Saudi Arabia: Cardiac Microcatheters Market, By Indication -Revenue and Forecast to 2028 (US$ Million) 83
Table 18. Saudi Arabia: Cardiac Microcatheters Market, By End User – Revenue and Forecast to 2028 (US$ Million) 84
Table 19. South Africa: Cardiac Microcatheters Market, By Indication -Revenue and Forecast to 2028 (US$ Million) 86
Table 20. South Africa: Cardiac Microcatheters Market, By End User – Revenue and Forecast to 2028 (US$ Million) 87
Table 21. UAE: Cardiac Microcatheters Market, By Indication -Revenue and Forecast to 2028 (US$ Million) 89
Table 22. UAE: Cardiac Microcatheters Market, By End User – Revenue and Forecast to 2028 (US$ Million) 90
Table 23. Rest of Middle East & Africa: Cardiac Microcatheters Market, By Indication -Revenue and Forecast to 2028 (US$ Million) 92
Table 24. Rest of Middle East & Africa: Cardiac Microcatheters Market, By End User – Revenue and Forecast to 2028 (US$ Million) 93
Table 25. Organic Developments in the Cardiac Microcatheter Market 101
Table 26. Inorganic Developments in the Cardiac Microcatheter Market 103
Table 27. Glossary of Terms. 154
LIST OF FIGURES
Figure 1. Cardiac Microcatheter Market Segmentation
Figure 2. Cardiac Microcatheter Market Segmentation, by Country
Figure 3. Europe and Middle East & Africa Cardiac Microcatheter Market Overview
Figure 4. Coronary Held Largest Share of Indication Segment in Cardiac Microcatheters Market
Figure 5. Europe and MEA Cardiac Microcatheters Market – Leading Country Markets (US$ Million)
Figure 6. EUROPE PEST Analysis
Figure 7. MEA PEST Analysis
Figure 8. Europe and Middle East & Africa Cardiac Microcatheters Market Impact Analysis of Drivers and Restraints
Figure 9. Europe and Middle East & Africa Cardiac Microcatheter Market – Revenue Forecast and Analysis – 2020–2028
Figure 10. Europe and MEA Cardiac Microcatheters Market, by Indication, 2022 & 2028 (%)
Figure 11. Coronary: Europe and MEA Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. General Peripheral Vascular: Europe and MEA Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe and MEA Cardiac Microcatheters Market, by End User, 2022 & 2028 (%)
Figure 14. Hospitals: Europe and MEA Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Specialty Clinics: Europe and MEA Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Ambulatory Surgical Centers: Europe and MEA Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Cardiac Microcatheter Market, by Key Country – Revenue (2022) (US$ Million)
Figure 18. Europe Cardiac Microcatheter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Cardiac Microcatheter Market, by Country, 2022 & 2028 (%)
Figure 20. UK Cardiac Microcatheter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Germany Cardiac Microcatheter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. France Cardiac Microcatheter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Italy Cardiac Microcatheter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Spain Cardiac Microcatheter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of Europe Cardiac Microcatheter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Middle East & Africa Cardiac Microcatheters Market, by Key Country – Revenue (2022) (US$ Million)
Figure 27. Middle East & Africa Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Middle East & Africa: Cardiac Microcatheters Market -Revenue and Forecasts to 2028, By Country (%)
Figure 29. Saudi Arabia: Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. South Africa: Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. UAE: Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Middle East & Africa: Cardiac Microcatheters Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic on European Country Markets
Figure 34. Impact of COVID-19 Pandemic on Cardiac Microcatheters Market in the Middle East & Africa
Figure 35. Growth Strategies in the Cardiac Microcatheter Market (%)
The List of Companies - Europe and MEA Cardiac Microcatheters Market:
- Boston Scientific Corp
- Teleflex Inc
- Medtronic Plc
- OrbusNeich Medical Group Holdings Ltd
- Asahi Intecc USA Inc
- Merit Medical Systems Inc
- Nipro Corp
- Terumo Corp
- Tokai Medical Products Inc.
- Integer Holdings Corp
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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