The microcatheters market is divided into single lumen and dual lumen microcatheters based on product design. The dual lumen microcatheter segment dominated the overall market in 2019 with a 64.04 % share and is expected to grow at the fastest rate over the forecast period. The dual lumen microcatheter provides benefits such as easy access to the procedure site. Furthermore, instead of multiple perfusions, more than one analgesic or drug infusion can be administered at the same time. It also functions as two microcatheters and is widely used in interventional cardiology procedures. As a result, the benefits provided by dual lumen microcatheters are expected to fuel segment growth.
The microcatheters market is divided into applications such as cardiology, neurology, peripheral vascular, oncology, urology, otolaryngology, and others. Cardiology dominated the overall market in 2019, as cardiovascular diseases (CVD) have become the leading cause of death globally over the last three decades. According to the WHO, 17.9 million deaths occurred worldwide in 2016. Furthermore, more than 3.6 million people are expected to die from CVD by 2030. One of the major causes of CVDs is sedentary lifestyle, which includes a lack of physical activity, obesity, smoking, drinking, and high blood pressure. As a result, the rising prevalence of cardiovascular diseases is expected to drive segment growth in the coming years.
The microcatheters market is divided into following segments based on end users: hospitals, surgical centres, specialty clinics, and ambulatory care centers. The hospitals, surgical centers, and specialty clinics segment accounted for the largest market share in 2018, owing primarily to the increasing number of hospitals and specialty clinics in emerging countries, the increasing prevalence of target diseases, and the large number of surgical and diagnostic procedures performed across these facilities.