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It is expected that the compound annual growth rate will reach 7.73% by 2032.
It is expected that by 2032, the Asia-Pacific region will become the fastest growing region in the global microcatheter market, with an expected compound annual growth rate (CAGR) of 7.73%.
According to a report by S&S Insider, the region's growth is attributed to increased investment in healthcare, rising chronic disease burden and increased access to advanced medical technologies in countries such as China and India.
The region has also benefited from supportive government measures and the growth of medical tourism, which has accelerated the adoption of microcatheters.
Meanwhile, the global market is expected to reach USD 1.53b during the same forecast period, growing at a CAGR of 5.53%, driven by the rising prevalence of chronic diseases such as cardiovascular and neurovascular diseases.
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