Middle East and Africa Micro Catheters and Micro Guidewires Market is expected to reach US$ 54.93 Mn by 2028


PRESS RELEASE BY The Insight Partners 12 Jul 2021

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Hospitals Segment to Dominate MEA Micro Catheters and Micro Guidewires Market during 2020–2028

According to The Insight Partners market research study on “MEA Micro Catheters and Micro Guidewires Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, Indication, and End User,” is expected to reach US$ 54.93 million by 2028 from US$ 40.41 million in 2021. The market is estimated to grow at a CAGR of 4.5% from 2021 to 2028. The report provides trends prevailing in the MEA micro catheters and micro guidewires market along with the drivers and restraints pertaining to the market growth. Growing demand for minimally invasive procedures is the major factor driving the growth of MEA micro catheters and micro guidewires market. However, product recall and stringent regulatory requirement hinder the growth of MEA micro catheters and micro guidewires market

The microcatheters and micro guidewires market in the rest of the world includes the Middle East & Africa. The COVID-19 pandemic has become the most significant challenge in the region. As of June 2021, the number of COVID-19 cases has been reported in South Africa (1,665,617), Iran (2,913,136), and Turkey (5,249,404). Economic uncertainties and ongoing conflicts are worsening the condition in the region. For instance, countries such as Syria, Libya, and Yemen are suffering violent conflict and cannot implement any public health measures. Iran was in deep economic recession due to the US sanctions. Also, the major source of economic stabilization in Middle East countries is oil production and export. However, the recent pandemic is causing turbulence to the economies of the Middle East region. A sudden drop in domestic and external demand for goods and products, especially crude oil, and halted production due to labor shortage, are major impacts observed in the region

The market for micro catheters and micro guidewires is segmented into by product type, indication, end user, and country. Based on product type, the market is segmented into, micro catheters and micro guidewires. The micro catheter segment held the largest share of the market in 2020, and the same segment is anticipated to register the highest CAGR in the market during the forecast period. Based on, by indication, the market is segmented into, neurovascular, cardiology, urology, otolaryngology, oncology, and others. The cardiology segment held the largest share of the market in 2020, however, the oncology segment is anticipated to register the highest CAGR in the market during the forecast period. Similarly, based on end user, the market is segmented into hospitals, specialty clinics, and ambulatory surgical centers. The hospitals segment held the largest share of the market in 2020 and is estimated to register the highest CAGR in the market during the forecast period. 

B. Braun Melsungen AG; BD; Boston Scientific Corporation; Cardinal Health Inc; Medtronic; Stryker Corporation; Teleflex Incorporated; Terumo Corporation; are among the leading companies in the MEA micro catheters and micro guidewires market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Medtronic Launches Telescope Guide Extension Catheter. Telescope features design innovations to enable smooth delivery of coronary stents and balloons to support complex coronary cases

The report segments the MEA Micro Catheters and Micro Guidewires Market as follows:

MEA Micro Catheters and Micro Guidewires Market – By Product Type

  • Micro Catheter
  • Micro Guidewire

MEA Micro Catheters and Micro Guidewires Market – By Indications

  • Cardiology
  • Neurology
  • Oncology                     
    • Intravascular Embolization
    • Transcatheter Arterial Chemo Embolization
  • Urology
  • Otolaryngology
  • Others

MEA Micro Catheters and Micro Guidewires Market – By End User

  • Hospitals
  • Ambulatory Surgical Centres
  • Specialty Clinics

MEA Micro Catheters and Micro Guidewires Market – By Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

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