Middle East and Africa Micro Coils Market Growth Opportunities and Forecast by 2028
Middle East and Africa Micro Coils Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Detachable Coils and Pushable Coils), Material (Platinum, Platinum Tungsten Alloy, and Platinum and Hydrogel), Application (Oncology, Urology, and Others), and End User (Hospitals, Ambulatory Surgical Centers, and Others)
- Status : Published
- Report Code : TIPRE00023618
- Category : Life Sciences
- No. of Pages : 124
- Available Report Formats :
- Last update date : August 10, 2021
2021 Market Size
US$ 24.75 Mn
Base year value
2028 Forecast
US$ 31.90 Mn
Projected by 2028
CAGR 2022-2028
3.7 %
Growth rate
Addressable Market
US$ 200.88 Mn
(2022-2028)
The MEA micro coils market is expected to grow from US$ 24.75 million in 2021 to US$ 31.90 million by 2028; it is estimated to grow at a CAGR of 3.7% from 2021 to 2028.
The UAE, Saudi Arabia, and South Africa are major economies in MEA. Growth in the demand for minimally invasive procedures is expected to surge the market in coming years. A minimally invasive medical procedure is generally carried out by inserting a small device or an implant in human body through an incision or anatomical opening. These procedures are being performed widely during the recent years. Since these incisions are tiny, a patient recovers at a faster rate comparatively, with minimum discomfort. A few benefits of a minimally invasive procedure are a few small cuts; less trauma to the muscles, nerves, and tissues; less bleeding and scarring; less tissue injury; less trauma to organs; less pain; less hospital stay; and faster oral intake. In addition, rising awareness about these procedures and the availability of reimbursement for it are likely to foster the demand for minimally invasive procedure. The MEA micro coils market is likely to grow at a significant rate during the forecast period.
In case of COVID-19, MEA is highly affected especially Saudi Arabia. Countries in Middle East have also widely affected the socio-economic condition by the COVID–19 pandemic. However, the countries have wisely reacted to the COVID–19 pandemic to avoid the spread of infection. Similar to other regions, lockdown and social distancing were imposed, which has impaired these trends hindering access to work, regular income, payments, fairs, schools, and healthcare. Therefore, it is expected the countries have undergone huge losses and are still trying to recover them. The lockdown has widely affected the non-emergency medical services in the region, which has somehow affected the medical devices sector. Countries like Saudi Arabia and UAE are emerging as healthcare destinations in the regions. However, they are dependent on the countries for the resources. In South Africa, government agencies like South African Health Products Regulatory Authority has put in place a series of initiatives aimed at minimizing the potential negative impact of the pandemic on the availability of medicines and medical devices in South Africa. Furthermore, the availability of the vaccines and other healthcare facilities in the developing countries in the region is expected to provide scope for the market players in micro coil market for few years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA micro coils market. The MEA micro coils market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
MEA Micro Coils Market Segmentation
MEA Micro Coils Market – By Type
- Detachable Coils
- Pushable Coils
MEA Micro Coils Market – By Material
- Platinum
- Platinum Tungsten Alloy
- Platinum & Hydrogel
MEA Micro Coils Market – By Application
- Oncology
- Urology
- Others
MEA Micro Coils Market – By End User
- Hospitals
- Ambulatory Surgical Centers
- Others
MEA Micro Coils Market, by Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Micro Coils Market -Companies Mentioned
- Boston Scientific Corporation
- Cook Medical LLC
- Johnson and Johnson Medical Devices (Depuy Synthes)
- KANEKA CORPORATION
- Medtronic
- Stryker Corporation
- Terumo Corporation
Middle East and Africa Micro Coils Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 24.75 Million |
| Market Size by 2028 | US$ 31.90 Million |
| CAGR (2021 - 2028) | 3.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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