Asia Pacific Micro Coils Market Drivers and Forecasts by 2028

Asia Pacific 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)

Report Date : Jul 2021
Report Code : TIPRE00023623

Category : Life Sciences
Status : Published

Available Report Formats :
No. of Pages : 140

The APAC micro coils market is expected to grow from US$ 110.06 million in 2021 to US$ 160.29 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2021 to 2028.

China, India, Japan, Australia, and South Korea are major economies in APAC. Growth in the number of product approvals and launches is expected to surge the market growth. Extended functionalities and technologies incorporated in new devices are expected to rise in demand for micro coils across the region. In December 2020, Terumo Corporation announced a launch of WEB Embolization System in Japan. According to the company, WEB is the first intrasaccular flow disruptor device available in the Japan market. The device is specially designed for the treatment of brain aneurysm. Moreover, in December 2019, Kaneka Corporation launched an advanced micro coil for embolization of brain aneurysms. According to the company, the coils archive highest level of flexibility. Such product introductions are estimated to offer a lucrative opportunity for market growth. Some of the market players are focusing on conducting awareness programs to spread information about benefits of micro coils. For instance, in December 2020, Microport conducted a launch event for its NUMEN micro coil in Hebei and Guangzhou. The program was conducted to launch the product as well as to share the latest academic insights of the product with the medical device community. Such programs are also expected to offer a favorable environment for the product demand, which will eventually drive the APAC market growth.

In case of COVID-19, APAC is highly affected specially India. Countries in APAC are expecting to witness huge challenge due to growing COVID-19. Considering the economic operations and geographic condition, the outbreak of disease has affected on medical tourism, manufacturer of medical equipment, accessories and other due to problems posed by shortage of healthcare infrastructure in APAC low-income countries. After the first case in December 2019, in Wuhan, China, the coronavirus has spread to at least 180 countries and regions. To prevent the spread of disease, restrictive measures have been taken in countries such as India, South Korea, Singapore, Malaysia, and by the Philippines. According to WHO, due to the rapidly changing risk of COVID-19 affected countries and constantly controlling outbreak trends, any additional health measures are likely to significantly interfere with international travel and trade. Countries such as Japan and Australia are conducting virtual international conferences to anticipate the impact of COVID-19 on medical devices related industry in the APAC. China is specifically facing issues with the pandemic, leading to disruption of the supply chain, projected losses in revenue, marketing, and sales within all industries, especially the medical device industry, as well as the concerns of health within the production units and other public places. However, the countries such as India is conducting vaccination drive for the age group wise including the people within age group of 18 to 44, and 45 years and above. The country has also initiated testing of vaccine of the children which is expected to have and positive impact on the market.

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 APAC micro coils market. The APAC micro coils market is expected to grow at a good CAGR during the forecast period.

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APAC Micro Coils Market Segmentation

APAC Micro Coils Market – By Type

Detachable Coils
Pushable Coils

APAC Micro Coils Market – By Material

Platinum
Platinum Tungsten Alloy
Platinum & Hydrogel

APAC Micro Coils Market – By Application

Oncology
Urology
Others

APAC Micro Coils Market – By End User

Hospitals
Ambulatory Surgical Centers
Others

APAC Micro Coils Market, by Country

China
Japan
India
South Korea
Australia
Rest of APAC

APAC Micro Coils Market -Companies Mentioned

Boston Scientific Corporation
Cook Medical LLC
Johnson and Johnson Medical Devices (Depuy Synthes)
KANEKA CORPORATION
Medtronic
Penumbra, Inc.
Stryker Corporation
Terumo Corporation

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Type, Material, Application, and End User

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Australia, China, Japan, South Korea

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 APAC Micro Coils Market – By Type

1.3.2 APAC Micro Coils Market – By Material

1.3.3 APAC Micro Coils Market – By Application

1.3.4 APAC Micro Coils Market – By End User

1.3.5 APAC Micro Coils Market – By Country

2. APAC Micro Coils Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Micro Coils Market – Market Landscape

4.1 Overview

4.2 APAC PEST Analysis

4.3 Expert Opinions

5. APAC Micro Coils Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Mounting Prevalence of Cardiac Aneurysm

5.1.2 Escalating Incidence of Neurovascular Diseases

5.2 Market Restraints

5.2.1 Overpriced Embolization Micro Coils

5.3 Market Opportunities

5.3.1 Growth in the Number of Product Approvals and Launches

5.4 Future Trends

5.4.1 Burgeoning Demand for Minimally Invasive Procedures

5.5 Impact Analysis

6. Micro Coils Market – APAC Analysis

6.1 APAC Micro Coils Market Revenue Forecast and Analysis

7. APAC Micro Coils Market Analysis – By Type

7.1 Overview

7.2 APAC Micro Coils Market Revenue Share, by Type (2020 and 2028)

7.3 Detachable Coils

7.3.1 Overview

7.3.2 Detachable Coils: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Pushable Coils

7.4.1 Overview

7.4.2 Pushable Coils: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

8. APAC Micro Coils Market Analysis – By Material

8.1 Overview

8.2 APAC Micro Coils Market Revenue Share, by Material (2020 and 2028)

8.3 Platinum

8.3.1 Overview

8.3.2 Platinum: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Platinum Tungsten Alloy

8.4.1 Overview

8.4.2 Platinum Tungsten Alloy: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Platinum and Hydrogel

8.5.1 Overview

8.5.2 Platinum and Hydrogel: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

9. APAC Micro Coils Market Analysis – By Application

9.1 Overview

9.2 APAC Micro Coils Market Revenue Share, by Application (2020 and 2028)

9.3 Urology

9.3.1 Overview

9.3.2 Urology: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Oncology

9.4.1 Overview

9.4.2 Oncology: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Others

9.5.1 Overview

9.5.2 Others: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

10. APAC Micro Coils Market Analysis – By End User

10.1 Overview

10.2 APAC Micro Coils Market Share, by End User, 2020 and 2028, (%)

10.3 Hospitals

10.3.1 Overview

10.3.2 Hospitals: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

10.4 Ambulatory Surgical Centres

10.4.1 Overview

10.4.2 Ambulatory Surgical Centres: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

10.5 Others

10.5.1 Overview

10.5.2 Others: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

11. APAC Micro Coils Market – Country Analysis

11.1 APAC: Micro Coils Market

11.1.1 Overview

11.1.2 APAC: Micro Coil Market Revenue and Forecasts to 2028, By Country, (2020 & 2028) (%)

11.1.3 China: Micro Coil Market – Revenue and Forecast to 2028 (USD Million)

11.1.3.1 China Micro Coil Market Revenue and Forecasts to 2028 (US$ Mn)

11.1.3.2 China: Micro Coil Market, by Type, 2019–2028 (USD Million)

11.1.3.3 China: Micro Coil Market, by Material, 2019–2028 (USD Million)

11.1.3.4 China: Micro Coil Market, by Application, 2019–2028 (USD Million)

11.1.3.5 China: Micro Coil Market, by End User, 2019–2028 (USD Million)

11.1.4 Japan: Micro Coil Market – Revenue and Forecast to 2028 (USD Million)

11.1.4.1 Japan Micro Coil Market Revenue and Forecasts to 2028 (US$ Mn)

11.1.4.2 Japan: Micro Coil Market, by Type, 2019–2028 (USD Million)

11.1.4.3 Japan: Micro Coil Market, by Material, 2019–2028 (USD Million)

11.1.4.4 Japan: Micro Coil Market, by Application, 2019–2028 (USD Million)

11.1.4.5 Japan: Micro Coil Market, by End User, 2019–2028 (USD Million)

11.1.5 India: Micro Coil Market – Revenue and Forecast to 2028 (USD Million)

11.1.5.1 India Micro Coil Market Revenue and Forecasts to 2028 (US$ Mn)

11.1.5.2 India: Micro Coil Market, by Type, 2019–2028 (USD Million)

11.1.5.3 India: Micro Coil Market, by Material, 2019–2028 (USD Million)

11.1.5.4 India: Micro Coil Market, by Application, 2019–2028 (USD Million)

11.1.5.5 India: Micro Coil Market, by End User, 2019–2028 (USD Million)

11.1.6 Australia: Micro Coil Market – Revenue and Forecast to 2028 (USD Million)

11.1.6.1 Australia Micro Coil Market Revenue and Forecasts to 2028 (US$ Mn)

11.1.6.2 Australia: Micro Coil Market, by Type, 2019–2028 (USD Million)

11.1.6.3 Australia: Micro Coil Market, by Material, 2019–2028 (USD Million)

11.1.6.4 Australia: Micro Coil Market, by Application, 2019–2028 (USD Million)

11.1.6.5 Australia: Micro Coil Market, by End User, 2019–2028 (USD Million)

11.1.7 South Korea: Micro Coil Market – Revenue and Forecast to 2028 (USD Million)

11.1.7.1 South Korea Micro Coil Market Revenue and Forecasts to 2028 (US$ Mn)

11.1.7.2 South Korea: Micro Coil Market, by Type, 2019–2028 (USD Million)

11.1.7.3 South Korea: Micro Coil Market, by Material, 2019–2028 (USD Million)

11.1.7.4 South Korea: Micro Coil Market, by Application, 2019–2028 (USD Million)

11.1.7.5 South Korea: Micro Coil Market, by End User, 2019–2028 (USD Million)

11.1.8 Rest of APAC: Micro Coil Market – Revenue and Forecast to 2028 (USD Million)

11.1.8.1 Rest of APAC Micro Coil Market Revenue and Forecasts to 2028 (US$ Mn)

11.1.8.2 Rest of APAC: Micro Coil Market, by Type, 2019–2028 (USD Million)

11.1.8.3 Rest of APAC: Micro Coil Market, by Material, 2019–2028 (USD Million)

11.1.8.4 Rest of APAC: Micro Coil Market, by Application, 2019–2028 (USD Million)

11.1.8.5 Rest of APAC: Micro Coil Market, by End User, 2019–2028 (USD Million)

12. Impact of COVID-19 Pandemic on APAC Micro Coils Market

12.1 APAC: Impact Assessment of COVID-19 Pandemic

13. Industry Landscape

13.1 Overview

13.2 Organic Developments

13.2.1 Overview

14. Company Profiles

14.1 Terumo Corporation

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 Medtronic

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Boston Scientific Corporation

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Stryker Corporation

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Cook Medical LLC

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Penumbra, Inc.

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 Johnson and Johnson Medical Devices (Depuy Synthes)

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 KANEKA CORPORATION

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

15. Appendix

15.1 About the Insight Partners

15.2 Glossary of Terms

LIST OF TABLES

Table 1. APAC Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. China: Micro Coil Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 3. China: Micro Coil Market, by Material– Revenue and Forecast to 2028 (USD Million)

Table 4. China: Micro Coil Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 5. China: Micro Coil Market, by End User– Revenue and Forecast to 2028 (USD Million)

Table 6. Japan: Micro Coil Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 7. Japan: Micro Coil Market, by Material– Revenue and Forecast to 2028 (USD Million)

Table 8. Japan: Micro Coil Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 9. Japan: Micro Coil Market, by End User– Revenue and Forecast to 2028 (USD Million)

Table 10. India: Micro Coil Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 11. India: Micro Coil Market, by Material– Revenue and Forecast to 2028 (USD Million)

Table 12. India: Micro Coil Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 13. India: Micro Coil Market, by End User– Revenue and Forecast to 2028 (USD Million)

Table 14. Australia: Micro Coil Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 15. Australia: Micro Coil Market, by Material– Revenue and Forecast to 2028 (USD Million)

Table 16. Australia: Micro Coil Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 17. Australia: Micro Coil Market, by End User– Revenue and Forecast to 2028 (USD Million)

Table 18. South Korea: Micro Coil Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 19. South Korea: Micro Coil Market, by Material– Revenue and Forecast to 2028 (USD Million)

Table 20. South Korea: Micro Coil Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 21. South Korea: Micro Coil Market, by End User– Revenue and Forecast to 2028 (USD Million)

Table 22. Rest of APAC: Micro Coil Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 23. Rest of APAC: Micro Coil Market, by Material– Revenue and Forecast to 2028 (USD Million)

Table 24. Rest of APAC: Micro Coil Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 25. Rest of APAC: Micro Coil Market, by End User– Revenue and Forecast to 2028 (USD Million)

Table 26. Organic Developments Done by Companies

Table 27. Glossary of Terms

LIST OF FIGURES

Figure 1. APAC Micro Coils Market Segmentation

Figure 2. APAC Micro Coils Market, By Country

Figure 3. APAC Micro Coils Market Overview

Figure 4. Pushable Coils Segment Is Expected to Grow Faster by Type Segment in APAC Micro Coils Market

Figure 5. Japan Is Expected to Show Remarkable Growth During the Forecast Period

Figure 6. APAC PEST Analysis

Figure 7. APAC Micro Coils Market Impact Analysis of Driver and Restraint

Figure 8. APAC Micro Coils Market – Revenue Forecast and Analysis

Figure 9. APAC Micro Coils Market Revenue Share, by Type (2020 and 2028)

Figure 10. APAC Detachable Coils: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11. APAC Pushable Coils: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. APAC Micro Coils Market Revenue Share, by Material (2020 and 2028)

Figure 13. APAC Platinum: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. APAC Platinum Tungsten Alloy: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. APAC Platinum and Hydrogel: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. APAC Micro Coils Market Revenue Share, by Application (2020 and 2028)

Figure 17. APAC Urology: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. APAC Oncology: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. APAC Others: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. APAC Micro Coils Market Share, by End User, 2020 and 2028 (%)

Figure 21. APAC Hospitals Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. APAC Ambulatory Surgical Centers: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. APAC Others: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. APAC Micro Coil Market Revenue Overview, by Country (2020) (US$ Mn)

Figure 25. APAC Micro Coil Market Revenue and Forecasts to 2028, By Country, (2020 & 2028) (%)

Figure 26. China Micro Coil Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 27. Japan Micro Coil Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 28. India Micro Coil Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 29. Australia Micro Coil Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 30. South Korea Micro Coil Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 31. Rest of APAC Micro Coil Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 32. Impact of COVID-19 Pandemic in APAC Countries Markets

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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.

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Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
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Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

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.

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