Middle East and Africa Micro Coils Market is expected to reach US$ 31.90 Mn by 2028

Hospitals Segment to Dominate MEA Micro Coils Market During 2021–2028

According to a new market research study on “MEA Micro Coils Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Material, Application, and End User” is expected to reach US$ 31.90 million by 2028 from US$ 24.75 million in 2021. The market is estimated to grow at a CAGR of 3.7% from 2021 to 2028. The report provides trends prevailing in the MEA micro coils market along with the drivers and restraints pertaining to the market growth. Growth in the demand for minimally invasive procedures and burgeoning number of product approvals and launches are the major factor driving the growth of the MEA micro coils market. However, high cost of embolization micro coils hinders the growth of MEA micro coils market.

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.

The MEA micro coils market is segmented into the type, material, application, end user, and country. The market based on type is segmented into detachable coils and pushable coils. The pushable coils segment dominated the MEA micro coils market in 2020 and is also expected to be fastest growing during forecast period. The market based on material is segmented into platinum, platinum tungsten alloy, and platinum & hydrogel. The platinum segment dominated the MEA micro coils market in 2020 and is also expected to be fastest growing during forecast period. The market based on application is segmented into oncology, urology, and others. The others segment dominated the MEA micro coils market in 2020 and is also expected to be fastest growing during forecast period. The market based on end user is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment dominated the MEA micro coils market in 2020 and is also expected to be fastest growing during forecast period.

Boston Scientific Corporation, Cook Medical LLC, Johnson and Johnson Medical Devices (Depuy Synthes), KANEKA CORPORATION, Medtronic, Stryker Corporation, and Terumo Corporation are among the leading companies in the MEA micro coils 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 2017, Medtronic has announced that is is expanding its embolisation product portfolio with the launch of the Concerto 3D detachable coil system. The system was launched at the Cardiovascular and Interventional Radiological Society of Europe annual meeting 

The Report Segments the MEA Micro Coils Market as Follows:

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