South America Micro Coils Market is expected to reach US$ 49.40 Mn by 2028

Pushable Coils Segment to Dominate SAM Micro Coils Market During 2021–2028

According to a new market research study on “SAM 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$ 49.40 million by 2028 from US$ 37.22 million in 2021. The market is estimated to grow at a CAGR of 4.1% from 2021 to 2028. The report provides trends prevailing in the SAM micro coils market along with the drivers and restraints pertaining to the market growth. Significantly rising prevalence of cardiac aneurysm and rising demand for minimally invasive procedures are the major factor driving the growth of the SAM micro coils market. However, high initial cost hinders the growth of SAM micro coils market.

In case of COVID-19, SAM is highly affected, especially Brazil. Countries in Brazil, and Argentina are among the top destinations in the world for surgical procedures owing to the relatively low cost of treatments as compared to the US. The outbreak of COVID–19 have severely impacted the flow of medical services in the region. In addition, the countries are popular for medical tourism, which is also affected by the pandemic. Brazil, Argentina, Peru, Chile, Uruguay, Colombia are affected by the second wave of corona infection. Among which Brazil has registered majority of the deaths. It is expected that the region is likely to impose second restrictions, which is expected to hamper the healthcare industry in the region. Moreover, countries are significantly dependable on the US and European countries for their medical resources. However, the evolving treatment procedures and vaccination drives for the COVID19 in the region is expected to bring some positive impact on the market in the region owing to the people are opting for their routine treatments and procedures.

The SAM 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 SAM 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 SAM 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 SAM 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 SAM 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 SAM 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 2018, MicroVention, Inc., a U.S.-based subsidiary of Terumo received FDA Premarket Approval (PMA) for the LVIS and LVIS Jr. stents for stent-assisted coil embolization of intracranial aneurysms. The LVIS and LVIS Jr. stents are the first and only stents PMA approved for stent-assisted coil embolization and only the second PMA approved device designed for intracranial aneurysm treatment.

The Report Segments the SAM Micro Coils Market as Follows:

SAM Micro Coils Market – By Type

• Detachable Coils
• Pushable Coils

SAM Micro Coils Market – By Material

• Platinum
• Platinum Tungsten Alloy
• Platinum & Hydrogel

SAM Micro Coils Market – By Application

• Oncology
• Urology
• Others

SAM Micro Coils Market – By End User

• Hospitals
• Ambulatory Surgical Centers  
• Others

SAM Micro Coils Market – By Country

• Brazil
• Argentina     
• Rest of SAM