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)

TIPRE00023623 | Pages: 140 | Healthcare IT | Jul 2021 | Type: Regional | Status: Published

Market Introduction

APAC region includes countries such as India, China, Japan, Australia, South Korea, and Rest of APAC. Among the countries China accounts the largest market share in the region. The factors such as rising prevalence of the brain stroke, coronary artery diseases, heart diseases and advancement in the healthcare industry. China is the largest market in APAC region. China is among the countries who bears the biggest cardiovascular diseases (CVD) burden in the world, the burden of mortality due to CVD has increased in past decade. The data published in a report by the National Center for Cardiovascular Diseases of China states that in two in five deaths in China are attributed to CVD. CVD remained the leading cause of death in 2016, accounting for 45.50% and 43.16% of all deaths in rural and urban areas, respectively. Further, from 2009 onwards, the CVD mortality rate in rural areas exceeded that in urban areas, and in 2016, the rate was 309.33 per 100,000 people in rural areas and 265.11 per 100,000 people in urban areas. This is expected to raise the demand for micro coil related medical devices and support the market growth. Growth in the number of product approvals and launches and burgeoning demand for minimally invasive procedures are the major factor driving the growth of the APAC micro coils market.

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.


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Market Overview and Dynamics

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. Mounting prevalence of cardiac aneurysm is expected to surge the market growth. Cardiovascular diseases (CVDs) are likely to remain the major cause of morbidity and mortality across the region. Heart failure, stroke, rheumatic heart disease, aortic aneurysm, and peripheral artery disease are among the most common CVDs. Unhealthy diet adoption, tobacco consumption, sedentary lifestyle, and alcoholism are the major factors leading to rise in incidence of CVDs across the region. According to the World Health Organization (WHO), CVDs are number one cause of death across the region. The cardiac aneurysm is majorly caused due to the blockages in the aortic artery. The blockages can also be seen in chest or the abdomen. The prevalence of the cardiac aneurysm is growing across the region. In addition, more than 2 million people are diagnosed with an abdominal aortic aneurysm in the APAC region each year. High prevalence of CVDs across the world prominently boosts the number of heart procedures. The factor ultimately drives the growth of the APAC micro coils market.

Key Market Segments

In terms of type, the pushable coils segment accounted for the largest share of the APAC micro coils market in 2020. In terms of material, the platinum segment held a larger market share of the APAC micro coils market in 2020. In terms of application, the others segment held a larger market share of the APAC micro coils market in 2020. Further, the hospitals segment held a larger share of the APAC micro coils market based on end user in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the APAC micro coils market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Boston Scientific Corporation; Cook Medical LLC; Johnson and Johnson Medical Devices (Depuy Synthes); KANEKA CORPORATION; Medtronic; Penumbra, Inc.; Stryker Corporation; and Terumo Corporation.

Reasons to buy report

  • To understand the APAC micro coils market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC micro coils market
  • Efficiently plan M&A and partnership deals in APAC micro coils market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC micro coils market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

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 - Company Profiles

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

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

  1. Boston Scientific Corporation
  2. Cook Medical LLC
  3. Johnson and Johnson Medical Devices (Depuy Synthes)
  4. KANEKA CORPORATION
  5. Medtronic
  6. Penumbra, Inc.
  7. Stryker Corporation
  8. Terumo Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC micro coils market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in APAC micro coils market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the micro coils market, as well as those hindering it    
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
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