Europe 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)
Market Introduction
The market for Europe includes France, Germany, United Kingdom, Spain, Italy, and rest of Europe. Europe occupies second position in the global micro coils market and is expected to register robust growth rate over the forecast period. The market is expected to witness robust growth due to the rising prevalence of the renal cancer in Germany and increasing numbers of the investments by the governments of France and United Kingdom. In addition, the rise in the prevalence of stroke are likely to drive the market significantly in the coming future. Increasing Incidence of neurovascular diseases and surging prevalence of cardiac aneurysm are the major factor driving the growth of the Europe micro coils market.
In case of COVID-19, Europe is highly affected specially Spain. The COVID–19 pandemic has shown a significant negative impact on the global as well as on European health economies. Health services in European region is highly prioritized to serve for patients affected by COVID-19. The routine health care services have remained suspended. Therefore, it has affected the Micro Coil related market and its dependable revenue generation in the region. Europe has long been within an area of dynamic development in the field of surgical procedures. In the recent times, these changes have been even more significant and rapid. The countries in the Europe has developed a strong line of actions to handle the COVID 19 situations which has a positive impact on the healthcare system, there has been rise of the COVID19 cases in the recent times owing to the various COVID19 strains. For instance, in March 2020, the European Medicines Agency established a managing committee to deal with the impact of COVID-19 on the supply chain of medicines and devices. Furthermore, once the COVID-19 pandemic subsides there may be constraints in the capacities and financial resources of hospitals and other healthcare providers to perform elective surgeries procedures that had been deferred due to COVID-19, which could have an adverse effect on demand for micro coil based medical device products and is likely to hamper the growth of the market .European countries have undergone second phase of lockdown as they have experienced second wave of COVID infection. Countries such as the UK, Belgium, Germany, Switzerland, France, Italy, and Spain are highly affected. Therefore, the lockdown has widely affected the flow of businesses across the region and outside the region. Various conferences related to industry are being conducted through webinars. Hence, it is expected that negative impact on the market is likely to continues in the following few years.
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Market Overview and Dynamics
The Europe micro coils market is expected to grow from US$ 175.96 million in 2021 to US$ 248.96 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028. Growing demand for minimally invasive procedures is expected to escalate the market growth. 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. Thus, the Europe micro coils market is likely to grow at a significant rate during the forecast period.
Key Market Segments
In terms of type, the pushable coils segment accounted for the largest share of the Europe micro coils market in 2020. In terms of material, the platinum segment held a larger market share of the Europe micro coils market in 2020. In terms of application, the others segment held a larger market share of the Europe micro coils market in 2020. Further, the hospitals segment held a larger share of the Europe 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 Europe 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 Europe 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 Europe micro coils market
- Efficiently plan M&A and partnership deals in Europe 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 Europe micro coils market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Micro Coils Market Segmentation
Europe Micro Coils Market - By Type
- Detachable Coils
- Pushable Coils
Europe Micro Coils Market - By Material
- Platinum
- Platinum Tungsten Alloy
- Platinum & Hydrogel
Europe Micro Coils Market - By Application
- Oncology
- Urology
- Others
Europe Micro Coils Market - By End User
- Hospitals
- Ambulatory Surgical Centers
- Others
Europe Micro Coils Market - By Country
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
Europe 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 Europe Micro Coils Market – By Type
1.3.2 Europe Micro Coils Market – By Material
1.3.3 Europe Micro Coils Market – By Application
1.3.4 Europe Micro Coils Market – By End User
1.3.5 Europe Micro Coils Market – By Country
2. Europe Micro Coils Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Micro Coils Market – Market Landscape
4.1 Overview
4.2 Europe PEST Analysis
4.3 Expert Opinions
5. Europe Micro Coils Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Surging Prevalence of Cardiac Aneurysm
5.1.2 Increasing Incidence of Neurovascular Diseases
5.2 Market Restraints
5.2.1 Expensive Embolization Micro Coils
5.3 Market Opportunities
5.3.1 Mounting Number of Product Approvals and Launches
5.4 Future Trends
5.4.1 Growing Demand for Minimally Invasive Procedures
5.5 Impact Analysis
6. Micro Coils Market – Europe Analysis
6.1 Europe Micro Coils Market Revenue Forecast and Analysis
7. Europe Micro Coils Market Analysis – By Type
7.1 Overview
7.2 Europe 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. Europe Micro Coils Market Analysis – By Material
8.1 Overview
8.2 Europe 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. Europe Micro Coils Market Analysis – By Application
9.1 Overview
9.2 Europe 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. Europe Micro Coils Market Analysis – By End User
10.1 Overview
10.2 Europe 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. Europe Micro Coils Market – Country Analysis
11.1 Europe: Micro Coils Market
11.1.1 Overview
11.1.2 Europe: Micro Coils Market, by Country, 2020 & 2028 (%)
11.1.3 Germany: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.3.1 Germany: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.3.2 Germany: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
11.1.3.3 Germany: Micro Coils Market, By Materials – Revenue and Forecast to 2028 (USD Million)
11.1.3.4 Germany: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
11.1.3.5 Germany: Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)
11.1.4 France: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.4.1 France: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.4.2 France: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
11.1.4.3 France: Micro Coils Market, By Materials – Revenue and Forecast to 2028 (USD Million)
11.1.4.4 France: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
11.1.4.5 France: Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)
11.1.5 UK: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.5.1 UK: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.5.2 UK: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
11.1.5.3 UK: Micro Coils Market, By Materials – Revenue and Forecast to 2028 (USD Million)
11.1.5.4 UK: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
11.1.5.5 UK: Micro Coils Market, by End User – Revenue and Forecast to 2028 (USD Million)
11.1.6 Italy: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.6.1 Italy: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.6.2 Italy: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
11.1.6.3 Italy: Micro Coils Market, By Materials – Revenue and Forecast to 2028 (USD Million)
11.1.6.4 Italy: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
11.1.6.5 Italy: Micro Coils Market, by End User – Revenue and Forecast to 2028 (USD Million)
11.1.7 Spain: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.7.1 Spain: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.7.2 Spain: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
11.1.7.3 Spain: Micro Coils Market, By Materials – Revenue and Forecast to 2028 (USD Million)
11.1.7.4 Spain: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
11.1.7.5 Spain: Micro Coils Market, by End User – Revenue and Forecast to 2028 (USD Million)
11.1.8 Rest of Europe: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.8.1 Rest of Europe: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.8.2 Rest of Europe: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
11.1.8.3 Rest of Europe: Micro Coils Market, By Materials – Revenue and Forecast to 2028 (USD Million)
11.1.8.4 Rest of Europe: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
11.1.8.5 Rest of Europe: Micro Coils Market, by End User – Revenue and Forecast to 2028 (USD Million)
12. Impact of COVID-19 Pandemic on Europe Micro Coils Market
12.1 Europe: 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. Europe Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Germany: Micro Coils Market, By Materials – Revenue and Forecast to 2028 (USD Million)
Table 4. Germany: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
Table 5. Germany: Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 6. France: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 7. France: Micro Coils Market, By Materials – Revenue and Forecast to 2028 (USD Million)
Table 8. France: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
Table 9. France: Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 10. UK: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 11. UK: Micro Coils Market, By Materials – Revenue and Forecast to 2028 (USD Million)
Table 12. UK: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
Table 13. UK: Micro Coils Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 14. Italy: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 15. Italy: Micro Coils Market, By Materials – Revenue and Forecast to 2028 (USD Million)
Table 16. Italy: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
Table 17. Italy: Micro Coils Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 18. Spain: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 19. Spain: Micro Coils Market, By Materials – Revenue and Forecast to 2028 (USD Million)
Table 20. Spain: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
Table 21. Spain: Micro Coils Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 22. Rest of Europe: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 23. Rest of Europe: Micro Coils Market, By Materials – Revenue and Forecast to 2028 (USD Million)
Table 24. Rest of Europe: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
Table 25. Rest of Europe: Micro Coils 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. Europe Micro Coils Market Segmentation
Figure 2. Europe Micro Coils Market, By Country
Figure 3. Europe Micro Coils Market Overview
Figure 4. Pushable Coils Segment Is Expected to Grow Faster by Type Segment in Europe Micro Coils Market
Figure 5. UK Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Europe PEST Analysis
Figure 7. Europe Micro Coils Market Impact Analysis of Driver and Restraint
Figure 8. Europe Micro Coils Market – Revenue Forecast and Analysis
Figure 9. Europe Micro Coils Market Revenue Share, by Type (2020 and 2028)
Figure 10. Europe Detachable Coils: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe Pushable Coils: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Micro Coils Market Revenue Share, by Material (2020 and 2028)
Figure 13. Europe Platinum: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Platinum Tungsten Alloy: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Platinum and Hydrogel: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Micro Coils Market Revenue Share, by Application (2020 and 2028)
Figure 17. Europe Urology: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Oncology: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Others: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Micro Coils Market Share, by End User, 2020 and 2028 (%)
Figure 21. Europe Hospitals Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Ambulatory Surgical Centers: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe Others: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe: Micro Coils Market, by Key Country – Revenue (2020) (USD Million)
Figure 25. Europe: Micro Coils Market, by Country, 2020 & 2028 (%)
Figure 26. Germany: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
Figure 27. France: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
Figure 28. UK: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
Figure 29. Italy: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
Figure 30. Spain: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
Figure 31. Rest of Europe: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
Figure 32. Impact of COVID-19 Pandemic in European Countries Markets
- Boston Scientific Corporation
- Cook Medical LLC
- Johnson and Johnson Medical Devices (Depuy Synthes)
- KANEKA CORPORATION
- Medtronic
- Penumbra, Inc.
- Stryker Corporation
- Terumo Corporation
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