Market Introduction
Coil assisted flow diverters is an adjunctive intrasaccular stent which is made of super visible braid elastic matter and is less restrictive. It is designed for application with embolization coils for the treatment of aneurysms. It also possesses mesh braid of contour neurovascular system, with memory properties, self-anchoring, stabilizing and less restricting sizing with the help of high precision re-sheathable placement into the aneurysm sac neck.
Market Overview and Dynamics
The Middle East and Africa coil assisted flow diverters market is expected to reach US$ 10.06 million by 2028 from US$ 7.12 million in 2021; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028. Key factors that are driving growth of the market are rising incidence of intracranial aneurysms and growing incidence of hypertension, smoking, alcoholism, and obesity fuel the growth of the market. However, high cost of neurosurgical devices is expected to restrict the market growth during the forecast period.
Coil assisted flow diverters are stent-like devices that are used to for the embolization of intracranial aneurysms. Thus, increasing incidence of intracranial aneurysms is propelling the demand for coil assisted flow diverters. According to NCBI, in 2018, worldwide, almost 500,000 individuals will suffer from intracranial aneurysms each year, with almost two-thirds in low- and middle-income countries. Thus, increasing prevalence of intracranial aneurysms is creating high demand for coil assisted flow diverters. Also, hypertension, smoking, alcoholism, and obesity are associated with the development of brain aneurysms. Thus, increasing prevalence of these diseases is likely to fuel the demand for coil assisted flow diverters. In addition to this, the growing geriatric population, the rise in associated neurological disorders and technological advancements in coil assisted flow diverters across Middle Eastern countries are likely to create growth opportunities for the market.
Countries in the Middle East have also widely affected the socio-economic condition by the COVID–19 pandemic. The availability of vaccines and other healthcare facilities in the developing countries in the region is expected to provide scope for the market few years. The COVID-19 pandemic has helped the middle eastern countries like UAE and Saudi Arabia, to enhance their capacity and showcase their abilities for healthcare services. On the other hand, various developments have been done to test the presence of antibodies against COVID-19. In June 2020, two private hospitals in UAE named Mediclinic Middle East and King’s College Hospital London had initiated offering FDA-authorized COVID-19 serology test in public. The test confirms antibodies against COVID-19 that are produced by the immune system resulted from COVID-19. The availability of vaccines and other healthcare facilities in the developing countries in the Middle East region is expected to provide scope for the market few years.
Key Market Segments
Based on application, the Middle East and Africa coil assisted flow diverters market is segmented into wide-neck bifurcation aneurysms and narrow bifurcation aneurysms. The wide-neck bifurcation aneurysms segment held a larger share of the market in 2021 and is anticipated to register the highest CAGR in the market during the forecast period.
Based on end user, the Middle East and Africa coil assisted flow diverters market is segmented into hospitals, clinics, and ambulatory surgical centers. The hospitals segment held the largest share of the market in 2021 and is anticipated to register the highest CAGR in the market during the forecast period.
Major Sources and Companies Listed
A few of the primary and secondary sources associated with this report on the Middle East and Africa coil assisted flow diverters market are the Neurology Association of South Africa (NASA), World Stroke Organization (WSO), and World Health Organization (WHO).
Reasons to buy the report
MIDDLE EAST AND AFRICA COIL ASSISTED FLOW DIVERTERS MARKET SEGMENTATION
By Application
By End User
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 7.12 Million |
| Market Size by 2028 | US$ 10.06 Million |
| CAGR (2021 - 2028) | 5.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa Coil Assisted Flow Diverters Market is valued at US$ 7.12 Million in 2021, it is projected to reach US$ 10.06 Million by 2028.
As per our report Middle East and Africa Coil Assisted Flow Diverters Market, the market size is valued at US$ 7.12 Million in 2021, projecting it to reach US$ 10.06 Million by 2028. This translates to a CAGR of approximately 5.1% during the forecast period.
The Middle East and Africa Coil Assisted Flow Diverters Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Coil Assisted Flow Diverters Market report:
The Middle East and Africa Coil Assisted Flow Diverters Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Coil Assisted Flow Diverters Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Coil Assisted Flow Diverters Market value chain can benefit from the information contained in a comprehensive market report.
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