Middle East and Africa Endoscopy Guidewire Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Monofilament, Coiled, and Coated), Core Material (Stainless Steel and Nitinol), and Application (Diagnostics and Therapeutic)
Market Introduction
Middle East & Africa region includes countries such as Saudi Arabia, U.A.E., South Africa, Rest of Middle East and Africa. The region is expected to witness a moderate growth rate. The countries included in the Middle East & Africa region. The endoscopy devices market has been substantially growing over the past few years in the MEA region. Owing to such factors including improved quality of health infrastructure, increased demand for diagnostic services and available healthcare facilities across the region. The Saudi Ministry of Health (MOH) is responsible for the arrangement, implementation, and regulation of health services. The MOH along with some other government health facilities providers provides 79% of health services and the remaining is provided by the private health service providers. In addition to this primary health services are provided as first level of care covering wide network of district-based primary health care providers. The secondary care is provided by general hospitals and tertiary care is provided by specialized hospitals. The care facilities can be arranged by primary health care clinics. The administration of MOH is very much centralized, regional executives have limited independence in financing and planning of services. However, the major expenses are authorized by the central administration of MOH. In Saudi Arabia, rising healthcare spending and well-established hospital and tertiary care centers fuel the growth of the market. The government has increased healthcare and social affairs expenditure by 48% to US$ 42.64bn (SR160bn) for the development of new healthcare centers, hospitals, blood banks and primary care centers. The rising expenditure and support from Saudi Arabia government is expected to offer growth opportunities in the endoscopy devices market during the forecast period.
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. Countries like Saudi Arabia and UAE are emerging as healthcare destinations in the regions. However, they are dependent on the countries for the resources. The availability of the vaccines and other healthcare facilities in the developing countries in the region is expected to provide scope for the market few years.
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Market Overview and Dynamics
The endoscopy guidewire market in MEA is expected to grow from US$ 64.49 million in 2021 to US$ 89.40 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028. Government initiatives have been proved to be an essential aspect for the growth of technology and the demand for any product in the market. To make endoscopic procedures accessible and beneficial to the patients, various government bodies have laid various initiatives supporting endoscopy devices. Favorable government initiatives coupled with suitable policies are the major factors driving the growth of the market.
Key Market Segments
Based on type, the market is segmented into monofilament, coiled, coated. In 2020, the coated segment held the largest share MEA endoscopy guidewire market. Based on core material, the market is divided into stainless steel and nitinol. In 2020, the stainless steel segment held the largest share MEA endoscopy guidewire market. Based on application, the market is segmented into diagnostics and therapeutic. In 2020, the diagnostics segment held the largest share MEA endoscopy guidewire market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the endoscopy guidewire market in MEA 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; CONMED Corporation; HOBBS MEDICAL INC; Medtronic; Merit Medical Systems Inc; Olympus Corporation.
Reasons to buy report
- To understand the MEA endoscopy guidewire 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 MEA endoscopy guidewire market
- Efficiently plan M&A and partnership deals in MEA endoscopy guidewire 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 MEA endoscopy guidewire market
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.
MEA ENDOSCOPY GUIDEWIRE MARKETSEGMENTATION
By Type
- Monofilament
- Coiled
- Coated
By Core Material
- Stainless Steel
- Nitinol
By Application
- Diagnostics
- Therapeutic
By Country
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
Companies Mentioned
- Boston Scientific Corporation
- CONMED Corporation
- HOBBS MEDICAL INC
- Medtronic
- Merit Medical Systems Inc
- Olympus 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 MEA Endoscopy Guidewire Market – By Type
1.3.2 MEA Endoscopy Guidewire Market – By Core Material
1.3.3 MEA Endoscopy Guidewire Market – By Application
1.3.4 MEA Endoscopy Guidewire Market – By Country
2. MEA Endoscopy Guidewire Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Endoscopy Guidewire Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Middle East and Africa (MEA) – PEST Analysis
4.3 Expert Opinions
5. MEA Endoscopy Guidewire Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Prevalence of Diseases Requiring Endoscopy
5.1.2 Favourable Government Initiatives
5.2 Market Restraints
5.2.1 Risk of Infections Caused Due to Endoscopy and High Cost of Endoscopy Procedures & Equipment
5.3 Market Opportunities
5.3.1 Rising Patient Preference for Minimally Invasive Procedures
5.4 Future Trends
5.4.1 Development of Endoscopic Robotic Systems
5.5 Impact analysis
6. Endoscopy Guidewire Market – MEA Analysis
6.1 MEA Endoscopy Guidewire Market Revenue Forecast and Analysis
7. MEA Endoscopy Guidewire Market Analysis – By Type
7.1 Overview
7.2 MEA Endoscopy Guidewire Market Revenue Share, by Type (2020 and 2028)
7.3 Monofilament
7.3.1 Overview
7.3.2 Monofilament: MEA Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Coiled
7.4.1 Overview
7.4.2 Coiled: MEA Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
7.5 Coated
7.5.1 Overview
7.5.2 Coated: MEA Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
8. MEA Endoscopy Guidewire Market Analysis – By Core Material
8.1 Overview
8.2 MEA Endoscopy Guidewire Market Revenue Share, by Core Material (2020 and 2028)
8.3 Stainless Steel
8.3.1 Overview
8.3.2 Stainless Steel: MEA Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Nitinol
8.4.1 Overview
8.4.2 Nitinol: MEA Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
9. MEA Endoscopy Guidewire Market Analysis – By Application
9.1 Overview
9.2 MEA Endoscopy Guidewire Market Revenue Share, by Application (2020 and 2028)
9.3 Diagnostics
9.3.1 Overview
9.3.2 Diagnostics: MEA Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
9.3.3 Overview
9.3.4 Therapeutic: MEA Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
10. MEA Endoscopy Guidewire Market – Country Analysis
10.1 Middle East and Africa: Endoscopy Guidewire Market
10.1.1 Overview
10.1.2 Middle East and Africa: Endoscopy Guidewire Market, by Country, 2020 & 2028 (%)
10.1.3 Saudi Arabia: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (USD Million)
10.1.3.1 Overview
10.1.3.2 Saudi Arabia: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (USD Million)
10.1.3.3 Saudi Arabia: Endoscopy Guidewire Market, by Type, 2019–2028 (USD Million)
10.1.3.4 Saudi Arabia: Endoscopy Guidewire Market, by Distribution Channel, 2019–2028 (USD Million)
10.1.3.5 Saudi Arabia: Endoscopy Guidewire Market, by Application, 2019–2028 (USD Million)
10.1.4 South Africa: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (USD Million)
10.1.4.1 Overview
10.1.4.2 South Africa: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (USD Million)
10.1.4.3 South Africa: Endoscopy Guidewire Market, by Type, 2019–2028 (USD Million)
10.1.4.4 South Africa: Endoscopy Guidewire Market, by Distribution Channel, 2019–2028 (USD Million)
10.1.4.5 South Africa: Endoscopy Guidewire Market, by Application, 2019–2028 (USD Million)
10.1.5 UAE: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (USD Million)
10.1.5.1 Overview
10.1.5.2 UAE: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (USD Million)
10.1.5.3 UAE: Endoscopy Guidewire Market, by Type, 2019–2028 (USD Million)
10.1.5.4 UAE: Endoscopy Guidewire Market, by Distribution Channel, 2019–2028 (USD Million)
10.1.5.5 UAE: Endoscopy Guidewire Market, by Application, 2019–2028 (USD Million)
10.1.6 Rest of Middle East and Africa: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (USD Million)
10.1.6.1 Overview
10.1.6.2 Rest of Middle East and Africa: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (USD Million)
10.1.6.3 Rest of Middle East and Africa: Endoscopy Guidewire Market, by Type, 2019–2028 (USD Million)
10.1.6.4 Rest of Middle East and Africa: Endoscopy Guidewire Market, by Distribution Channel, 2019–2028 (USD Million)
10.1.6.5 Rest of Middle East and Africa: Endoscopy Guidewire Market, by Application, 2019–2028 (USD Million)
11. Impact of COVID-19 Pandemic on MEA Endoscopy Guidewire Market
11.1 MEA: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Organic Developments
12.2.1 Overview
12.3 Inorganic Developments
12.3.1 Overview
13. Company Profiles
13.1 Olympus Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 CONMED Corporation
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Boston Scientific Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Merit Medical Systems Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Medtronic
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 HOBBS MEDICAL INC
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. MEA Endoscopy Guidewire Market, Revenue and Forecast to 2028 (USD Million)
Table 2. Saudi Arabia: Endoscopy Guidewire Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Saudi Arabia: Endoscopy Guidewire Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 4. Saudi Arabia: Endoscopy Guidewire Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. South Africa: Endoscopy Guidewire Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 6. South Africa: Endoscopy Guidewire Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 7. South Africa: Endoscopy Guidewire Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. UAE: Endoscopy Guidewire Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 9. UAE: Endoscopy Guidewire Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 10. UAE: Endoscopy Guidewire Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of Middle East and Africa: Endoscopy Guidewire Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of Middle East and Africa: Endoscopy Guidewire Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 13. Rest of Middle East and Africa: Endoscopy Guidewire Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 14. Organic Developments Done by Companies
Table 15. Glossary of Terms, Endoscopy Guidewire Market
LIST OF FIGURES
Figure 1. MEA Endoscopy Guidewire Market Segmentation
Figure 2. MEA Endoscopy Guidewire Market Segmentation, By Country
Figure 3. MEA Endoscopy Guidewire Market Overview
Figure 4. Coated Segment Held Largest Share of MEA Endoscopy Guidewire Market
Figure 5. Saudi Arabia to Show Significant Growth During Forecast Period
Figure 6. Middle East and Africa (MEA) PEST Analysis
Figure 7. MEA Endoscopy Guidewire Market Impact Analysis of Drivers and Restraints
Figure 8. MEA Endoscopy Guidewire Market – Revenue Forecast and Analysis – 2020- 2028 (USD Million)
Figure 9. MEA Endoscopy Guidewire Market Revenue Share, by Type (2020 and 2028)
Figure 10. Monofilament: MEA Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
Figure 11. Coiled: MEA Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
Figure 12. Coated: MEA Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Endoscopy Guidewire Market Revenue Share, by Core Material (2020 and 2028)
Figure 14. Stainless Steel: MEA Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
Figure 15. Nitinol: MEA Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Endoscopy Guidewire Market Revenue Share, by Application (2020 and 2028)
Figure 17. Diagnostics: MEA Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
Figure 18. Therapeutic: MEA Endoscopy Guidewire Market– Revenue and Forecast to 2028 (US$ Million)
Figure 19. Middle East and Africa: Endoscopy Guidewire Market, by Key Country – Revenue (2020) (USD Million)
Figure 20. Middle East and Africa: Endoscopy Guidewire Market, by Country, 2020 & 2028 (%)
Figure 21. Saudi Arabia: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (USD Million)
Figure 22. South Africa: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (USD Million)
Figure 23. UAE: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (USD Million)
Figure 24. Rest of Middle East and Africa: Endoscopy Guidewire Market – Revenue and Forecast to 2028 (USD Million)
Figure 25. Impact Of COVID-19 Pandemic in MEA Market
- Boston Scientific Corporation
- CONMED Corporation
- HOBBS MEDICAL INC
- Medtronic
- Merit Medical Systems Inc
- Olympus Corporation
- To understand the MEA endoscopy guidewire 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 MEA endoscopy guidewire market
- Efficiently plan M&A and partnership deals in MEA endoscopy guidewire 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 MEA endoscopy guidewire market
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.