Middle East and Africa 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
Among the countries included in the Middle East & Africa region, South Africa held the largest market share in 2020 followed by Saudi Arabia and UAE. South Africa is also estimated to be the fastest growing country in the region. The healthcare expenditure made by South Africa is expected to grow at a rate of around 8.5%. There is a lack of renal registries in majority of countries in Africa which means that there are no reliable statistics about the prevalence of chronic kidney disease and end stage renal disease in the majority of African countries. Chronic kidney diseases are however estimated to affect as much as 15% of the South African population. In South Africa, steady but positive growth in healthcare industry has led to an increase in the availability of diagnostic and treatment services. Speedy increase in the number of healthcare programs. Thus, owing to these factors the MEA micro coil market is likely to propel in the forecast period. The micro coils market has been substantially growing over the past few years in the MEA region. Owing to such factors such as increasing use for uterine artery embolization, increasing number of cardiovascular diseases and advancement in the vascular disease’s treatment in the region.
In case of COVID-19, MEA is highly affected especially Saudi Arabia. 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 sector. Countries like Saudi Arabia and UAE are emerging as healthcare destinations in the regions. However, they are dependent on the countries for the resources. In South Africa, government agencies like South African Health Products Regulatory Authority has put in place a series of initiatives aimed at minimizing the potential negative impact of the pandemic on the availability of medicines and medical devices in South Africa. Furthermore, the availability of the vaccines and other healthcare facilities in the developing countries in the region is expected to provide scope for the market players in micro coil market for few years.
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Market Overview and Dynamics
The MEA micro coils market is expected to grow from US$ 24.75 million in 2021 to US$ 31.90 million by 2028; it is estimated to grow at a CAGR of 3.7% from 2021 to 2028. Mounting incidence of neurovascular diseases is expected to catalyze the market growth. The neurovascular system is highly dependent on arteries and veins that supply of oxygen and nutrients. The supply of oxygen and nutrients to the brain is essential for its working; therefore, any defect in the system can impair the function and it may lead to a life-threatening disease. A few common neurovascular conditions are ischemic stroke, hemorrhage stroke, brain aneurysm, vascular malformation, and brain tumors. During recent years, the prevalence of neurological disorders has increased significantly. For instance, thousands of people in the MEA region suffer from brain aneurysm rupture every year. A brain aneurysm ruptures every 18 minutes. Thus, the rising prevalence of cerebral aneurysms fuels the growth of the MEA micro coils market.
Key Market Segments
In terms of type, the pushable coils segment accounted for the largest share of the MEA micro coils market in 2020. In terms of material, the platinum segment held a larger market share of the MEA micro coils market in 2020. In terms of application, the others segment held a larger market share of the MEA micro coils market in 2020. Further, the hospitals segment held a larger share of the MEA 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 MEA 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, Stryker Corporation, and Terumo Corporation.
Reasons to buy report
- To understand the MEA 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 MEA micro coils market
- Efficiently plan M&A and partnership deals in MEA 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 MEA micro coils market
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.
MEA Micro Coils Market Segmentation
MEA Micro Coils Market - By Type
- Detachable Coils
- Pushable Coils
MEA Micro Coils Market - By Material
- Platinum
- Platinum Tungsten Alloy
- Platinum & Hydrogel
MEA Micro Coils Market - By Application
- Oncology
- Urology
- Others
MEA Micro Coils Market - By End User
- Hospitals
- Ambulatory Surgical Centers
- Others
MEA Micro Coils Market - By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Micro Coils Market - Company Profiles
- Boston Scientific Corporation
- Cook Medical LLC
- Johnson and Johnson Medical Devices (Depuy Synthes)
- KANEKA CORPORATION
- Medtronic
- 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 MEA Micro Coils Market – By Type
1.3.2 MEA Micro Coils Market – By Material
1.3.3 MEA Micro Coils Market – By Application
1.3.4 MEA Micro Coils Market – By End User
1.3.5 MEA Micro Coils Market – By Country
2. MEA Micro Coils Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Micro Coils Market – Market Landscape
4.1 Overview
4.2 MEA PEST Analysis
4.3 Expert Opinions
5. MEA Micro Coils Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Escalating Prevalence of Cardiac Aneurysm
5.1.2 Mounting Incidence of Neurovascular Diseases
5.2 Market Restraints
5.2.1 High Cost of Embolization Micro Coils
5.3 Market Opportunities
5.3.1 Burgeoning Number of Product Approvals and Launches
5.4 Future Trends
5.4.1 Growth in the Demand for Minimally Invasive Procedures
5.5 Impact Analysis
6. Micro Coils Market – MEA Analysis
6.1 MEA Micro Coils Market Revenue Forecast and Analysis
7. MEA Micro Coils Market Analysis – By Type
7.1 Overview
7.2 MEA 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. MEA Micro Coils Market Analysis – By Material
8.1 Overview
8.2 MEA 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. MEA Micro Coils Market Analysis – By Application
9.1 Overview
9.2 MEA 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. MEA Micro Coils Market Analysis – By End User
10.1 Overview
10.2 MEA 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. MEA Micro Coils Market – Country Analysis
11.1 MEA: Micro Coils Market
11.1.1 Overview
11.1.2 MEA: Micro Coils Market, by Country, 2020 & 2028 (%)
11.1.3 Saudi Arabia: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.3.1 Saudi Arabia: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.3.2 Saudi Arabia Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
11.1.3.3 Saudi Arabia Micro Coils Market, By Material – Revenue and Forecast to 2028 (USD Million)
11.1.3.4 Saudi Arabia Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
11.1.3.5 Saudi Arabia Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)
11.1.4 UAE: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.4.1 UAE: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.4.2 UAE Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
11.1.4.3 UAE Micro Coils Market, By Material – Revenue and Forecast to 2028 (USD Million)
11.1.4.4 UAE Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
11.1.4.5 UAE Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)
11.1.5 South Africa: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.5.1 South Africa: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
11.1.5.2 South Africa Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
11.1.5.3 South Africa Micro Coils Market, By Material – Revenue and Forecast to 2028 (USD Million)
11.1.5.4 South Africa Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
11.1.5.5 South Africa Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)
11.1.6 Rest of MEA: Micro Coils Market - Revenue and Forecast to 2028 (USD Million)
11.1.6.1 Rest of MEA: Micro Coils Market - Revenue and Forecast to 2028 (USD Million)
11.1.6.2 Rest of MEA Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
11.1.6.3 Rest of MEA Micro Coils Market, By Material – Revenue and Forecast to 2028 (USD Million)
11.1.6.4 Rest of MEA Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
11.1.6.5 Rest of MEA Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)
12. Impact of COVID-19 Pandemic on MEA Micro Coils Market
12.1 MEA: 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 Johnson and Johnson Medical Devices (Depuy Synthes)
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 KANEKA CORPORATION
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
15. Appendix
15.1 About the Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. MEA Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Saudi Arabia Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Saudi Arabia Micro Coils Market, By Material – Revenue and Forecast to 2028 (USD Million)
Table 4. Saudi Arabia Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
Table 5. Saudi Arabia Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 6. UAE Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 7. UAE Micro Coils Market, By Material – Revenue and Forecast to 2028 (USD Million)
Table 8. UAE Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
Table 9. UAE Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 10. South Africa Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 11. South Africa Micro Coils Market, By Material – Revenue and Forecast to 2028 (USD Million)
Table 12. South Africa Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
Table 13. South Africa Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 14. Rest of MEA Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 15. Rest of MEA Micro Coils Market, By Material – Revenue and Forecast to 2028 (USD Million)
Table 16. Rest of MEA Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)
Table 17. Rest of MEA Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 18. Organic Developments Done by Companies
Table 19. Glossary of Terms
LIST OF FIGURES
Figure 1. MEA Micro Coils Market Segmentation
Figure 2. MEA Micro Coils Market, By Country
Figure 3. MEA Micro Coils Market Overview
Figure 4. Pushable Coils Segment Is Expected to Grow Faster by Type Segment in MEA Micro Coils Market
Figure 5. South Africa Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. MEA PEST Analysis
Figure 7. MEA Micro Coils Market Impact Analysis of Driver and Restraint
Figure 8. MEA Micro Coils Market – Revenue Forecast and Analysis
Figure 9. MEA Micro Coils Market Revenue Share, by Type (2020 and 2028)
Figure 10. MEA Detachable Coils: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. MEA Pushable Coils: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. MEA Micro Coils Market Revenue Share, by Material (2020 and 2028)
Figure 13. MEA Platinum: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. MEA Platinum Tungsten Alloy: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Platinum and Hydrogel: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Micro Coils Market Revenue Share, by Application (2020 and 2028)
Figure 17. MEA Urology: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Oncology: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Others: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Micro Coils Market Share, by End User, 2020 and 2028 (%)
Figure 21. MEA Hospitals Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. MEA Ambulatory Surgical Centers: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. MEA Others: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. MEA: Micro Coils Market, by Key Country – Revenue (2020) (USD Million)
Figure 25. MEA: Micro Coils Market, by Country, 2020 & 2028 (%)
Figure 26. Saudi Arabia: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
Figure 27. UAE: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
Figure 28. South Africa: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)
Figure 29. Rest of MEA: Micro Coils Market - Revenue and Forecast to 2028 (USD Million)
Figure 30. Impact Of COVID-19 Pandemic in MEA Markets
- Boston Scientific Corporation
- Cook Medical LLC
- Johnson and Johnson Medical Devices (Depuy Synthes)
- KANEKA CORPORATION
- Medtronic
- Stryker Corporation
- Terumo Corporation
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