Market Introduction
Micro-catheters are described as thin wall, small diameter catheters and delivery devices used in minimally invasive applications. These small catheters are ideal for navigating the vast network of tiny veins found within the body.
Market Overview and Dynamics
The Middle East and Africa microcatheters market is expected to reach US$ 21.72 million by 2027 from US$ 12.46 million in 2019; it is estimated to grow at a CAGR of 7.3% from 2020 to 2027. The market growth is attributed to significantly increasing prevalence of chronic disorders, such as cardiovascular and neurovascular diseases, and rising elderly population across Middle East and Africa. However, product recall and stringent regulatory requirement, and lack of expert professionals hinder the market growth.
According to the World Health Organization (WHO), cardiovascular diseases (CVDs) are the most prominent cause of morbidity and mortality across the world. The CVDs include cerebrovascular disease, coronary heart disease, rheumatic heart disease, and so on. As per the WHO data published in 2017, ~17.9 million people died from CVDs in 2016, which was 31.0% of all the global deaths in that year. Therefore, the significantly rising incidence of CVDs across Middle East is likely to propel the demand for devices, such as microcatheters, that are required to treat these diseases. In addition, in the recent years, the prevalence of neurological disorders such as cerebral aneurysm has increased significantly across Middle East and Africa, which fuelled the demand for microcatheters used in their treatment procedures. Also, the rising geriatric population leads to rise in cardiovascular disease and neurological disease, which is contributing to the growth of the Middle East and Africa microcatheters market.
Countries in Middle East and Africa are facing economic and humanitarian challenges due to the increasing incidence of COVID-19. They have responded to the outbreak by closing borders, ordering quarantines, avoiding alternative surgery procedures, and imposing a host of restrictions to keep people confined at home. Preventive measures such as social distancing and lockdown are significantly reducing the visits of people to the healthcare facilities, which, in turn, is hampering the growth of the microcatheters market in Middle East and Africa.
Key Market Segments
The Middle East and Africa microcatheters market, by indication, is segmented into neurovascular, coronary, and general peripheral vascular. The coronary segment held the largest share of the market in 2019, and the same segment is anticipated to register the highest CAGR in the market during the forecast period.
Based on end user, the Middle East and Africa microcatheters market is segmented into hospitals, specialty clinics, and ambulatory surgical centers. The hospitals segment held the largest share of the market in 2019, and the same segment is estimated 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 Middle East and Africa microcatheters market are the Neurology Association of South Africa (NASA), World Health Organization (WHO) and Centers for Medicare & Medicaid Services (CMS).
Reasons to buy the report
MIDDLE EAST AND AFRICA MICROCATHETERS MARKET SEGMENTATION
By Indication
By End User
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 12.46 Million |
| Market Size by 2027 | US$ 21.72 Million |
| CAGR (2020 - 2027) | 7.3% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Indication
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa Microcatheters Market is valued at US$ 12.46 Million in 2019, it is projected to reach US$ 21.72 Million by 2027.
As per our report Middle East and Africa Microcatheters Market, the market size is valued at US$ 12.46 Million in 2019, projecting it to reach US$ 21.72 Million by 2027. This translates to a CAGR of approximately 7.3% during the forecast period.
The Middle East and Africa Microcatheters 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 Microcatheters Market report:
The Middle East and Africa Microcatheters 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 Microcatheters Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Microcatheters Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Middle East and Africa Microcatheters Market
