South and Central America Micro Catheters and Micro Guidewires Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type, Indication, and End User

Hospitals Segment to Dominate SCAM Micro Catheters and Micro Guidewires Market during 2020-2028

According to a new market research study on “SCAM Micro Catheters and Micro Guidewires Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Product Type, Indication, and End-user,” is expected to reach US$ 93.64 million by 2028 from US$ 67.80 million in 2021. The market is estimated to grow at a CAGR of 4.7% from 2021 to 2028. The report provides trends prevailing in the SCAM micro catheters and micro guidewires market along with the drivers and restraints pertaining to the market growth. Surging incidence of neurovascular diseases is the major factor driving the growth of SCAM micro catheters and micro guidewires market. However, product recall and stringent regulatory requirement hinder the growth of SCAM micro catheters and micro guidewires market.

SCAM is hit by the COVID-19 pandemic and thus has profound humanitarian, economic, and political consequences. South and Central America are among the regions with rising number of reported cases of COVID-19. South and Central America have been witnessing a growing number of COVID-19 cases since its outbreak. For instance, according to Worldometer, the number of cases has reached around 28.8 million with 0.7 million deaths reported in South America as of June 2021. The cases are increasing in Brazil, Argentina, Colombia. The COVID-19 is expected to result in the region's worst recession, causing a 9.1% contraction in regional GDP in 2020. This is expected to increase the number of poor up by 45 million and the extremely poor number by 28 million. They have responded to the situation by closing borders, ordering quarantines, avoiding alternative surgery procedures and imposing a host of restrictions to keep people confined at home. Such preventive measures have significantly reduced the visits to healthcare facilities for people in order to follow social distancing and lockdown rule, in turn, hampering the growth of the microcatheters and micro guidewires market.

The market for micro catheters and micro guidewires is segmented into by product type, indication, End-user, and country. Based on product type, the market is segmented into, micro catheters and micro guidewires. The micro catheter segment held the largest share of the market in 2020, and the same segment is anticipated to register the highest CAGR in the market during the forecast period. Based on, by indication, the market is segmented into, neurovascular, cardiology, urology, otolaryngology, oncology, and others. The cardiology segment held the largest share of the market in 2020, however, the oncology segment is anticipated to register the highest CAGR in the market during the forecast period. Similarly, based on End-user, the market is segmented into hospitals, specialty clinics, and ambulatory surgical centers. The hospitals segment held the largest share of the market in 2020 and is estimated to register the highest CAGR in the market during the forecast period.

B. Braun Melsungen AG; BD; Boston Scientific Corporation; Cardinal Health Inc; Medtronic; Stryker Corporation; Teleflex Incorporated; Terumo Corporation; are among the leading companies in the SCAM micro catheters and micro guidewires market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, the performance of Teleflex Coronary Guidewires and Specialty Catheters in patients undergoing Chronic Total Occlusion Percutaneous Coronary Interventions will be evaluated in this study.

The report segments the SCAM Micro Catheters and Micro Guidewires Market as follows:

SCAM Micro Catheters and Micro Guidewires Market - By Product Type

• Micro Catheter
• Micro Guidewire

SCAM Micro Catheters and Micro Guidewires Market - By Indications

• Cardiology
• Neurology
• Oncology
• Intravascular Embolization
• Transcatheter Arterial Chemo Embolization
• Urology
• Otolaryngology
• Others

SCAM Micro Catheters and Micro Guidewires Market - By End-user

• Hospitals
• Ambulatory Surgical Centres
• Specialty Clinics

SCAM Micro Catheters and Micro Guidewires Market - By Country

• Brazil
• Argentina
• Rest of SCAM

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