Hospitals Segment to Dominate MEA Micro Coils Market During 2021-2028
According to a new market research study on “MEA Micro Coils Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type, Material, Application, and End-user” is expected to reach US$ 31.90 million by 2028 from US$ 24.75 million in 2021. The market is estimated to grow at a CAGR of 3.7% from 2021 to 2028. The report provides trends prevailing in the MEA micro coils market along with the drivers and restraints pertaining to the market growth. Growth in the demand for minimally invasive procedures and burgeoning number of product approvals and launches are the major factor driving the growth of the MEA micro coils market. However, high cost of embolization micro coils hinders the growth of MEA micro coils market.
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.
The MEA micro coils market is segmented into the type, material, application, End-user, and country. The market based on type is segmented into detachable coils and pushable coils. The pushable coils segment dominated the MEA micro coils market in 2020 and is also expected to be fastest growing during forecast period. The market based on material is segmented into platinum, platinum tungsten alloy, and platinum & hydrogel. The platinum segment dominated the MEA micro coils market in 2020 and is also expected to be fastest growing during forecast period. The market based on application is segmented into oncology, urology, and others. The others segment dominated the MEA micro coils market in 2020 and is also expected to be fastest growing during forecast period. The market based on End-user is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment dominated the MEA micro coils market in 2020 and is also expected to be fastest growing during forecast period.
Boston Scientific Corporation, Cook Medical LLC, Johnson and Johnson Medical Devices (Depuy Synthes), KANEKA CORPORATION, Medtronic, Stryker Corporation, and Terumo Corporation are among the leading companies in the MEA micro coils 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 2017, Medtronic has announced that is is expanding its embolisation product portfolio with the launch of the Concerto 3D detachable coil system. The system was launched at the Cardiovascular and Interventional Radiological Society of Europe annual meeting.
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.
The MEA micro coils market is segmented into the type, material, application, End-user, and country. The market based on type is segmented into detachable coils and pushable coils. The pushable coils segment dominated the MEA micro coils market in 2020 and is also expected to be fastest growing during forecast period. The market based on material is segmented into platinum, platinum tungsten alloy, and platinum & hydrogel. The platinum segment dominated the MEA micro coils market in 2020 and is also expected to be fastest growing during forecast period. The market based on application is segmented into oncology, urology, and others. The others segment dominated the MEA micro coils market in 2020 and is also expected to be fastest growing during forecast period. The market based on End-user is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment dominated the MEA micro coils market in 2020 and is also expected to be fastest growing during forecast period.
Boston Scientific Corporation, Cook Medical LLC, Johnson and Johnson Medical Devices (Depuy Synthes), KANEKA CORPORATION, Medtronic, Stryker Corporation, and Terumo Corporation are among the leading companies in the MEA micro coils 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 2017, Medtronic has announced that is is expanding its embolisation product portfolio with the launch of the Concerto 3D detachable coil system. The system was launched at the Cardiovascular and Interventional Radiological Society of Europe annual meeting.
The report segments the MEA Micro Coils Market as follows:
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
Reasons to buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA micro coils market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in MEA micro coils market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the micro coils market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table of Contents
1. Introduction1.1 Scope of the Study
1.2 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
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 TermsList 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
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Boston Scientific Corporation
- Cook Medical LLC
- Johnson and Johnson Medical Devices (Depuy Synthes)
- Kaneka Corporation
- Medtronic
- Stryker Corporation
- Terumo Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 124 |
| Published | July 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 24.75 Million |
| Forecasted Market Value ( USD | $ 31.9 Million |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Africa, Middle East |
