Europe Micro Coils Market
The market for Europe includes France, Germany, United Kingdom, Spain, Italy, and rest of Europe. Europe occupies second position in the global micro coils market and is expected to register robust growth rate over the forecast period. The market is expected to witness robust growth due to the rising prevalence of the renal cancer in Germany and increasing numbers of the investments by the governments of France and United Kingdom. In addition, the rise in the prevalence of stroke are likely to drive the market significantly in the coming future. Increasing Incidence of neurovascular diseases and surging prevalence of cardiac aneurysm are the major factor driving the growth of the Europe micro coils market.
In case of COVID-19, Europe is highly affected specially Spain. The COVID–19 pandemic has shown a significant negative impact on the global as well as on European health economies. Health services in European region is highly prioritized to serve for patients affected by COVID-19. The routine health care services have remained suspended. Therefore, it has affected the Micro Coil related market and its dependable revenue generation in the region. Europe has long been within an area of dynamic development in the field of surgical procedures. In the recent times, these changes have been even more significant and rapid. The countries in the Europe has developed a strong line of actions to handle the COVID 19 situations which has a positive impact on the healthcare system, there has been rise of the COVID19 cases in the recent times owing to the various COVID19 strains. For instance, in March 2020, the European Medicines Agency established a managing committee to deal with the impact of COVID-19 on the supply chain of medicines and devices. Furthermore, once the COVID-19 pandemic subsides there may be constraints in the capacities and financial resources of hospitals and other healthcare providers to perform elective surgeries procedures that had been deferred due to COVID-19, which could have an adverse effect on demand for micro coil based medical device products and is likely to hamper the growth of the market .European countries have undergone second phase of lockdown as they have experienced second wave of COVID infection. Countries such as the UK, Belgium, Germany, Switzerland, France, Italy, and Spain are highly affected. Therefore, the lockdown has widely affected the flow of businesses across the region and outside the region. Various conferences related to industry are being conducted through webinars. Hence, it is expected that negative impact on the market is likely to continues in the following few years.
Strategic insights for the Europe Micro Coils provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 175.96 Million |
| Market Size by 2028 | US$ 248.96 Million |
| Global CAGR (2021 - 2028) | 5.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Micro Coils refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe micro coils market is expected to grow from US$ 175.96 million in 2021 to US$ 248.96 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028. Growing demand for minimally invasive procedures is expected to escalate the market growth. A minimally invasive medical procedure is generally carried out by inserting a small device or an implant in human body through an incision or anatomical opening. These procedures are being performed widely during the recent years. Since these incisions are tiny, a patient recovers at a faster rate comparatively, with minimum discomfort. A few benefits of a minimally invasive procedure are a few small cuts; less trauma to the muscles, nerves, and tissues; less bleeding and scarring; less tissue injury; less trauma to organs; less pain; less hospital stay; and faster oral intake. In addition, rising awareness about these procedures and the availability of reimbursement for it are likely to foster the demand for minimally invasive procedure. Thus, the Europe micro coils market is likely to grow at a significant rate during the forecast period.
In terms of type, the pushable coils segment accounted for the largest share of the Europe micro coils market in 2020. In terms of material, the platinum segment held a larger market share of the Europe micro coils market in 2020. In terms of application, the others segment held a larger market share of the Europe micro coils market in 2020. Further, the hospitals segment held a larger share of the Europe micro coils market based on end user in 2020.
A few major primary and secondary sources referred to for preparing this report on the Europe 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; Penumbra, Inc.; Stryker Corporation; and Terumo Corporation.
The Europe Micro Coils Market is valued at US$ 175.96 Million in 2021, it is projected to reach US$ 248.96 Million by 2028.
As per our report Europe Micro Coils Market, the market size is valued at US$ 175.96 Million in 2021, projecting it to reach US$ 248.96 Million by 2028. This translates to a CAGR of approximately 5.1% during the forecast period.
The Europe Micro Coils 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 Europe Micro Coils Market report:
The Europe Micro Coils Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Micro Coils Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Micro Coils Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Micro Coils Market
