Middle East and Africa Micro Catheters and Micro Guidewires Market
Middle East & North Africa consists of three major countries namely United Arab Emirates (UAE), Saudi Arabia and South Africa. The Saudi Arabia is accounting for the largest market share in the region. The growth can be attributed to changing government policies, increasing private public partnership, improving healthcare infrastructure. Besides, rising prevalence of the cardiovascular diseases across the region. The market for microcatheters and micro guidewires is anticipated to grow in South Africa owing to the rising numbers of the heart diseases. CVD is the leading cause of death in South Africa. As per the e Heart and Stroke Foundation South Africa, CVD is responsible for almost 1 in 6 deaths (17.3%) in South Africa. In addition, 215 people die every day from heart disease or strokes in country. In addition, the lack of awareness about the cardiovascular diseases leads to the increased morbidity. In the sub-Saharan region the cardiovascular diseases is among the top three causes of death. In view of this, many organizations are running programs to reduce the mortality due to CVDs. For instance, Healthy Heart Africa Programme has been launched by the AstraZeneca to prevent hypertension and reduce the increasing burden of CVDs across Africa. The HHA program aims to reach approximately 10 million people living with blood pressure across Africa by 2025. Further, it aims to raise awareness and to educate about the lifestyle that will lead to reduce the risk of CVD. Therefore, it is expected that the increasing awareness, timely diagnosis and treatment will increasing the adoption of microcatheters and micro guidewires in coming years. Additionally, Cancer is one of the leading causes of death worldwide. As per the Globocan, in 2020, around 108, 168 cases of cancer occurred in South Africa among these 6.8% was colorectum cancer and 8.3 was associated with, lung cancer. As life expectancy increases, cancer will become a more substantial economic burden for countries. Developments in cancer treatments have extended and improved the lives of patients. Success in developing cancer treatment, such as the development of robust diagnostic, requires time and investment.
The microcatheters and micro guidewires market in the rest of the world includes the Middle East & Africa. The COVID-19 pandemic has become the most significant challenge in the region. As of June 2021, the number of COVID-19 cases has been reported in South Africa (1,665,617), Iran (2,913,136), and Turkey (5,249,404). Economic uncertainties and ongoing conflicts are worsening the condition in the region. For instance, countries such as Syria, Libya, and Yemen are suffering violent conflict and cannot implement any public health measures. Iran was in deep economic recession due to the US sanctions. Also, the major source of economic stabilization in Middle East countries is oil production and export. However, the recent pandemic is causing turbulence to the economies of the Middle East region. A sudden drop in domestic and external demand for goods and products, especially crude oil, and halted production due to labor shortage, are major impacts observed in the region
Strategic insights for the Middle East and Africa Micro Catheters and Micro Guidewires 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$ 40.41 Million |
| Market Size by 2028 | US$ 54.93 Million |
| Global CAGR (2021 - 2028) | 4.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Micro Catheters and Micro Guidewires 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 micro catheters and micro guidewires market in MEA is expected to grow from US$ 40.41 million in 2021 to US$ 54.93 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028. Significantly surging prevalence of cardiovascular diseases; Cardiovascular diseases (CVDs) are likely to remain the major cause of morbidity and mortality across the world. Heart failure, stroke, rheumatic heart disease, aortic aneurysm, and peripheral artery disease are among the most common CVDs. A few factors such as unhealthy diet adoption, tobacco consumption, sedentary lifestyle, and alcoholism are prominently contributing to the growing incidence of CVDs. The high prevalence of CVDs prominently boosts the number of heart procedures. The factor ultimately drives the growth of the micro catheters and micro guidewires market. This is bolstering the growth of the micro catheters and micro guidewires market.
In terms of product type, 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. In terms of indication type, 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, 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.
A few major primary and secondary sources referred to for preparing this report on the micro catheters and micro guidewires market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are B. Braun Melsungen AG; BD
The Middle East and Africa Micro Catheters and Micro Guidewires Market is valued at US$ 40.41 Million in 2021, it is projected to reach US$ 54.93 Million by 2028.
As per our report Middle East and Africa Micro Catheters and Micro Guidewires Market, the market size is valued at US$ 40.41 Million in 2021, projecting it to reach US$ 54.93 Million by 2028. This translates to a CAGR of approximately 4.5% during the forecast period.
The Middle East and Africa Micro Catheters and Micro Guidewires 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 Micro Catheters and Micro Guidewires Market report:
The Middle East and Africa Micro Catheters and Micro Guidewires 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 Micro Catheters and Micro Guidewires Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Micro Catheters and Micro Guidewires Market value chain can benefit from the information contained in a comprehensive market report.
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