South and Central America Micro Catheters and Micro Guidewires Market
No. of Pages: 102 | Report Code: TIPRE00023724 | Category: Life Sciences
No. of Pages: 102 | Report Code: TIPRE00023724 | Category: Life Sciences
South and Central America microcatheters and micro guidewires market includes the consolidated markets for Brazil, Argentina, and Rest of South and Central America. The increasing number of cases of cardiovascular and neurovascular disease and government initiative to prevent infectious diseases are major factors contributing to the growth of the microcatheter market. The cardiovascular and neurovascular diseases in Brazil is likely to contribute the growth of the microcatheter market during the forecast period. The growth is attributed by the growing numbers of the cardiovascular and neurovascular diseases. Amidst all the instruments, microcatheters and micro guidewires are used to treat vascular diseases. This device's demand is growing for diagnosis, steer-ability, and embolic agent delivery to mark sites with minimally invasive surgeries. These catheters are in cursive medical devices that perambulate through neurovascular and cardiovascular complex pathways. It is estimated that three quarters of all deaths related to CVD occur in low- and middle-income countries such as Brazil. According to the World Health Organization (WHO), cardiovascular diseases contributed approximately 28% of the total deaths in 2016. The country has a Brazilian Society of Cardiology (SBC), which is an affiliated member of the European Society of Cardiology. The society 12 scientific departments and 10 study groups, as well as an organization in 26 regional societies throughout Brazil. Moreover, in 2016, ischemic stroke was the common type of neurovascular disease, considering for 61.8% of total deaths in 2016 in Brazil. This data was published by a study titled ‘The burden of stroke in Brazil in 2016: an analysis of the Global Burden of Disease’. Moreover, the percentage is seen to be higher among the people aged 70 years and above. With the growing numbers of such cases, the demand or micro-catheters is likely to grow because microcatheters and micro guidewires are employed extensively in the neurovascular and cardiovascular fields.
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
Strategic insights for the South and Central America 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$ 67.80 Million |
| Market Size by 2028 | US$ 93.64 Million |
| Global CAGR (2021 - 2028) | 4.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South and Central America 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 SCAM is expected to grow from US$ 67.80 million in 2021 to US$ 93.64 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028. Rising demand for minimally invasive procedures; 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 less 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. 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 SCAM 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 South and Central America Micro Catheters and Micro Guidewires Market is valued at US$ 67.80 Million in 2021, it is projected to reach US$ 93.64 Million by 2028.
As per our report South and Central America Micro Catheters and Micro Guidewires Market, the market size is valued at US$ 67.80 Million in 2021, projecting it to reach US$ 93.64 Million by 2028. This translates to a CAGR of approximately 4.7% during the forecast period.
The South and Central America 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 South and Central America Micro Catheters and Micro Guidewires Market report:
The South and Central America 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 South and Central America Micro Catheters and Micro Guidewires Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South and Central America Micro Catheters and Micro Guidewires Market value chain can benefit from the information contained in a comprehensive market report.
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