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Middle East and Africa Micro Catheters and Micro Guidewires Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type, Indication, and End User

Middle East and Africa Micro Catheters and Micro Guidewires Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type, Indication, and End User

  • July 2021
  • 109 pages
  • ID: 6134342
  • Format: PDF
  • The Insight Partners

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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.

Increasing incidence of neurovascular diseases is also bolstering the growth of the industry.The neurovascular system is highly dependent on the continuous supply of oxygen and nutrients, which is supplied by arteries and veins.

The supply of oxygen and nutrients to the brain is essential for its working; therefore, any defect in the system can impair the function and it may quickly become a life-threatening factor.A few common neurovascular conditions, diseases, or disorders are ischemic stroke, hemorrhage stroke, brain aneurysm, vascular malformation, and brain tumors.

During recent years, the prevalence of neurological disorders has increased significantly.For instance, cerebral aneurysm is one of the neurovascular diseases.

The incidence of this disease is rising significantly worldwide. Therefore, its prevalence has increased tremendously.

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

The hospital segment led the micro catheters and micro guidewires market based on end-user type in 2020.The hospital is a complex organization and an institute that provides health to people through complicated but specialized scientific equipment and team of trained staff educated in the problems of modern medical science.

They are all coordinated together for the common goal of restoring and maintain good health.Hospitals serves a significant role by providing extensive range of medical services to the patient population suffering from wide variety of diseases.

The growth of segment is majorly attributed to the increasing number of hospitals with advanced facilities, rising focus on offering superior patient experience, and preference of patients to opt for hospitals to get treatment for neurological conditions. Increase in number of hospitals, improvements in reimbursement policies, and increase in incidences of cardiovascular diseases are expected to drive the market, which is ultimately drives the micro catheters and micro guidewires market.

The overall MEA micro catheters and micro guidewires market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the MEA micro catheters and micro guidewires market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the MEA micro catheters and micro guidewires market. B. Braun Melsungen AG; BD; Boston Scientific Corporation; Cardinal Health Inc; Cook Medical LLC; Medtronic; Stryker Corporation; Teleflex Incorporated; Terumo Corporation; are among a few players operating in the MEA micro catheters and micro guidewires market

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