Middle East & Africa Microcatheter Market Size & Outlook
Middle East & Africa microcatheter market, 2016-2027 (US$M)
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MEA microcatheter market highlights
- The MEA microcatheter market generated a revenue of USD 80.1 million in 2020.
- The market is expected to grow at a CAGR of 4.6% from 2021 to 2027.
- In terms of segment, dual lumen was the largest revenue generating product design in 2020.
- Dual Lumen is the most lucrative product design segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2021 to 2027.
MEA data book summary
| Market revenue in 2020 | USD 80.1 million |
| Market revenue in 2027 | USD 109.8 million |
| Growth rate | 4.6% (CAGR from 2020 to 2027) |
| Largest segment | Dual lumen |
| Fastest growing segment | Dual Lumen |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Lumen, Dual Lumen |
| Key market players worldwide | Medtronic PLC, Terumo Corp, Merit Medical Systems Inc, Stryker Corp, Penumbra Inc, Boston Scientific Corp, Teleflex Inc, Asahi Intecc Co Ltd, Surmodics Inc, BioCardia Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.3% of the global microcatheter market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 566.5 million by 2027.
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Microcatheter Market Scope
Microcatheter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa microcatheter market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microcatheter market will help companies and investors design strategic landscapes.
Dual lumen was the largest segment with a revenue share of 64.29% in 2020. Horizon Databook has segmented the Middle East & Africa microcatheter market based on single lumen, dual lumen covering the revenue growth of each sub-segment from 2016 to 2027.
Healthcare infrastructure in most of the Middle Eastern countries is well established and government organizations cover almost 70% of the healthcare expenditure of the residents. High-income countries, such as Saudi Arabia, Israel, and Qatar, are attempting to involve the latest technological devices in their healthcare infrastructure.
Saudi Arabia is the most populous country in the region with the fastest growth rate. Increasing healthcare expenditure and gradual adoption of technologically advanced products in these countries are factors expected to promote market growth.
In addition, increasing incidence of heart disease and stroke in South Africa, Saudi Arabia, and UAE is also expected to propel the market growth. Thus, government’s efforts coupled with developing healthcare infrastructure in the region will further fuel growth of market in the region.
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Our clientele includes a mix of microcatheter market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa microcatheter market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa microcatheter market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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MEA microcatheter market size, by country, 2016-2027 (US$M)
Middle East & Africa Microcatheter Market Outlook Share, 2020 & 2027 (US$M)
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