South Africa Microcatheter Market Size & Outlook
South Africa microcatheter market, 2016-2027 (US$M)
Related Markets
South Africa microcatheter market highlights
- The South Africa microcatheter market generated a revenue of USD 18.6 million in 2020 and is expected to reach USD 27.6 million by 2027.
- The South Africa market is expected to grow at a CAGR of 5.8% 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.
Microcatheter market data book summary
| Market revenue in 2020 | USD 18.6 million |
| Market revenue in 2027 | USD 27.6 million |
| Growth rate | 5.8% (CAGR from 2020 to 2027) |
| Largest segment | Dual lumen |
| Fastest growing segment | Dual Lumen |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 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, South Africa accounted for 1.0% of the global microcatheter market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Middle East & Africa, Saudi Arabia microcatheter market is projected to lead the regional market in terms of revenue in 2027.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 27.6 million by 2027.
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Microcatheter Market Scope
Microcatheter Market Companies
| Name | Profile | # Employees | HQ | Website |
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South 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 63.98% in 2020. Horizon Databook has segmented the South Africa microcatheter market based on single lumen, dual lumen covering the revenue growth of each sub-segment from 2016 to 2027.
In the MEA region, South Africa microcatheter market is anticipated to witness considerable growth over the forecast period. Increasing healthcare expenditure and rising adoption of advanced healthcare facilities are major factors driving the market.
For instance, as per article published by the Economist Intelligence Unit Limited in 2018, the South African government has increased the healthcare expenditure by 9.00% from the previous year. Such instances are expected to create opportunities in the South African market owing to which new and key players may enter the market.
Moreover, as per the IHME, ischemic heart disease and stroke were the second and fourth leading causes of deaths in the country in 2017, and the number of deaths is expected to increase in the coming years. Therefore, such factors are expected to propel the market growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa microcatheter market , including forecasts for subscribers. This country databook contains high-level insights into South Africa microcatheter market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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South Africa microcatheter market size, by product design, 2016-2027 (US$M)
South Africa Microcatheter Market Outlook Share, 2020 & 2027 (US$M)
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