South Africa Neurovascular Devices Market Size & Outlook
South Africa neurovascular devices market, 2018-2030 (US$M)
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South Africa neurovascular devices market highlights
- The South Africa neurovascular devices market generated a revenue of USD 32.0 million in 2023 and is expected to reach USD 45.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, cerebral embolization and aneurysm coiling devices was the largest revenue generating device in 2023.
- Support Devices is the most lucrative device segment registering the fastest growth during the forecast period.
Neurovascular devices market data book summary
| Market revenue in 2023 | USD 32.0 million |
| Market revenue in 2030 | USD 45.4 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Cerebral embolization and aneurysm coiling devices |
| Fastest growing segment | Support Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cerebral Embolization and aneurysm Coiling devices, Cerebral Angioplasty and Stenting Systems, Neurothrombectomy Devices, Support Devices, Trans Radial Access Devices |
| Key market players worldwide | Medtronic PLC, Johnson & Johnson, Penumbra Inc, MicroPort Scientific Corp, Stryker Corp, Terumo Corp, Integra Lifesciences Holdings Corp |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.1% of the global neurovascular devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa neurovascular devices market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 45.4 million by 2030.
Cerebral embolization and aneurysm coiling devices was the largest segment with a revenue share of 35.31% in 2023. Horizon Databook has segmented the South Africa neurovascular devices market based on cerebral embolization and aneurysm coiling devices, cerebral angioplasty and stenting systems, neurothrombectomy devices, support devices, trans radial access devices covering the revenue growth of each sub-segment from 2018 to 2030.
The South African neurovascular devices market is anticipated to witness considerable growth over the forecast period. Increasing healthcare expenditure and rising adoption of advanced healthcare facilities are among major factors driving the market.
For instance, as per an article published by the Economist Intelligence Unit in 2018, the South African government increased healthcare expenditure by 9.00% from the previous year. Such factors are expected to create opportunities in South Africa market, leading to entry of new and key players into the market.
In addition, according to a study published by INTERSTROKE in 2018, acute ischemic stroke accounted for around 66.00% of stroke cases in Africa. Therefore, such factors are expected to propel market growth over the forecast period.
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Neurovascular Devices Market Scope
Neurovascular Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa neurovascular devices market size, by device, 2018-2030 (US$M)
South Africa Neurovascular Devices Market Outlook Share, 2023 & 2030 (US$M)
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