Middle East & Africa Cardiac Microcatheter Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Indication (General Peripheral Vascular and Coronary) and End User (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers)
The Middle East & Africa cardiac microcatheter market is expected to grow from US$ 14.86 million in 2023 to US$ 19.10 million by 2028. It is estimated to record a CAGR of 5.2% from 2023 to 2028.
Increasing Prevalence of Cardiovascular Diseases Fuels Middle East & Africa Cardiac Microcatheter Market GrowthThe Middle East has a high prevalence rate of cardiovascular diseases, which has surged the need for various interventions such as health education, lifestyle counseling, screening, and treatment in this region. According to the World Heart Federation, cardiovascular disease is the primary cause of death in the Middle East & North Africa, accounting for more than a third of all deaths or 1.4 million people annually. Furthermore, over the past 30 years, cardiovascular diseases deaths have increased by 48%, accounting for 40% and 10% of deaths in Oman and Somalia, respectively. In 2021, age-standardized cardiovascular diseases mortality rates in the North Africa and Middle East ranged from 134.2 to 600.2 per 100,000 people. Due to high mortality rates from cardiovascular diseases in the Middle East countries, government initiatives for referral centers and many organizations also run programs to reduce mortality from cardiovascular diseases. Therefore, the high prevalence of cardiovascular diseases is boosting the Middle East & Africa cardiac microcatheter market growth.
Middle East & Africa Cardiac Microcatheter Market OverviewThe Middle East & Africa cardiac microcatheter market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Countries such as the UAE and Saudi Arabia are expected to be among the most significant contributors to the cardiac microcatheter market due to the rising prevalence of cardiovascular diseases across the region. Increasing government initiatives to control and prevent cardiovascular diseases also favor the market outlook.
Middle East & Africa Cardiac Microcatheter Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Cardiac Microcatheter Market SegmentationThe Middle East & Africa cardiac microcatheter market is segmented into indication, end user, and country.
Based on indication, the Middle East & Africa cardiac microcatheter market is segmented into general peripheral vascular and coronary. The coronary segment held a larger share of the Middle East & Africa cardiac microcatheter market in 2023.
Based on end user, the Middle East & Africa cardiac microcatheter market is segmented into hospitals, specialty clinics, and ambulatory surgical centers. The hospitals segment held the largest share of the Middle East & Africa cardiac microcatheter market in 2023.
Based on country, the Middle East & Africa cardiac microcatheter market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the share of the Middle East & Africa cardiac microcatheter market in 2023.
Boston Scientific Corp; Integer Holdings Corp; Medtronic Plc; Merit Medical Systems Inc; Nipro Corp; Teleflex Inc; and Terumo Corp are the leading companies operating in the Middle East & Africa cardiac microcatheter market.
Reasons to BuySave and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa cardiac microcatheter market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa cardiac microcatheter market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.