South and Central America Microcatheters Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Indication (Neurovascular, Coronary, and General Peripheral Vascular) and End User (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers)
May 5, 2021
The Insight Partners
115
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South and Central America Microcatheters Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Indication (Neurovascular, Coronary, and General Peripheral Vascular) and End User (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers)
Abstract The South and Central America microcatheters market is expected to reach US$ 37.03 million by 2027 from US$ 20.86 million in 2019; it is estimated to grow at a CAGR of 7.5% from 2020 to 2027. The market growth is attributed to significantly increasing prevalence of chronic disorders, such as cardiovascular and neurovascular diseases, and rising elderly population across South and Central America. However, product recall and stringent regulatory requirement, and lack of expert professionals hinder the market growth.
Micro-catheters are delivery devices used in minimally invasive applications. These small catheters are ideal for navigating the vast network of tiny veins found within the body. According to the World Health Organization (WHO), cardiovascular diseases (CVDs) are the most prominent cause of morbidity and mortality across the world. The CVDs include cerebrovascular disease, coronary heart disease, rheumatic heart disease, and so on. As per the WHO data published in 2017, ~17.9 million people died from CVDs in 2016, which was 31.0% of all the global deaths in that year. Therefore, the significantly rising incidence of CVDs across Latin America is likely to propel the demand for devices, such as microcatheters, that are required to treat these diseases. In addition, in the recent years, the prevalence of neurological disorders such as cerebral aneurysm has increased significantly across South and Central America, which fuelled the demand for microcatheters used in their treatment procedures. Also, the rising geriatric population leads to rise in cardiovascular disease and neurological disease, which is contributing to the growth of the South and Central America microcatheters market.
Countries in South and Central America are facing economic and humanitarian challenges due to the increasing incidence of COVID-19. They have responded to the outbreak by closing borders, ordering quarantines, avoiding alternative surgery procedures, and imposing a host of restrictions to keep people confined at home. Preventive measures such as social distancing and lockdown are significantly reducing the visits of people to the healthcare facilities, which, in turn, is hampering the growth of the microcatheters market in South and Central America.
Content TABLE OF CONTENTS 1. Introduction 1.1 Scope of the Study 1.2 The Insight Partners Research Report Guidance 1.3 Market Segmentation 1.3.1 South and Central America Microcatheters Market – By Indication 1.3.2 South and Central America Microcatheters Market – By End User 1.3.3 South and Central America Microcatheters Market – By Country 2. Microcatheters Market – Key Takeaways 3. Research Methodology 3.1 Coverage 3.2 Secondary Research 3.3 Primary Research 4. South and Central America Microcatheters Market– Market Landscape 4.1 Overview 4.2 PEST Analysis 4.2.1 South and Central America – PEST Analysis 4.3 Expert Opinions 5. South and Central America Microcatheter Market – Key Industry Dynamics 5.1 Key Market Drivers 5.1.1 Escalating Prevalence of Cardiovascular Diseases 5.1.2 Increasing Incidence of Neurovascular Diseases 5.1.3 Surge in Elderly Population 5.2 Key Market Restraints 5.2.1 Product Recall and Stringent Regulatory Requirements 5.2.2 Lack of Expert Professionals 5.3 Key Market Opportunities 5.3.1 Growth Avenues in Developing Nations 5.4 Future Trends 5.4.1 Rising Demand for Minimally Invasive Procedures 6. Microcatheters Market – South and Central America Analysis 6.1 South and Central America Microcatheters Market Revenue Forecast and Analysis 7. Microcatheters Market Analysis – By Indication 7.1 Overview 7.2 Microcatheters Market Revenue Share, by Indication (2019 and 2027) 7.3 Coronary 7.3.1 Overview 7.3.2 Coronary: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) 7.4 Neurovascular 7.4.1 Overview 7.4.2 Neurovascular: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) 7.5 General Peripheral Vascular 7.5.1 Overview 7.5.2 General Peripheral Vascular: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) 8. Microcatheters Market Analysis – By End User 8.1 Overview 8.2 Microcatheters Market Share, by End User, 2019 and 2027, (%) 8.3 Hospitals 8.3.1 Overview 8.3.2 Hospitals: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) 8.4 Specialty Clinics 8.4.1 Overview 8.4.2 Specialty Clinics: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) 8.5 Ambulatory Surgical Centres 8.5.1 Overview 8.5.2 Ambulatory Surgical Centers: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) 9. Microcatheters Market – South and Central America Analysis 9.1 South and Central America: Microcatheters Market 9.1.1 South and Central America: Microcatheters Market Share by Country – 2019 & 2027, (%) 9.1.1.1 Brazil: Microcatheters Market- Revenue and Forecasts to 2027 (USD Million) 9.1.1.1.1 Brazil: Microcatheters Market- Revenue and Forecasts to 2027 (USD Million) 9.1.2 Brazil: Microcatheters Market, by Indication, 2018 -2027 (USD Million) 9.1.3 Brazil: Microcatheters Market, by End User, 2018-2027 (USD Million) 9.1.3.1 Argentina: Microcatheters Market- Revenue and Forecasts to 2027 (USD Million) 9.1.3.1.1 Argentina: Microcatheters Market- Revenue and Forecasts to 2027 (USD Million) 9.1.4 Argentina: Microcatheters Market, by Indication, 2018 -2027 (USD Million) 9.1.5 Argentina: Microcatheters Market, by End User, 2018-2027 (USD Million) 10. Impact of COVID-19 Pandemic on South and Central America Microcatheters Market 10.1 South and Central America: Impact Assessment of COVID-19 Pandemic 11. Microcatheters Market – Industry Landscape 11.1 Overview 11.2 Organic Developments 11.2.1 Overview 12. Company Profiles 12.1 Boston Scientific Corporation 12.1.1 Key Facts 12.1.2 Business Description 12.1.3 Products and Services 12.1.4 Financial Overview 12.1.5 SWOT Analysis 12.1.6 Key Developments 12.2 Medtronic 12.2.1 Key Facts 12.2.2 Business Description 12.2.3 Products and Services 12.2.4 Financial Overview 12.2.5 SWOT Analysis 12.2.6 Key Developments 12.3 Terumo Corporation 12.3.1 Key Facts 12.3.2 Business Description 12.3.3 Products and Services 12.3.4 Financial Overview 12.3.5 SWOT Analysis 12.3.6 Key Developments 12.4 Penumbra, Inc. 12.4.1 Key Facts 12.4.2 Business Description 12.4.3 Products and Services 12.4.4 Financial Overview 12.4.5 SWOT Analysis 12.4.6 Key Developments 12.5 Stryker Corporation 12.5.1 Key Facts 12.5.2 Business Description 12.5.3 Products and Services 12.5.4 Financial Overview 12.5.5 SWOT Analysis 12.5.6 Key Developments 12.6 Teleflex Incorporated 12.6.1 Key Facts 12.6.2 Business Description 12.6.3 Products and Services 12.6.4 Financial Overview 12.6.5 SWOT Analysis 12.6.6 Key Developments 13. Appendix 13.1 About the Insight Partners 13.2 Glossary of Terms
Table 1. Brazil Microcatheters Market, by Indication– Revenue and Forecast To 2027 (USD Million) Table 2. Brazil Microcatheters Market, by End User – Revenue and Forecast to 2027(USD Million) Table 3. Argentina Microcatheters Market, by Indication– Revenue and Forecast To 2027 (USD Million) Table 4. Argentina Microcatheters Market, by End User – Revenue and Forecast to 2027(USD Million) Table 5. Organic Developments Done by Companies Table 6. Glossary of Terms, Microcatheters Market
Figure 1. Microcatheters Market Segmentation Figure 2. Microcatheters Market, By Country Figure 3. South and Central America Microcatheters Market Overview Figure 4. The Coronary Segment Is Expected to Grow Faster by Indication Segment in Microcatheters Market Figure 5. The Hospitals Segment is Expected to Grow Faster by End User Segment in Microcatheters Market Figure 6. South and Central America Microcatheters Market- Leading Country Markets (USD Million) Figure 7. South and Central America PEST Analysis Figure 8. Microcatheter Market Impact Analysis of Driver and restraint Figure 9. South and Central America Microcatheters Market – Revenue Forecast and Analysis – 2020- 2027 Figure 10. Microcatheters Market Revenue Share, by Indication (2019 and 2027) Figure 11. Coronary: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) Figure 12. Neurovascular: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) Figure 13. General Peripheral Vascular: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) Figure 14. Microcatheters Market Share, by End User, 2019 and 2027 (%) Figure 15. Hospitals Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) Figure 16. Specialty Clinics: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) Figure 17. Ambulatory Surgical Centers: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) Figure 18. South and Central America: Microcatheters Market, By Key Country – Revenue (2019) (USD Million) Figure 19. South and Central America: Microcatheters Market Share by Country – 2019 & 2027, (%) Figure 20. Brazil: Microcatheters Market- Revenue and Forecasts To 2027 (USD Million) Figure 21. Argentina: Microcatheters Market- Revenue and Forecasts To 2027 (USD Million) Figure 22. Impact of COVID-19 Pandemic on Microcatheters Market in South and Central America
The South and Central America microcatheters market is expected to reach US$ 37.03 million by 2027 from US$ 20.86 million in 2019; it is estimated to grow at a CAGR of 7.5% from 2020 to 2027. The market growth is attributed to significantly increasing prevalence of chronic disorders, such as cardiovascular and neurovascular diseases, and rising elderly population across South and Central America. However, product recall and stringent regulatory requirement, and lack of expert professionals hinder the market growth.
Micro-catheters are delivery devices used in minimally invasive applications. These small catheters are ideal for navigating the vast network of tiny veins found within the body. According to the World Health Organization (WHO), cardiovascular diseases (CVDs) are the most prominent cause of morbidity and mortality across the world. The CVDs include cerebrovascular disease, coronary heart disease, rheumatic heart disease, and so on. As per the WHO data published in 2017, ~17.9 million people died from CVDs in 2016, which was 31.0% of all the global deaths in that year. Therefore, the significantly rising incidence of CVDs across Latin America is likely to propel the demand for devices, such as microcatheters, that are required to treat these diseases. In addition, in the recent years, the prevalence of neurological disorders such as cerebral aneurysm has increased significantly across South and Central America, which fuelled the demand for microcatheters used in their treatment procedures. Also, the rising geriatric population leads to rise in cardiovascular disease and neurological disease, which is contributing to the growth of the South and Central America microcatheters market.
Countries in South and Central America are facing economic and humanitarian challenges due to the increasing incidence of COVID-19. They have responded to the outbreak by closing borders, ordering quarantines, avoiding alternative surgery procedures, and imposing a host of restrictions to keep people confined at home. Preventive measures such as social distancing and lockdown are significantly reducing the visits of people to the healthcare facilities, which, in turn, is hampering the growth of the microcatheters market in South and Central America.
TABLE OF CONTENTS 1. Introduction 1.1 Scope of the Study 1.2 The Insight Partners Research Report Guidance 1.3 Market Segmentation 1.3.1 South and Central America Microcatheters Market – By Indication 1.3.2 South and Central America Microcatheters Market – By End User 1.3.3 South and Central America Microcatheters Market – By Country 2. Microcatheters Market – Key Takeaways 3. Research Methodology 3.1 Coverage 3.2 Secondary Research 3.3 Primary Research 4. South and Central America Microcatheters Market– Market Landscape 4.1 Overview 4.2 PEST Analysis 4.2.1 South and Central America – PEST Analysis 4.3 Expert Opinions 5. South and Central America Microcatheter Market – Key Industry Dynamics 5.1 Key Market Drivers 5.1.1 Escalating Prevalence of Cardiovascular Diseases 5.1.2 Increasing Incidence of Neurovascular Diseases 5.1.3 Surge in Elderly Population 5.2 Key Market Restraints 5.2.1 Product Recall and Stringent Regulatory Requirements 5.2.2 Lack of Expert Professionals 5.3 Key Market Opportunities 5.3.1 Growth Avenues in Developing Nations 5.4 Future Trends 5.4.1 Rising Demand for Minimally Invasive Procedures 6. Microcatheters Market – South and Central America Analysis 6.1 South and Central America Microcatheters Market Revenue Forecast and Analysis 7. Microcatheters Market Analysis – By Indication 7.1 Overview 7.2 Microcatheters Market Revenue Share, by Indication (2019 and 2027) 7.3 Coronary 7.3.1 Overview 7.3.2 Coronary: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) 7.4 Neurovascular 7.4.1 Overview 7.4.2 Neurovascular: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) 7.5 General Peripheral Vascular 7.5.1 Overview 7.5.2 General Peripheral Vascular: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) 8. Microcatheters Market Analysis – By End User 8.1 Overview 8.2 Microcatheters Market Share, by End User, 2019 and 2027, (%) 8.3 Hospitals 8.3.1 Overview 8.3.2 Hospitals: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) 8.4 Specialty Clinics 8.4.1 Overview 8.4.2 Specialty Clinics: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) 8.5 Ambulatory Surgical Centres 8.5.1 Overview 8.5.2 Ambulatory Surgical Centers: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) 9. Microcatheters Market – South and Central America Analysis 9.1 South and Central America: Microcatheters Market 9.1.1 South and Central America: Microcatheters Market Share by Country – 2019 & 2027, (%) 9.1.1.1 Brazil: Microcatheters Market- Revenue and Forecasts to 2027 (USD Million) 9.1.1.1.1 Brazil: Microcatheters Market- Revenue and Forecasts to 2027 (USD Million) 9.1.2 Brazil: Microcatheters Market, by Indication, 2018 -2027 (USD Million) 9.1.3 Brazil: Microcatheters Market, by End User, 2018-2027 (USD Million) 9.1.3.1 Argentina: Microcatheters Market- Revenue and Forecasts to 2027 (USD Million) 9.1.3.1.1 Argentina: Microcatheters Market- Revenue and Forecasts to 2027 (USD Million) 9.1.4 Argentina: Microcatheters Market, by Indication, 2018 -2027 (USD Million) 9.1.5 Argentina: Microcatheters Market, by End User, 2018-2027 (USD Million) 10. Impact of COVID-19 Pandemic on South and Central America Microcatheters Market 10.1 South and Central America: Impact Assessment of COVID-19 Pandemic 11. Microcatheters Market – Industry Landscape 11.1 Overview 11.2 Organic Developments 11.2.1 Overview 12. Company Profiles 12.1 Boston Scientific Corporation 12.1.1 Key Facts 12.1.2 Business Description 12.1.3 Products and Services 12.1.4 Financial Overview 12.1.5 SWOT Analysis 12.1.6 Key Developments 12.2 Medtronic 12.2.1 Key Facts 12.2.2 Business Description 12.2.3 Products and Services 12.2.4 Financial Overview 12.2.5 SWOT Analysis 12.2.6 Key Developments 12.3 Terumo Corporation 12.3.1 Key Facts 12.3.2 Business Description 12.3.3 Products and Services 12.3.4 Financial Overview 12.3.5 SWOT Analysis 12.3.6 Key Developments 12.4 Penumbra, Inc. 12.4.1 Key Facts 12.4.2 Business Description 12.4.3 Products and Services 12.4.4 Financial Overview 12.4.5 SWOT Analysis 12.4.6 Key Developments 12.5 Stryker Corporation 12.5.1 Key Facts 12.5.2 Business Description 12.5.3 Products and Services 12.5.4 Financial Overview 12.5.5 SWOT Analysis 12.5.6 Key Developments 12.6 Teleflex Incorporated 12.6.1 Key Facts 12.6.2 Business Description 12.6.3 Products and Services 12.6.4 Financial Overview 12.6.5 SWOT Analysis 12.6.6 Key Developments 13. Appendix 13.1 About the Insight Partners 13.2 Glossary of Terms
Table 1. Brazil Microcatheters Market, by Indication– Revenue and Forecast To 2027 (USD Million) Table 2. Brazil Microcatheters Market, by End User – Revenue and Forecast to 2027(USD Million) Table 3. Argentina Microcatheters Market, by Indication– Revenue and Forecast To 2027 (USD Million) Table 4. Argentina Microcatheters Market, by End User – Revenue and Forecast to 2027(USD Million) Table 5. Organic Developments Done by Companies Table 6. Glossary of Terms, Microcatheters Market
Figure 1. Microcatheters Market Segmentation Figure 2. Microcatheters Market, By Country Figure 3. South and Central America Microcatheters Market Overview Figure 4. The Coronary Segment Is Expected to Grow Faster by Indication Segment in Microcatheters Market Figure 5. The Hospitals Segment is Expected to Grow Faster by End User Segment in Microcatheters Market Figure 6. South and Central America Microcatheters Market- Leading Country Markets (USD Million) Figure 7. South and Central America PEST Analysis Figure 8. Microcatheter Market Impact Analysis of Driver and restraint Figure 9. South and Central America Microcatheters Market – Revenue Forecast and Analysis – 2020- 2027 Figure 10. Microcatheters Market Revenue Share, by Indication (2019 and 2027) Figure 11. Coronary: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) Figure 12. Neurovascular: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) Figure 13. General Peripheral Vascular: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) Figure 14. Microcatheters Market Share, by End User, 2019 and 2027 (%) Figure 15. Hospitals Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) Figure 16. Specialty Clinics: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) Figure 17. Ambulatory Surgical Centers: Microcatheters Market – Revenue and Forecast to 2027 (US$ Million) Figure 18. South and Central America: Microcatheters Market, By Key Country – Revenue (2019) (USD Million) Figure 19. South and Central America: Microcatheters Market Share by Country – 2019 & 2027, (%) Figure 20. Brazil: Microcatheters Market- Revenue and Forecasts To 2027 (USD Million) Figure 21. Argentina: Microcatheters Market- Revenue and Forecasts To 2027 (USD Million) Figure 22. Impact of COVID-19 Pandemic on Microcatheters Market in South and Central America