South and Central America Micro Catheters and Micro Guidewires Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type, Indication, and End User

South and Central America Micro Catheters and Micro Guidewires Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type, Indication, and End User

  • July 2021 •
  • 102 pages •
  • Report ID: 6134452 •
  • Format: PDF
The micro catheters and micro guidewires market in SCAM is expected to grow from US$ 67.80 million in 2021 to US$ 93.64 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.

Significantly increasing prevalence of cardiovascular diseases is also bolstering the growth of the industry.Cardiovascular diseases (CVDs) are likely to remain the major cause of morbidity and mortality across the world.

Heart failure, stroke, rheumatic heart disease, aortic aneurysm, and peripheral artery disease are among the most common CVDs.A few factors such as unhealthy diet adoption, tobacco consumption, sedentary lifestyle, and alcoholism are prominently contributing to the growing incidence of CVDs.

The high prevalence of CVDs across the world prominently boosts the number of heart procedures.

SCAM is hit by the COVID-19 pandemic and thus has profound humanitarian, economic, and political consequences.South and Central America are among the regions with rising number of reported cases of COVID-19.

South and Central America have been witnessing a growing number of COVID-19 cases since its outbreak. For instance, according to Worldometer, the number of cases has reached around 28.8 million with 0.7 million deaths reported in South America as of June 2021. The cases are increasing in Brazil, Argentina, Colombia. The COVID-19 is expected to result in the region’s worst recession, causing a 9.1% contraction in regional GDP in 2020. This is expected to increase the number of poor up by 45 million and the extremely poor number by 28 million. They have responded to the situation by closing borders, ordering quarantines, avoiding alternative surgery procedures, and imposing a host of restrictions to keep people confined at home. Such preventive measures have significantly reduced the visits to healthcare facilities for people in order to follow social distancing and lockdown rule, in turn, hampering the growth of the microcatheters and micro guidewires market.

The hospital segment led the micro catheters and micro guidewires market based on end-user type in 2020.The hospital is a complex organization and an institute that provides health to people through complicated but specialized scientific equipment and team of trained staff educated in the problems of modern medical science.

They are all coordinated together for the common goal of restoring and maintain good health.Hospitals serves a significant role by providing extensive range of medical services to the patient population suffering from wide variety of diseases.

The growth of segment is majorly attributed to the increasing number of hospitals with advanced facilities, rising focus on offering superior patient experience, and preference of patients to opt for hospitals in order to get treatment for neurological conditions. Increase in number of hospitals, improvements in reimbursement policies, and increase in incidences of cardiovascular diseases are expected to drive the market, which is ultimately drives the micro catheters and micro guidewires market.

The overall SCAM micro catheters and micro guidewires market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the SCAM micro catheters and micro guidewires market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the SCAM micro catheters and micro guidewires market. B. Braun Melsungen AG; BD; Boston Scientific Corporation; Cardinal Health Inc; Medtronic; Stryker Corporation; Teleflex Incorporated; and Terumo Corporation are among a few players operating in the SCAM micro catheters and micro guidewires market
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