03-Sep-2024 | Zion Market Research
The embolotherapy market is expected to surpass USD 7.88 Billion by 2032 from USD 3.97 Billion in 2023 with a CAGR of 7.92%, as per Zion Market Research. Rising funds, investments, and grants by public-private agencies for research; rising occurrences of liver cancer, peripheral vascular diseases, uterine fibroids, and strokes paired with increasing preference for minimally invasive procedures; and technical enhancements in the market will power the growth of the market.
The key players in the global market comprise Merit Medical Systems, Boston Scientific Corporation, Medtronic plc, Meril Life Sciences Pvt. Ltd., Terumo Corporation, Stryker Corporation, Johnson & Johnson, Penumbra, Inc., BTG plc, Abbott Laboratories, Cook Medical, BALT Extrusion, Acandis GmbH, Kaneka Corporation, and Sirtex Medical Limited, amongst others.
Microspheres Segment Added Up For The Biggest Share Of The Global Embolotherapy Market By Product
On the basis of product, the global market is divided broadly into support devices and embolic agents. The embolic agents section is additionally divided into embolic plug systems, embolic coils, microspheres, liquid embolic agents, and detachable balloons. The support devices segment comprises guidewires and microcatheters. The microspheres section below embolic agents held the biggest global market share in 2023. The growth of this section is primarily boosted by the increase in the occurrence of hepatocellular carcinoma paired with complimentary reimbursement criteria in developed nations. In addition to this, new product approvals and launches are further supporting the segment growth.
Hospitals And Clinics End User Segment To Get The Maximum Income In The Embolotherapy Market
On the basis of end user, the global market is divided into ambulatory surgery centers (ASCs), hospitals and clinics, and others. Hospitals and clinics are the major end users of the market. This section includes the embolotherapy devices employed in small clinics, big hospitals, and ICUs. The rising purchasing power of primary healthcare suppliers all over developed nations, increasing acceptance of minimally invasive surgical operations, and the greater accessibility of reimbursements for target processes in major European nations and the US are the primary factors that are projected to boost the requirement for embolization machine in clinics and hospitals.
Asia Pacific Market Projected To Develop At The Maximum CAGR In The Years To Come
The embolotherapy market is divided into 5 main areas such as Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. Enhancing healthcare infrastructure in the area, the huge population of patient for target diseases, and extending existence of major players in the market in the region to grab increasing opportunities provided by these nations are the major factors supporting the growth of the market.
Browse the full “Embolotherapy Market by Disease (Aneurysm, Oncology, Peripheral Vascular), Product (Guidewires, Embolic Agents (Detachable Coils, Microspheres, Pushable Coils)), Procedure, End User (Clinics, Hospitals, Academia, ASC) - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032.” Report at https://www.zionmarketresearch.com/report/embolotherapy-market
The global embolotherapy market is segmented as follows:
By Product
By Disease Indication
By Procedure
By End User
By Region
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