Below are some of the key findings from the transcatheter embolization and occlusion devices market analysis report
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Global transcatheter embolization and occlusion devices industry overview
The growing aging population and chronic diseases are one of the critical reasons that will drive the transcatheter embolization and occlusion devices market growth. There is a high demand for medical devices among the aging baby boomer population. Diagnosis at an early stage and regular monitoring of patients help in identifying, treating, controlling, and limiting disease prevalence. Advanced therapeutic equipment like transcatheter embolization and occlusion devices is used to prevent abnormal bleeding as well. The demand for transcatheter embolization market and occlusion devices will increase with the rising incidence of chronic diseases and the need for quality patient care.
The development of biocompatible, biodegradable, drug-eluting microspheres will provide effective embolization. Bioresorbable microspheres block the blood vessels causing tumors without long-term blockage of the healthy tissue blood vessels. There is an increasing focus on the radioembolization or selective internal radiation therapy (SIT) therapy for treating advanced cancer stages. The development of bioresorbable occludes with non-metallic features to treat patients suffering from congenital heart diseases is an emerging trend in the global market. The advances in technology will drive the transcatheter embolization and occlusion devices market to grow at a CAGR of 8% during the forecast period.
Top companies covered in the transcatheter embolization and occlusion devices market research report
The transcatheter embolization and occlusion devices market and occlusion devices market is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, the industry analysis report will allow the clients to identify new growth opportunities and design innovative strategies to improve their share in the market.
The report offers a complete analysis of various companies including:
- Boston Scientific Corporation
- Cook
- Johnson & Johnson Services, Inc.
- Medtronic
- Merit Medical Systems
- TERUMO CORPORATION
Transcatheter embolization and occlusion devices market segmentation based on geographic regions
- Asia
- Europe
- North America
- ROW
North America will hold the highest market share throughout the forecast period. The market is led by the US due to the extensive healthcare insurance coverage, increasing R&D expenditure of vendors, and high adoption of technologically advanced products. These are major reasons for the high growth of the transcatheter embolization and occlusion devices market size in the region.
Transcatheter embolization and occlusion devices market segmentation based on product
- Embolization coils
- Occlusion removal devices
- Non-coils embolization devices
- Accessories
Embolization coils segment will account for the highest transcatheter embolization and occlusion devices market share. The segment will grow in the given market forecast period.
Transcatheter embolization and occlusion devices market segmentation based on end-users
- Hospitals
- ASC
- Others
The hospitals segment will account for the highest share of the transcatheter embolization and occlusion devices market. Hospitals partner with transcatheter embolization and occlusion device manufacturers, to provide improved treatment using advanced solutions and procure products at lower prices with high-profit margins. ASCs, on the other hand, are the fastest-growing healthcare facilities and accounts for high usage of transcatheter embolization and occlusion devices.
Key highlights of the global transcatheter embolization and occlusion devices market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the transcatheter embolization and occlusion devices market during the next five years
- Precise estimation of the global transcatheter embolization and occlusion devices market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industry across various geographies such as Asia, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of the companies
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