Vascular Embolization Devices Market by Product and Geography - Forecast and Analysis 2022-2026
- Published: Jun 2022
- Pages: 138
- SKU: IRTNTR40148
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The vascular embolization devices market share is expected to increase by USD 569.63 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.83%.
This market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (coiling devices and non-coiling devices) and geography (North America, Europe, Asia, and Rest of World (ROW)). The market report also offers information on several market vendors, including Abbott Laboratories, Acandis GmbH, B. Braun SE, BALT Group, Boston Scientific Corp., Braile Biomedica, Cook Group Inc., Eisai Co. Ltd., Embolx Inc., Guerbet, Johnson and Johnson, Kaneka Medix Corp., Medtronic Plc, Merit Medical Systems Inc., Penumbra Inc., phenox GmbH, Shape Memory Medical Inc., Spartan Micro Inc., Stryker Corp., and Terumo Corp. among others.
What will the Vascular Embolization Devices Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Market Size for the Forecast Period and Other Important Statistics
Vascular Embolization Devices Market: Key Drivers, Trends, and Challenges
The increasing prevalence of vascular diseases is notably driving the market growth, although factors such as the high costs associated with embolization procedures may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Market Driver
- One of the key factors driving growth in the market is the increasing prevalence of vascular diseases.
- The increasing prevalence of vascular diseases such as cerebral aneurysms, cerebral arteriovenous malformations, peripheral vascular diseases, and arteriovenous malformations, is expected to drive the growth of the global market during the forecast period.
- Peripheral vascular embolization devices are used to control haemorrhaging due to aneurysms, certain types of tumours, and arteriovenous malformations.
- Coil embolization is a less invasive procedure that is used to reduce the blood flow in aneurysms. The procedure might need to be performed more than once during the person's lifetime because aneurysms treated with coiling may recur.
- The devices are used to treat neurovascular diseases as well as peripheral disorders. Thus, the growing prevalence of cerebral aneurysms and peripheral vascular diseases will augment the demand for the devices.
Key Market Trend
- The growing number of strategic alliances is a market trend that is expected to have a positive impact in the coming years.
- Strategic alliances can help medical equipment vendors explore additional opportunities without incurring a considerable financial burden. Such alliances for product development and product commercialization provide vendors with multiple benefits such as cost containment, extended product line, and increased geographical reach. All these factors accelerate the growth of the healthcare equipment market, including the global market.
- The increasing number of partnerships and collaborations is likely to drive the growth of the global market during the forecast period.
- The rising need for advanced devices is encouraging leading vendors to expand their geographic reach, which can drive the growth of the market.
Key Market Challenge
- The high costs associated with embolization procedures will be a major challenge for the market during the forecast period.
- Healthcare is a cost-intensive industry with a huge capital allocation in manufacturing.
- Fixed costs in terms of plant, machinery, and associated variable costs for raw materials and labour account for a major part of the expenditure on manufacturing medical equipment. All these factors have the potential to impede the growth of the healthcare equipment market, including the global market.
- The high costs associated with vascular embolization devices such as detachable coils, liquid embolic, plugs and related procedures are a major factor hindering the growth of the market.
- The high cost of the devices and procedures can increase the cost burden on end-users and patients.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
Who are the Major Vascular Embolization Devices Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Abbott Laboratories
- Acandis GmbH
- B. Braun SE
- BALT Group
- Boston Scientific Corp.
- Braile Biomedica
- Cook Group Inc.
- Eisai Co. Ltd.
- Embolx Inc.
- Guerbet
- Johnson and Johnson
- Kaneka Medix Corp.
- Medtronic Plc
- Merit Medical Systems Inc.
- Penumbra Inc.
- phenox GmbH
- Shape Memory Medical Inc.
- Spartan Micro Inc.
- Stryker Corp.
- Terumo Corp.
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as focusing on expanding their product portfolios by developing advanced technologies and gaining regulatory approvals for new products to compete in the market.
Product Insights and News
-
abbott.com - The company offers vascular embolization devices such as Amplatzer Vascular Plug, Plug 4 and Vascular Plug II.
-
abbott.com - Under the established pharmaceuticals products segment, the company manufactures branded generic pharmaceuticals for established and emerging markets.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Vascular Embolization Devices Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for the Market?
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40% of the market's growth will originate from North America during the forecast period. The US is the key market for vascular embolization devices in North America. Market growth in this region will be slower than the growth of the market in other regions.
The increasing technological advancements and product launches and the growing funding for start-up companies for the development of innovative advanced medical devices will facilitate market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In early 2020, the outbreak of COVID-19 in the region brought operations in manufacturing facilities, regulatory approvals, and vascular treatments to a halt, which restricted the production and use of devices and negatively impacted the growth of the market in the region. Restrictions on medical tourism also had a negative impact on the regional market; however, in 2021, following the initiation of mass COVID-19 vaccination drives, the market was expected to grow.
What are the Revenue-generating Product Segments in the Vascular Embolization Devices Market?
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The market share growth by the coiling devices segment will be significant during the forecast period. The coiling devices segment accounts for the largest share of the global market. Factors such as the increasing prevalence of cancer and vascular diseases, new product launches, and the growing investments by market players in developing new coiling devices will boost the growth of this segment during the forecast period. The presence of established players selling their own coiling products and the increasing number of innovations in coiling devices through investments in R and D by key vendors are likely to drive the growth of the coiling devices segment. Such technological innovations will boost the growth of the coiling devices segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.
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Vascular Embolization Devices Market Scope |
|
|
Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.83% |
|
Market growth 2022-2026 |
$ 569.63 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.28 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 40% |
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Key consumer countries |
US, Germany, France, UK, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Abbott Laboratories, Acandis GmbH, B. Braun SE, BALT Group, Boston Scientific Corp., Braile Biomedica, Cook Group Inc., Eisai Co. Ltd., Embolx Inc., Guerbet, Johnson and Johnson, Kaneka Medix Corp., Medtronic Plc, Merit Medical Systems Inc., Penumbra Inc., phenox GmbH, Shape Memory Medical Inc., Spartan Micro Inc., Stryker Corp., and Terumo Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Vascular Embolization Devices Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the vascular embolization devices industry across North America, Europe, Asia, and Rest of World (ROW)
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of market vendors
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Coiling devices - Market size and forecast 2021-2026
- Exhibit 28: Chart on Coiling devices - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Coiling devices - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Coiling devices - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Coiling devices - Year-over-year growth 2021-2026 (%)
- 5.4 Non-coiling devices - Market size and forecast 2021-2026
- Exhibit 32: Chart on Non-coiling devices - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Non-coiling devices - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Non-coiling devices - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Non-coiling devices - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Product
- Exhibit 36: Market opportunity by Product ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 Asia - Market size and forecast 2021-2026
- Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%)
- 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
- Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
- 7.7 US - Market size and forecast 2021-2026
- Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.8 Germany - Market size and forecast 2021-2026
- Exhibit 62: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.9 France - Market size and forecast 2021-2026
- Exhibit 66: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on France - Year-over-year growth 2021-2026 (%)
- 7.10 UK - Market size and forecast 2021-2026
- Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.11 Japan - Market size and forecast 2021-2026
- Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.12 Market opportunity by geography
- Exhibit 78: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 79: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 80: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 81: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 82: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 83: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 84: Matrix on vendor position and classification
- 10.3 Abbott Laboratories
- Exhibit 85: Abbott Laboratories - Overview
- Exhibit 86: Abbott Laboratories - Business segments
- Exhibit 87: Abbott Laboratories - Key news
- Exhibit 88: Abbott Laboratories - Key offerings
- Exhibit 89: Abbott Laboratories - Segment focus
- 10.4 Boston Scientific Corp.
- Exhibit 90: Boston Scientific Corp. - Overview
- Exhibit 91: Boston Scientific Corp. - Business segments
- Exhibit 92: Boston Scientific Corp. - Key news
- Exhibit 93: Boston Scientific Corp. - Key offerings
- Exhibit 94: Boston Scientific Corp. - Segment focus
- 10.5 Cook Group Inc.
- Exhibit 95: Cook Group Inc. - Overview
- Exhibit 96: Cook Group Inc. - Product / Service
- Exhibit 97: Cook Group Inc. - Key offerings
- 10.6 Johnson and Johnson
- Exhibit 98: Johnson and Johnson - Overview
- Exhibit 99: Johnson and Johnson - Business segments
- Exhibit 100: Johnson and Johnson - Key news
- Exhibit 101: Johnson and Johnson - Key offerings
- Exhibit 102: Johnson and Johnson - Segment focus
- 10.7 Medtronic Plc
- Exhibit 103: Medtronic Plc - Overview
- Exhibit 104: Medtronic Plc - Business segments
- Exhibit 105: Medtronic Plc - Key news
- Exhibit 106: Medtronic Plc - Key offerings
- Exhibit 107: Medtronic Plc - Segment focus
- 10.8 Merit Medical Systems Inc.
- Exhibit 108: Merit Medical Systems Inc. - Overview
- Exhibit 109: Merit Medical Systems Inc. - Business segments
- Exhibit 110: Merit Medical Systems Inc. - Key offerings
- Exhibit 111: Merit Medical Systems Inc. - Segment focus
- 10.9 Penumbra Inc.
- Exhibit 112: Penumbra Inc. - Overview
- Exhibit 113: Penumbra Inc. - Product / Service
- Exhibit 114: Penumbra Inc. - Key news
- Exhibit 115: Penumbra Inc. - Key offerings
- 10.10 Shape Memory Medical Inc.
- Exhibit 116: Shape Memory Medical Inc. - Overview
- Exhibit 117: Shape Memory Medical Inc. - Product / Service
- Exhibit 118: Shape Memory Medical Inc. - Key offerings
- 10.11 Stryker Corp.
- Exhibit 119: Stryker Corp. - Overview
- Exhibit 120: Stryker Corp. - Business segments
- Exhibit 121: Stryker Corp. - Key news
- Exhibit 122: Stryker Corp. - Key offerings
- Exhibit 123: Stryker Corp. - Segment focus
- 10.12 Terumo Corp.
- Exhibit 124: Terumo Corp. - Overview
- Exhibit 125: Terumo Corp. - Business segments
- Exhibit 126: Terumo Corp. - Key news
- Exhibit 127: Terumo Corp. - Key offerings
- Exhibit 128: Terumo Corp. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 129: Inclusions checklist
- Exhibit 130: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 131: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 132: Research methodology
- Exhibit 133: Validation techniques employed for market sizing
- Exhibit 134: Information sources
- 11.5 List of abbreviations
- Exhibit 135: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- US
- Germany
- France
- UK
- Japan
- Increasing prevalence of vascular diseases
- Growing number of strategic alliances
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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