The embolization coils global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Embolization Coils Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The embolization coils market size has grown steadily in recent years. It will grow from $1.37 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to the increasing prevalence of neurovascular disorders, rising geriatric population, growing demand for minimally invasive procedures, improved healthcare infrastructure, and increasing healthcare expenditure.
The embolization coils market size is expected to see steady growth in the next few years. It will grow to $1.73 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to expanding applications in emerging markets, development of innovative embolization techniques, rising awareness about neurovascular disorders, increasing prevalence of chronic diseases, and increasing investments in research and development. Major trends in the forecast period include personalized treatment approaches, integration of artificial intelligence in treatment planning, the emergence of next-generation embolic materials, a shift towards outpatient and ambulatory procedures, and an emphasis on patient-centric care.
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Scope Of Embolization Coils Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Embolization Coils Market Overview
Market Drivers –
An increase in the prevalence of chronic illnesses is expected to propel the growth of the embolization coils market going forward. The rise in chronic illnesses is primarily due to aging populations and lifestyle factors such as poor diet, a lack of physical activity, and increased stress. Additionally, improved diagnostics and longer life expectancies contribute to higher reported cases. The embolization coils are used in the treatment of chronic illnesses such as coronary artery aneurysms and fistulas by occluding these abnormal connections and preventing complications like rupture. For instance, in August 2022, according to a report published by the American College of Cardiology, a US-based non-profit medical association, in the United States, it is projected that all four major cardiovascular risk factors will increase from 2025 to 2060. Diabetes is expected to see the largest percentage rise, with a 39.3% increase to 55 million individuals, followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). Therefore, the increase in the prevalence of chronic illnesses is expected to drive the growth of the embolization coils market.
Market Trends –
Major companies operating in the embolization coils market are developing innovative products, such as fibered detachable coils, to better serve customers with advanced features. A fibered detachable coil is a type of embolization coil used in minimally invasive procedures to obstruct or reduce blood flow in blood vessels. For instance, in April 2022, Boston Scientific Corporation, a US-based manufacturer of medical devices, announced the U.S. Food and Drug Administration (FDA) approval for the EMBOLD fibered detachable coil. It is designed to block or decrease blood flow in the peripheral blood vessels. It is designed for use in a variety of embolization procedures, a minimally invasive treatment intended to block one or more blood vessels to obstruct or reduce blood flow. This technique is used to stop hemorrhaging, prevent aneurysm ruptures, reduce the size of certain tumors, and treat a variety of venous abnormalities.
The embolization coils market covered in this report is segmented –
1) By Type: Detachable Coil, Pushable Coil
2) By Material: Platinum, Platinum And Hydrogel, Platinum Tungsten Alloy
3) By Application: Neurology, Urology, Peripheral Vascular Disease, Oncology, Cardiology, Other Applications
4) By End-User: Hospitals, Ambulatory Center, Cardio Center, Other End-Users
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Regional Insights –
North America was the largest region in the embolization coils market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the embolization coils market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the embolization coils market are Johnson & Johnson Services Inc., Abbott Laboratories Inc., Medtronic Plc, Heraeus Holding, Stryker Corporation, Boston Scientific Corporation, Terumo Corporation, Kaneka Corporation, Cook Medical LLC, Integer Holdings Corporation, MicroPort Scientific Corporation, Penumbra Inc., Guerbet LLC, Asahi Intecc Co. Ltd., MicroVention Inc., Balt USA LLC, InNeuroCo Inc., Wallaby Medical Inc., Rapid Medical Ltd., Spartan Micro Inc., QXMedical LLC, EmbolX Inc., Shape Memory Medical Inc., Blockade Medical LLC, Achieva Medical Co.
Table of Contents
1. Executive Summary
2. Embolization Coils Market Report Structure
3. Embolization Coils Market Trends And Strategies
4. Embolization Coils Market – Macro Economic Scenario
5. Global Embolization Coils Market Size and Growth
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32. Global Embolization Coils Market Competitive Benchmarking
33. Global Embolization Coils Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Embolization Coils Market
35. Embolization Coils Market Future Outlook and Potential Analysis
36. Appendix
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