PUBLISHER: Allied Market Research | PRODUCT CODE: 1193103
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193103
The global vascular embolization market was valued at $3,682.73 million in 2021, and is projected to reach $7,780.98 million by 2031, registering a CAGR of 7.7% from 2022 to 2031.
A minimally invasive process called embolization inhibits blood flow in certain places. The procedure is carried out while preserving regular blood flow in the surrounding areas to protect tissues while managing problematic bleeding. When a blood vessel becomes blocked, it is called an embolism, and when a blood vessel is purposefully blocked for medical reasons, it is called an embolization operation. A catheter-based technique called coil embolization enables exact blockage of aberrant blood flow in a blood artery. An artery, typically in the groin, is entered using a catheter with a metallic occluding coil (the femoral artery).
The aberrant blood vessel is then reached by the advancement. By moving forward with blood flow and penetrating deeper into the vascular bed to locations where a catheter or coil may not reach, liquid embolic agents have the capacity to fill the target vessel and cause vascular blockage. Detachable balloons have an advantage over other embolization techniques such as embolization through detachable balloons is reversible until the balloon is removed. Large arteries and fistulae can be instantly and precisely occluded .The growth of global vascular embolization market is majorly driven by an alarming increase in prevalence of vascular diseases. Increase in improvements in vascular disease treatment by embolization techniques and products also accelerates the growth of the vascular embolization market.
Moreover, increased success rate of embolization plugs in non-invasive procedures for vascular occlusion, its availability as a viable alternative to conventional procedure and other technological advancement in this is anticipated to drive the market even more. To site an example, the Amplatzer Plug 4 by St. Jude Medical, Inc. is easily available in the market. However, high cost of vascular embolization, complications associated with it, hinders the growth of the market. In addition, therapies like chemotherapy, and radiation therapy are preferred options in the treatment of cancer because people are generally aware of traditional cancer treatments, advanced treatment options are not widely used and oncologists are reluctant to switch from traditional treatment options. In addition, risk of lodging an embolic agent in the wrong place can deprive normal tissues of oxygen. These are the factors which will negatively impact the growth of the market.
The global vascular embolization market is segmented into product, application, and end user. By product, the market is categorized into embolic agents and embolization devices. Embolic agents and Embolic Devices are further sub categorized into liquid embolic agents and microspheres. And embolization devices are classified into coils, detachable balloons, embolic plugs, and support devices.
On the basis of application, the market is segregated into oncology, peripheral vascular diseases, urology and nephrology, neurology and others. On the basis of end user, the market is segmented into hospitals & clinics, ambulatory surgical centers and others. By region market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).Major key players that operate in the global vascular embolization market are Abbott Laboratories., Balt Group, Boston Scientific Corporation, Cook Medical, Johnson and Johnson, Kaneka Corporation, Medtronic Plc, Merit Medical, Stryker Corporation, and Terumo Medical Corporation.
Key Benefits For Stakeholders
By Product
By Application
By End User
By Region