Overview and Scope
Embolization coils are small, metallic devices used in a medical procedure called embolization. The primary purpose of embolization coils is to obstruct or reduce blood flow to a particular area of the body. These coils are used to treat conditions such as brain aneurysms, arteriovenous malformations (AVMs), and arteriovenous fistulas by occluding the blood vessels and preventing rupture or bleeding.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The embolization coils market report table of contents includes:
1. Executive Summary
2. Embolization Coils Market Characteristics
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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