Overview and Scope
Vascular embolization is a minimally invasive procedure that uses different materials, such as coils, particles, or liquid agents, to block or impede blood vessels to halt arterial bleeding. It blocks blood vessels for various purposes, such as treating malignancies, shrinking vascular abnormalities, or re-directing flow.
Sizing and Forecast
The vascular embolization market size has grown strongly in recent years. It will grow from $2.89 billion in 2023 to $3.13 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to rising prevalence of vascular diseases, rise in demand for non-coiling devices, surge in the use of clot agents, increased awareness about advanced treatment options.
The vascular embolization market size is expected to see strong growth in the next few years. It will grow to $4.39 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to growth in the cases of chronic diseases, rising investments in r&d activities, growing preference for minimally invasive procedures, geographic expansion and access to healthcare, rising disposable incomes. Major trends in the forecast period include technological advancements, strategic collaborations, strategic collaborations, development of innovative vascular embolization devices.
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Segmentation & Regional Insights
The vascular embolization market covered in this report is segmented –
1) By Product: Embolic Agents, Embolization Devices
2) By Embolization Technique: Coiling Devices, Non-Coiling Devices
3) By Application: Peripheral Vascular Diseases, Oncology, Urology, Neurology, Other Applications
4) By End Users: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Diagnostic Centers
North America was the largest region in the vascular embolization market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vascular embolization 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
The increasing prevalence of vascular diseases is expected to propel the growth of the vascular embolization market going forward. Vascular disease refers to a group of disorders that affect the blood vessels, including the arteries and veins, decrease blood flow, and lead to a variety of conditions such as peripheral vascular disease, abdominal aortic aneurysm, deep vein thrombosis, atherosclerosis, chronic venous insufficiency, peripheral artery diseases, and others. Vascular embolization is used for treating vascular disorders that involve occluding or obstructing blood vessels to stop bleeding, repair aneurysms, and improve blood supply in veins. For instance, in April 2023, according to HMP Communications LLC, a US-based patient-centered education resource, the global prevalence of peripheral artery diseases (PAD) reached 21 million in 2020, estimated to reach 23.8 million by 2030. Therefore, the increasing prevalence of vascular diseases is driving the growth of the vascular embolization market.
Key Industry Players
Major companies operating in the vascular embolization market report are Johnson and Johnson Co, Abbott Laboratories, Medtronic Plc., Merck Group, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Kaneka Corporation, Terumo Corporation, W. L. Gore & Associates Inc., Teleflex Inc., Cook Group Incorporated, Merit Medical Systems Inc., Penumbra Inc., MicroPort Scientific Corporation, MicroVention Inc., Medikit Co Ltd., Silk Road Medical Inc., Galt Medical Corporation, Neuravi Ltd., Phenox GmbH, Spartan Micro Inc., EndoShape Inc., Shape Memory Medical Inc., Balt Group, Vascular Solutions Inc.
The vascular embolization market report table of contents includes:
1. Executive Summary
2. Vascular Embolization Market Characteristics
3. Vascular Embolization Market Trends And Strategies
4. Vascular Embolization Market – Macro Economic Scenario
5. Global Vascular Embolization Market Size and Growth
…
32. Global Vascular Embolization Market Competitive Benchmarking
33. Global Vascular Embolization Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Vascular Embolization Market
35. Vascular Embolization Market Future Outlook and Potential Analysis
36. Appendix
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