Pune, 05, Dec 2022: According Maximize Market Research, a global medical devices consultancy firm, published the Vascular Embolization Market report and estimated that the Vascular Embolization Market size was valued at USD 4.2 Bn. in 2021 and the total Vascular Embolization revenue is expected to grow by 8 % from 2022 to 2029, reaching nearly USD 7.8 Bn.
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Vascular Embolization Market Scope and Research Methodology
The investigation of various factors affecting the industry, such as government policy, market environment, competitive landscape, historical data, current market trends, technological innovation, upcoming technologies, and the technical progress in related industries, as well as market risks, opportunities, market barriers, and challenges, is core component of the Vascular Embolization Market report.
Vascular Embolization Market Overview
Vascular embolization is a surgical treatment that prevents blood from flowing to a tumor or aberrant region of tissue. Embolization relieves a number of ailments temporarily or permanently by eliminating abnormal blood vessel connections. Closure of blood arteries that nourish tumors and other malignant growths. Stopping or avoiding excessive bleeding An increase in the prevalence of vascular diseases, a growth in the instances of chronic conditions such as vascular diseases, an increase in the use of clot agents, a higher demand for non-coiling devices, and a rise in the cases of automobile accidents globally are the primary factors driving the growth of the vascular embolization market.
Vascular Embolization Market Dynamics
Technological developments in embolization products and methods, a rise in R&D efforts, and an increase in demand for less invasive treatments are the key drivers driving the global vascular embolization market. Patients’ choices for minimally invasive therapies for various ailments have altered in recent years. Because it allows for a speedier recovery, it is safer than standard open operations. Vascular embolization is a minimally invasive technique that is used to cut off the blood supply to an aberrant tissue mass. As a result, market growth is being driven by a shift in patient preference toward less invasive vascular embolization. Additionally, the rising demand for minimally invasive procedures would drive the vascular embolization market during the forecast period.
Vascular plugs have an advantage in peripheral vascularization treatments due to their lower cost as compared to embolic coils. However, one of the barriers to the broad use of these devices, particularly in poor countries, is the cost of the device as well as the accompanying procedural expenditures. Thus, the high cost of vascular embolization treatments, along with a lack of favorable reimbursement regulations in developing countries, is expected to limit the use of these plugs throughout the forecast period.
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Vascular Embolization Market Segmentation
By Embolization Technique
- Non-coiling Devices
- Coiling Devices
- Peripheral Vascular Disease
Vascular Embolization Market Regional Insights
During the forecast period, North America is expected to hold a significant market share in the global vascular embolization market. Because of the rising frequency of cancer and vascular disorders, as well as increased research and development efforts. Embolization is one of the most often utilized cancer therapy techniques in a variety of clinical settings. It is used to induce ischemia inside the tumor, resulting in tumor necrosis. A chemotherapeutic drug added to the embolic substance may boost this impact even further. As a result, the rising cancer rate is driving the growth of embolization treatments in this region. A brain aneurysm is another prominent ailment that has impacted the American people.
Vascular Embolization Market Key Competitors:
- Medtronic PLC
- Cook Medical
- Stryker Corporation
- Boston Scientific Corporation
- Abbott Laboratories
- Johnson and Johnson (CERENOVUS)
- Merit Medical Systems Inc.
- Penumbra Inc
- Terumo Corp
- Shape Memory Medical Inc.
- Braun Melsungen AG
- L. Gore & Associates Inc.
- Microport Scientific Corporation
- Microvention Inc
- Codman Neuro
Key questions answered in the Vascular Embolization Market are:
- What is Vascular Embolization?
- What is the growth rate of the Vascular Embolization Market during the forecast period?
- What is the nature of competition in the Vascular Embolization Market industry in developed economies and developing economies?
- Who are the key players in Vascular Embolization Market?
- Who are the market leaders in the Vascular Embolization Market in Europe?
- Who are the market leaders in the Vascular Embolization Market in USA and Canada?
- Who are the market leaders in the Vascular Embolization Market in India, China, Japan, and South Korea?
- What are the factors affecting growth in Vascular Embolization Market?
- Who held the largest market share in Vascular Embolization Market?
- What are the factors for the growth of the Asia-Pacific region in the Vascular Embolization Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Embolization Technique, Application, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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