According to the new market research report “ Embolotherapy Market by Product (Embolic Agents (Microspheres, Detachable Coils, Pushable Coils), Guidewires), Disease (Oncology, Aneurysm, Peripheral Vascular), Procedure, End User (Hospitals, Clinics, ASC, Academia ) – Global Forecast to 2024 “, published by MarketsandMarkets ™, the Embolotherapy Market is projected to reach USD 4.9 billion by 2024 from USD 3.3 billion in 2019, at a CAGR of 8.1% from 2019 to 2024.
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The growth of the Embolotherapy Market is mainly attributed to factors such as the growth in the target patient population, rising preference for minimally invasive procedures, technological advancements in embolotherapy devices, and favorable reimbursement scenario.
The embolic agents segment accounted for the largest share of the Embolotherapy Market, by product, in 2019
Based on product, the Embolotherapy Market is segmented into embolic agents (embolic coils, embolic plug systems, liquid embolic agents, microspheres, and detachable balloons) and support devices (microcatheters and guidewires). Microspheres accounted for the largest share of the Embolotherapy Market in 2018. Market growth in this segment is attributed to the surge in the prevalence of hepatocellular carcinoma (microspheres are widely used to treat this disease), coupled with favorable reimbursement criteria in developed economies.
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The cancer segment is projected to hold the largest share of the market by disease indication during the forecast period of 2019 to 2024
By disease indication, the Embolotherapy Market is classified into cancer, peripheral vascular diseases, neurological diseases, urological & nephrological disorders, and gastroin testinal disorders. The cancer segment held the largest share of the Embolotherapy Market in 2019.The rising preference for minimally invasive procedures, expansion of the target patient population, growing public-private funding & government support for cancer research, and technological advancements in the field of microspheres are driving the growth of this segment.
Hospitals and clinics were the key end users in the Embolotherapy Market
On the basis of end users, the Embolotherapy Market is segmented into hospitals and clinics, ambulatory surgery centers (ASCs), and other end users. In 2018, the hospital and clinics segment held the largest share of the Embolotherapy Market. The growing adoption of minimally invasive surgical procedures (including vascular, urological, and neurological procedures), increasing purchasing power of major healthcare providers across developed countries (owing to the consolidation of healthcare providers), and the greater availability of reimbursements for target procedures in the US and major European countries are the major factors that are expected to drive the demand for embolization devices in hospitals and clinics.
North America is expected to accounted for the largest share of the Embolotherapy Market in 2019
The Embolotherapy Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is projected to hold the largest share of the regional market for embolotherapy products in 2019.The growing geriatric population, the increasing number of ASCs, and a growing preference for minimally invasive surgeries have resulted in the increasing adoption of embolotherapy procedures in the country .
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Increasing incidences of peripheral vascular diseases, liver cancer, strokes, and uterine fibroids coupled with rising preference for minimally invasive procedures; increasing investments, funds, and grants by public-private organizations for research; and technological advancements in the market will fuel the market growth over the forecast period.The embolotherapy devices market is projected to reach USD 4.9 billion by 2024 from USD 3.3 billion in 2019, at a CAGR of 8.1% from 2019 to 2024.The growth of the embolotherapy market is mainly attributed to factors such as the growth in the target patient population, rising preference for minimally invasive procedures, technological advancements in embolotherapy devices, and favorable reimbursement scenario.The embolic agents segment accounted for the largest share of the embolotherapy devices market, by product, in 2019Based on product, the embolotherapy market is segmented into embolic agents (embolic coils, embolic plug systems, liquid embolic agents, microspheres, and detachable balloons) and support devices (microcatheters and guidewires).
Microspheres accounted for the largest share of the embolotherapy market in 2018.
Market growth in this segment is attributed to the surge in the prevalence of hepatocellular carcinoma (microspheres are widely used to treat this disease), coupled with favorable reimbursement criteria in developed economies.Download PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=185897830The cancer segment is projected to hold the largest share of the market by disease indication during the forecast period of 2019 to 2024By disease indication, the embolotherapy market is classified into cancer, peripheral vascular diseases, neurological diseases, urological & nephrological disorders, and gastrointestinal disorders.
The cancer segment held the largest share of the embolotherapy market in 2019.
The rising preference for minimally invasive procedures, expansion of the target patient population, growing public-private funding & government support for cancer research, and technological advancements in the field of microspheres are driving the growth of this segment.Hospitals and clinics were the key end users in the embolotherapy devices marketOn the basis of end users, the embolotherapy market is segmented into hospitals and clinics, ambulatory surgery centers (ASCs), and other end users.
In 2018, the hospital and clinics segment held the largest share of the embolotherapy market.
Embolotherapy Market Research report provides a detailed analysis of of main manufactures and geographic regions,global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players.
Embolotherapy Market report includes definitions, classifications, applications, and industry chain structure, development trends, and key regions distributors analysis.The report also provides supply and demand Figures, revenue, revenue and shares.
value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches.Global embolotherapy market is set to witness substantial CAGR of 8.25% in the forecast period of 2019- 2026.
The report contains data of the base year 2018 and historic year 2017.
Increasing application of embolization devices and rising healthcare expenditure are factors for the growth of this market.Due to the pandemic, we have included a special section on the Impact of COVID 19 on the Embolotherapy Market which would mention How the Covid-19 is affecting the Embolotherapy Industry, Market Trends and Potential Opportunities in the COVID-19 Landscape, Covid-19 Impact on Key Regions and Proposal for Corrugated Board Players to Combat Covid-19 Impact.Get Sample PDF of Embolotherapy Market Report (including COVID19 Impact Analysis) @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-embolotherapy-marketMarket Drivers and Restraints:Increasing patient preference for minimally invasive procedures will drive the market growthRising funding by government and private organizations will also accelerate the growth of this marketTechnological advancement and development in embolotherapy devices will also propel the market growthFavorable repayment policies for the minimally invasive surgeries is also contributing as a factor for the market growthIncreasing cases of heptocellular cancer and liver cancer will also accelerate the market growthAvailability of therapies in the market will also restrain the growth of this marketStrict regulations for product commercialization will also hamper the market growth Key Players: Global Embolotherapy MarketTerumo Medical Corporation, Merit Medical Systems, Simbionix USA Corporation, Cook, Boston Scientific Corporation, Penumbra, Inc., Meril Life Sciences Pvt.
Ltd., Medtronic, BTG International Ltd, ABK Biomedical Inc., Abbott., AngioDynamics., IMBIOTECHNOLOGIES LTD., Debakey Medlife Private Limited, Heraeus Holding, Guerbet, and others.MAJOR TOC OF THE REPORTChapter One: Embolotherapy Market OverviewChapter Two: Manufacturers ProfilesChapter Three: Global Embolotherapy Market Competition, by PlayersChapter Four: Global Embolotherapy Market Size by RegionsChapter Five: Global Embolotherapy Market Revenue by CountriesChapter Six: Global Embolotherapy Market Revenue by ProductChapter Seven: Global Embolotherapy Market Revenue by Disease IndicationChapter Eight: Global Embolotherapy Market Revenue by ProcedureChapter Nine: Global Embolotherapy Market Revenue by End- UserChapter Ten: Global Embolotherapy Market Revenue by GeographyGet Detail TOC@ https://www.databridgemarketresearch.com/toc/?dbmr=global-embolotherapy-marketKey Report HighlightsComprehensive pricing analysis based on different product types and regional segmentsMarket size data in terms of revenue and sales volumeDeep insights about regulatory and investment scenarios of the global Embolotherapy MarketAnalysis of market effect factors and their impact on the forecast and outlook of the global Embolotherapy MarketThe detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Embolotherapy MarketA roadmap of growth opportunities available in the Global Embolotherapy Market with the identification of key factorsThe exhaustive analysis of various trends of the Global Embolotherapy Market to help identify market developmentsKey Questions Answered in Report:What is the key to the Embolotherapy Market?What will the Embolotherapy Market Demand and what will be Growth?What are the latest opportunities for Embolotherapy Market in the future?What are the strengths of the key players?Access Full Report @ https://www.databridgemarketresearch.com/reports/global-embolotherapy-marketAbout Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
