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Global Vascular Embolization Market Growth Accelerated by Adoption in Neurointerventional Procedures

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Global Vascular Embolization Market Growth Accelerated by Adoption in Neurointerventional Procedures

Vascular embolization is a minimally invasive procedure used to block blood vessels. Embolization agents including coils, plugs, and liquid agents are used for blocking blood flow in uterine fibroids, brain aneurysms, and solid cancers. The rising prevalence of neurological disorders and cancers is fueling the adoption of embolization procedures. Embolization offers advantages such as minimal blood loss, reduced risk of infection, and shorter hospital stays compared to conventional open surgeries.

The global Vascular Embolization Market is estimated to be valued at US$ 1809.45 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The growing popularity of neurointerventional procedures is a key trend driving the vascular embolization market. According to the Brain Aneurysm Foundation, around 30,000 people in the US suffer from brain aneurysms every year. Embolization procedures are increasingly adopted for treating brain aneurysms and arterial venous malformations as they are less invasive alternatives to neurosurgeries. Technological advancements in embolic agents such as detachable coils and liquid embolic agents have increased the success rates of neurointerventional procedures. This has further boosted the uptake of embolization among neurointerventionalists.

Segment Analysis

The global vascular embolization market is segmented on the basis of product, procedure, application and end-user. Based on product, the market is segmented into embolization coils, liquid embolic agents, embolic plug systems and detachable balloons. Among these, the embolization coils segment holds the largest market share. Embolization coils are the most preferred choice of product for embolization procedures due to their ease of use and effectiveness.

Key Takeaways

The Global Vascular Embolization Market Size is estimated to be valued at US$ 1809.45 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030.

Regional analysis: North America is expected to be the dominant region for the vascular embolization market owing to the increasing prevalence of cardiovascular diseases and the growing geriatric population in this region. Europe is also expected to hold a significant share due to the developed healthcare infrastructure and higher adoption of minimally invasive procedures. Asia Pacific is likely to emerge as the fastest growing market due to growing healthcare expenditures and increasing awareness about such procedures.

Key players: Key players operating in the vascular embolization market are DyCare, Costaisa, Meditouch, Signo Motus srl, MEYTEC GmbH Informationssysteme, and Raccoon Technologies Poland LLC. Among these, DyCare holds a major market share as it offers a wide range of coils and plugs for embolization procedures. Costaisa focuses on providing liquid embolization products and holds significant growth potential.

Explore more information on this topic, Please visit -

https://www.insightprobing.com/vascular-embolization-market-share-and-demand-analysis/

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