Embolotherapy Market Report 2028 on Outlook, Current Trends
The global embolotherapy market size reached USD 3.50 Billion in 2020 and is expected to register a revenue CAGR of 9.3%, during the forecast period, according to latest analysis by Emergen Research. Increasing prevalence of chronic diseases such as cancer, peripheral artery disease, and neurological disorders among others is a key factor driving global embolotherapy market revenue growth. Steady transition towards minimally invasive procedures from invasive open surgical procedures is expected to continue to drive revenue growth of the global embolotherapy market. Increasing demand for image-guided minimally invasive interventions have not only broadened the scope of vascular pathologies that can be treated, but has also resulted in reduction of post-operative morbidity compared to open surgical techniques. Embolization is an advanced form of treatment option whereby tiny equipment is used to navigate the body’s vasculature without the need for using wound incision or open surgery. This enables reduced complication rates, increases success rate, and improves quality of life of patients.
In-depth primary and secondary research, as well as qualitative and quantitative analysis of significant market segments, were used to produce this report on the global market for Embolotherapy. The ingenious knowledge is also supported and verified by experts in the field. The study aims to provide more details on the market environment as a whole for the industry of Embolotherapy.
Radiologists may now control drug release to tumours with less systemic drug exposure thanks to the quick development of more sophisticated drug delivery technologies, like drug-eluting beads. New endovascular therapeutic techniques, such the Drug-Elating Bead Transarterial Chemoembolization (DEB-TACE) procedure, have also been developed as a result of this. The new method relies on the use of microspheres that deliver chemotherapeutic medicines to targeted lesions with a controlled dose of pharmacoketinics, considerably increasing clinical outcomes and lowering embolotherapy side-effects. Future revenue growth of the global embolotherapy market is anticipated to be boosted by these and other advances in the industry.
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Competitive Terrain:
The global Embolotherapy industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
Leading Market Players Profiled in the Report:
Abbott Laboratories, Boston Scientific Corporation, Medtronic PLC, Terumo Medical Corporation, Penumbra Inc., Johnson & Johnson, Merit Medical Systems Inc., Cook Medical Inc., Kaneka Corporation, and Stryker Corporation
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Some Key Highlights from the Report
Embolic agents segment is expected to account for largest revenue share over the forecast period due to increasing use of calibrated microscopes, biodegradable microspherical embolic agents and increasing development of next generation liquid embolics for facilitating treatment of a variety of pathological disease.
Transcatheter arterial radioembolization segment revenue is expected to expand at a rapid CAGR over the forecast period owing to rising popularity of this therapeutic modality for effectively treating both primary and secondary hepatobilary disease and increasing investment to develop next generation radioembolic devices to improve clinical outcomes.
Cancer segment is expected to account for largest revenue share over the forecast period owing to rising prevalence of liver cancer and increasing number of transarterial chemoembolization procedures performed for controlling tumor growth and destroying cancer cells and providing quality care to patients suffering with liver cancer.
Ambulatory surgical segment is expected to register a significantly robust CAGR in terms of revenue over the forecast period due to increasing preference for outpatient surgical procedures, increasing patient admissions in these facilities, availability of reimbursement, and increasing number of embolotherapy surgical procedures performed at these facilities.
North America is expected to account largest revenue share over the forecast period due to rising number of clinical trials for assessing safety and efficacy of embolization in a wide range of applications and increasing use of Drug-Elating Bead Transarterial Chemoembolization (DEB-TACE)
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Embolotherapy market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Embolotherapy market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Embolotherapy market.
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Market Overview:
The report bifurcates the Embolotherapy market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Product Outlook (Revenue, USD Billion; 2018–2028)
Embolic Agents
Liquid Embolic Agents
Microspheres
Embolization Coils
Detachable Coils
Pushable Coils
Detachable Balloons
Embolic Plug Systems
Support Devices
Microcatheters
Guidewires
Procedure Outlook (Revenue, USD Billion; 2018–2028)
Transcatheter Arterial Embolization
Transcatheter Arterial Radioembolization
Transcatheter Chemoembolization
Application Outlook (Revenue, USD Billion; 2018–2028)
Cancer
Peripheral Vascular Disease
Neurological Disease
Urological & Nephrological Disorders
Others
Regional Outlook:
North America (the U.S., Canada, Mexico)
Europe (the U.K., Germany, France, Italy)
Asia Pacific (India, China, Japan, Korea)
Latin America (Brazil, Argentina, Ecuador, Chile)
Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key reasons to buy the Global Embolotherapy Market report:
The latest report comprehensively studies the global Embolotherapy market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products & services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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