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Embolotherapy Market Size, Market Share, Share, Insights, and Industry Analysis through 2028

Submitted by ravi1996 on Tue, 05/02/2023 - 18:33

Embolotherapy Market Forecast to 2028

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 the latest analysis by Emergen Research. The 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. A steady transition towards minimally invasive procedures from invasive open surgical procedures is expected to continue to drive revenue growth in the global embolotherapy market. Increasing demand for image-guided minimally invasive interventions has not only broadened the scope of vascular pathologies that can be treated but has also resulted in a 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 a wound incision or open surgery. This enables reduced complication rates, increases success rates, and improves the quality of life of patients.

By carefully analyzing the vital commercial data and broad geographic dispersion of the business, Emergen Research created a market research study on Embolotherapy. The study provides comprehensive coverage of the qualitative and quantitative analysis of the market for Embolotherapy as well as important market statistics. The study paper offers current estimates through 2021 as well as historical data from 2017 to 2018. The profiles of both well-known and emerging industry participants in the research contain a summary of the company, its product portfolio, strategic relationships, and corporate expansion goals.

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The global Embolotherapy market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Embolotherapy industry is witnessing an expansion and change of dynamics owing to the entry of several new players.

The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined 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)

 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

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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market. 

Regional Analysis Covers:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.

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