About Embolotherapy
Embolotherapy is a type of endovascular treatment that aims to occlude abnormal blood vessels in order to control bleeding, close fistulae or arteriovenous malformations, devascularise organs, reduce tumors, and much more. To achieve blocking, embolotherapy performs minimally-invasive methods and several embolic agents, such as gel foam, coils, balloons, and angiographic catheters to reach exact and significant results. As the field covers such a wide range of treatment possibilities, from recognized therapies such as TACE, UFE, and venous embolization, to some of the less commonly known applications such as hemorrhoid and arthritis embolization, it continues to advance in order to become more precise, more evidence-based and even more impactful in the years to come which is boosting the growth of the market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
In the embolotherapy market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation, and sourcing strategies to enhance their market share. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Embolotherapy market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Boston Scientific Corporation (United States), Merit Medical Systems (United States), Terumo Corporation (Japan), Medtronic plc (Ireland), Johnson & Johnson (United States), Stryker Corporation (United States), BTG plc (United Kingdom), Penumbra, Inc. (United States), Cook Medical (United States), Abbott Laboratories (United States), Acandis GmbH (Germany) and BALT Extrusion (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Sirtex Medical Limited (Australia), Kaneka Corporation (Japan) and Meril Life Sciences Pvt. Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global Embolotherapy market by Type (Embolic Agents, Microspheres, Embolic Coils (Detachable Coils, Pushable Coils), Liquid Embolic Agents, Embolic Plug Systems, Detachable Balloons, Support Devices, Microcatheters and Guidewires) and Region.
On the basis of geography, the market of Embolotherapy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by , the sub-segment i.e.
will boost the Embolotherapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Indication, the sub-segment i.e. Cancer will boost the Embolotherapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Procedure, the sub-segment i.e. Transcatheter Arterial Embolization will boost the Embolotherapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals and Clinics will boost the Embolotherapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Investments and Technological Advancements in Embolotherapy Devices
Market Growth Drivers:
Rising Incidences of Peripheral Vascular Diseases, Liver Cancer, and Strokes and Increasing Preference for Minimally Invasive Procedures
Challenges:
Dearth of Skilled Surgeons
Restraints:
Availability of Alternative Therapies and Unfavorable Regulatory Scenario
Opportunities:
Increasing Applications of Embolization Devices and Growth Opportunities in Emerging Markets
Market Leaders and their expansionary development strategies
In September 2023, Balt Extrusion announces a collaboration with medical device startup Embozoid to develop advanced embolization coils with enhanced biocompatibility and mechanical properties. This collaboration aims to leverage Balt Extrusion's expertise in polymer extrusion with Embozoid's innovative coil design to create next-generation embolization devices.
In August 2023, C&S Medical, Inc. announces the launch of its new EmboCoil embolization coils in Europe. These coils are designed for the embolization of peripheral arteries and veins, and offer a variety of features to improve deliverability and visibility.
Key Target Audience
Embolotherapy Devices Manufacturers, Embolotherapy Service Providers, Embolotherapy Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies, Hospitals and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.