What is Occlusion Devices Market?
Occlusion devices are the devices used for treating cardiovascular defects, neurological defects, retinal defects, and others. Increased prevalence of cardiac diseases, increased number of diagnostic centers and hospitals, favorable reimbursement scenario for minimally invasive surgeries are the key driving factors for the occlusion devices market. Additionally, clinical evidence for the safety and efficacy of occlusion devices fueling the market growth. However, less awareness about the safety and efficacy of occlusion devices in some regions and lack of healthcare infrastructure in underdeveloped regions may hinder the market growth.
Highlights from Occlusion Devices Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Abbott Laboratories (United States), Boston Scientific (United States), Cardinal Health (United States), Asahi Intecc (Japan), Avinger (United States), Medtronic (Ireland), Terumo Corporation (Japan), Stryker Corporation (United States), Penumbra (United States), B. Braun (Germany) and C.R. Bard (United States) |
There are various companies that are operating in the new geographical regions by adopting various market growth initiatives such as mergers & acquisitions, expansions, investments, and others. There are various new market players are entering the market to capture market growth opportunities. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Occlusion Devices market throughout the forecasted period.
Abbott Laboratories (United States), Boston Scientific (United States), Cardinal Health (United States), Asahi Intecc (Japan), Avinger (United States), Medtronic (Ireland), Terumo Corporation (Japan), Stryker Corporation (United States), Penumbra (United States), B. Braun (Germany) and C.R. Bard (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Cook Group (United States), Edwards Lifesciences (United States) and AngioDynamics, Inc. (United States). Occlusion Devices Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Cardiology, Neurology, Peripheral Vascular, Urology, Oncology and Gyno |
Type | Occlusion Balloon, Stent Retriever, Suction Device, Coil Embolization and Liquid Embolics |
End-user | Hospitals,Diagnostic Centers & Surgical Centers,ACCs,Research Laboratories,Academic Institutes |
On the basis of geography, the market of Occlusion Devices 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in The Medical Science
Market Growth Drivers:
Increased Prevalence of Cardiovascular Diseases among People and Rise in the Number of Diagnostic Centres and Hospitals in Developing Regions
Challenges:
Lak of Healthcare Infrastructure in Underdeveloped Countries
Restraints:
Complications Associated with Surgery and Less Awareness about Safety and Efficacy of Occlusion Devices among People
Opportunities:
Growth in the Healthcare Sector Worldwide and Robust Increase in the Distribution Channels
Key Target Audience
Occlusion Devices Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
In August 2019, Boston Scientific Corporation has announced the completion of its acquisition of BTG plc. pursuant to the previously announced scheme of arrangement. BTG develops and commercializes products used in minimally-invasive procedures targeting cancer and vascular diseases, as well as specialty pharmaceuticals.