Occlusion Devices Market by Cardiology, Neurology, Peripheral Vascular, Urology, Oncology, Gyno Applications to 2023 - Overview, Size, Share, Company Profiles, Industry Insights, Top Trends and Regional Analysis

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Global occlusion devices market is competitive, with a large number of global and local players. In 2017, market was dominated by Boston Scientific (US), Medtronic (Ireland), Terumo (Japan), Stryker Corporation (US), and Penumbra (US). Product launches;market expansions;strategic acquisitions;and partnerships, agreements,& collaborationswere major strategies adopted by market players to achieve growth in the market.

The global occlusion devices market is projected to reach USD 3.55 billion by 2023 from USD 2.74 billion in 2018, at a CAGR of 5.3%.Growth in target patient population, technological advancements, favorable reimbursement scenario for minimally invasive surgeries, & availability of clinical evidence for the safety and efficacy of occlusion procedures are some of factors responsible for the growth of this market.

Occlusion devices market report covers across four major regions, namely, North America, Europe, Asia Pacific, and RoW. North America is expected to command the largest share of the market in 2018. The large share of North America in occlusion devices market is attributed to the increasing availability of medical reimbursements for cardiovascular procedures, increasing patient preference for minimally invasive surgical procedures (including occlusion treatment), and strong market presence of key OEMs (that replicates into the easy availability of occlusion devices).

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The global occlusion devices market can be fragmented in terms of application, product, and end-user. In terms of product, the market is categorized into occlusion removal devices, embolization devices, and support devices. The embolization devices division is sub-divided into tubal occlusion devices and liquid embolic agents. Occlusion removal devices division is sub-fragmented into stent retrievers, balloon occlusion devices, suction and aspiration devices, and coil retrievers.

Geographically, the occlusion devices marketis segmented into North America, Europe, Asia Pacific, and the Rest of the World. The highest CAGR for the APAC occlusion devices market can be attributed to the rising adoption of occlusion devices due to their decreasing costs (owing to the increase in localized manufacturing and strengthening of distribution networks of key product manufacturers) and increasing healthcare expenditure across key APAC countries.

Some of the top grossing occlusion devices in the market are occlusion removal devices, embolization devices, and support devices. Of them, the segment of occlusion removal devices is comprised of balloon occlusion devices, coil retrievers, stent retrievers, and suction and aspiration devices. Under embolization devices, key products are embolic coils, tubal occlusion devices, and liquid embolic agents. Again support devices include guidewires and microcatheters.

More Information “Occlusion Devices Market by Product (Occlusion Balloon, Stent Retriever, Suction Device, Coil Embolization, Liquid Embolics), Application (Cardiology, Neurology, Peripheral Vascular, Urology, Oncology, Gyno), End User - Global Forecast to 2023” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1465048 .

Occlusion devices market based on product, application, and end user. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting the market growth. It analyzes opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for the market leaders.

Breakdown of supply-side primary interviews: by company type, designation, and region:
• By Company Type - Tier 1 – 25%, Tier 2 – 30% and Tier 3 – 45%
• By Designation – C-level – 26%, Director-level – 30%, Others –44%
• By Region – North America - 34%, Europe – 26%, APAC – 23%, RoW – 17%

Occlusion devices market research report has focused on various levels of analysis—industry trends, market share analysis of top players, and company profiles, which together comprise and discuss basic views on competitive landscape, emerging & high-growth segments of occlusion devices market,and high-growth regions & countries & their respective drivers, restraints, challenges, and opportunities.

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