Global Market for Embolotherapy Market Is Predicted To Reach a Valuation of US$ 7,942.8 Million by 2032

Currently estimated at US$ 3,545.56 billion, the worldwide embolotherapy market is expected to grow at a CAGR of 8.4% to reach US$ 7,942.8 billion by the end of 2032. Due to the rising incidence of cancer and the increased focus of the major players on technical breakthroughs, the market is anticipated to rise.

The embolotherapy market is anticipated to increase over the course of the forecast period as a result of rising investments in the construction of healthcare infrastructure, particularly in emerging countries, and rising applications in end-use industries. When treating cancer, internal haemorrhages, aneurysms, and venous disorders, embolisation, a minimally invasive endovascular technique, is used to purposefully restrict blood flow in blood vessels.

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Competitive Landscape:
Medtronic plc, Stryker Corporation, Johnson & Johnson, BTG plc, Cook Medical, Penumbra, Inc., Abbott Laboratories, Boston Scientific Corporation, Merit Medical Systems, Terumo Corporation are some of the key companies in the embolotherapy market.

Companies operating in the market have been focusing on innovations. There is an immense focus on offering more efficient solutions depending upon evolving needs of end users. The global embolotherapy market is considered fairly fragmented due to the presence of a numerous players. Besides this, collaborations have been a key strategy among market players as they aim at expanding regional footprint as well as their product portfolio.

Some of the recent developments from the market are :
• In June 2022 -Stryker, today the opening of its new research and development facility, Stryker's Global Technology Centre (SGTC) , at the International Tech Park. The 150,000-square-foot facility will help accelerate innovation in India and globally, and further support the company's mission to make healthcare better.
• In September 2021 - Abbott announced that the U.S. Food and Drug Administration (FDA) has approved the company's Portico™ with FlexNav™ Transcatheter Aortic Valve Replacement (TAVR) system to treat people with symptomatic, severe aortic stenosis who are at high or extreme risk for open-heart surgery. With this latest TAVR advancement, Abbott continues to offer the industry's leading portfolio of structural heart solutions that include innovative, minimally invasive therapies to repair or replace diseased or damaged heart valves or close openings in the heart.
• In October 2022 - Biosense Webster, Inc., part of Johnson & Johnson MedTech, announced the European launch of the HELIOSTAR™ Balloon Ablation Catheter - the first radiofrequency balloon ablation catheter. The HELIOSTAR™ Balloon Ablation Catheter is indicated for use in catheterbased cardiac electrophysiological mapping (stimulating and recording) of the atria and, when used with a compatible multi-channel RF generator, for cardiac ablation.

Key Segments Covered in the Embolotherapy Market Industry Survey

• By Product Type :
o Embolic Agents
 Microspheres
 Embolic coils
 Embolic Plug Systems
 Detachable Ballons
 Liquid Embolic Agents,
 others
o Support Devices
 Microcatheters
 Guidewires

• By Disease Indication :
o Cancer
 Liver Cancer
 Kidney Cancer
 Other Cancer
o Peripheral Vascular Disease
o Peripheral Vascular Disease
o Urological & Nephrological Disorder
o Gastrointestinal Disorder
o others

• By Procedure :
o Transcatheter Arterial Embolization (TAE)
o Transcatheter Arterial Radioembolization (TARE)/Selective Internal Radiation Therapy (SIRT)
o Transarterial Chemoembolization (TACE)

• By End-user :
o Hospitals& Clinics
o Ambulatory Surgical Centre
o Others

• By Region :
o North America
o Latin America
o Europe
o South Asia
o East Asia
o Oceania
o MEA

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Market Dynamics
Driver: Increase in target patient

During the forecast period, it is anticipated that the global embolotherapy market would be driven by the rising prevalence of a number of chronic disorders, including cancer and strokes. According to estimates from the Centers for Disease Control and Prevention (CDC), 33,000 Americans receive a liver cancer diagnosis each year. Over 27,000 of these sufferers pass away from the sickness; of these, 24,000 men and 10,000 women develop liver cancer; and over 18,000 men and 9,000 women pass away from the illness. In addition, over the past ten years, the number of persons with liver cancer has been continuously rising. Additionally, the survival rate after five years is still incredibly poor, ranging from 4 to 26 percent.

Restraint: Lack of skilled professionals

The lack of trained workers, particularly in developing nations, would pose a hindrance to the market's expansion during the aforementioned forecast period. Alternative medicines with strong market positioning will slow the rate of market expansion. The stringent regulatory framework that must be followed for product approval and commercialization will further stymie market expansion.

Questionnaire answered in the Market outlook Report of Embolotherapy include:

• What is the key strategy deployed by large players to maximize Embolotherapy growth?
• What are the main challenges faced by players in the Embolotherapy Demand?
• With the advent of technological advancement, how will the Embolotherapy landscape change over the forecast period?
• What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Embolotherapy size?

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This release was published on openPR.