Press release
Occlusion Devices Market Size, Share, Growth and Trends, Report 2024-2031
The Global Occlusion Devices Market size was valued at a CAGR of 5.4 % during the forecast period (2024-2031).Occlusion devices are designed to create blockages in blood vessels to either stop or remove existing obstructions. These devices have demonstrated greater efficacy compared to anticoagulation therapy in treating strokes caused by atrial fibrillation. The growth of the occlusion devices market is driven by advancements in technology and the increasing adoption of minimally invasive surgical techniques.
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Market Dynamics:
The increasing technological developments are expected to drive the market growth in the forecast period
Transcatheter closure is highly effective for treating abnormal blood flows and thrombus embolization in the heart. This technique facilitates the closure of various congenital heart defects (CHDs) and the left atrial appendage (LAA) associated with stroke. Advances in occlusion device materials and designs have led to a shift from complex, high-risk open-heart surgeries or lifelong medication, which carries bleeding risks, to minimally invasive procedures.
Recent innovations include novel occlusion devices such as biodegradable and 3D-printed options, which are seen as next-generation alternatives to traditional Nitinol-based devices. These new devices offer advantages like biodegradability, customization, and enhanced biocompatibility. The field has seen significant improvements, with emerging occluders showing reduced complications compared to conventional Nitinol-based devices, which have been associated with issues such as erosion and displacement.
Technological advancements have also led to the phasing out of older materials like detachable balloons, which posed risks of deflation and migration. Today, more effective alternatives are available, and conventional balloon catheters are primarily used for temporary occlusions, such as during active bleeding or in combination with other embolization materials to prevent migration and improve blood stasis.
Overall, these technological developments are expected to drive significant growth in the occlusion devices market in the coming years, thanks to increased safety and effectiveness of new products.
Segment Covered in the Occlusion Devices Market:
By Product: Occlusion Removal Devices, Embolization Devices, Support Devices.
By Application: Neurology, Peripheral Vascular Disease, Oncology, Urology, Other.
By End-User: Hospitals, Ambulatory Surgical Centers, Other.
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Key players involved in Occlusion Devices Market:
• Boston Scientific Corporation
• Abbott Laboratories
• Lepu Medical Technology
• Edwards Lifesciences Corporation
• Gore & Associates, Inc.
• Medtronic plc
• Merit Medical Systems
• Penumbra, Inc.
• Terumo Corporation
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Ultrasonic Aspirator Market: https://www.datamintelligence.com/research-report/ultrasonic-aspirator-market
Blood Dialyzer Market: https://www.datamintelligence.com/research-report/blood-dialyzer-market
Product Portfolio:
Boston Scientific Corporation
Boston Scientific Corporation, founded in 1979 and headquartered in Massachusetts, is a leading medical device company. The company focuses on the non-invasive treatment of a wide range of conditions across several medical specialties, including cardiovascular, respiratory, neurological, digestive, urological, and pelvic health.
Regional Analysis:
The global Occlusion Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Occlusion Devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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