Embolization Coils Global Market Report Competitive And Growth Analysis 2033

"The Business Research Company recently released a comprehensive report on the Global Embolization Coils Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The embolization coils market size has grown steadily in recent years. It will grow from $1.37 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to the increasing prevalence of neurovascular disorders, rising geriatric population, growing demand for minimally invasive procedures, improved healthcare infrastructure, and increasing healthcare expenditure.

The embolization coils market size is expected to see steady growth in the next few years. It will grow to $1.73 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to expanding applications in emerging markets, development of innovative embolization techniques, rising awareness about neurovascular disorders, increasing prevalence of chronic diseases, and increasing investments in research and development. Major trends in the forecast period include personalized treatment approaches, integration of artificial intelligence in treatment planning, the emergence of next-generation embolic materials, a shift towards outpatient and ambulatory procedures, and an emphasis on patient-centric care.

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Market Drivers and Trends:

An increase in the prevalence of chronic illnesses is expected to propel the growth of the embolization coils market going forward. The rise in chronic illnesses is primarily due to aging populations and lifestyle factors such as poor diet, a lack of physical activity, and increased stress. Additionally, improved diagnostics and longer life expectancies contribute to higher reported cases. The embolization coils are used in the treatment of chronic illnesses such as coronary artery aneurysms and fistulas by occluding these abnormal connections and preventing complications like rupture. For instance, in August 2022, according to a report published by the American College of Cardiology, a US-based non-profit medical association, in the United States, it is projected that all four major cardiovascular risk factors will increase from 2025 to 2060. Diabetes is expected to see the largest percentage rise, with a 39.3% increase to 55 million individuals, followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). Therefore, the increase in the prevalence of chronic illnesses is expected to drive the growth of the embolization coils market.

Major companies operating in the embolization coils market are developing innovative products, such as fibered detachable coils, to better serve customers with advanced features. A fibered detachable coil is a type of embolization coil used in minimally invasive procedures to obstruct or reduce blood flow in blood vessels. For instance, in April 2022, Boston Scientific Corporation, a US-based manufacturer of medical devices, announced the U.S. Food and Drug Administration (FDA) approval for the EMBOLD fibered detachable coil. It is designed to block or decrease blood flow in the peripheral blood vessels. It is designed for use in a variety of embolization procedures, a minimally invasive treatment intended to block one or more blood vessels to obstruct or reduce blood flow. This technique is used to stop hemorrhaging, prevent aneurysm ruptures, reduce the size of certain tumors, and treat a variety of venous abnormalities.

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Major Key Players of the Market:

Johnson & Johnson Services Inc., Abbott Laboratories Inc., Medtronic Plc, Heraeus Holding, Stryker Corporation, Boston Scientific Corporation, Terumo Corporation, Kaneka Corporation, Cook Medical LLC, Integer Holdings Corporation, MicroPort Scientific Corporation, Penumbra Inc., Guerbet LLC, Asahi Intecc Co. Ltd., MicroVention Inc., Balt USA LLC, InNeuroCo Inc., Wallaby Medical Inc., Rapid Medical Ltd., Spartan Micro Inc., QXMedical LLC, EmbolX Inc., Shape Memory Medical Inc., Blockade Medical LLC, Achieva Medical Co.

Embolization Coils Market 2024 Key Insights:

• The embolization coils market size is expected to see steady growth in the next few years. It will grow to $1.73 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%.
• Increase In Prevalence Of Chronic Illness Is Expected To Propel The Growth Of The Embolization Coils Market
• Development Of Innovative Products In The Embolization Coils Market
• North America was the largest region in the embolization coils market in 2023

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