Press release
Embolization Coils Market Size Projected To Reach $1.81 Billion By 2034 With A Cagr Of 4.6%
Embolization Coils
What Is the Projected Growth of the Embolization Coils Market?
The embolization coils market size has grown strongly in recent years. It will grow from $1.44 billion in 2024 to $1.51 billion in 2025 at a compound annual growth rate (CAGR) of 5.0%. 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 is projected to grow steadily, reaching $1.81 billion by 2029, with a compound annual growth rate (CAGR) of 4.6%. The growth can be attributed to expanding applications in emerging markets, innovative embolization techniques, increasing awareness of neurovascular disorders, rising chronic disease rates, and higher investments in R&D. Trends in the forecast period include personalized treatment approaches, AI integration in treatment planning, the emergence of next-generation embolic materials, a shift toward outpatient procedures, and a focus on patient-centric care.
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What Are the Different Embolization Coils Market Segments?
The embolization coils market covered in this report is segmented -
1) By Type: Detachable Coil, Pushable Coil
2) By Material: Platinum, Platinum And Hydrogel, Platinum Tungsten Alloy
3) By Application: Neurology, Urology, Peripheral Vascular Disease, Oncology, Cardiology, Other Applications
4) By End-User: Hospitals, Ambulatory Center, Cardio Center, Other End-Users
Subsegments:
1) By Detachable Coil: Mechanical Detachable Coils, Electrothrombogenic Detachable Coils, Hydrogel-Coated Detachable Coils
2) By Pushable Coil: Bare Pushable Coils, Coiled Pushable Coils, Soft Pushable Coils
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What Are the Primary Drivers Shaping the Embolization Coils Market?
The growing prevalence of chronic illnesses is expected to drive the growth of the embolization coils market. Chronic illnesses are on the rise due to an aging population and lifestyle factors like poor diet, sedentary behavior, and stress. Additionally, improvements in diagnostic technologies and increased life expectancy are contributing to higher incidences of these diseases. Embolization coils are widely used to treat conditions such as coronary artery aneurysms and fistulas by occluding abnormal blood vessels and preventing complications like ruptures. For example, in August 2022, the American College of Cardiology projected that major cardiovascular risk factors, including diabetes, hypertension, dyslipidemia, and obesity, would increase significantly from 2025 to 2060, which will likely drive the demand for embolization coils.
Which Companies Are Leading in the Embolization Coils Market?
Major companies operating in the embolization coils market are 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.
What Are the Latest Developing Trends in the Embolization Coils Market?
The prominent players in the embolization coils market are introducing cutting-edge products like fibered detachable coils, improving their service delivery with more sophisticated features. Fibered detachable coils are a type of embolization coil utilized in non-invasive procedures aiming to block or decrease the blood flow in vessels. For example, Boston Scientific Corporation, an American medical device manufacturer, declared in April 2022 that they received approval from the U.S. Food and Drug Administration (FDA) for their EMBOLD fibered detachable coil. This coil is fabricated to restrict or lessen blood flow in peripheral vessels and is suitable for a range of embolization procedures. This non-surgical treatment is designed to block one or more blood vessels to lessen or stop blood flow. The technique is applied for halting bleeding, averting rupturing of aneurysms, shrinking certain tumors, and handling several venous abnormalities.
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What Are the Top Revenue-Generating Geographies in the Embolization Coils Market?
North America was the largest region in the embolization coils market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the embolization coils market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Embolization Coils Market?
2. What is the CAGR expected in the Embolization Coils Market?
3. What Are the Key Innovations Transforming the Embolization Coils Industry?
4. Which Region Is Leading the Embolization Coils Market?
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