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Transcatheter Embolization And Occlusion Devices Market Size Forecasted To Achieve $7.87 Billion By 2029 With Steady Growth
Transcatheter Embolization And Occlusion Devices
What Is the Transcatheter Embolization And Occlusion Devices Market Size and Projected Growth Rate?
The transcatheter embolization and occlusion devices market has grown significantly in recent years. It is expected to expand from $4.76 billion in 2024 to $5.28 billion in 2025 at a CAGR of 10.9%. The growth is attributed to the rising patient population, the increasing number of minimally invasive vascular surgeries, the growing prevalence of vascular diseases, the increase in chronic disease cases, and the demand for effective treatment options.
The transcatheter embolization and occlusion devices market is projected to see rapid growth, reaching $7.87 billion by 2029, with a CAGR of 10.5%. The market's expansion is driven by increased research and development, the growth of the healTH*Care sector, the rise in minimally invasive techniques, an aging population, and rising awareness through workshops. Major trends include technological advancements, improvements in imaging, the integration of artificial intelligence and machine learning, continuous innovations in device design, and enhanced delivery systems.
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What Are the Major Segments in the Transcatheter Embolization And Occlusion Devices Market?
The transcatheter embolization and occlusion devices market covered in this report is segmented -
1) By Type: Coil, Non-Coil
2) By Application: Peripheral Vascular Disease, Oncology, Neurology, Urology, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers, Clinics, Other End Users
Subsegments:
1) By Coil: Bare Metal Coil, Surface Coated Coil, Detachable Coil
2) By Non-Coil: Gelatin Sponge, Liquid Embolic Agents, Spheres And Particles
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What Are The Driving Transcatheter Embolization And Occlusion Devices Market Evolution?
The growing preference for minimally invasive techniques is likely to fuel the growth of the transcatheter embolization and occlusion devices market. These devices are crucial for minimally invasive surgeries, which use smaller incisions or natural openings to treat internal conditions, reducing recovery times, pain, and complications. As an example, Intuitive Surgical Inc. reported an 18% increase in the use of their Vinci surgical systems from 2021 to 2022, highlighting the growing adoption of minimally invasive methods and driving the demand for such devices.
Which Firms Dominate The Transcatheter Embolization And Occlusion Devices Market Segments?
Major companies operating in the transcatheter embolization and occlusion devices market are Pfizer Inc., Johnson & Johnson Services Inc., Abbott Laboratories, Medtronic Inc., Stryker Corporation, Boston Scientific Corporation, Edwards Lifesciences Corporation, Terumo Corporation, Teleflex Incorporated, Cook Medical, Merit Medical Systems Inc., Penumbra Inc., AtriCure Inc., Nordion Inc., Sirtex Medical Limited, Cordis Corporation, OpSens Inc., pfm medical ag, Micro Interventional Devices Inc., Acandis GmbH, Metactive Medical Inc.
What Trends Are Expected to Dominate the Transcatheter Embolization And Occlusion Devices Market in the Next 5 Years?
Companies in the transcatheter embolization and occlusion devices market are developing advanced products with features like multi-catheter compatibility to enhance procedure efficiency. For example, Boston Scientific received FDA clearance in April 2022 for its EMBOLD Fibered Detachable Coil, designed for embolization procedures. This device allows for multi-catheter compatibility and features a nitinol delivery system that streamlines procedures and reduces complications.
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Which Is The Largest Region In The Transcatheter Embolization And Occlusion Devices Market?
North America was the largest region in the transcatheter embolization and occlusion devices market in 2024. The regions covered in the transcatheter embolization and occlusion devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Transcatheter Embolization And Occlusion Devices Market?
2. What is the CAGR expected in the Transcatheter Embolization And Occlusion Devices Market?
3. What Are the Key Innovations Transforming the Transcatheter Embolization And Occlusion Devices Industry?
4. Which Region Is Leading the Transcatheter Embolization And Occlusion Devices Market?
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