Transcatheter Occlusion Devices Market Worth US$4.8 bn by 2024
The top three players in the global transcatheter embolization and occlusion (TEO) devices market accounted for over 63% in 2015. Medtronic, plc, Cook Medical, and Terumo Corporation are the three companies that together dominated the market in 2015. Transparency Market Research notes that the degree of competition is moderate due to market consolidation as a result of frequent acquisitions. The competitive rivalry is influenced by the presence of large global players and few local manufacturers of transcatheter embolization and occlusion devices.
“Business agreements and partnerships among key market players will enable them to expand their global reach and market their products to newer regions,” the lead analyst recommends. In January 2016, Terumo Corporation expanded its strategic alliance with Quirem Medical and became the exclusive global distributor of radioembolization solutions developed by Quirem Medical.
In terms of percentage share contribution, the embolization coils segment is expected to reflect a share of 39.5% by 2024. Registering an impressive CAGR of 13.2% from 2016 to 2024 in terms of revenue, embolization particles are likely to emerge as a highly lucrative product segment in the global transcatheter embolization and occlusion devices market. By application, peripheral vascular disease was the leading segment in 2015, while oncology is slated to be the most attractive segment of the market.
Based on end use, the hospitals segment accounted for a significant share in the global transcatheter embolization and occlusion devices market in terms of revenue. In terms of percentage share contribution, North America is expected to account for 32.3% by 2024, emerging as the leading regional segment of the global transcatheter embolization and occlusion devices market.
Report overview @ https://www.transparencymarketresearch.com/transcatheter-embolization-occlusion-devices-market.html
Rising Prevalence of Cancer Boosts Demand for Transcatheter Embolization and Occlusion Devices
The TEO devices market is fueled by a number of factors, including an increase in the adoption of minimally invasive surgeries, a rise in the prevalence of cancer, technological innovations, and changing demographics and lifestyle leading to an increase in peripheral vascular diseases.
Request to sample report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2242
“Embolization is a minimally invasive surgery that marks a significant advancement in medical technologies,” the author of the report states. “The adoption of minimally invasive surgeries has increased significantly over the years owing to the various advantages they present, including less post-operative pain, reduced blood loss, shorter hospital stay, and faster recovery.”
Cancer is one of the leading causes of mortality and morbidity around the world and the rising prevalence of cancer globally has driven the demand for chemembolization and radioembolization. This has, in turn, boosted the demand for transcatheter embolization and occlusion devices.
In contrast, frequent product recalls, stringent regulations governing product approvals, the lack of skilled professionals, and the lack of reimbursement policies in emerging markets threaten to impede the global market for transcatheter embolization and occlusion devices.
Get full report now @ https://www.transparencymarketresearch.com/checkout.php?rep_id=2242<ype=S
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
TMR Blog: http://www.theglobalhealthnews.com/
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Transcatheter Occlusion Devices Market Worth US$4.8 bn by 2024 here
News-ID: 852400 • Views: 169
More Releases from Transparency Market Research
Potassium Permanganate Market to Witness an Outstanding Growth by 2023
The global market for potassium permanganate has witnessed the emergence of a number of small, medium, and large scale players in recent times. The wide applicability of potassium permanganate across a wide array of industries is the driving force behind the entry of several new players in the market. The market players are expected to concentrate on innovating their approach towards marketing the products in order to gain a larger
Molded Fiber Clamshell and Container Market will be valued at US$ 2.7 Bn By 2022
Among a slew of end-use industries, food and beverage packaging is likely to contribute substantially to the growth of molded fiber clamshell and container market, says Transparency Market Research (TMR) in one of its research reports. Consumer electronics and consumer durables is expected to be another key contributor to the growth of molded fiber clamshell and container market, finds TMR. Serving such lucrative end-use industries, this validates predicted stellar growth of
Electrostatic Discharge (ESD) Packaging Market Scope, Trends, Share, Research In …
The global electrostatic discharge (ESD) packaging market is fragmented and unorganized because most vendors produce ESD packaging as part of a larger product line on account of similarities with other products such as bubble bags and polybags. Competition in the market is intense and keen players are seen taking the mergers and acquisitions route to grow their share. They are also seen devising means to make inroads into different markets. Request
Molded Fiber Trays Market - Industry Trends, Competitive Landscape and Forecast …
The intensifying need for eco-friendly packaging and protection materials world over has led to the rising preference of molded fiber or molded pulp packaging over other packaging types. The vast popularity of molded fiber trays in the packaging of various consumer durables and food & beverages is motivated by several benefits such as robust product presentation, efficient protection, and enhanced shelf-life. Molded fiber trays are also gaining wide adoption as
More Releases for US$4
Backhoe Loaders Market to Surpass US$ 4 Bn by 2026
Top eight players account for 85% revenue share; center-mount loaders continue to outsell side-shift equipment The top eight global players accounted for nearly 85% revenue share of the US$ 2.14 Bn backhoe loaders market in 2015. JC Bamford Excavators Ltd (JCB) remains the largest player (20%), followed by CNH Industrial NV, and Volvo Construction Group. These three behemoths collectively account for nearly 44% revenue share of the global backhoe loaders market.
Antimicrobial Coatings Market Worth US$ 4 Billion Globally by 2021
New York, March 21: Market Research Engine has published a new report titled as “Antimicrobial Coatings Market by Product Type (Silver, Copper, & Others), by Application (Indoor air/HVAC, Medical, Mold remediation, Building & Construction, Textiles, & Others) – Global Market Analysis and Forecast to 2021” How Big is the Antimicrobial Coatings Market? The antimicrobial coatings market is expected to exceed more than US$ 4 Billion by 2021; Growing at a CAGR of
Antimicrobial Coatings Market to Reach US$ 4 Billion by 2021
New York, February 07: Market Research Engine has published a new report titled as “Antimicrobial Coatings Market by Product Type (Silver, Copper, & Others), by Application (Indoor air/HVAC, Medical, Mold remediation, Building & Construction, Textiles, & Others) – Global Market Analysis and Forecast to 2021” How Big is the Antimicrobial Coatings Market? The antimicrobial coatings market is expected to exceed more than US$ 4 Billion by 2021; Growing at a CAGR of
Antimicrobial Coatings Market Worth US$ 4 Billion by 2021
New York, January 17: Market Research Engine has published a new report titled as “Antimicrobial Coatings Market by Product Type (Silver, Copper, & Others), by Application (Indoor air/HVAC, Medical, Mold remediation, Building & Construction, Textiles, & Others) – Global Market Analysis and Forecast to 2021” How Big is the Antimicrobial Coatings Market? The antimicrobial coatings market is expected to exceed more than US$ 4 Billion by 2021; Growing at a CAGR of
Customer Intelligence Market to Reach US$ 4 Billion By 2020
New York, December 16: Market Research Engine has published a new report titled as “Customer Intelligence Market- Trends & Forecast 2015 - 2020”. As per this report ‘Customer Intelligence’ to be a mandate across companies as they look to cater to the demographics challenge and exploring any new potential markets (2015-2020). Enterprises across verticals are facing challenges – to retain their customers, engaging with empowered customer, knowing about the customer
Prosthetic Heart Valve Market Worth US$ 4 Billion by 2020
New York, December 13: Market Research Engine has published a new report titled as “Prosthetic Heart Valve Market by Type (Mechanical, Transcatheter, Tissue) and by Geography (Americas, Europe, Asia-Pacific, Middle East & Africa) - Global Industry Analysis and Forecast by 2021” How Big is the Global Prosthetic Heart Valves Market? The Global Prosthetic Heart Valves Market is expected to exceed more than USD$ 4 Billion by 2020; Growing at a CAGR of