Embolotherapy Market New Innovations, Challenges, Opportunities, Strategies and Forecast By 2031 | Merit Medical Systems (US), Terumo Corporation (Japan), Medtronic plc (Ireland), Johnson & Johnson

The global Embolotherapy market was valued at USD 3.8 billion in 2021 and it is anticipated to grow up to USD 7.7 billion by 2031, at a CAGR of 7.3% during the forecast period.

New York, According to a new market research report published by Global Insight Services Embolotherapy Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Embolotherapy is the process of obstructing arteries with a device (such as a balloon catheter) in order to treat or stop uncontrollable bleeding. Utilizing this technique, tumors are reduced, and bleeding is controlled. It is an endovascular procedure that attempts to stop bleeding by restricting aberrant blood arteries. Embolotherapy is mostly used to treat cervical uprooted pregnancy, postpartum situations, and pelvic tract hemorrhage.

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Market Drivers and Trends

Because more target procedures are being performed on more target patients, the market for embolotherapy devices has been rising steadily over the past ten years. CVD is a major target illness, and research on successful and efficient treatments has focused on it because of its significance and high prevalence. Globally, more than 200 million people have peripheral vascular disorders as of 2017. The prevalence of these disorders increases with age, with the over-80 age group showing a prevalence rate of more than 20%.

The market for embolotherapy devices will likely increase in the near future due to the high success rate and low postoperative complication rate associated with embolotherapy procedures as well as the rising prevalence of liver cancer and hepatocellular carcinoma. The fifth most prevalent cancer in males and the ninth most common in women is liver cancer. Over 840,000 new cases were diagnosed globally in 2018. World Cancer Research Fund, a source. In addition, incidence rates of kidney cancer rose by 42% in the UK over the previous ten years. Male incidence rates were 38 percent, compared to a 44 percent increase in female incidence rates.

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Market Restraints and Challenges

The availability of efficient first-level conventional medicines for the management of hemorrhagic disorders such as liver cancer, uterine fibroids, hemorrhagic stroke, and other hemorrhagic conditions is a major market growth inhibitor. For example, therapies like surgery, chemotherapy, and radiation therapy are preferred options in the treatment of cancer due to the high awareness of conventional cancer treatments among the general public, the low adoption of advanced treatment options (especially in developing countries), and the reluctance of oncologists to use alternative therapies.

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Market Segments
By Product

Embolization Coil
Embolic Agents
Detachable Balloons
Embolic Plug Syndrome
Support Devices

Major Players in the Global Embolotherapy Market

The key players studied in the global embolotherapy market are Boston Scientific Corporation (US), Merit Medical Systems (US), Terumo Corporation (Japan), Medtronic plc (Ireland), Johnson & Johnson (US), Stryker Corporation (US), BTG plc (UK), Penumbra, Inc. (US), Cook Medical (US), Abbott Laboratories (US), Acandis GmbH (Germany), BALT Extrusion (France), Sirtex Medical Limited (Australia), Kaneka Corporation (Japan), and Meril Life Sciences Pvt. Ltd. (India).

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Reasons to buy Embolotherapy Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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