Embolization Coils Market Scenario & Prominent Key Players Analysis 2022-2028

The global Embolization Coils Market is expected to reach US$ 1,591.60 million in 2028 from US$ 1,191.78 million in 2021. It is estimated to grow at a CAGR of 4.3% during 2022-2028.

Rise in the prevalence of cardiac aneurysms, increase in the incidence of cancer cases, rise in patient preference for minimally invasive procedures, and surge in the incidence of hypertension, obesity, smoking, and alcoholism are the factors fueling the global embolization coils market growth. However, factors such as numerous product recalls and high cost of embolization coils are likely to restrain the market's growth during the forecast period.

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Analysis of the Top Market Players:

1. Terumo Corporation
2. Medtronic
3. Boston Scientific Corporation
4. Stryker
5. Johnson & Johnson Services, Inc
6. Cook Medical LLC
7. Penumbra, Inc
8. KANEKA CORPORATION
9. Shape Memory Medical INC
10. Microport Scientific Corporation

In this report, the market has been segmented on the basis of:

Type
• Detachable Coil
• Pushable Coil

Material
• Platinum
• Platinum & Hydrogel
• Platinum Tungsten Alloy

Application
• Neurology
• Cardiology
• Urology
• Oncology
• Peripheral Vascular Disease

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Embolization coils are used to treat brain and cardiac aneurysms and other blood-related conditions. This is used as an alternative to surgical embolization to cut the blood supply to the tumor. It is used to treat various types of diseases, such as liver cancer, kidney cancer, aortic artery disorders, neuroendocrine tumors, and peripheral vascular diseases.

The cardiac aneurysm is majorly caused due to blockages in the aortic artery. The disease is categorized into two diseases according to the site of blockages. The blockages in the chest are called thoracic aortic aneurysms, and those in the abdomen are called abdominal aortic aneurysms. There is a rise in the prevalence of cardiac aneurysms worldwide. For instance, the Society for Vascular Surgery (SVS) stated that every year in the US, 2 million people are diagnosed with an abdominal aortic aneurysm. It also stated that a ruptured abdominal aortic aneurysm is the country's 15th leading cause of death. It is most commonly seen in people above 55 years of age.

In addition, the abdominal aortic aneurysm is majorly based on family history or inheritance. The immediate relative is more prone to getting an abdominal aortic aneurysm.

According to the British Heart Foundation, every year, ~5,000 deaths in the UK are caused due to ruptured aortic aneurysms. These are most common in men 65 years of age and above and are responsible for 1 in 75 deaths of men in this age group. A similar trend is observed in other regions across the world. Therefore, the rise in the prevalence of cardiac aneurysms is likely to increase the growth of the embolization coils market during the forecast period.

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