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Transcatheter Embolization And Occlusion Devices Market Expansion Continues, with Forecast Valuation of $7.68 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Transcatheter Embolization And Occlusion Devices Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for transcatheter embolization and occlusion devices has seen robust growth in recent times. The market size is projected to flourish, increasing from $4.76 billion in 2024 to $5.23 billion in 2025 with a compound annual growth rate (CAGR) of 9.8%. The upward trend in the past can be linked to factors such as the expansion in the intended patient group, surge in minimally invasive vascular surgeries, growth in vascular disease incidents, an upturn in chronic ailment cases, and the requirement for potent treatment alternatives.
Transcatheter Embolization And Occlusion Devices Market Size Forecast: What's the Projected Valuation by 2029?
In the forthcoming years, a swift expansion is projected in the market size of transcatheter embolization and occlusion devices, with a growth forecast to reach $7.68 billion in 2029 at a compound annual growth rate (CAGR) of 10.1%. This growth during the predicted period can be ascribed to the rise in research and development initiatives, the growth in the healthcare sector, the proliferation of minimally invasive methodologies, a surge in the aging population, and heightened awareness and workshops we witness among the public. Dominant trends for the forecast period encompass the progress in technology, enhancements in imaging, the merging of artificial intelligence and machine learning, ongoing advancements in device blueprint, and progress in delivery systems.
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What Are the Drivers Transforming the Transcatheter Embolization And Occlusion Devices Market?
The increasing preference for less invasive procedures is anticipated to amplify the growth of the transcatheter embolization and occlusion devices market in the future. These minimally invasive procedures involve the use of small incisions or natural body orifices to operate on and treat internal organs and tissues, reducing the risk of trauma to the patient. Transcatheter embolization and occlusion devices are a crucial part of these minimally invasive methods, providing several advantages including less invasiveness, quicker recovery periods, targeted treatment, less discomfort, fewer chances of complications, and the possibility for day surgeries. For example, Intuitive Surgical Inc., a U.S. based tech company specialized in minimally invasive care products, reported that around 1,875,000 surgeries were conducted using Vinci surgical systems in 2022, marking an approximately 18% surge compared to roughly 1,594,000 surgeries conducted in 2021. Hence, this rising preference for minimally invasive methods is bolstering the expansion of the transcatheter embolization and occlusion devices market.
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What Trends Will Shape the Transcatheter Embolization And Occlusion Devices Market Through 2029 and Beyond?
Key players in the transcatheter embolization and occlusion devices market are enhancing their product offerings through technological advancement, incorporating features like multi-catheter compatibility to better cater to their customers and maintain a competitive edge. The ability to use various types of catheters during interventional procedures gives healthcare providers versatility and proficiency in conducting transcatheter embolization and occlusion procedures. An example of this was seen in April 2022 when Boston Scientific, a medical products firm based in the US, got FDA approval for its EMBOLD Fibered Detachable Coil, designed for use in peripheral vasculature embolization procedures. The device, part of their interventional oncology portfolio, aims to curtail or lower blood flow in targeted vessels, attending to hemorrhaging, aneurysms, tumor reduction, and venous abnormalities. It is designed to have multi-catheter compatibility and a nitinol delivery system to avert kinking, thus simplifying procedures, reducing possible complications, and boosting efficiency.
Which Segments in the Transcatheter Embolization And Occlusion Devices Market Offer the Most Profit Potential?
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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Which Firms Dominate the Transcatheter Embolization And Occlusion Devices Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential 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.
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