The global vascular embolization market size was valued at USD 1,636.5 million in 2022, and is poised to grow at a CAGR of 9.8% during the forecast period 2023 to 2029. The primary drivers of the expansion of the global vascular embolization market include the increasing prevalence of vascular diseases, the increasing demand for embolic agents, and the increasing number of road accidents.

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The global vascular embolization market segmentation:

1) By Technique: Coiling Devices and Non-coiling Devices.

2) Application: Peripheral Vascular Disease, Oncology, Neurology, Urology, and Others.

3) End User: Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, and Others.

Hospital Segment to Dominate the Vascular Embolization Market

Based on the end-user, the global vascular embolization market is segmented into hospitals, ambulatory surgical centers, diagnostic centers, and others. The hospital segment is expected to account for a larger revenue share in the global vascular embolization market, with a value share worldwide. The increasing number of vascular embolization procedures performed in hospitals is the major driver of the growth of this segment. Moreover, the good reimbursement policies, along with the rapid development of healthcare and hospital infrastructure is fueling the demand for the global market.

Asia Pacific Vascular Embolization Market

The Asia Pacific market is expected to increase in the global vascular embolization market over the forecast period. It is projected to grow at a CAGR of xx% in the coming years.  The Asia Pacific market is expanding as a result of the increasing number of cases of vascular diseases and the increasing number of road accidents in emerging countries such as India. North America held considerable market share during the estimated period owing to the presence of well-developed healthcare infrastructure and global key market players in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.

The global vascular embolization market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, Mar 2022, Merit Medical Received FDA “Breakthrough Device Designation” for Embosphere microspheres for use in genicular artery embolization for symptomatic knee osteoarthritis.

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Key players’ profiles in the vascular embolization market report are Medtronic PLC, Cook Medical, Stryker Corporation, Johnson and Johnson, Merit Medical Systems Inc., Boston Scientific Corporation, Abbott Laboratories, Penumbra Inc., Terumo Corp, and Shape Memory Medical Inc.

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