Transcatheter Embolization and Occlusion Devices Market by Forecast Revenue, Trends, Share, Demand by 2030

0
928

Major Players: Transcatheter Embolization and Occlusion (TEO) Market

The key players contributing to their product development and offerings include Abbott Laboratories, Cardinal Health, Medtronic plc, Stryker Corporation, Boston Scientific Corporation, Terumo Corporation, DePuy Synthes, Cook Medical, Sirtex Medical Limited, and Pfizer Inc., and Merit Medical Systems.

Transcatheter Embolization and Occlusion Devices Market size is Expected to Register a Healthy CAGR Over the Forecast Period. The market held a market value of USD 3,290.4 million in 2018 and is projected to grow at a CAGR of 9.9% during the forecast period.

 Overview: Transcatheter Embolization And Occlusion (TEO)

A catheter embolization procedure includes drugs or synthetic materials (embolic agents) that are introduced through a catheter released into a blood vessel to prevent blood flow to the area. Technological progress in the products, the expansion of the target population, the growing number of minimally invasive surgeries, the presence of a favorable reimbursement for cardiovascular surgeries contribute to the growth of the market. On the other hand, more expensive products and the presence of a strict regulatory framework for product marketing should limit market growth over the next five years.

Transcatheter embolization and occlusion (TEO) are a minimally invasive alternative to open surgery, giving patients preference for minimally invasive surgery as it offers several benefits, including small incisions and minimal tissue pain and surgical scarring, and rapid wound healing. This can often lead to minor complications and lower operating costs that can help the market growth over the coming years.

The technology proves its effectiveness in treating complex interventions. The embolization technique has become one of the most popular methods of treating various types of cancer, such as kidney, breast, liver (hepatocellular carcinoma), and pancreas.

 Segmentation: Transcatheter Embolization And Occlusion (TEO) Market

The global for transcatheter embolization and occlusion devices market is subdivided into product, indication, end-user, and region.

Based on the type, the global market is bifurcated into coiled devices and non-coiled device. The coiled device segment is subdivided into removable coils and pushable coils. The uncoiled device segment is further subdivided into flow diversion devices, liquid plungers, embolization particles, other embolization, and occlusion devices & accessories.

Based on the indications, the market is divided into peripheral vascular diseases, oncology, neurology, urology, and others.

Based on the end-user, the market is bifurcated into hospitals and clinics, ambulatory surgery centers (ASCs), and others.

Regional Outlook:  Transcatheter Embolization And Occlusion (TEO) Market

Based on the regions, the US is expected to dominate the market over the forecast period due to the availability of medical grants for cardiovascular interventions and large OEMs, allowing for a rapid start of the program, an established health infrastructure, and qualified health professionals. These include Stryker Corporation, Boston Scientific Corporation, Pfizer Inc., Abbott Laboratories, and Cardinal Health.

Europe would follow America in terms of value in the transcatheter embolization and occlusion devices market, as medical devices make a vital contribution to healthcare in the European region, with the interest of citizens. In addition, strong growth in the field of radioembolization, drug dispensing granules, and energy collection devices would support growth in the regional market.

The Asia Pacific market would have a higher annual compound growth rate over the forecast period due to the growth of the geriatric population, increased weight of venous malformations and vascular abnormalities, rapid population growth, and medical tourism in emerging countries such as China, India, Australia, and Malaysia.

The Middle East and Africa have a minimum share in the global market for transcatheter embolization and occlusion devices. In addition, most of the region's market would be managed by the Middle East region due to the development of the healthcare system and medical infrastructure in the Arab countries.

Recent Updates:  Transcatheter Embolization And Occlusion (TEO) Market

Shape Memory Medical stated that it got approved CE Mark IN European Union for its Trellix embolic coil to treat vascular abnormalities in peripheral and brain vasculature. The device is outfitted with a shape memory polymer developed by the Californian company. The polymer can change from a smaller catheter-deliverable shape to larger that is memorized post-implantation. Shape Memory Medical stated that Trellix had been used in over 30 neurovascular procedures to date.

About US:

Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013

United States of America

Sponsored
📢 System Update: Sharkbow Marketplace is Now Open!

We are excited to announce the **launch of the Sharkbow Marketplace!** 🎉 Now you can:

  • 🛍️ List and sell your products – Open your own store easily.
  • 📦 Manage orders effortlessly – Track sales and communicate with buyers.
  • 🚀 Reach thousands of buyers – Expand your business with ease.

Start selling today and grow your online business on Sharkbow! 🛒

Open Your Store 🚀
Search
Sponsored

🚀 What Can You Do on Sharkbow?

Sharkbow.com gives you endless possibilities! Explore these powerful features and start creating today:

  • 📝 Create Posts – Share your thoughts with the world.
  • 🎬 Create Reels – Short videos that capture big moments.
  • 📺 Create Watch Videos – Upload long-form content for your audience.
  • 📝 Write Blogs – Share stories, insights, and experiences.
  • 🛍️ Sell Products – Launch and manage your online store.
  • 📣 Create Pages – Build your brand, business, or project.
  • 🎉 Create Events – Plan and promote your upcoming events.
  • 👥 Create Groups – Connect and build communities.
  • Create Stories – Share 24-hour disappearing updates.

Join Sharkbow today and make the most out of these features! 🚀

Start Creating Now 🚀
Categories
Read More
Health
Pressure Vessel Market Size, Share, Forecast 2023
The global pressure vessel market size was valued at USD 178.7 billion in 2022 and is poised to...
By Rekha Muthyala 2 years ago 0 255
Other
Fiber Cement Market Manufacturers, Type, Application, Regions and Forecast
Market Insight Fiber Cement Market is projected to be worth USD 24.87 Billion by 2028,...
By Christian Johnson 2 years ago 0 321
Other
Wireless In Flight Market is Poised to Grow at a CAGR of 4.9% during the Forecast Period of 2023 To 2029
The Global Wireless In Flight Market study may be customized to include pricing trend...
By Rohan Nale 2 years ago 0 389
Other
Bio-Based PET Market, Size Overview and Investment Analysis Report Till 2030
Introduction : The global push for sustainability and reduced environmental impact has spurred...
By Ganesh Mhetre 2 years ago 0 508
Other
Ovarian Cancer Diagnostics and Therapeutics Market Growth, Revenue Share Analysis, Company Profiles, and Forecast To 2028
An in-depth analysis of the Ovarian Cancer Diagnostics and Therapeutics Market includes...
By Sima Badhe 2 years ago 0 399