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Nov 26, 2019 1:12 PM ET

Global Embolotherapy Market is Set to Reach USD 4,984.7 million by 2024, Observing a CAGR of 7.7% during 2019–2024: VynZ Research




iCrowd Newswire - Nov 26, 2019

The global embolotherapy market is expected to grow at a CAGR of 7.7% during the forecast period with its market size predicted to reach USD 4,984.7 million by 2024.

Industry Insights by Product (Embolic Agents [Microspheres, Embolic coils, Liquid embolic agents, Embolic plug systems, Detachable balloons], Support Devices [Microcatheters, Guidewires]), by Procedure (Transcatheter Arterial Embolization [TAE], Transarterial Radioembolization/Selective Internal Radiation Therapy [TARE/SIRT], Transarterial Chemoembolization [TACE]), by Indication (Cancer [Liver, Kidney, Others], Neurological Diseases [Cerebral aneurysm, Arteriovenous malformation and fistulas], Peripheral Vascular Diseases,  Urological & Nephrological Disorders, Gastrointestinal Disorders), by End User (Hospitals & Clinics, Ambulatory Surgical Centers [ASCs], Others)

Globally, embolotherapy industry players are undertaking considerable investment decisions and launching new products in order gain competitive advantage. Moreover, entering into partnership agreements and performing mergers & acquisitions are the key development strategies being implemented by the crucial players in global embolotherapy market.

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Hospital and clinics category held largest share in the embolotherapy market in 2018

Based on end user, the global embolotherapy market is segmented into ambulatory surgical centers (ASCs), hospitals and clinics, and others. Amongst these segments, hospitals and clinics are dominating in terms of revenue throughout the estimated period owing to extensive accessibility of reimbursements policies being implemented by hospitals and clinics and excessive adoption of these devices in small clinics, big hospitals and critical care units.

Geography Insight

North America has accounted for the largest share in embolotherapy market, globally and is predicted to grow significantly during the forecast period, owing to the increasing emphasis in the region towards development of advanced embolic agents, extensive pervasiveness of incidents that necessitates adoption of embolization processes. Moreover, established healthcare system in this region is the key factor that is further anticipated to drive the growth of embolotherapy market in this region.

Competitive Insight

Some of the players having prominent presence in the global embolotherapy market include Merit Medical Systems, Acandis GmbH, Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, Cook Medical, Terumo Corporation, Stryker Corporation, Johnson & Johnson, BALT Extrusion, Sirtex Medical Limited, Kaneka Corporation, Meril Life Sciences Pvt. Ltd., Penumbra, Inc., and BTG Plc.

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The report provides the market value for the base year 2018 and a yearly forecast till 2024 in terms of revenue (USD Million) and Volume (Unit). The report segments the global embolotherapy market on the basis of product, procedure, indication, end user, and region.

Global Embolotherapy Market Coverage

Product Insight and Forecast 2014-2024

Procedure Insight and Forecast 2014-2024

Indication Insight and Forecast 2014-2024

End User Insight and Forecast 2014-2024

Geographical Segmentation

Embolotherapy Market by Region

North America

 

Europe

Asia-Pacific (APAC)

Rest of the World (RoW)

 

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About VynZ Research

VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, and market shares and anticipated new trends & technologies arising across wide range of industries.

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Keywords:    Embolotherapy, Embolotherapy Market, Embolotherapy, Embolotherapy Market Size, Embolotherapy Market Share, Embolotherapy Market Growth, Embolotherapy Market Demand, Embolotherapy Market Forecast

Tags:    Extended Distribution, Research Newswire, English