Embolotherapy Market Size to Reach USD 7.13 Billion in 2028 Growing at a CAGR of 9.3%, according to Emergen Research

Emergen Research has published its latest report titled “Embolotherapy Market, By Product Type (Embolic Agents, Embolization Coils, Detachable Balloons, Embolic Plug Systems, Support Devices, and Others), By Procedure (Transcatheter Arterial Embolization, Transcatheter Arterial Radioembolization, Transcatheter Chemoembolization), By Application (Cancer, Peripheral Vascular Disease, Neurological Disease, Urological & Nephrological Disorders, Others), By End-use (Hospitals & Clinics, Ambulatory Surgical Centers, Others), and By Region, Forecast to 2028”

According to Emergen Research, the global embolotherapy market size was USD 3.50 Billion in 2020 and is expected to reach USD 7.13 Billion in 2028 and register a revenue CAGR of 9.3% during the forecast period, 2021-2028.

Market Dynamics:

The global embolotherapy market revenue growth is majorly attributed to factors such as increasing prevalence of chronic and acute diseases across the globe, rise in global geriatric population, increasing occurrences of lifestyle-related disorders, and growing demand for minimally invasive surgical procedures. Embolotherapy is an endovascular treatment method that involves occlusion of abnormal blood vessels to control bleeding, prevent arteriovenous malformations and tumor growth, and enable devascularization of organs. It is a minimally invasive technique that utilizes several embolic agents such as angiographic catheters, gel foam, coils, and balloons to make occlusions.

Increasing implementation of the embolization therapy in treatment of cancer, endovascular disease, and traumatic injuries, and rising cases of aneurysms, cerebrovascular malformation, venous malformation, arteriovenous malformation, and pediatric vascular conditions are other key factors expected to drive the global embolotherapy market revenue growth over the upcoming years. Technological advances in embolotherapy devices such as detachable and pushable coils, resorbable particles, drug-elutable microspheres, and high-flow microcatheter technology are further expected to bolster market revenue growth.

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COVID-19 Impact Analysis:

• Social distancing and restrictions severely disrupted businesses and operations
• Lockdowns caused disruptions in transportation and logistics
• Impacted manufacturing activities and mining operations globally
• Took a toll on economy of various countries
• Caused sudden and drastic downturn in economic activity
• Disrupted agriculture, fisheries, dairy, and other sectors
• Caused loss of employment and financial crisis
• Supply impacts were further compounded owing to reduced disposable income
• Emergence of variants  continue to cause concerns and impact normal routines

Embolic Agents Segment Accounted for Largest Revenue Share in 2020:

The embolic agents segment, which is sub-segmented into liquid embolic agents and microspheres, accounted for the largest revenue share in the global market in 2020. Growing prevalence of hepatocellular carcinoma, growing use of liquid embolic agents to prevent arteriovenous malformation, increasing use of embolic microspheres in embolization of arteriovenous malformations, hypervascular tumors, symptomatic uterine fibroids, and prostate arteries, and rising R&D activities to develop more advanced embolic agents drive the growth of this segment.

Cancer Application Segment to Account for Fastest Revenue CAGR:

Based on application, the global embolotherapy market is segmented into cancer, peripheral vascular disease, neurological disease, urological & nephrological disorders, and others. The cancer segment is projected to register the fastest revenue CAGR over the forecast period. Factors supporting the growth of this segment are increasing prevalence of cancer globally, including blood, liver, and kidney cancers, rising volumes of chemoembolization procedures to treat liver cancer, and growing use of embolotherapy in combination with radiation therapy and chemotherapy.

North America Accounted for Largest Revenue Share in 2020:

Among regional markets, the North America embolotherapy market dominated other regions in terms of revenue share in the global market in 2020. Increasing geriatric population, rising prevalence of cancer, growing use of embolization techniques in interventional radiology procedures, and presence of state-of-the-art healthcare infrastructure and highly skilled surgeons and radiologists are key factors bolstering the regional market revenue growth. Increasing number of ambulatory surgical centers, growing preference for transcatheter embolization devices, and rising healthcare expenditures of people further boost the revenue growth.  

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Major Companies in the Global Embolotherapy Market Include:

• Abbott Laboratories
• Boston Scientific Corporation
• Medtronic PLC
• Terumo Medical Corporation
• Penumbra Inc.
• Johnson & Johnson
• Merit Medical Systems Inc.
• Cook Medical Inc.
• Kaneka Corporation
• Stryker Corporation

For the purpose of this report, Emergen Research has segmented the global embolotherapy market based on product type, procedure, application, end-use, and region:

Product Type Outlook (Revenue, USD Billion; 2018–2028)

• Embolic Agents

• Liquid Embolic Agents
• Microspheres

• Embolization Coils

• Detachable Coils
• Pushable Coils

• Detachable Balloons
• Embolic Plug Systems
• Support Devices

• Microcatheters
• Guidewires

Procedure Outlook (Revenue, USD Billion; 2018–2028)

• Transcatheter Arterial Embolization
• Transcatheter Arterial Radioembolization
• Transcatheter Chemoembolization

Application Outlook (Revenue, USD Billion; 2018–2028)

• Cancer
• Peripheral Vascular Disease
• Neurological Disease
• Urological & Nephrological Disorders
• Others

End-use Outlook (Revenue, USD Billion; 2018–2028)

• Hospitals & Clinics
• Ambulatory Surgical Centers
• Others

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Region Outlook (Revenue, USD Billion; 2018-2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa
  • Saudi Arabia
  • U.A.E.
  • South Africa
  • Turkey
  • Rest of Middle East & Africa

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