Top 5 Vendors in the Transcatheter Embolization and Occlusion Devices Market from 2019 to 2023 | Technavio
LONDON--(BUSINESS WIRE)-- The need for quality patient care has increased owing to the growing aging population and the consequent rise in chronic diseases. Early diagnosis and regular monitoring of patients is essential to identify, treat, control, and limit the prevalence of diseases. This improvement in diagnostics is driving the demand for transcatheter embolization and occlusions devices, which are advanced therapeutic equipment used to prevent abnormal bleeding. Thus, the rising incidence of chronic diseases will fuel the growth of the transcatheter embolization and occlusion devices market during the forecast period. Furthermore, this industry research report also presents a competitive analysis of the market by product (embolization coils, occlusion removal devices, non-coils embolization devices, and accessories), end-user (hospitals, ASC, and others) and geography (Asia, Europe, North America, and ROW).
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Technavio has announced its latest market research report titled global transcatheter embolization and occlusions devices market 2019-2023. (Graphic: Business Wire)
Competitive vendor landscape
The global transcatheter embolization and occlusion devices market is highly competitive with major vendors such as Boston Scientific Corporation, Cook, Johnson & Johnson Services, Inc., Medtronic, Merit Medical Systems, and TERUMO CORPORATION, competing based on price, quality, and market presence.
“The transcatheter embolization and occlusion devices market has witnessed several technological advances over the last few years. These advances include the emergence of biocompatible, biodegradable, drug-eluting microspheres that provide effective embolization. Bioresorbable microspheres block the blood vessels causing tumors without long-term blockage of the healthy tissue blood vessels. Such technological advancements are expected to fuel the growth of the market during the forecast period,” says a senior analyst at Technavio.
Top five transcatheter embolization and occlusion devices market vendors
Boston Scientific Corporation owns and operates businesses in three segments, namely cardiovascular, rhythm and neuro, and medsurg. The company offers various transcatheter embolization and occlusion devices including Contour PVA embolization particles, Occluder occlusion balloon catheter, and Interlock and IDC detachable embolization coils.
Cook is one of the leading global companies, operating businesses in vascular and medsurg segments. Under its transcatheter embolization and occlusion devices category, the company offers Nester Embolization Coil and Retracta Detachable Embolization Coil.
Johnson & Johnson Services, Inc.
Johnson & Johnson Services, Inc. offers various orthopedic products, electrophysiology products, sterilization and disinfectants, diabetic care products, and vision care products through its medical devices segment. The company’s key offerings in the market include ASCENT Occlusion Balloon Catheter, ORBIT GALAXY Detachable Coil System, and MICRUSPHERE Microcoil.
Medtronic owns and operates businesses in various segments, including cardiac and vascular, minimally invasive therapies, restorative therapies, and diabetes. The company offers various transcatheter embolization and occlusion devices, including Concerto Detachable Coil System, OptiSphere Embolization Sphere, and MVP Micro Vascular Plug System.
Merit Medical Systems has business operations in cardiovascular, and endoscopy segment. Under its cardiovascular segment, the company offers standalone devices, custom kits and procedure trays, inflation devices, catheters, embolization devices, and CRM/EP products. The company’s product line in the market includes Bearing nsPVA Embolization Particles, EmboGold Microspheres, and ClariVein IC.
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Source: Technavio Research