Transcatheter Embolization And Occlusion Devices Market Growth Analysis With Investment Opportunities For 2024-2033
The Business Research Company's Transcatheter Embolization And Occlusion Devices Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LANDON, GREATER LANDON, UK, July 31, 2024 /EINPresswire.com/ -- The transcatheter embolization and occlusion devices market1 has experienced robust growth in recent years, expanding from $4.31 billion in 2023 to $4.76 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to an increase in the target patient population base, a rising number of minimally invasive vascular surgeries, increasing cases of vascular diseases, an increase in chronic disease cases, and the need for effective treatment options.
Strong Future Growth Anticipated
The transcatheter embolization and occlusion devices market is projected to continue its strong growth, reaching $7.13 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to increasing research and development activities, an increase in the healthcare sector, growing minimally invasive techniques, an increase in the older population, and an increase in workshops and awareness among people.
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Growth Driver Of The Transcatheter Embolization And Occlusion Devices Market
The growing demand for minimally invasive techniques is expected to propel the growth of the transcatheter embolization and occlusion devices market going forward. Minimally invasive surgeries refer to surgical approaches that use small incisions or natural body openings to access and treat internal structures, organs, or tissues to minimize trauma to the patient's body. Transcatheter embolization and occlusion devices are integral to minimally invasive techniques, offering numerous benefits such as reduced invasiveness, shorter recovery times, localized treatment, less pain, lower risk of complications, and the potential for outpatient procedures.
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Major Players And Market Trends
Key players in the transcatheter embolization and occlusion devices market include Pfizer Inc., Johnson & Johnson Services Inc., Abbott Laboratories, Medtronic Inc., Stryker Corporation, Boston Scientific Corporation.
Major companies operating in the transcatheter embolization and occlusion devices market are developing technologically advanced products with functionality, such as multi-catheter compatibility, to serve customers with advanced features better and gain a competitive edge in the market. Multi-catheter compatibility is a feature that can be used with various types of catheters during interventional procedures to offer healthcare providers greater versatility and efficiency in performing transcatheter embolization and occlusion procedures.
Segments:
1) By Type: Coil, Non-Coil
2) By Application: Peripheral Vascular Disease, Oncology, Neurology, Urology, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers, Clinics, Other End Users
Geographical Insights: North America Leading The Market
North America was the largest region in the transcatheter embolization and occlusion devices market in 2023. The regions covered in the transcatheter embolization and occlusion devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Transcatheter Embolization And Occlusion Devices Market Definition
Transcatheter Embolization and Occlusion Devices are medical tools used in minimally invasive procedures to block blood flow in specific areas of the body. These devices are delivered through a catheter, which is a thin, flexible tube inserted into the vascular system. The primary goal of these procedures is to treat or manage various medical conditions by obstructing the blood supply to certain tissues or organs.
Transcatheter Embolization And Occlusion Devices Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Transcatheter Embolization And Occlusion Devices Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on transcatheter embolization and occlusion devices market size2, transcatheter embolization and occlusion devices market drivers and trends, transcatheter embolization and occlusion devices market major players, transcatheter embolization and occlusion devices competitors' revenues, transcatheter embolization and occlusion devices market positioning, and transcatheter embolization and occlusion devices market growth across geographies. The transcatheter embolization and occlusion devices market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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