Embolotherapy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Embolotherapy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : October, 2020 | Medical Devices | PPT format

Report Digest


Global Embolotherapy Market: Overview

Laudable advancements in the field of oncology have given a mark of credibility to the medical research fraternity. The global embolotherapy market is expected to grow at a sound pace in the years to follow. The presence of a handsome industry for looking into the development, prevention, and treatment of tumours in the human body is a key consideration for the healthcare industry. Furthermore, doctors and medical practitioners have, time and again, focused on the need to better devices, techniques, and equipment for blocking tumours and clot. Therefore, the global embolotherapy market is expected to attract handsome opportunities in the years to follow.

The abundant availability of materials such as gelatine powder, stainless steel, ethanol, and polyvinyl foam has played an integral role in the growth of the global market. The cost of procurement for these materials has influenced demand within the global embolotherapy market. Furthermore, sophistication of the medical industry with technical skill and clinical applications has also given a thrust to market growth.

There is little scope for doubt with regard to the emergence of a workable domain for embolotherapy. The selection of an embolic agent plays a key role in the success of embolization procedures which in turn enhances the prospects of market growth. Furthermore, the growing awareness of the masses about artery blockages has given a thrust to the growth of the global embolotherapy market.

A review on the embolotherapy market gives valued insights about the forces of supply and demand. The global embolotherapy market may be segmented on the basis of the following parameters: product, disease, procedure, and end-user. Based on end-user, the global embolotherapy market has attracted a substantial consumer base from clinics and hospitals.

Global Embolotherapy Market: Notable Developments

Advancements in the medical fraternity have reeked of growth across the global embolotherapy market. Some of the notable development that have ensued in this market are:

  • Several huge companies have resorted to the practice of buying majority shares in smaller companies. This move could help the former in exercising their control over unexplored regional markets. Boston Scientific Corporation acquired CeloNova BioSciences’ interventional radiology platform to expand its reigns in the domain of radiology.
  • Several companies with a decent portfolio in cancer research and treatment have also come forward to induct new strategies for growth. It is expected that the marketing and promotion campaigns of these companies would benefit the overall market.

Some of the notable players in the embolotherapy market are:

  • Abbott Laboratories (US)
  • BTG plc (UK)
  • Cook Medical (US)
  • Penumbra, Inc. (US)

Global Embolotherapy Market: Growth Drivers

  • Innovation to Lead Market Dynamics

As medical research institutes embrace innovation and forward-thinking, the domain of embolotherapy shall gain swing. The high incidence of diseases such as cancer and brain tumour has led to increased investments in the field of embolotherapy. Furthermore, new research practices have also made way for growth within the global embolotherapy market.

  • Availability of Improved Catheters

The use of catheters and balloons in embolization has emerged as a key consideration from the perspective of market growth. The need for better catheters is now met by availability of high-quality devices. Hence, the global embolotherapy market should expand alongside advancements in the field of medical device development. The need to prevent haemorrhaging and artery blocks has also generated commendable opportunities within the global embolotherapy market.

The global embolotherapy market is segmented as:

Product

  • Embolic agents
  • Microspheres
  • Embolic coils
    • Detachable Coils
    • Pushable Coils
  • Liquid Embolic Agents
  • Embolic Plug Systems
  • Detachable Balloons
  • Support Devices
  • Microcatheters
  • Guidewires

Disease Indication

  • Cancer
  • Liver Cancer
  • Kidney Cancer
  • Other Cancers
  • Peripheral Vascular Diseases
  • Neurological Diseases
  • Cerebral Aneurysm
  • Cerebral Arteriovenous Malformations and Fistulas
  • Gastrointestinal Disorders
  • Urological and Nephrological Disorders

Procedure

  • Transcatheter Arterial Embolization
  • Transcatheter Arterial Radioembolization/Selective Internal Radiation Therapy
  • Transarterial Chemoembolization

End User

  • Hospitals and Clinics
  • Ambulatory Surgical Centers
  • Other End Users

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?