Growing Demand for Minimally Invasive Procedures to Drive Embolization Coils Market

The global embolization coils market is estimated to surpass an amazing valuation of US$ 1,200 Million in 2022, with a compound annual growth rate (CAGR) of 5% projected from 2022 to 2032, reaching a market value of US$ 1,954.56 Million. Factors such as rising vascular disease prevalence, technological developments in embolization products and techniques, increased R&D efforts, and rising demand for minimally invasive procedures are propelling market expansion.

Cerebrovascular disease, coronary heart disease, rheumatic heart disease, and other illnesses are examples of cardiovascular diseases (CVDs). Tobacco use, a poor diet, and physical inactivity all raise the risk of heart attack and stroke. CVDs are the largest cause of death worldwide, affecting more individuals than any other disease.

The occurrence of cardiac aneurysms is increasing worldwide. According to the Society for Vascular Surgery (SVS), 2 million persons in the United States are diagnosed with an abdominal aortic aneurysm each year. A ruptured abdominal aortic aneurysm is also listed as the 15th top cause of mortality in the country. It is most typically seen in those over the age of 55. As a result, the increasing occurrence of cardiac aneurysms is driving the growth of the embolization coils market.

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Key Takeaways from Market Study

• The global Embolization Coils market is expected to garner a market value of US$ 1,200 Million
• Market is projected to exhibit a compound annual growth rate (CAGR) of 5% from 2022 to 2032.
• The Europe embolization coils market size is anticipated to register commendable growth, with the United Kingdom acquiring a major share.
• North America was the leading regional segment in terms of revenue and market share.
• Based on type, the detachable coil segment holds a larger market share.
• Based on application, In 2022, the neurology segment holds the largest share of the market.
• Based on end users, the hospital segment holds the largest share of the market.

Key Segments Profiled in the Embolization Coils Market Industry Survey

• By Type :
  • Detachable Coil
  • Pushable Coil
• By Application :
  • Neurology
  • Cardiology
  • Urology
  • Oncology
  • Peripheral Vascular Disease
  • Other
• By End-user :
  • Hospitals
  • Cardio Center
  • Ambulatory Center
  • Others
• By Material :
  • Platinum
  • Platinum & Hydrogel
  • Platinum Tungsten Alloy

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Market Competition:

• In July 2021, Terumo Medical Corporation (TMC) introduced its AZUR Vascular Plug, the first and only plug compatible with a microcatheter to occlude arteries up to 8mm in diameter. The newest addition to Terumo’s robust embolization portfolio is indicated for use to reduce or block the rate of blood flow in arteries of the peripheral vasculature.
• In April 2021, the US Food and Drug Administration (FDA) approved the Pipeline Flex Embolization Device with Shield Technology of Medtronic PLC, which was indicated primarily for brain aneurysms. Shield Technology enhances the flow diverter device by decreasing thrombogenicity caused due to the material.
• In August 2022, MicroPort Scientific Corporation announced that it has received approval from the Colombian Institute for Drug and Food Surveillance (INVIMA) for its MinosTM Abdominal Aortic Stent-Graft and Delivery System. As a brand new abdominal aortic stent-graft system independently developed by Endovastec™, the Minos™ System is designed for the interventional therapy of infrarenal aortic aneurysms. It is the first domestically made stent-graft system which features an ultra-low profile delivery system with an outer diameter of 14F.
• Boston Scientific Corporation offers the Pushable 0.018” and 0.035” Embolization Coils. These coils offer successful embolization through a systematic approach including guidewires, catheters, coils, and/or embolic materials. The VortX 18 and 35 Vascular Occlusion Coils are designed with a proprietary conical shape and an apex-first deployment. VortX Coils are pushable coils designed to provide compact, complete vascular occlusion and efficient embolization.

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Key Companies Profiled

• Terumo Corporation
• Medtronic plc
• Boston Scientific Corporation
• Stryker Corporation
• KANEKA CORPORATION
• MicroPort Scientific Corporation
• Penumbra, Inc.
• Cook Medical LLC
• Johnson & Johnson Services, Inc.
• Shape Memory Medical INC

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