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The tumor embolization devices market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of almost 12%, as per The Business Research Company’s market report!

Read More On The Tumor Embolization Devices Market Report 2022 – https://www.thebusinessresearchcompany.com/report/tumor-embolization-devices-global-market-report

The Tumor Embolization Devices Market Size In 2022 And Forecast

The global tumor embolization devices market is expected to grow from $1.29 billion in 2021 to $1.44 billion in 2022 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The tumor embolization devices market is expected to grow to $2.27 billion in 2026 at a CAGR of 11.9%.

The tumor embolization devices market consists of sales of tumor embolization devices and related services by entities (organizations, sole traders, and partnerships) that manufacture tumor embolization devices.

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Rise In The Number Of Cancer Cases Globally Is Driving The Growth Of The Tumor Embolization Devices Market

According to the American Cancer Society, there were about 1.8 million new cases and 606,880 cancer deaths in 2019 in the USA. The four most common types of cancers worldwide are lung, prostate, bowel, and female breast cancer, accounting for 43% of all new cancer cases. Therefore, the rise in cancer incidence rate globally is anticipated to boost the demand for the tumor embolization market over the forthcoming years.

Competitive Landscape And The Regional Analysis Of The Tumor Embolization Devices Market

Major players in the tumor embolization devices market are Boston Scientific Corporation, Medtronic plc, Terumo Corporation, Sirtex Medical Ltd, Merit Medical, Cook Meidical LLC, BTG Plc, Angiodynamics, and Siemens Healthineers.

Additionally, as per TBRC’s research – North America was the largest region in the tumor embolization devices market in 2021 holding the largest market share and Asia Pacific is expected to be the fastest-growing region in the forecast period.

The Tumor Embolization Devices Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the tumor embolization devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the tumor embolization devices market.

Increasingly Investing In Technological Advances – A Key Trend In The Tumor Embolization Devices Market

Companies in the tumor embolization devices market are increasingly investing in technological advances to provide more efficient devices to consumers. The 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.

Tumor Embolization Devices Market Segmentation By The Business Research Company

1) By Type: Radioembolic Agents, Non-radioactive Embolic Agents

2) By Application: Cancer Tumors, Noncancerous Tumors

3) By End User: Hospitals, Cancer Treatment Centers, Intensive Care Units, Surgical Centers

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