Comprehensive Tumor Embolization Devices Market Analysis 2024: Size, Share, And Key Trends
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What is the Expected Growth Rate of the Tumor Embolization Devices Market from 2024 to 2033?
The tumor embolization devices market has experienced rapid growth, forecasted to expand from $1.62 billion in 2023 to $1.82 billion in 2024, at a CAGR of 12.8%. This growth is driven by minimally invasive procedures, advancements in technology, cancer incidence, and an aging population.
The tumor embolization devices market is projected to grow to $2.83 billion by 2028, at a CAGR of 11.6%. This growth is driven by personalized medicine and image-guided procedures. Key trends include innovations in embolic agents, TACE procedures, and palliative care.
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What Key Factors Are Fueling the Growth of the Tumor Embolization Devices Market?
The rising number of cancer cases worldwide is expected to drive the growth of the tumor embolization devices market. With nearly 1.9 million new cancer cases and 608,570 cancer-related deaths in the US in 2021, the demand for tumor embolization devices is expected to rise, especially with the prevalence of lung, prostate, and breast cancers.
What Are the Major Segments of the Tumor Embolization Devices Market?
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
What New Trends Are Transforming 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. In May 2021, Emboline received an investment of $55 m to develop and launch embolic protection catheters from Matrix Capital Management.
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Which Regions Are Driving Growth in the Tumor Embolization Devices Market?
North America was the largest region in the tumor embolization devices market in 2023. Asia-Pacific was the second largest region in the tumor embolization devices market. The regions covered in the tumor embolization devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Tumor Embolization Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the tumor embolization devices market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Tumor Embolization Devices Market Include
1. Tumor Embolization Devices Market Executive Summary
2. Tumor Embolization Devices Market Segments
3. Tumor Embolization Devices Market Size And Template Market Growth Rate
4. Key Tumor Embolization Devices Market Trends
5. Major Tumor Embolization Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Tumor Embolization Devices Market
26. Top Tumor Embolization Devices Companies
27. Tumor Embolization Devices Market Opportunities And Strategies
28. Tumor Embolization Devices Market, Conclusions And Recommendations
29. Appendix
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