5 Key Insights On The Vascular Embolization Market 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Vascular Embolization Global Market Report 2023, the vascular embolization market is expected to show significant growth in the forecast period.
Key insights from the vascular embolization market forecast include:
- Market Size
The global vascular embolization market is expected to grow from $2.68 billion in 2022 to $2.89 billion in 2023 at a compound annual growth rate (CAGR) of 8.03%. The vascular embolization market is expected to reach $3.99 billion in 2027 at a CAGR of 8.41%.
- Major Driver
The increasing prevalence of vascular diseases is expected to propel the growth of the vascular embolization market going forward. For instance, in April 2023, according to HMP Communications LLC, a US-based patient-centered education resource, the global prevalence of peripheral artery diseases (PAD) reached 21 million in 2020, estimated to reach 23.8 million by 2030. Therefore, the increasing prevalence of vascular diseases is driving the growth of the vascular embolization market.
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- Key Trend
Technological advancements are a key trend gaining popularity in the vascular embolization market. Major companies operating in the vascular embolization market are developing new technologies to sustain their position in the market. For instance, in June 2022, India Medtronic Private Limited, a subsidy of Medtronic plc, a US-based medical device company, introduced Pipeline Vantage, a flex embolization device to treat brain aneurysms. Pipeline Vantage with shield technology is a revolutionary flow diverter with improved delivery design characteristics. These device characteristics make it easier and more reliable for clinicians to transport, deploy, and treat brain aneurysms and intracranial aneurysms while also providing a scaffold that encourages cell proliferation in the inner lining of the target blood vessel.
- Largest Region
North America was the largest region in the vascular embolization market in 2022.
- Major Players
Major players in the vascular embolization market are Johnson and Johnson Co, Abbott Laboratories, Medtronic Plc., Merck Group, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Kaneka Corporation, Terumo Corporation, W. L. Gore & Associates Inc., Teleflex Inc., Cook Group Incorporated, Merit Medical Systems Inc., Penumbra Inc., MicroPort Scientific Corporation, MicroVention Inc., Medikit Co Ltd., Silk Road Medical Inc., Galt Medical Corporation, Neuravi Ltd., Phenox GmbH, Spartan Micro Inc., EndoShape Inc., Shape Memory Medical Inc., Balt Group, and Vascular Solutions Inc.
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Key Vascular Embolization Market Segments
The global vascular embolization market is segmented –
1) By Product: Embolic Agents, Embolization Devices
2) By Embolization Technique: Coiling Devices, Non-Coiling Devices
3) By Application: Peripheral Vascular Diseases, Oncology, Urology, Neurology, Other Applications
4) By End Users: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Diagnostic Centers
The Vascular Embolization Global Market Report 2023 provides an in-depth analysis on the vascular embolization market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the vascular embolization market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
View More Related Reports –
Vascular Grafts Global Market Report 2023
Vascular Stent Global Market Report 2023
Tumor Embolization Devices Global Market Report 2023
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