Embolization Coils Market Introduction

Aneurysm can be defined as a sac or bulge that develops in the artery owing to weaker vessel wall. An aneurysm in the brain could include the surrounding nerves and brain tissue, which results in neck pain, upper back pain, nausea, vomiting, nerve paralysis, and headache. Arteriovenous malformation is an abnormal connection between the arteries and veins which prevents circulation of oxygenated blood throughout the brain.

Embolization coils or coil embolization is a minimally invasive process employed for the treatment of aneurysm aiding in reducing the bleeding and closing off the sac. This is an endovascular procedure, wherein a steerable catheter is inserted into the blood stream and guided to the brain. Tiny coils, mesh stents, and glue are employed to promote clotting and closing off the aneurysm.

Embolization Coils Market- Competitive Landscape

Significant product launches and strategic acquisitions are the strategies employed by the market players to increase presence in the global embolization coils market. In 2018, BALT USA, LLC received the U.S. FDA 510 (k) clearance for its Optima Coil System.

In 2015, Medtronic acquired Covidien and enhanced its portfolio of embolization products with the addition of embolization coils, liquid embolics, and accessories. Similarly, Abbott acquired St. Jude Medical in 2016 that enabled it to strengthen its market position in the medical devices market.

Identify the key factors that will drive your company’s growth, Request a brochure of this report here

Medtronic plc

Established in 1949, Medtronic plc, is one of the leading medical device equipment manufacturer, engaged in the development, manufacturing, distribution and marketing of devices for medical therapies across four business segments, including minimally invasive therapies group, restorative therapies group, cardiac and vascular group, and diabetes group.

Cook Medical

Cook Medical, incorporated in 1963, is engaged in the designing, manufacturing, and distribution of minimally invasive medical devices for the therapeutic and diagnostic procedures. It offers its products through two business divisions, including Vascular and MedSurg.

Stryker Corporation

Established in 1941, Stryker Corporation is a medical technology company engaged in the development of medical devices htorugh three business segemnts, including Neurotechnology & Spine, MedSurg, and Orthopaedics. MedSurg segment is engaged in the development of surgical navigation systems, surgical equipment, patient handling, and endoscopic and communication systems, among others.

Embolization Coils- Market Dynamics

Technological advances easing the process of performing coil embolization

Technological advances, including the development of 3D embolization coils, embolization coils with integrated deployment mechanism, hydrocoil, and miniatured coil, contribute to the growth of the market. The embolization coils with integrated deployment mechanism reduce the procedural costs. In addition, the development of single click mechanical detachment handle technology would ease the process of placement of detachable coils contributing to the growth of the market.

Rise in the success rate of coil embolization

Research studies have indicated that the long-term success rate of coiling in brain aneurysms is over 85%. Increase in success rates of endovascular coiling for the treatment of aneurysms has resulted in a paradigm shift from clipping to coiling. Availability of coils in a range of shapes and sizes enabling the optimum product selection for the embolization procedure and low cost makes coiling the preferred mode of embolization procedure.

Expanding operations in future? To get the perfect launch ask for a custom report here

Complications associated with embolization coils affecting patient health

Complications associated with the embolization coils are projected to hamper the growth of the global market. These complications include coil migration and occlusion of a non-target vessel. Coil migration results in stroke, pulmonary embolism, or myocardial infarction. Other complications of coil embolization include vessel rupture, perforation, and vessel dissection.

Shortage of skilled professionals

Shortage of skilled professionals, including interventional neurologists and interventional oncologists, is anticipated to hamper the growth of the market. The Government of New Zealand has listed interventional neurology in the long term shortage list.

Embolization Coils Market Segmentation

Global Embolization coils market can be segmented on the basis of

  • Type
  • Material
  • Application
  • End-user

Based on the type, the embolization coils market is segmented into

  • Pushable coils
  • Detachable coils

The pushable coils segment accounted for significant market share in 2018. These are commonly used coils in interventional radiology. Disadvantages of pushable coils including the inability to be repositioned and incompatibility with the catheter can make the coil irretrievably jammed in the catheter are expected to restrain the segment during the forecast period.

Based on the material, the embolization coils market is segmented into

  • Platinum
  • Platinum & hydrogel
  • Platinum tungsten alloy

Based on the application, the embolization coils market is segmented into

  • Neurology
  • Oncology
  • Cardiology
  • Urology
  • Peripheral vascular disease
  • Others

Based on the end-user, the embolization coils market is segmented into

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Centers
  • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Embolization Coils Market

Pre Book