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.

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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.

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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

The report on embolization coils market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The embolization coils market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The embolization coils market report also maps the qualitative impact of various market factors on market segments and geographies.    

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold 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.  

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Embolization Coils Market

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