Global Embolotherapy Market: Overview

The European Conference on Embolotherapy, held in Valencia in June, shed light on some of the modern-day practices in healthcare and medicine. The conference was attended by over 800 medical experts who discussed contemporary techniques and practices for conducting embolization procedures. This conference acted as a means to popularise embolotherapy across the globe, and generate awareness about embolization amongst the masses. It is expected that the global embolotherapy market would expand at a respectable pace in the years to follow.

The future of embolization procedures lies in the ability of researchers to foster innovation and embrace the latest technologies. It is projected that the total value of the global embolotherapy market would reach unprecedented values in the years to come. This is partly due to the rising incidence of chronic diseases, and majorly because of the adoption of better practices in healthcare and medicine. The relevance of embolization is not limited to a particular domain within medicine. It can be used to prevent haemorrhaging in various parts of the body. This factor has played an integral role in the growth of the global embolotherapy market.

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Expansion of the catheters market shall play an integral role in expediting the growth of the globalembolotherapy market. Furthermore, the presence of a seamless medical fraternity shall augment advancements in embolotherapy. A syndicate report by Transparency Market Research (TMR) on the global embolotherapy market offers key value propositions for market growth. The global embolotherapy market is segmented on the basis of the following parameters: product, disease, procedure, end-user, and region. Based on disease, the use of embolotherapy for treating aneurysm has gained momentum in recent times.

Global Embolotherapy Market: Notable Developments

The global embolotherapy market is treading along a lucrative growth path, and several developments have housed this market in recent times.

  • Boston Scientific Corporation has shown spontaneity in introducing new business strategies for growth and development. In 2019, the company acquired UK’s BTG plc. with the intent to expand it global presence. The distinct treatment portfolio of Boston Scientific Corporation has also helped the company in gaining the trust of the consumers.
  • Merit Medical Systems, Inc. is a renowned manufacturer of medical devices and products. The company is also a key provider of embolotherapy devices, under its oncology segment. The emergence of such companies has largely helped in popularising embolotherapy across global medical centers.

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Some of the leading vendors operating in the globalembolotherapy market are:

  • Medtronic plc (Ireland)
  • Stryker Corporation (US)
  • Johnson & Johnson (US)
  • BTG plc (UK)
  • Cook Medical (US)
  • Penumbra, Inc. (US)
  • Abbott Laboratories (US)

Global Embolotherapy Market: Growth Drivers

  • Need for Advancements in Oncology

The domain of oncology has undergone rapid advancements in the past decades. However, the medical fraternity is constantly looking for pathways to treat cancers and prevent the development of tumours. This factor has played an integral role in propelling demand within the global embolotherapy market. Furthermore, the need for following stricter standards for invasive treatments, such as insertion of balloons in arteries, has also influenced market growth.

  • Presence of Wide Range of Products

The process of embolization is carried out with the help of a range of devices and aids. Hence, the large number of products available in the global embolotherapy market has aided the growth of the market. Some of the key devices used for embolotherapy are microspheres, embolic coils, and embolic plug systems.

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.

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Embolotherapy Market

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