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.

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
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  • Emerging niche segments and regional markets
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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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