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  • Published On : Aug 2022
  • Code : CMI5150
  • Industry : Medical Devices
  • Pages : 169
  • Formats :

Embolization is a minimally invasive treatment (an alternative to open surgery) that blocks one or more blood vessels or abnormal vascular channels. Embolization procedures allow blockage of blood vessels without invasive surgery. Embolization can be used to stop arterial bleeding, and can also be used to block blood vessels for other reasons, such as to treat tumors, re-direct flow, or shrink vascular malformations, among others. Embolization is a very common and effective procedure in interventional radiology. Vascular embolization agents are used to stop flow in blood vessel or vascular area by the means of mechanical occlusion. High success rate, rare use of general anesthetics, faster recovery time, minimal risk of infection, and no scarring are some features of vascular embolization agents.

Market Statistics:

The global vascular embolization market was valued at US$ 1,509.1 Mn in 2021 and is forecast to reach a value of US$ 2,851.5 Mn by 2028 at a CAGR of 9.5%between 2022 and 2028.

North America held dominant position in the global vascular embolization market in 2020, accounting for 41.2% share in terms of volume, followed by Europe and Asia Pacific, respectively.

Figure 1. Global Vascular Embolization Market Share (%), by Region, 2021

Vascular Embolization  | Coherent Market Insights

Recent Developments:

In February 2021, Cook Medical launched Approach Authority 0.018 diameter Workhorse Microwire Guide in the United States and Canada intended for placement of balloon dilation catheters during percutaneous transluminal angioplasty and can be used for multiple purposes in same procedure.

In November 2020, Stryker completed the acquisition of a global company manufacturing medical devices and specialized in extremities and biologics, Wright Medical.

In August 2020, Stryker announced the launch of Surpass Evolve flow diverter following approval in the United States which is indicated in brain aneurysms.

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Vascular Embolization Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 1,509.1 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2028
Forecast Period 2022 to 2028 CAGR: 9.5% 2028 Value Projection: US$ 2,851.5 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Embolization Technique: Coiling Devices and Non-coiling Devices
  • By Application: Peripheral Vascular Disease, Oncology, Neurology, Urology, and Other Applications
Companies covered:

Shape Memory Medical Inc., Terumo Corp, Penumbra Inc., Abbott Laboratories, Stryker Corporation, Cook Medical, Medtronic PLC, Merit Medical Systems Inc., Johnson and Johnson (Cerenovus), and Boston Scientific Corporation, among others

Growth Drivers:
  • Increasing prevalence of vascular diseases
  • Advancements in embolization products and procedures
Restraints & Challenges:
  • Complications associated with embolization procedures
  • High costs associated with embolization procedures

Market Drivers:

  1. Increasing prevalence of vascular diseases across the globe is expected to propel the growth of the global vascular embolization market during the forecast period. Vascular disease is any condition that affects the network of blood vessels. They are common and can be serious. For instance, according to the World Health Organization (WHO), cardiovascular diseases (CVDs) are the leading cause of death globally, taking an estimated 17.9 million lives each year. This represents 35% of global deaths.
  2. Advancements in embolization products and procedures is expected to augment the growth of the global vascular embolization market over the forecast period. For instance, in July 2021, Terumo Medical Corporation announced the launch of its AZUR Vascular Plug, the first and only plug compatible with a micro-catheter to occlude arteries up to 8mm in diameter. The new addition to Terumo's robust embolization portfolio is indicated for use to reduce or block the rate of blood flow in arteries of the peripheral vasculature.

Figure 2. Global Vascular Embolization Market Share (%) in Terms of Value, by Embolization Technique, 2021

 Vascular Embolization  | Coherent Market Insights

Market Restraints:

  1. Complications associated with embolization procedures is expected to hinder growth of the global vascular embolization market. There is always a chance that an embolic agent can lodge in the wrong place and deprive normal tissue of its oxygen supply. There is a risk of infection after embolization, even if an antibiotic has been given. In patients with liver cancer that are treated using embolism develops, fever, pain in the right hypochondrium (region of abdomen), and a rise in transaminases as complications.
  2. High cost of embolization procedures is expected to hamper the growth of the global vascular embolization market. Although the procedure has numerous benefits, it is expensive, especially for the needful patients in developed/developing countries. The prevalence of vascular diseases is increasing globally. However, due to the higher costs of procedures, access to these facilities is prohibited in developing and underdeveloped countries.

Market Opportunities:

  1. Increasing preference for minimally invasive procedures is expected to provide significant growth opportunities for players in the market. For instance, according to the American College of Cardiology, in 2020, around 1.2 million angioplasties were performed in a year in the United States. Moreover, the high accessibility and affordability of hospitals, compared to the specialty clinics, are expected to attract a large patient population.
  2. Increase in demand for novel treatments is expected to offer lucrative growth opportunities for players in the market. For instance, in December 2020, Terumo Corporation launched WEB Embolization System, an intrasaccular aneurysm treatment device, in Japan to provide novel treatment options for brain aneurysm cases that were difficult to treat with currently approved methods. It is a first-of-its-kind intrasaccular flow disruptor device available in Japan.

Market Trends/Key Takeaways:

  1. Surge in usage of clot agents is expected to drive growth of the global vascular embolization market. For instance, in October 2020, Cerenovus, part of Johnson & Johnson Medical Devices Companies, announced the European launch of CERENOVUS NIMBUS, designed to remove tough clots for successful revascularization in patients with acute ischemic stroke caused by a large vessel occlusion. Cerenovus Nimbus is designed to remove tough clot.
  2. Rise in cases of automobile accidents across the globe is expected to augment growth of the global vascular embolization market. For instance, embolization provides expedited/minimally invasive control of bleeding with less disruption of normal tissues than surgery, and plays vital role in the non-operative management of many traumatic injuries, resulting in a decreased need for blood transfusion and improved survival. According to WHO, road traffic injuries are the leading cause of death, around 1.3 million people die each year as a result of road accidents.

Competitive Landscape:

  1. Medtronic PLC
  2. Cook Medical
  3. Stryker Corporation
  4. Boston Scientific Corporation
  5. Abbott Laboratories
  6. Johnson and Johnson (Cerenovus)
  7. Merit Medical Systems Inc.
  8. Penumbra Inc.
  9. Terumo Corp
  10. Shape Memory Medical Inc.

Vascular embolization refers to the passage and lodging of an embolus within the bloodstream. It is a minimally invasive treatment that blocks one or more blood vessels or abnormal vascular channels. Vascular embolization agents are used to acutely stop flow in blood vessel or vascular area by the means of mechanical occlusion. These agents are released into the blood through a catheter to biologically or mechanically occlude the target vessel; permanently or temporarily. High success rate, rare use of anesthetics, faster recovery time, minimal risk of infection, and no scarring are some features of vascular embolization agents. Embolization is a common and effective procedure in interventional radiology. It is an alternative to open surgery.

Market Dynamics:

Increasing number of clinical trials and increase in research and development is expected to augment the growth of the global vascular embolization market during the forecast period. For instance, in March 2021, Instylla Inc. reported the enrollment of the first patients in the pivotal Embrace Hydrogel Embolic System (HES) global randomized clinical trial for the treatment of hypervascular tumors.

In March 2022, Instylla announced the publication of results from the first-in-human clinical trial of Embrace Hydrogel Embolic System (HES) for the treatment of hypervascular tumors, in the Journal of Vascular and Interventional Radiology (JVIR). The study demonstrated that HES effectively embolized malignant & benign hypervascular tumors by blocking tumor blood supply with technical success and persistent embolization, as noted in imaging follow-up at 30-days, in all eight patients treated on this study.

Key features of the study:

  • This report provides in-depth analysis of the global vascular embolization market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022–2028), considering 2021 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the global vascular embolization market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
  • Key companies covered as a part of this study include Shape Memory Medical Inc., Terumo Corp, Abbott Laboratories, Stryker Corporation, Cook Medical, Medtronic PLC, Merit Medical Systems Inc., Penumbra Inc., Johnson and Johnson (Cerenovus), and Boston Scientific Corporation, among others.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
  • The global vascular embolization market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vascular embolization market.

Detailed Segmentation:

  • Global Vascular Embolization Market, By Embolization Technique:
    • Coiling Devices
    • Non-coiling Devices
  • Global Vascular Embolization Market, By Application:
    • Peripheral Vascular Disease
    • Oncology
    • Neurology
    • Urology
    • Other Applications
  • Global Vascular Embolization Market, By Geography:
    • North America
    • Europe
    • Asia-Pacific
    • South America
    • Middle East & Africa

Frequently Asked Questions

The global vascular embolization market size is estimated to be valued at US$ 1,651.9 Million in 2022 and is expected to exhibit a CAGR of 9.5% between 2022 and 2028.
Increasing prevalence of vascular diseases and advancements in embolization products and procedures are fueling the growth of the market.
Non-coiling Devices segment is the leading embolization technique segment in the market.
Complications associated with embolization and high costs associated with embolization are the major factors restraining growth of the market.
Major players operating in the market are Shape Memory Medical Inc., Terumo Corp, Penumbra Inc., Abbott Laboratories, Stryker Corporation, Cook Medical, Medtronic PLC, Merit Medical Systems Inc., Johnson and Johnson (Cerenovus), and Boston Scientific Corporation, among others.

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