Embolotherapy Market

September 2019 •
336 pages •
Report ID: 5842918 •
Format: PDF

Summary
Table of contents

Embolotherapy Market Research Report: By Product (Embolic Agents, Support Devices), Procedure (Transcatheter Arterial Embolization, Transarterial Radioembolization/Selective Internal Radiation Therapy, Transarterial Chemoembolization), Indication (Cancer, Peripheral Vascular Diseases, Neurological Diseases, Urological and Nephrological Disorders, Gastrointestinal Disorders), End-User (Hospitals and Clinics, ASCs), Geographical Outlook (U.S., Canada, Germany, France, U.K., Italy, Spain, China, Japan, India, South Korea, Singapore, Brazil, Mexico, Saudi Arabia, South Africa) - Global Industry Analysis and Forecast to 2024

In 2018, the global embolotherapy market generated a revenue of $3.0 billion and is expected to attain $4.8 billion by 2024, advancing at an 8.0% CAGR during the forecast period (2019–2024). In terms of product, embolic agents are projected to account for the larger share of the market and register the faster growth during the forecast period. The reason for this is the rising adoption of these agents for several interventional radiology procedures.
On the basis of procedure, transcatheter arterial embolization (TAE) is predicted to advance at the fastest pace in the embolotherapy market during the forecast period. This is because the TAE procedure has better toxicity profile as compared to other procedures, namely transarterial radioembolization/selective internal radiation therapy and transarterial chemoembolization. When indication is taken into consideration, cancer accounted for the major share of the market in 2018 due to the rising number of cases, especially liver and kidney cancers.
A key factor contributing to the growth of the embolotherapy market is the rising patient pool. The increasing adoption of embolic procedures for managing several diseases is occurring due to the growing patient pool and surging healthcare spending. Moreover, the patients diagnosed at advanced and intermediate stages do not respond to curative therapies, including liver transplantation, ablation, and surgical reaction. Hence, the surging pool of patients, who are at an advanced stage of different life-threatening diseases, need embolotherapy intervention, which is resulting in the growth of the market.
Geographically, North America is predicted of account for approximately 40.0% of the embolotherapy market in 2024 due to the increasing cases of chronic diseases and surging geriatric population. In the U.S., the population aged 65 years and above is predicted to increase to about 24% (98 million) by 2060 from 15% (46 million) in 2016. Other regions, including Asia-Pacific (APAC), Latin America (LATAM), Europe, and Middle East and Africa (MEA), are also expected to hold considerable shares of the market because of the increasing prevalence of cancer and neurological and peripheral vascular diseases in the regions.
In the European region, Germany is projected to lead the embolotherapy market throughout the forecast period because of the increasing healthcare expenditure, rising awareness regarding preventive care, growing adoption of advanced healthcare techniques, and presence of established players. China is expected to hold the largest market share in the APAC region during the forecast period due to the growing demand for minimally invasive procedures and positive reimbursement scenario.
The players operating in the embolotherapy market are launching different products in order to increase their shares. For example, Medtronic Plc launched Concerto 3D detachable coil system in Ireland and OptiSphere embolization spheres in the U.S. Some of the key players in the market are Terumo Corporation, Stryker Corporation, Sirtex Medical Limited, Meril Life Sciences Pvt. Ltd., Merit Medical Systems, Kaneka Corporation, Cook Medical Inc., Johnson & Johnson, Boston Scientific Corporation, Balt Extrusion, BTG Plc, Acandis GmbH, and Medtronic Plc.

Ahmad helps you find the right report:

+1 718 618 4302
Contact by email

FAQ

Testimonials

The market research advisor answered my questions quickly and professionally. ReportBuyer's team did their best to ensure that I felt comfortable before making the investment to purchase the report.

Cristian Nunez

Director of Corporate Development Chugach Alaska Corporation

My overall experience with ReportBuyer today has been very positive, and I must thank you for your patience (...). Also, the sample you sent me and the explanations provided were very helpful.

D. Lescuyer

Executive Vice President Oral Business at Skyepharma

The research specialist was very helpful, and proposed the best content for my needs. ReportBuyer also offered a great follow-up, thanks for everything !

P. Thompson

EMEA Managing Director

We were satisfied with the support that ReportBuyer's team provided. Thanks to their recommendations, the report we purchased provided exactly what we want.

Y. Wang

Business Analyst

We didn't have time to do the research internally, and thanks to ReportBuyer's team we were able to find the appropriate data.

S. Chen

Research Coordinator

I was impressed by the customer service: it was fast, responsive, and 100% professional !

D. Krivan

Market Research Analyst

The research specialist provided prompt and helpful service. He also followed up to ensure I had all the information to deliver my business development plan.

C. Adams

Senior Business Development Manager

Embolotherapy Market

Our reports have been used by over 10K customers, including:

Related reports and data

Topics related to Healthcare

Parent Industry