Embolization Agents In-depth analysis and Growth of Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Press
Release - 05 Feb 2018
Global
Research and Development News
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Report
Description-
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Embolization
agents are used to acutely stop the flow in a blood vessel or
vascular territory by the means of mechanical occlusion. Embolization
is a common procedure in interventional radiology. Traumatic injuries
is the first common application of embolization techniques. Numerous
embolic agents are available, each one with different properties and
uses. The selection of agent depends on the clinical application; for
example, trauma, vascular malformations, male infertility, tumors,
and impotence. Embolization agents are classified into temporary
agents and permanent agents depending on the period of time for which
vascular occlusion is required.
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Factors
such as new product approval, growing prevalence of chronic diseases
(such as cancer and vascular diseases), unmet needs, increasing
health care expenditure, and rising number of road accidents leading
to trauma would drive the embolization agents market in the next few
years. The global health care industry expanded by 6.9% to reach US$
1.68 Trn in 2016, with the industry in Asia Pacific registering a
double-digit growth rate. Increasing number of clinical trials,
rising number of pipeline products, and technological advancements
are other factors augmenting the embolization agents market. Rapid
evolution of the microcatheter technology has led to development of
numerous embolic agents that are compatible with microcatheters. A
growing number of embolic agents are designed specifically for use
with the microcatheter technology. On the other hand, unfavorable
reimbursement scenario and stringent government regulations are key
factors that may hamper the global embolization agents market during
the forecast period.
The embolization agents market has been segmented
based on product, application, end-user, and geography. In terms of
product, the market has been classified into permanent large-vessel
occluders, permanent small-vessel occluders, temporary large-vessel
occluders, and temporary small-vessel occluders. The permanent
large-vessel occluders segment has been sub-classified into coils,
balloons, amplatz vascular plugs, guidewires, silk suture material,
porcine submucosa, and amplatz vascular obstruction devices. The
permanent small-vessel occluders segment has been sub-divided into
liquid sclerosants, liquid adhesives, ethiodol, thrombin, and
ethylene–vinyl alcohol copolymer. The temporary large-vessel
occluders segment has been sub-classified into gel foam sponges and
autologous clots. The temporary small-vessel occlusions segment has
been sub-divided into gel foam powder starch microspheres and
fibrillated collagen. In terms of application, the embolization
agents market has been classified into trauma, chemoembolization,
tumors, and vascular malformations. In terms of end-user, the market
has been segmented into hospitals, clinics, radiology centers, and
ambulatory surgery centers.
Geographically, the global embolization agents
market has been classified into North America, Latin America, Europe,
Asia Pacific, and Middle East & Africa. North America dominates
the global embolization agents market due to advanced health care
infrastructure, high health care spending, and presence of a large
number of cancer patients in the region. According to Cancer
Statistics 2016, pancreatic cancer is expected to exceed breast
cancer to become the third leading cause of cancer-related deaths in
the U.S. Factors such as growing geriatric population and increasing
number of surgical procedures make Europe the second-largest market
for embolization agents. According to the Lancet Commission on Global
Surgery, about 15,000 surgical procedures per 100,000 people are
performed in the U.K. every year. The market in the Asia Pacific
region is expected to expand at a higher rate during the forecast
period, due to rising health care expenditure, favorable government
initiatives, boom in the economy, developing health care
infrastructure, rising prevalence of chronic diseases, growing
awareness among people, and increasing R&D activities in the
region. In Southeast Asia, the private health care expenditure is
higher compared to the government expenditure.
Major players operating in the global embolization
agents market are Boston Scientific Corporation, Stryker Corporation,
Penumbra, Inc., Terumo Corporation, Medtronic Public Limited, Pfizer
Inc., St. Jude Medical, LLC, and Cook Medical.
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
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Clear Details get Table of Contents
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