Global Embolization Market Demand For Minimal Invasive Surgery Drives The Growth

Author : Acumen Research and Consulting

The best available alternative for treating Aneurysms and the most minimally invasive procedure is offered by Embolization coil. Furthermore, procedures such as hysterectomies, myomectomies and tumor and vascular anomaly excisions are far more invasive that embolization particle which is why it serves as a better alternative for them. In place of surgical clipping, endovascular coiling is a better option as it is minimally invasive and additionally reduces the duration of the procedure, complications and recovery time.

Segmentation of the global embolization coil market can be done by differentiating the deployment type which is further classified into detachable and pushable embolization coils; and applications. Between the two deployment types, the pushable coil market share has been over 50%.

Recent times have brought a lot of awareness among the patients. In addition to which, the latest technologies and their success rates have pushed the demand for this procedure which is minimally invasive, over and above the traditional treatments. It is estimated that the global embolization coil market will grow at a significant rate of 4.7% over the period of 2016 to 2023, reaching a market value of $1.0 billion.

Even though, the pushable coil market held a market share of over 50% in 2015, certain disadvantages attached to it cannot be ignored especially considering detachable coils are higher in precision and provide better safety; owing to which their market is expected to exceed the pushable coils market in the mentioned forecast period. Pushable coils’ adoption rate has been slowing down due to the deployment challenges related to it including difficulty in mobility once deployed, possibility of getting jammed in catheter and also the possibility of being stuck during sharp curves of the blood vessels to name a few.

Following points explain more about the embolization coil market:

  • In 2015, the North American embolization coil market dominated with a share of 42% given the advanced medical facilities in the region. It is estimated that the market will maintain its share in the forecast period.
  • Asia- Pacific market is projected to become the fastest growing embolization coil market with roughly a 5% CAGR between the period of 2016 and 2023.
  • Some of the significant players of this market include Cook Medical, Sirtex, Terumo Corporation, Stryker Medtronic and Boston Scientific.

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