12-Jul-2019 | Zion Market Research
Zion Market Research has published a new report titled “Occlusion Devices Market by Product (Occlusion Removal Devices, Embolization Devices, and Support Devices,), by End-User (Hospitals and Clinics, Surgical Centers, Diagnostic Centers, Ambulatory Care Centers, and Others), and by Application (Neurology, Gynecology, Cardiology, Urology, Peripheral Vascular Diseases, Oncology, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global occlusion devices market was approximately USD 2,357 million in 2018 and is expected to generate around USD 3,372 million by 2025, at a CAGR of around 5.27% between 2019 and 2025.
Occlusion devices are commonly used in cardiology for correcting the conditions caused by blood flow blockages in coronary arteries. In terms of medical expression, occlusion means a closed blood vessel or hollow organ. The global occlusion devices market is growing at a rapid pace in the global healthcare market due to the increasing prevalence of heart-related issues, such as cardiology and peripheral vascular disease, and a huge demand for diagnostic treatment and procedures. Additionally, favorable compensation policies, increasing availability of medical reimbursements for occlusion devices, and accessibility of clinical support for efficiency and safety of occlusion methods are some other factors driving the global occlusion devices market. Moreover, the growing accessibility of diagnostic services for different chronic diseases, continuous product launches by key manufacturers, rising adoption of minimally-invasive surgical procedures, and technological advancements are also important aspects contributing to the occlusion devices market across the globe. However, procedural limitations related to CTO treatments, a strict regulatory framework for product commercialization, and lack of skilled surgeons may limit the global occlusion devices market. Alternatively, increasing government initiative for developing healthcare infrastructure in emerging markets is likely to provide ample growth opportunities for the occlusion devices market.
Browse the full “Occlusion Devices Market by Product (Occlusion Removal Devices, Embolization Devices, and Support Devices,), by End-User (Hospitals and Clinics, Surgical Centers, Diagnostic Centers, Ambulatory Care Centers, and Others), and by Application (Neurology, Gynecology, Cardiology, Urology, Peripheral Vascular Diseases, Oncology, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/occlusion-devices-market
The global occlusion devices market is fragmented on the basis of product, end user, and application. The product segment includes embolization devices, support devices, and occlusion removal devices. Occlusion removal devices are further divided into balloon occlusion devices, suction and aspiration devices, stent retrievers, and coil retrievers. Embolization devices are sub-categorized into liquid embolic agents and tubal occlusion devices. Furthermore, support devices are bifurcated into microcatheters and guidewires. Occlusion removal devices are expected to dominate the global occlusion devices market in terms of revenue, owing to the increasing research and development activities, growing patient preference for minimally-invasive surgeries, and rising target patient population.
Based on end-user, the market is categorized into hospitals and clinics, surgical centers, diagnostic centers, ambulatory care centers, and others. Surgical centers and hospitals and clinics accounted for the largest shares and dominated the market in 2018, due to the increasing purchasing power of major end-users in developed countries, growing adoption of minimally-invasive surgical procedures, and availability of favorable reimbursements policies.
By application, the market includes neurology, gynecology, cardiology, urology, peripheral vascular disease, oncology, and others. The neurology segment is dominating the market with the largest revenue share, due to the increasing number of neurosurgical procedures in developed countries and rising research activities in the field of interventional neurology.
North America dominates the global occlusion devices market with the largest revenue share, due to the growing regional healthcare investments, increasing patient population suffering from chronic diseases, and the easy availability of occlusion devices across this region. Europe held the second largest market share for occlusion devices globally in 2018, due to the increasing healthcare expenditure and the growing emphasis on the early diagnosis of chronic diseases. The Asia Pacific occlusion devices market is likely to be the fastest growing region and register the highest CAGR over the forecast time period.
Some key players operating in the global occlusion devices market are Abbott Laboratories, AngioDynamics, Cardinal Health, Avinger, Asahi Intecc, Edwards Lifesciences, Stryker Corporation, Penumbra, Cook Group, B. Braun Melsungen, Medtronic, Terumo Corporation, Terumo Corporation, Meril Life Sciences, Biosensors International, MicroPort Scientific, Elixir Medical, Kyoto Medical Planning, and Boston Scientific.
This report segments the global occlusion devices market into:
Global Occlusion Devices Market: By Product
Global Occlusion Devices Market: By End-User
Global Occlusion Devices Market: By Application
Global Occlusion Devices Market: By Region
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