The Global Occlusion Devices Market is projected to be worth USD 4,378.5 Million by 2027, according to a current analysis by Emergen Research. The occlusion devices market is observing high demand attributed to the rising incidence of neurological devices. Several million individuals throughout the world are suffering from neurological disorders, and over 6 million individuals die yearly on account of stroke, with over 80.0% of the deaths occurring in low and middle-income regions. A common application of neurological embolization devices (occlusion devices) is the aneurysm coil embolization procedure, which is deployed in the treatment of brain aneurysms. Brain aneurysms embolization deploys imaging guidance to put small metallic coils into the aneurysm to prevent the blood flow and stop the bursting of the aneurysm.
The growing demand for minimally invasive surgeries is essential in fueling the occlusion devices demand. Occlusion devices, such as embolization devices are used in minimally invasive treatment for blocking atypical vascular channels or blood vessels. In the case of a catheter embolization process, embolic agents are administered in the blood vessel via a catheter to avert blood flow to the target area.
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The leading market contenders listed in the report are:
Boston Scientific, Medtronic PLC, Abbott Laboratories, B. Braun Melsungen, Stryker Corporation, Acrostak AG, Cook Group, Terumo Corporation, Cardinal Health, Becton, Dickinson, and Company
Some Key Highlights from the Report
- In July 2019, Orchestra BioMed Inc. made an announcement about the signing of a strategic collaboration agreement with Terumo Corporation to develop and commercialize the Virtue Sirolimus-Eluting Balloon.
- Stent retrievers are a groundbreaking innovation in transforming severe stroke treatment. Annually, over 690,000 individuals in America suffer from a stroke caused by a clot or ischemia.
- Urethral occlusive devices are gaining significant traction in the market, due to their benefits in preventing involuntary urine loss as a part of palliative measures.
- The occlusion devices market in the Asia Pacific is estimated to witness the fastest growth rate in the period 2020-2027, due to the growing burden of chronic diseases and growing inclination for early heart disorder diagnosis and treatment. Also, shifting lifestyles, surging environmental pollution, and harmful chemical exposure are crucial factors in driving product demand.
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Emergen Research has segmented the global occlusion devices market on the basis of product type, application, end-users, and region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Occlusion Removal Devices
- Balloon Occlusion Devices
- Stent Retrievers
- Coil Retrievers
- Suction & Aspiration Devices
- Embolization Devices
- Embolic Coils
- Liquid Embolic Agents
- Tubal Occlusion Devices
- Support Devices
- Microcatheters
- Guidewires
Application Outlook (Revenue, USD Billion; 2017-2027)
- Neurology
- Cardiology
- Peripheral Vascular Diseases
- Urology
- Oncology
- Others
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End Users Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals
- Diagnostics Centers
- Ambulatory Surgical Centers
- Research Institutes
- Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
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Table of Contents
- Executive Summary
- Research Methodology
- Market Overview
- Regional Landscape
- Global Market Analysis and Forecast by Types
- Global Market Analysis and Forecast by Applications
- Global Market Analysis and Forecast by Regions
- North America Market Analysis and Forecast
- Europe Market Analysis and Forecast
- Asia Pacific Market Analysis and Forecast
- Latin America Market Analysis and Forecast
- Middle East & Africa Market Analysis and Forecast
- Competitive Landscape
In conclusion, the Occlusion Devices Market report is an exhaustive database that will help readers formulate lucrative strategies. The Occlusion Devices Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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