Vascular Embolization Plugs and Coils Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Vascular Embolization Plugs and Coils Market Report Overview
The Vascular Embolization Plugs and Coils market size was valued at $1.47 billion in 2023. The market is expected to grow at a CAGR of more than 3% during 2023-2033. Vascular Embolization Plugs and Coils are used for occlusion of blood flow to abnormal areas of tissue by non-surgical methods.
Vascular Embolization Plugs and Coils Market Outlook, 2023-2033 ($ Billion)
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The Vascular Embolization Plugs and Coils market research report has been created to understand the market behavior, which will help identify quantitative market trends within the Cardiovascular Devices therapeutic area. The model discusses in detail the impact of COVID-19 on the Vascular Embolization Plugs and Coils market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies.
Market Size (2023) | $1.47 Billion |
CAGR (2023-2033) | >3% |
Forecast Period | 2023-2033 |
Historical Period | 2015-2022 |
Key Regions | · North America
· Europe · Asia Pacific · South Central America · Middle East and Africa |
Key Segments | · Detachable Vascular Embolization Coils
· Pushable Vascular Embolization Coils · Vascular Embolization Plugs |
Leading Companies | · Terumo Corp
· Boston Scientific Corp · Penumbra Inc · Medtronic Plc · Cook Medical Inc |
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Vascular Embolization Plugs and Coils Market Dynamics
The Vascular Embolization Plugs and Coils market will grow at a faster rate in economically developed countries due to increasing awareness during the forecast period. Better disease detection methods and advanced treatment methods will also facilitate growth in such economies. However, factors such as limited healthcare infrastructure and lack of awareness among the population may limit the growth of the market in focus in the coming years.
Vascular Embolization Plugs and Coils Market Segmentation by Regions
The key regions in the Vascular Embolization Plugs and Coils market are North America, Europe, Asia Pacific, South America, and the Middle East & Africa. In 2023, North America dominated the overall Vascular Embolization Plugs and Coils market. Factors such as reimbursement coverage, healthcare infrastructure, skilled professionals, and growing awareness among people will lead the North American embolization market.
Vascular Embolization Plugs and Coils Market Analysis, by Regions, 2023 (%)
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Vascular Embolization Plugs and Coils Market Segments
The key segments in the Vascular Embolization Plugs and Coils market are Detachable Vascular Embolization Coils, Pushable Vascular Embolization Coils, and Vascular Embolization Plugs. The Detachable Vascular Embolization Coils segment led the market in 2023. Detachable Vascular Embolization Coils are composed of platinum or platinum-tungsten alloy used for the mechanical embolization of the affected vessel. The detachable coils are loaded into the carrying catheter and then released out of the catheter by a mechanical, hydraulic, and electrical mechanism.
Vascular Embolization Plugs and Coils Market Analysis, by Segments 2023 (%)
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Vascular Embolization Plugs and Coils Market - Competitive Landscape
A few of the leading companies in the Vascular Embolization Plugs and Coils market are:
- Terumo Corp
- Boston Scientific Corp
- Penumbra Inc
- Medtronic Plc
- Cook Medical Inc
Terumo Corp dominated the market in 2023. It is followed by Medtronic Plc.
Vascular Embolization Plugs and Coils Market Analysis, by Companies 2023 (%)
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Segments Covered in the Report
Vascular Embolization Plugs and Coils Segments Outlook (Value, $ Billion, 2015-2033)
- Detachable Vascular Embolization Coils
- Pushable Vascular Embolization Coils
- Vascular Embolization Plugs
Vascular Embolization Plugs and Coils Regional Outlook (Value, $ Billion, 2015-2033)
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Key Inclusions
Currently marketed Vascular Embolization Plugs and Coils and evolving competitive landscape:
- Insightful review of the key industry trends.
- Annualized total Vascular Embolization Plugs and Coils market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights:
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Vascular Embolization Plugs and Coils market.
- Competitive dynamics insights and trends provided for the Vascular Embolization Plugs and Coils market.
Get an in-depth understanding of consumer behavior through the market access segment and the overview of the healthcare system. The report also offers information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, the report helps determine market trends through real-world data sources including government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Terumo Corp, Penumbra Inc, Medtronic Plc, Boston Scientific Corp, Cook Group Inc, Abbott Laboratories, and Others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This report provides:
- Insightful review of the key industry trends.
- Annualized total Vascular Embolization Plugs and Coils market revenue by segment and market outlooks.
- Market-level data on units, average selling prices, and market values.
- Global, regional, and country-level market-specific insights including qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Vascular Embolization Plugs and Coils market.
- Competitive dynamics insights and trends provided for the Vascular Embolization Plugs and Coils market.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Reasons to Buy
The model will enable you to:
- Understand the impact of COVID-19 on the Vascular Embolization Plugs and Coils market.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the Vascular Embolization Plugs and Coils market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Vascular Embolization Plugs and Coils market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
- Track device sales in the global and country-specific Vascular Embolization Plugs and Coils market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Boston Scientific Corp
Penumbra Inc
Medtronic Plc
Cook Group Inc
Abbott Laboratories
Others
Frequently asked questions
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What was the Vascular Embolization Plugs and Coils market size in 2023?
The Vascular Embolization Plugs and Coils market size was $1.47 billion in 2023.
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What will the Vascular Embolization Plugs and Coils market growth rate be during the forecast period?
The Vascular Embolization Plugs and Coils market is expected to grow at a CAGR of more than 3% during 2023-2033.
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Which region dominated the Vascular Embolization Plugs and Coils market?
North America dominated the overall Vascular Embolization Plugs and Coils market in 2023.
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Which segment led the Vascular Embolization Plugs and Coils market in 2023?
The Detachable Vascular Embolization Coils segment led the market in 2023.
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Which are the leading companies in the Vascular Embolization Plugs and Coils market?
A few of the leading companies in the Vascular Embolization Plugs and Coils market are Terumo Corp, Boston Scientific Corp, Penumbra Inc., Medtronic Plc, and Cook Medical Inc. among others.
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