The Global Embolization Coil Market is Forecast to Grow by up to 5%, 2019-2023 - ResearchAndMarkets.com

DUBLIN--()--The "Global Embolization Coil Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

Analysts have predicted that the embolization coil market will register a CAGR of almost 5% by 2023.
Many governments are promoting the usage of the embolization coil through state-led initiatives and regulatory approval support by introducing favorable reimbursement policies. In the U.S, the government bodies such as the Medicare and Medicaid provide reimbursements for healthcare under the diagnostic-related group (DRG) and ambulatory payment classification (APC) payments. Physicians are reimbursed through the current procedural terminology (CPT) code for both inpatient and outpatient procedures. Most government and private organization policies cover around 75% of the cost of devices and treatment care. Nowadays, even developing economies such as China and India are also introducing reimbursement policies for the embolization coil. Thus, leading to an increase in procedures and simultaneously demanding for the use of advanced embolization coil.

Market Overview

Increasing incidence of aneurysms

Among the various types of aneurysm, aortic aneurysm and cerebral aneurysm are the most common types of aneurysm affecting the population globally. The brain aneurysm, which is caused due to a bulge of the blood vessel, is the most prevalent aneurysm among people aged 35-40 years. The prevalence rate for an aneurysm is more among smokers and patients with high blood pressure, high cholesterol, arterial defect, and aortic dissection conditions. Therefore, due to increasing incidences of aneurysm, disease diagnosis at an early stage and regular monitoring of patients are essential for identifying, treating, controlling, and limiting disease prevalence. The demand for therapeutic devices such as embolization coil to block the blood flow and prevent aneurysm from rupturing is expected to drive the market growth.

Complications associated with the use of embolization coils

Complications with embolization coils occur due to migration of coil, misplacement of coils, incomplete retrieval of the coil, coil stretching, limited coil length range, and non-target embolization. A few complications that are associated with the use of embolization coil include aneurysmal perforation and rupture, parent artery occlusion, cerebral embolism, coil migration neurological deficits such as stroke and death, and puncture site hematoma. Complications may also arise due to the functioning of the embolization coil due to mechanical failures. Regulatory bodies continue to receive reports related to device malfunction during embolization procedures. Considering all these factors, complications associated with the use of embolization coil may hamper the market growth.

Competitive Landscape

The market appears to be moderately fragmented. The presence of several companies, including Boston Scientific Corp. and Cook Group Inc. makes the competitive environment quite intense. Factors such as the increasing incidence of aneurysms and the availability of favorable reimbursement coverage will provide considerable growth opportunities to the embolization coil manufacturers.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Preface
  • Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY DEPLOYMENT TYPE

  • Market segmentation by deployment type
  • Comparison by deployment type
  • Detachable coil - Market size and forecast 2018-2023
  • Pushable coil - Market size and forecast 2018-2023
  • Market opportunity by deployment type

PART 07: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Neurology - Market size and forecast 2018-2023
  • Oncology - Market size and forecast 2018-2023
  • Peripheral vascular disease - Market size and forecast 2018-2023
  • Cardiology - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • Asia - Market size and forecast 2018-2023
  • ROW - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Technological advances
  • Market expansion in emerging economies
  • Implementation of organic and inorganic strategies by market players

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Boston Scientific Corp.
  • Cook Group, Inc.
  • Johnson & Johnson Services Inc.
  • Medtronic
  • Stryker Corp.
  • Terumo Corp.

PART 15: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

     

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Related Topics: Neurology Devices

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Neurology Devices