LONDON--(BUSINESS WIRE)--The global embolization coil market size is expected to grow by USD 215.58 million as per Technavio. This marks a significant market growth compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. Steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 5%. Request Free Sample Report on COVID-19 Impacts
Read the 120-page report with TOC on "Embolization Coil Market Analysis Report by Application (Neurology, Oncology, Peripheral Vascular disease, Cardiology, and Others) and Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts, 2020-2024".
https://www.technavio.com/report/embolization-coil-market-industry-analysis
The market is driven by the high demand for detachable coils. In addition, technological advances are anticipated to boost the growth of the embolization coil market.
Detachable coils are gaining prominence among users as they are directly inserted into a blood vessel using microcatheters to treat fistulas and tumors. These coils offer several advantages, including precise coil control and stability, reliability, ease of use, instant deployment, and fewer complications. The demand for these coils is likely to proliferate due to higher efficacy, improved embolic volume filing, and less thrombus formation. As a result, the rising demand for detachable coils compared to conventional coils will contribute to the embolization coil market growth during the forecast period.
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Major Five Embolization Coil Companies:
Balt USA LLC
Balt USA LLC has business operations under two segments: hemorrhagic stroke and neurovascular access. The company offers Optima Coil system with liquid embolic agents.
Boston Scientific Corp.
Boston Scientific Corp. operates its business through four segments: MedSurg, rhythm and neuro, cardiovascular, and specialty pharmaceuticals. The company's key offerings include Interlock and IDC Detachable Embolization Coils.
Cook Group Inc.
Cook Group Inc. has business operations under various segments, such as medical devices, life sciences, services, property management, and resorts. The company's key offerings include Retracta Detachable Embolization Coil and MReye Embolization coil.
Cardinal Health Inc.
Cardinal Health Inc. operates its business through two segments: cardiology and endovascular. The company offers embolization coil for cardiovascular treatments.
Johnson & Johnson
Johnson & Johnson has business operations under three segments: consumer, pharmaceutical, and medical devices. The company's key offerings in the embolization oil market include CERENOVUS SPECTRA Family of Coils and DELTAPAQ Microcoil.
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Embolization Coil Application Outlook (Revenue, USD million, 2020-2024)
- Neurology
- Oncology
- Peripheral Vascular disease
- Cardiology
- Others
Embolization Coil Regional Outlook (Revenue, USD million, 2020-2024)
- North America
- Europe
- APAC
- South America
- MEA
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