The global occlusion devices market size is expected to reach USD 4.62 Billion in 2028 and register a CAGR of 5.2% over the forecast period, according to the latest report by Reports and Data. Usage of occlusion devices to prevent blood clots effectively is set to drive market revenue growth. If blood clots are not prevented on time, these may lead to stroke. Also, occlusion devices are extensively used in various applications such as cardiology neurology, oncology and others.
Rising demand for occlusion devices from hospitals, diagnostic centers & surgical centers, and ambulatory care centers will enhance market growth during the forecast period. These devices are helpful in maintaining the proper function of a patient’s body after he/she has suffered from peripheral vascular diseases or other severe disorders.
Rising number of surgeries associated with cardiological and neurological disorders has increased demand for occlusion devices, which, in turn, would help the market to grow at a fast pace. Occlusion devices are nowadays being used in the field of oncology. Embolization helps to prevent blood flow to a tumor and minimizes blood loss at the time of surgeries.
However, high cost of these devices may hamper growth of the occlusion devices market in the upcoming years. Additionally, stringent government rules and regulations revolving around the launch of new occlusion devices and expensive nature of complex surgical procedures are also set to hinder market growth. Coupled with this, lack of advanced healthcare facilities in underdeveloped countries is anticipated to affect the occlusion devices market growth negatively in the near future.
Top Companies Profiled in the Report Include:
Braun Melsungen AG
Boston Scientific Corporation
Edwards Lifesciences Corporation
Johnson & Johnson
Merit Medical Systems
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The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.
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The report has gather vital information about recent mergers and acquisitions, joint ventures, collaborations, partnerships, brand promotions, R&D activities, and government and corporate deals, among others through extensive primary and secondary research. The report also offers detailed analysis of each competitor along with their financial standing, global market position, product portfolio, manufacturing and production capacity, and business expansion plans.
The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Occlusion Devices Market in these key regions.
Country-wise regional analysis covers:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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Additionally, the report consists a detailed analysis of the segmentation of the Occlusion Devices Market based on product types and end-use/application offered in the Occlusion Devices Market.
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- 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
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Diagnostic Centers & Surgical Centers
- Ambulatory Care Centers
- Research Laboratories & Academic Institutes
Application Outlook (Revenue, USD Billion; 2018-2028)
- Peripheral Vascular Diseases
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