Pune, India -- (SBWIRE) -- 03/06/2019 -- According to a new market research study titled Embolization Coils Market to 2027 – Global Analysis and Forecasts by Type, Material, Application and End User. The global embolization coils market is expected to reach US$ 1,131.24 Mn in 2025 from US$ 784.60 Mn in 2017. The market is estimated to grow with a CAGR of 4.8% from 2018-2025. The market is expected to grow due to rising numbers of the minimally invasive procedure and others, however, the high costs of the embolization is likely to hinder the market growth. Neurology segment is expected to drive the growth of the global embolization coils market by application.

The major players operating in the embolization coils market, Boston Scientific Corporation, Cook, Terumo Corporation, Stryker, Medtronic, EndoShape, Inc, Balt USA LLC, Penumbra, Inc., Three Rivers Medical, Inc, and DePuy Synthes.

Global embolization coils market, based on material was segmented into platinum, platinum tungsten alloy and platinum & hydrogel. In 2018, platinum segment held the largest share of the market, by filling material. This segment is also expected to dominate the market in 2027, owing to the properties of the material for the making the embolization coils. Furthermore, the segment is also anticipated to witness the fastest growth rate during the forecast period, 2018 to 2027.

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Embolization coils are used to treat brain aneurysms and cardiac aneurysm and others blood related conditions. This is used as an alternative to surgery embolization to cut the supply of blood to the tumor. It is used to treat various type of diseases such as liver cancer, kidney cancer, aortic artery disorders, neuroendocrine tumors, and peripheral vascular diseases and others. The market for the embolization coils market is expected to grow significantly due to the rising demand for the minimally invasive procedures.

Driving factors such as, increase in the demand for minimally invasive procedures, rise in the prevalence of the cardiac aneurysm, and growing aging population & rise in associated chronic diseases are expected to boost the market growth over the years. However, high cost of embolization coils and numerous product recalls are likely to have a negative impact on the growth of the market in the coming years. Growing ageing & rise in associated chronic diseases are likely to grow market significantly. For instance as per the report of American College of Cardiology Foundation, in 2018, coronary heart disease (CHD) was the leading cause of deaths attributable to cardiovascular disease (CVD) in the US, which is followed by stroke (16.8%), high BP (9.4%), heart failure (HF) (9.0%), and other CVDs (17.9%). By 2035, approximately 130 million adults in the US population are projected to have some form of CVD. Thus, increasing geriatric population and related chronic diseases are expected to drive the sales of embolization coils. Hence, owing to the above mentioned factors the market for the embolization coils market are likely to grow in the forecast period.

Global embolization coils market, based on material was segmented into platinum, platinum tungsten alloy and platinum & hydrogel. In 2018, platinum segment held the largest share of the market, by filling material. This segment is also expected to dominate the market in 2027, owing to the properties of the material for the making the embolization coils. Furthermore, the segment is also anticipated to witness the fastest growth rate during the forecast period, 2018 to 2027.

Driving factors such as, increase in the demand for minimally invasive procedures, rise in the prevalence of the cardiac aneurysm, and growing aging population & rise in associated chronic diseases are expected to boost the market growth over the years. However, high cost of embolization coils and numerous product recalls are likely to have a negative impact on the growth of the market in the coming years. Growing ageing & rise in associated chronic diseases are likely to grow market significantly.

For instance as per the report of American College of Cardiology Foundation, in 2018, coronary heart disease (CHD) was the leading cause of deaths attributable to cardiovascular disease (CVD) in the US, which is followed by stroke (16.8%), high BP (9.4%), heart failure (HF) (9.0%), and other CVDs (17.9%). By 2035, approximately 130 million adults in the US population are projected to have some form of CVD. Thus, increasing geriatric population and related chronic diseases are expected to drive the sales of embolization coils. Hence, owing to the above mentioned factors the market for the embolization coils market are likely to grow in the forecast period.

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Global embolization coils market, based on application was segmented as, neurology, oncology, urology, peripheral vascular disease and cardiology and others. In 2017, neurology segment held the largest share of the market, by application. However, the cardiology segment is expected to grow at the fastest rate during the coming years attributing the rising prevalence of the aortic artery conditions. Some of the major primary and secondary sources included in the report for the embolization coils market are Association of Population-Based Cancer Registries, Canadian Cardiovascular Society, Society Of American American College of Cardiology Foundation, British Heart Foundation, Medical Journals, and others.

Market leaders are involved in activities such as, obtaining approvals to serve a better customer base. For instance, In March, 2018, BALT USA, LLC has received 510(k) clearance for the Optima Coil System and completion of first clinical cases in the United States. The Optima Coil System consists of a state-of-the art coil, a novel pusher and an instantaneous thermal detachment system. Also, during February, 2018, Three Rivers Medical, Inc. received CE Mark (Conformité Européenne) for its Rio Embolization Coil System and has successfully treated its first ten patients.

The report segments the global embolization coils market as follows:

Global Embolization Coils Market – By Type
o Detachable Coils
o Pushable Coils

Global Embolization Coils Market – By Material
o Platinum
o Platinum Tungsten Alloy
o Platinum & Hydrogel

Global Embolization Coils Market – By Application
o Neurology
o Oncology
o Urology
o Cardiology
o Peripheral Vascular Disease
o Others

Global Embolization Coils Market – By End User
o Hospitals
o Ambulatory Surgical Centers
o Cardiac Centers

Global Embolization Coils Market – By Geography

- North America
o U.S
o Canada
o Mexico

- Europe
o France
o Germany
o U.K

- Asia Pacific
o China
o India
o Japan

- Middle East & Africa
o Saudi Arabia
o UAE
o South Africa

- South & Central America
o Brazil

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4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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