Headline
Demineralized Whey Powder Market
Demineralized Whey Powder Market was valued at US$ 709.26 Million in 2023 and is expected to reach to US$ 1,068.30 Million by 2031; it is estimated to record a CAGR of 5.3% from 2023 to 2031
Low-speed Electric Vehicles Market
Low-speed Electric Vehicles Market was valued at US$ 5,110.98 Million in 2022 and is expected to reach to US$ 8,489.94 Million by 2030; it is estimated to record a CAGR of 5.5% from 2022 to 2030
Immersion Cooling for EV Batteries Market
Immersion Cooling for EV Batteries Market was valued at US$ 1.23 Million in 2022 and is expected to reach to US$ 156.90 Million by 2030; it is estimated to record a CAGR of 91.1% from 2026 to 2030
Umbilical Cord Blood Banking Market
Umbilical Cord Blood Banking Market was valued at US$ 3,413.32 Million in 2023 and is expected to reach to US$ 7,892.17 Million by 2031; it is estimated to record a CAGR of 11.0% from 2023 to 2031
Poultry Vaccines Market
Poultry Vaccines Market was valued at US$ 2.1 Billion in 2023 and is expected to reach to US$ 4.1 Billion by 2031; it is estimated to record a CAGR of 8.6% from 2023 to 2031
Steel Wire Rope Market
Steel Wire Rope Market was valued at US$ 9.54 Billion in 2023 and is expected to reach to US$ 13.59 Billion by 2031; it is estimated to record a CAGR of 4.5% from 2023 to 2031
Playout Automation & Channel-in-a-Box Market
Playout Automation & Channel-in-a-Box Market was valued at US$ 20.6 Billion in 2023 and is expected to reach to US$ 63.3 Billion by 2031; it is estimated to record a CAGR of 15.1% from 2023 to 2031
Machine Vision Lighting Market
Machine Vision Lighting Market was valued at US$ 1.59 Billion in 2022 and is expected to reach to US$ 2.88 Billion by 2030; it is estimated to record a CAGR of 7.7% from 2022 to 2030
Stomach Cancer Market
Stomach Cancer Market was valued at US$ 3,575.04 Million in 2022 and is expected to reach to US$ 10,751.42 Million by 2030; it is estimated to record a CAGR of 14.8% from 2022 to 2030

Peripheral Embolization Coils Market was valued at US$ 433.06 Million in 2023 and is expected to reach to US$ 613.96 Million by 2031; it is estimated to record a CAGR of 4.6% from 2023 to 2031

Peripheral Embolization Coils Market

Rise in Prevalence of Aortic Aneurysm Drives Peripheral Embolization Coils Market Growth

An aortic aneurysm is a bulging in the wall of the body’s major artery or aorta. According to the American Heart Association’s 2023 data, aortic aneurysms were the cause of 150,000 fatalities reported across the world in 2020, indicating a 26% rise from 2010. Smokers and women had greater rates of aneurysmal rupture. Currently, there are no effective medications to prevent the development of aortic aneurysms; the only treatment options are surgical or endovascular repair. Embolization agents are frequently used as substitutes for open surgeries, which are riskier and followed by longer recovery periods. Peripheral vascular embolization coils, cyanoacrylate or fibrin glue, gel foam, and Onyx are among the embolic devices that are commonly used to treat endoleaks from aortic aneurysms. Coiling is a suitable therapy option for peripheral aneurysms since it is less invasive than open surgical repair. Coils can also be used in elective settings to treat some congenital cardiac diseases, fistulas, aneurysms, and arterial side branch steal syndrome after coronary artery bypass grafting. Therefore, an upsurge in the prevalence of aortic aneurysms drives the growth of the peripheral embolization coils market.

Peripheral Embolization Coils Market: Regional Overview

Based on region, the peripheral embolization coils market is segmented into North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. In 2023, North America held the largest market share. An upsurge in the prevalence of colorectal cancer and trauma is a prime factor propelling market growth in this region. Colorectal cancer is the fourth most prevalent cancer in Mexico, with most cases reported after the age of 50, with a comparable distribution of cases in both genders. As a result, the number of new cases and rate of mortality have steadily climbed alongside the rising life expectancy.

The peripheral embolization coils market in Asia Pacific is expected to register the highest CAGR during the forecast period. Market growth in this region is ascribed to the continuously advancing healthcare infrastructure, and the significant incidence of abdominal aortic aneurysms, acute gastrointestinal bleeding (AGIB), and tumors in different European countries. According to an article published in BMC Public Health in April 2022, the disease burden of aortic aneurysms in China increased dramatically from 1990 to 2020, with greater mortality rates among men, elderly populations, and residents of western provinces. Varicose veins, a common condition, affect 30% of the Indian population, particularly women. Conditions can develop over time, resulting in complications such as bleeding, clotting, and ulceration that impact the quality of life of patients. Patients with varicose veins are highly susceptible to developing deep vein thrombosis because venous stasis and damage often result in superficial phlebitis, which can spread through perforating arteries and enter the deep venous system.

Peripheral Embolization Coils Market: Competitive Landscape and Key Developments

The peripheral embolization coils marketreport emphasizes prominent players operating in the market; these include Medtronic Plc, Penumbra Inc., Balt, Boston Scientific Corp, Cook Medical Holdings LLC, Wallaby Medical, Spartan Micro Inc., ZYLOX-TONBRIDGE MEDICAL TECHNOLOGY CO LTD., Terumo Corp, NeuroSafe Medical Co. Ltd. Market players focus on expanding and diversifying their businesses, and acquiring novel customer bases, which allows them to explore attractive business opportunities prevailing in the peripheral embolization coils market. As per company press releases, a few recent developments are as follows:  

• In January 2024, Zylox-Tonbridge Medical Technology Co., Ltd. received marketing approval for its ZYLOX Phoenix Peripheral Detachable Fibered Coil Embolization System from the National Medical Products Administration (NMPA). ZYLOX Phoenix is a proprietary medical device independently developed by the company for the minimally invasive interventional treatment of peripheral arterial embolism.

• In June 2022, Balt has opened a second office in France, this one in Paris central. The Paris office will house members of the sales, marketing, clinical affairs, finance, IT, legal, HR and communication teams.

• In April 2022, Wallaby Medical Holding, Inc. received approval from the National Medical Products Administration (NMPA) to market its Avenir Plus Coil System in China. The product was developed independently by Wallaby with the objective of safely and efficiently achieving a dense packing of aneurysms, isolating them from blood flow, and lowering the risk of future rupture or re-rupture. Smaller, softer coils included in the new Avenir Plus Coil System assist physicians in achieving such dense packing.

• In April 2022, Boston Scientific Corporation received US Food and Drug Administration (FDA) 510(k) clearance for the EMBOLD Fibered Detachable Coil, which is indicated to obstruct or reduce the rate of blood flow in the peripheral vasculature.

• In April 2022, Wallaby Medical announced the acquisition of phenox GmbH—including femtos GmbH (femtos), a Germany-based global innovation and technology leader in the neurovascular space. The acquisition has been one of the world’s largest cross-border transactions in the medical device industry in recent years. It would enable the combined company to leverage the broad geographic coverage and product portfolio of participant companies to become a global leader in providing a wide range of neurovascular technologies and solutions to its customers and patients in the US, China, Europe, Japan, and other international markets.

• In December 2021, Wallaby Medical with Japan Lifeline Co. Ltd., a publicly-listed medical device manufacturer and distributor with 48 sales offices across Japan, to bring Wallaby’s Japan PMDA approved Avenir Coil System to the Japanese market. Avenir is used in the intravascular embolization of intracranial aneurysms and other neurovascular malformations (such as arteriovenous malformations and arteriovenous fistulas), as well as arterial and venous embolization of peripheral blood vessels.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top