Transcatheter Embolization and Occlusion Devices Market is Projected to be Worth US$ 5.4 Bn by 2026

Transcatheter Embolization and Occlusion Devices Market: Snapshot

The transcatheter embolization and occlusion (TEO) devices market has witnessed strong growth in the past few years due to the rising focus on innovation, resulting in higher product approvals and product launches globally. The market is also characterized by significant research and development leading to several technological innovations.

In terms of revenue, the global TEO devices market was valued at US$2.4 bn in 2015 and is projected to reach US$4.8 bn by 2024 at a CAGR of 7.9% therein. In terms of volume, the global market is anticipated to register a CAGR of 8.1% from 2016 to 2024.

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High Prevalence of Obesity Drives Use of TEO Devices in Treating Peripheral Vascular Diseases

Embolization coils are the leading products in the market, as these are one of the oldest embolization products available in the market. However, the embolization particles and flow diverter devices segments are expected to record a high CAGR during the forecast period.

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Based on application, the peripheral vascular disease segment dominates the transcatheter embolization and occlusion devices market. This segment is expected to continue its lead through 2024 due to a growing geriatric population, changing lifestyles leading to a high prevalence of obesity, and the rising demand for minimally-invasive procedures. However, the oncology segment is expected to record a high CAGR during the forecast period due to the rising prevalence of cancer across the globe.

By end use, the hospitals segment captured a considerable market share and is likely to remain a key segment in the transcatheter embolization and occlusion devices market, expanding at a high CAGR during the forecast period.

Request Report Brochure @https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2242According to the report, the global transcatheter embolization and occlusion devices market was valued at US$ 2.7 Bn in 2017 and is projected to expand at a CAGR of 7.9% from 2018 to 2026. Surge in incidence of cardiovascular diseases, respiratory disorders, and cancer are anticipated to drive demand for transcatheter embolization and occlusion devices during the forecast period. North America and Europe are projected to dominate the global transcatheter embolization and occlusion devices market owing to higher rate of adoption and awareness about transcatheter embolization and occlusion devices. Asia Pacific, Latin America, and Middle East & Africa are potential markets for transcatheter embolization and occlusion devices. The market in Asia Pacific is expected to expand at a CAGR of 8.8% from 2018 to 2026.

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