“Global Occlusion Devices Market by Manufacturers, Countries, Type and Application, Forecast to 2023 Report “Provides In-Depth Analysis of Parent Market Trends, Macro-Economic Indicators and Governing Factors Along With Market Attractiveness as Per Segments. Global occlusion devices market is expected to grow at a CAGR of 6.1% during the forecast period.
MarketResearchFuture.com adds “Occlusion Devices Market – 2018 Global Analysis, Growth, Trends and Opportunities Research Report forecasting to 2023” reports to its database.
Synopsis of the Global Occlusion Devices Market:
Occlusion in medical term means the blockage or closing of a blood vessel or hollow organ. There are different occlusion devices used to treat different cardiovascular defects, neurological defects, retinal defects, and others.
The global occlusion devices market is mainly driven by the high prevalence of heart-related diseases and huge demand for diagnosis and treatment methods. Additionally, the increasing availability of diagnostic services for various chronic diseases also fuels the growth of the market. Moreover, favorable reimbursement policies are likely to boost the market growth.
Many private and government insurance organizations are present in developed countries. Over 50 private insurance companies are present in the U.S. The policies cover more than 75% of the cost of the devices and treatment. For instance, under the Medicare Plan in the U.S., if the average cost of the occlusion device is approximately USD 8,000, then USD 6,000 is reimbursed. Additionally, in developed countries such as the U.K., Canada, Germany, and others, similar reimbursement policies are available. On the other hand, alternative treatment methods for chronic diseases and the limited adoption rate may hamper the market growth during the forecast period.
Some of the key players in this market are Abbott Laboratories (U.S.), Acrostak, Angiodynamics, Asahi Intecc, Avinger, Cardinal Health, Cook Group, Edwards Lifesciences, Penumbra, Stryker Corporation, Terumo Corporation, B. Braun Melsungen AG (Germany), Terumo Corporation (Japan), Medtronic plc (Ireland), MicroPort Scientific Corporation (China), Meril Life Sciences Pvt. Ltd. (India), Vascular Concepts (India), and Translumina GmbH (Germany), Boston Scientific Corporation (U.S.), Biosensors International Group, Ltd. (Singapore), Kyoto Medical Planning Co. Ltd. (Japan), Elixir Medical Corporation (U.S.), and others.
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The Americas dominates the global occlusion devices market owing to the increasing prevalence of heart diseases and retinal diseases and the presence of a well-developed healthcare sector within the region. Moreover, the increasing healthcare expenditure and the presence of key players within regional boundaries provide a favorable background for the market growth.
Europe is the second largest in the global occlusion devices market. Factors such as the increasing availability of funds for research and a huge patient population followed by a well-developed healthcare sector drive the market within the region.
Asia Pacific is estimated to be the fastest growing market for occlusion devices. This can be attributed to the presence of developing economies such as India and China and the increasing patient population. Moreover, the increasing healthcare expenditure and a rapidly developing healthcare sector boost the market growth within the region.
On the other hand, the Middle East and Africa has the least share in the global occlusion devices market due to the low per capita healthcare expenditure and stringent government policies, especially within the African region. It is estimated that the Middle East holds a majority of the market within the Middle Eastern and African region.
The global occlusion devices market is segmented on the basis of product, application, and end-user. On the basis of product, the market is segmented into embolization devices, occlusion removal devices, and support devices. The embolization devices market is sub-segmented into liquid embolic agents and tubal occlusion devices. Occlusion removal devices are sub-segmented into balloon occlusion devices, stent retrievers, coil retrievers, and suction and aspiration devices. The support devices market is sub-segmented into microcatheters and guidewires. On the basis of application, the market is segmented into neurology, cardiology, peripheral vascular diseases, urology, oncology, gynecology, and others. On the basis of end-user, the market is segmented into hospitals and clinics, diagnostic centers, surgical centers, ambulatory care centers, and others.
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What makes our report unique?
1) An extensive research study on the Global Occlusion Devices market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Occlusion Devices market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
Major TOC of Global Occlusion Devices Market:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
…CONTINUED FOR TOC
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