Occlusion Devices Market accounted for over ~US$ 2.9 billion in 2019. It is anticipated to grow at a CAGR of 5.2% from 2020 to 2030.
The growth of the occlusion devices market can be attributed to several factors, such as the preference for minimally invasive procedures, growing economies, well-established healthcare settings and the prevalence of cardiovascular and other chronic diseases. Moreover, rising awareness among people regarding disease treatments, increasing health expenditure and the effectiveness of occlusion devices in preventing strokes have further added to the demand for occlusion devices in the treatment of health conditions worldwide. Furthermore, the efficiency and availability of specific occlusion devices to treat urological, neurological, and gynecological conditions, among others, are anticipated to drive growth of the occlusion devices market.
Major Key Players of the Occlusion Devices Market are:
Abbott, Cardinal Health, Boston Scientific Corporation, Medtronic, Edwards Lifesciences Corporation, BD, ASAHI INTECC CO., LTD., BVM Medical Limited, Acrostak Int., Cook, and others.
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Factors, such as the efficiency of occlusion devices, adoption of minimally invasive procedures, favorable reimbursement policies for implantation & surgical procedures and the adoption of image-guided instruments in medical procedures are driving the global occlusion devices market. Amplatzer Piccolo Occluder is a pea-sized, minimally invasive, percutaneous trans-catheter occlusion device used in the treatment of patent ductus arteriosus (PDA). It is a common congenital disorder that results in a life-threatening opening in the heart of premature infants and newborns. The FDA (Food and Drug Administration) approved Abbott’s Amplatzer Piccolo Occluder in January 2019. In March 2019, the device was first implanted in a premature baby with PDA at the Le Bonheur Children’s Hospital in Tennessee, United States.
The Occlusion Devices Market is segmented on the basis of Product, Applications and region.
Major Product of Occlusion Devices Market covered are:
- Embolization Devices
- Occlusion Removal Devices
- Tubal Occlusion Devices
- Support Devices
Major Applications of Occlusion Devices Market covered are:
- Cardiology
- Gynecology
- Neurology
- Oncology
- Peripheral Vascular Disease
- Urology
Asia Pacific is estimated to account for the highest CAGR in the occlusion devices market during the forecast period, owing to factors such as growing economies, the developing healthcare sector, adoption of new technologies for improved patient treatment, and high prevalence & rising incidents of cardiovascular diseases. North America dominated the global occlusion devices market in 2018 owing to favorable reimbursement policies for surgical procedures and implantations, growing healthcare expenditure, the increasing number of neurosurgeries, and extensive work in the area of interventional neurology, which will boost the occlusion devices market in this region.
Research objectives:-
– To study and analyze the global Occlusion Devices consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Occlusion Devices market by identifying its various sub-segments.
– Focuses on the key global Occlusion Devices manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Occlusion Devices with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecast Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- OCCLUSION DEVICES MARKET – ANALYSIS & FORECAST, BY PRODUCT
- Embolization Devices
- Occlusion Removal Devices
- Tubal Occlusion Devices
- Support Devices
- OCCLUSION DEVICES MARKET – ANALYSIS & FORECAST, BY END USER
- Ambulatory Care Centers (ACCS)
- Hospitals, Diagnostic Centers, and Surgical Centers
- Research Laboratories & Academic Institutes
- OCCLUSION DEVICES MARKET – ANALYSIS & FORECAST, BY APPLICATION
- Cardiology
- Gynecology
- Neurology
- Oncology
- Peripheral Vascular Disease
- Urology
- OCCLUSION DEVICES MARKET- ANALYSIS & FORECAST, BY REGION
- North America Occlusion Devices Market
- Europe Occlusion Devices Market
- Asia Pacific Occlusion Devices Market
- Rest of the World (ROW) Occlusion Devices Market
- COMPANY PROFILES (Business Overview, Products Offered, Financial Performance*, Recent Developments)
- Abbott
- Cardinal Health
- Boston Scientific Corporation
- Medtronic
- Edwards Lifesciences Corporation
- BD
- ASAHI INTECC CO., LTD.
- BVM Medical Limited
- Acrostak Int.
- Cook *Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain
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