Aneurysm Coiling and Embolization Devices Market Value and CAGR
Aneurysm Coiling and Embolization Devices are made up of a number of different parts, including a delivery system, coil(s), and an embolic agent. The delivery system is used to place the coil(s) into the aneurysm. The coil(s) serve as a barrier, cutting the aneurysm off from the blood supply. The embolic agent is used to fill any remaining space in the aneurysm, preventing blood from entering and rupturing it.
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The global market value for aneurysm coiling and embolization devices was $2.5 billion in 2018 and is expected to reach $3.8 billion by 2029, growing at a CAGR of 4.1% from 2019 to 2029. The rising prevalence of cerebrovascular diseases and the ageing population are major factors driving market growth.
Aneurysm Coiling and Embolization Devices Market Growth Drivers and Risks
Growth Engines:
Because of the ageing population and lifestyle factors such as smoking and high blood pressure, the incidence of brain aneurysms is increasing.
Technological advancements and product innovation have resulted in improved efficacy and safety of aneurysm coiling and embolization devices.
Risks:
Complications associated with catheter insertion, such as bleeding, infection, and blood vessel damage.
Coil or device migration can cause the device to move from its intended location, potentially causing blockages in other blood vessels.
Aneurysm Coiling and Embolization Devices Market Keyplayers
By Company
- Stryker Corporation
- Johnson & Johnson
- Medtronic
- Terumo
Aneurysm Coiling and Embolization Devices Market Segmentations
Segment by Type
- Embolic Coils
- Flow Diversion Devices
- Liquid Embolic Agents
Segment by Application
- Hospitals
- Clinics
- Ambulatory Surgical Units
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