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The global embolization particle market is witnessing significant growth driven by factors such as advancements in technology, increasing prevalence of target diseases, and the rising demand for minimally invasive procedures.
Rising Prevalence of Target Diseases to Boost Market Growth
The incidence of conditions such as liver cancer, uterine fibroids, and peripheral vascular diseases is on the rise globally. These diseases often require effective treatments such as embolization, which blocks blood flow to tumors or abnormal tissues, thereby preventing their growth and spread. Moreover, the rising global cancer rates are significantly contributing to the demand for several embolization therapies involving the use of embolization particles. Such a scenario is anticipated to propel the market growth.
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According to data published by the American Cancer Society, Inc., 41,630 were projected to occur in the U.S., witnessing significant growth as compared to 2023.
Limited Awareness and Acceptance of Embolization Procedures May Hamper the Market Growth
Despite the increasing demand for embolization particles in various medical applications, awareness about embolization procedures is still limited among patients and some healthcare providers in a few regions. Moreover, the hesitation to adopt new treatment methods over traditional approaches can restrict market penetration. Such a scenario is anticipated to hamper the market growth.
Innovations in Embolization Particle May Spur Market Expansion
Recent innovations in embolization particle materials, such as drug-eluting beads (DEBs) and microspheres, have enhanced the precision and effectiveness of these treatments. DEBs allow for localized drug delivery directly to tumors, improving treatment outcomes while minimizing damage to surrounding healthy tissues. Such advancements are transforming treatment approaches and expanding the range of applications for embolization techniques, which is anticipated to contribute to market growth in the near future.
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By Application |
By End-user |
By Geography |
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· North America (U.S. and Canada) · Europe (U.K., Germany, France, Spain, Italy, Scandinavia, and the Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia Pacific) · Latin America (Brazil, Mexico, and the Rest of Latin America) · Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa) |
The report covers the following key insights:
Based on type, the market is fragmented into radioembolization spheres, microspheres, drug eluting beads (DEBs), and others.
The microspheres segment is expected to hold a major share of the global market. The segment growth can be attributed to the ability of microspheres to enhance treatment outcomes in various medical procedures, making them a preferred choice among clinicians. Moreover, these types of particles are commonly employed in Tran’s arterial chemoembolization (TACE) for liver tumors. Additionally, the microspheres offer better flow properties and ease of delivery through injection procedures.
Based on application, the market is divided into uterine fibroid embolization (UFE), tumor treatment, hemorrhage, and others.
The tumor treatment segment is expected to hold a substantial share of the global market. The segment's growth can be attributed to the high burden of liver tumors, which is propelling the demand for embolization particles. Moreover, this is expected to increase the focus of key players on launching embolization particles for tumor treatment, contributing to the segment growth.
By end-user, the market is subdivided into hospitals, specialty clinics, and others.
The hospitals segment is projected to account for a major market share during the projection period. The growth is mainly attributed to the increasing number of hospitals worldwide, which may support the embolization procedures involving the use of embolization particles, propelling the segment growth.
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Based on region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounted for the largest share of the global embolization particle market in 2023. The regional growth is attributed to the increasing cases of hemorrhage across the region's key countries, which is projected to drive the demand for embolization particles.
Europe is the second-largest market based on the demand for embolization particle products. The growth is attributed to the well-established healthcare infrastructure in the key countries of the region. Moreover, the presence of prominent players in the region, contributing to high penetration of embolization particles, is also expected to boost the regional market growth.
The Asia Pacific is expected to grow at the highest CAGR during the forecast period. The regional growth can be attributed to the rising number of traumas and OPD cases in the region, which may surge the demand for embolization particles to control the bleeding. This is anticipated to boost the regional market expansion over the forthcoming years.
The global embolization particle market is fragmented, with many companies offering various products.
The report includes the profiles of the following key players:
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