Global Occlusion Devices Market is expected to reach USD 2.56 Billion by 2025 from USD 3.85 Billion in 2017 growing at a CAGR of 5.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2017, the base year of calculation is 2017 and the forecast period is 2018 to 2025
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Global Occlusion Devices Market, By Product (Occlusion Removal Devices, Embolization Devices, Tubal Occlusion Devices, Support Devices), By Application (Cardiology, Peripheral Vascular Disease, Neurology, Urology, Oncology, Gynecology), By End Users (Hospitals, Diagnostic Centers, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
The global occlusion devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of occlusion devices system market for global, Europe, North America, Asia Pacific and South America.
Major Market competitors/players:
- Terumo Corporation,
- Medtronic, Inc.,
- Boston Scientific Corporation,
- Stryker Corporation,
- Cordis Corporation,
- DePuy Synthes;
- Jude Medical,
- Cook Medical,
- Sirtex medical,
- Cardinal Health,
- Asahi Intecc,
- R. Bard,
- Cook Group,
- among others.
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Major Market Drivers and Restraints:
- Increasing target patient population base.
- Reimbursement scenario for minimally invasive surgeries
- Rise in minimally invasive vascular surgeries
- Limitations associated with chronic total occlusion treatment
- Strict regulatory framework for product commercialization
- Downward pricing pressure owing to its commodity nature
Market Segmentation: Global Occlusion Devices Market
- The occlusion devices market is segmented into product, application and end users.
- Based on product, the market is segmented into occlusion removal devices, embolization devices, tubal occlusion devices, support devices. Occlusion removal device is further segmented into balloon occlusion devices, stent retrievers, coil retrievers, suction & aspiration devices. Embolization devices are further sub-segmented into embolic coils, liquid embolic agents. Support devices segment is further sub-segmented into micro catheters and guidewires.
- Based on application, the market is segmented into cardiology, peripheral vascular disease, neurology, urology, oncology, gynecology and others.
- Based on end users, the market is segmented hospitals, diagnostic centers, and ambulatory care centers, research laboratories & academic institutes.
- Based on geography the occlusion devices market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others
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