Transcatheter Embolization and Occlusion Devices Market Size and Share, Trends and Growth to 2022: Hexa Reports

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Transcatheter Embolization and Occlusion Devices Market
Share, Size, Trends and Growth, By Product Analysis,
Application and Segment Forecasts To 2022

The global transcatheter embolization and occlusion devices market is expected to reach over USD 4.75
billion by 2022, according to a new study by Grand View Research, Inc. Key drivers of the market include
increasing adoption of minimally invasive surgeries and rising prevalence of cancer.
According to the National Cancer Institute at the National Institute of Health (NIH), around 1,658,370
new cancer cases will be diagnosed and around 589,430 people will die in 2015 in the U.S. alone. Taking
into account the increasing prevalence of cancer, the global TEO devices market is anticipated to grow at
a significant growth rate of 10.1% during the forecast period.
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In addition, growth of use of embolization technique as a treatment for conditions other than cancer
such as vascular malformations and fibrosis is fueling the demand for TEO devices globally. Furthermore,
continuous introduction of technically advanced products with enhanced efficiency is also supporting
global market growth.
On the other hand, high cost, stringent regulatory approval procedures, and requirement of experienced

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healthcare professionals to perform TEO procedures are some of the factors that impede market
Further key findings from the study suggest:
Coils accounted for the largest market share in 2014. Availability of a broad range of coils in various
shapes and sizes enables suitable product selection for a variety of cases, making coiling a preferred
treatment for embolization. Moreover affordability of the commercially available devices spurs demand
for coiling in...