Global Embolization Coils Market- Market Overview:

The global embolization coils market is expected to grow from USD 943.6 million in 2022 to USD 1415.7 million by 2030, at a CAGR of 5.2% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the rising demand for embolization coils due to increasing cases of cardiovascular diseases.

A coil is used to treat brain and cardiac aneurysms as well as other blood-related conditions. This is an alternative to surgical embolization which involves cutting off the blood supply to the tumour. This drug is used in a variety of diseases, including liver cancer, kidney cancer, aortic artery disorders, neuroendocrine tumours, and peripheral vascular disorders. Global embolization coils market growth will be driven by factors such as increased life expectancy, improved healthcare access in emerging economies, and chronic disease prevalence. A growing number of neurosurgeons and medical specialists are becoming aware of the importance of peripheral embolization devices. Embolization coils are also increasing in response to the increasing demand for embolization devices. Due to this factor, the embolization coils market will grow, as research and development activities play an important role in the revenue growth of the market participants. Identifying, treating, controlling, and limiting disease prevalence requires early diagnosis of aneurysms and regular monitoring of patients, because the incidence of these diseases is increasing. Hence, the demand for therapeutic devices such as embolization coils to block the blood flow and prevent aneurysms from rupturing is expected to drive market growth.

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Market Dynamics:

Drivers:                          

• Rising demand for embolization coils

Technology advances and developments in embolization coils may satisfy the demand of end users, including hospitals, ambulatory surgery centres, clinics, and diagnostic centres. The development of 3D embolization coils, miniaturized coils, hydrocoils, and embolization coils with integrated deployment mechanisms has been enabled by technological advancements in the global coil embolization market.

Restraints:                                             

• Lack of trained professionals

For the embolization coils market, the major challenge is the lack of trained professionals. Patients are becoming conscious about the professionals who are least experienced and prefer experienced professionals in order to reduce the chances of failures during the procedures, which is hampering the growth of the market.

Opportunities:

• Rising cardiovascular diseases

Due to the growing prevalence of aneurysms, early disease detection and ongoing patient monitoring are essential for diagnosing, treating, limiting, and controlling the disease. Therefore, it is anticipated that the need for therapeutic devices, such as embolization coils that block blood flow and stop aneurysms from rupturing, will propel the market growth.

Challenges:

• Complications associated with the embolization coils

There are several complications associated with embolization coils, including migration, misplacing of coils, incomplete retrieval, coil stretching, limiting coil length range, and non-target embolization. Embolization coils can result in aneurysmal perforation and rupture, parent artery occlusion, cerebral embolism, coil migration neurological deficits, stroke and death, and puncture site hematoma, among others.

Segmentation Analysis:

The global embolization coils market has been segmented based on type, application, and region.

By Type

The type segment includes pushable coil and detachable coil. The pushable coil segment led the largest share of the embolization coils market with a market share of around 58% in 2022. There was a dominant position for pushable coils in the market, which are commonly used in interventional radiology. However, the pushable coil segment is expected to be constrained during the Projection period because of drawbacks such as the inability to be moved and incompatibility with catheters that might cause the coils to become irretrievably jammed.

By Application

The application segment includes urology, cardiology, oncology, neurology, and others. The neurology segment led the largest share of the embolization coils market with a market share of around 31% in 2022. During the next few years, embolization coils are expected to grow significantly in the neurology application category, according to the market Projection for embolization coils. The use of embolization coils in neurology is often for the treatment of cerebrovascular disorders like aneurysms, arteriovenous malformations, and arteriovenous fistulas, which can put brain blood vessels at risk of rupture, resulting in strokes and brain damage if left untreated.

By Material

The material segment includes platinum tungsten alloy, platinum and platinum & hydrogel. The platinum tungsten alloy segment led the largest share of the embolization coils market with a market share of around 39% in 2022. An excellent strain material for noble metals is platinum-tungsten alloy. PtW8 and PtW9.5 are common alloys with high tensile strength, resistivity, and resistance strain sensitivity, as well as low temperature coefficient of resistance and excellent oxidation resistance.

Global Embolization Coils Market- Sales Analysis.

The sale of embolization coils expanded at a CAGR of 4.9% from 2016 to 2022.

A number of factors, including rising earnings and an increased prevalence of chronic illnesses, are predicted to lead to a rise in global healthcare expenditures in the next few years. As more individuals have access to and are able to afford healthcare services, the market for medical devices, especially embolization coils, is expected to grow.

Embolization coil market growth is driven by the prevalence of cerebrovascular diseases, such as cerebral aneurysms and arteriovenous malformations, as well as the adoption of minimally invasive procedures. Further development of embolization coils and associated technologies is also expected to boost the market for embolization coils.

Thus, owing to the aforementioned factors, the global embolization coils market is expected to grow at a CAGR of 5.2% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the embolization coils market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the embolization coils market and held a 38.3% share of the market revenue in 2022.

• The North American region witnessed a major share. In North America, the market is predicted to grow due to the rising prevalence of cerebrovascular illnesses, the popularity of minimally invasive procedures, and the rising costs of healthcare. The rising burden of chronic diseases in North America will increase healthcare spending in the future. These factors are expected to fuel demand for regional embolization coils. North American demand for embolization coils as well as other medical equipment used in these operations is expected to increase as minimally invasive techniques are increasingly used to diagnose cerebrovascular illnesses.
• Asia Pacific is anticipated to experience significant growth during the predicted period. As a result of an increase in the success rate of endovascular coiling for treating aneurysms, a paradigm shift has occurred from clipping to coiling in brain aneurysms. As coils are available in multiple shapes and sizes, coiling is the best method for embolizing because it allows the best product selection for the embolization technique and is inexpensive.

Global Embolization Coils Market - Country Analysis:

• Germany

Germany's embolization coils market size was valued at USD 70.77 million in 2022 and is expected to reach USD 106.9 million by 2030, at a CAGR of 5.3% from 2023 to 2030.

It is predicted that the embolization coils market will grow in the coming years due to the increasing use of embolization coils in embolotherapy to treat endovascular diseases, traumatic injuries, cerebrovascular malformations, venous malformations, arteriovenous malformations, and pediatric vascular conditions, boosting the market growth in the country.

• China

China’s embolization coils market size was valued at USD 73.6 million in 2022 and is expected to reach USD 113.8 million by 2030, at a CAGR of 5.6% from 2023 to 2030.

Embolization coils market growth is being driven by increasing vascular disease prevalence, technological advancements in embolization products and procedures, research and development activities, and minimally invasive procedures, all these factors are boosting the market growth of the country.

• India

India's embolization coils market size was valued at USD 56.6 million in 2022 and is expected to reach USD 86.8 million by 2030, at a CAGR of 5.5% from 2023 to 2030.

As minimally invasive procedures are increasingly used to treat neurological illnesses, embolization coils and other medical equipment will see an increase in demand. In comparison to traditional surgery, minimally invasive techniques provide a number of advantages, including faster recovery and fewer complications, boosting the demand for embolization coils.

Key Industry Players Analysis:  

To increase their market position in the global embolization coils market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• Cook Medical LLC
• Boston Scientific Corporation
• KANEKA CORPORATION
• Penumbra, Inc.
• Shape Memory Medical INC
• Johnson & Johnson Services, Inc.
• Terumo Corporation
• Stryker Corporation
• MicroPort Scientific Corporation
• Medtronic plc
• DePuy Synthes
• Cordis Corporation
• Sirtex

Latest Development:

• In July 2021, With the introduction of the AZUR Vascular Plug, Terumo Medical Corporation (TMC) introduced the first plug that can obstruct up to 8mm in diameter arteries with a microcatheter. This new addition to Terumo's robust embolization portfolio can be used to reduce blood flow in peripheral vasculature arteries.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	5.2%
Market Size	943.6 million in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Type, By Application, By Material, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Cook Medical LLC, Boston Scientific Corporation, KANEKA CORPORATION, Penumbra, Inc., Shape Memory Medical INC, Johnson & Johnson Services, Inc., Terumo Corporation, Stryker Corporation, MicroPort Scientific Corporation, Medtronic plc, DePuy Synthes, Cordis Corporation, and Sirtex.
By Type	Pushable Coil Detachable Coil
By Application	Urology Cardiology Oncology Neurology Others
By Material	Platinum Tungsten Alloy Platinum and Platinum Hydrogel
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Embolization Coils Market by Type:

• Pushable Coil
• Detachable Coil

Global Embolization Coils Market by Application:

• Urology
• Cardiology
• Oncology
• Neurology
• Others

Global Embolization Coils Market by Material:

• Platinum Tungsten Alloy
• Platinum and Platinum
• Hydrogel

Global Embolization Coils Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- Democracy is the cornerstone of the current government system, which sustains the embolization coils industry's operations. A democratic political system that stimulates initiative and free trade can give the embolization coils market financial independence. Pressure groups can have an impact on the corporate climate by gaining strong media partners. These groups are putting pressure on these organizations by launching marketing campaigns and protests. Because these pressure groups can influence government policy, which can impact the overall business climate, the embolization coils market must keep a watch on them.

Economic Factors- Capital accumulation and the production of goods and services are made possible by the efficiency of the financial market and general economic growth, which have a strong positive relationship. To rapidly build financial and human capital, embolization coils business must choose countries with extremely efficient financial markets. The finance system's effectiveness can keep the embolization coils market one step ahead of its competitors. When considering whether to expand worldwide, the embolization coils market should consider the rates of economic growth in the various countries. Countries with high economic growth rates have more opportunities to achieve long-term growth goals.

Social Factors- When the embolization coils market's products/services are largely aimed at young consumers, there are two favorable demographic indicators: rapid population growth and an increasing share of the young population group. Because a welcoming attitude toward immigrants from diverse cultural origins indicates that diversity management measures should be used, the embolization coils market should consider the host country's perspective on immigration. embolization coils marketers must change their marketing strategies in order to encourage diversity and inclusion. A favourable view of migration also demonstrates how people of many cultural origins can easily find work in the embolization coils market. Workplace diversity is often connected with higher output, improved innovation, and improved overall business performance.

Technological Factors-The trend in research and development in the chosen industry or field demonstrates how forward-thinking businesses are in commercialising cutting-edge discoveries. The embolization coils market must understand how new technology breakthroughs can benefit the industry and provide benefits to customers. A significant investment in research and development would be necessary in markets characterised by disruptive technology. However, the embolization coils industry must maintain a long-term view and avoid expecting a quick return on R&D spending.

Environmental Factors- The application of the closed-loop, circular economy concept is becoming more popular in a variety of countries and industries. Material recycling and reuse can be facilitated in industries that benefit from encouraging institutional arrangements. Similarly, recycling is a popular activity all across the world. These sustainability trends could help the embolization coils market sell items while also serving as a tool to reach financial goals by cutting production costs and environmental expenses.

Legal Factors- Several federal and state laws are in existence in several countries to protect consumers from potential economic exploitation. In the age of digital technology, consumer privacy laws have become more stringent. embolization coils market resources To avoid lawsuits, businesses must scrupulously adhere to data privacy rules when making online transactions. Before entering new markets, market supplies for embolization coils must examine local regulations governing refunds, discounts, credit terms, quality, fraudulent advertising, and maximum pricing (particularly in the case of basic essential goods).

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Type
     • 3.2. Market Attractiveness Analysis By Application
     • 3.3. Market Attractiveness Analysis By Material
     • 3.4. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Rising demand for embolization coils
   • 3. Restraints
     • 3.1. Lack of trained professionals
   • 4. Opportunities
     • 4.1. Rising cardiovascular diseases
   • 5. Challenges
     • 5.1. Complications associated with the embolization coils

6. Global Embolization Coils Market Analysis and Projection, By Type
   • 1. Segment Overview
   • 2. Pushable Coil
   • 3. Detachable Coil
7. Global Embolization Coils Market Analysis and Projection, By Application
   • 1. Segment Overview
   • 2. Urology
   • 3. Cardiology
   • 4. Oncology
   • 5. Neurology
   • 6. Others
8. Global Embolization Coils Market Analysis and Projection, By Material
   • 1. Segment Overview
   • 2. Platinum Tungsten Alloy
   • 3. Platinum and Platinum
   • 4. Hydrogel
9. Global Embolization Coils Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

10. Global Embolization Coils Market-Competitive Landscape
    • Overview
    • Market Share of Key Players in the Embolization Coils Market
      • 2.1. Global Company Market Share
      • 2.2. North America Company Market Share
      • 2.3. Europe Company Market Share
      • 2.4. APAC Company Market Share
    • Competitive Situations and Trends
      • 3.1. Technology Launches and Developments
      • 3.2. Partnerships, Collaborations, and Agreements
      • 3.3. Mergers & Acquisitions
      • 3.4. Expansions

11. Company Profiles
    • Cook Medical LLC
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Boston Scientific Corporation
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • KANEKA CORPORATION
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Penumbra, Inc.
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Shape Memory Medical INC
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Johnson & Johnson Services, Inc.
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Terumo Corporation
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Stryker Corporation
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • MicroPort Scientific Corporation
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • Medtronic plc
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • DePuy Synthes
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Cordis Corporation
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Sirtex
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

1. Global Embolization Coils Market, By Type, 2023–2030 (USD Million)
2. Global Pushable Coil, Embolization Coils Market, By Region, 2023–2030 (USD Million)
3. Global Detachable Coil, Embolization Coils Market, By Region, 2023–2030 (USD Million)
4. Global Embolization Coils Market, By Application 2023–2030 (USD Million)
5. Global Urology, Embolization Coils Market, By Region, 2023–2030 (USD Million)
6. Global Cardiology, Embolization Coils Market, By Region, 2023–2030 (USD Million)
7. Global Oncology, Embolization Coils Market, By Region, 2023–2030 (USD Million)
8. Global Neurology, Embolization Coils Market, By Region, 2023–2030 (USD Million)
9. Global Others, Embolization Coils Market, By Region, 2023–2030 (USD Million)
10. Global Embolization Coils Market, By Material, 2023–2030 (USD Million)
11. Global Platinum Tungsten Alloy, Embolization Coils Market, By Region, 2023–2030 (USD Million)
12. Global Platinum and Platinum, Embolization Coils Market, By Region, 2023–2030 (USD Million)
13. Global Hydrogel, Embolization Coils Market, By Region, 2023–2030 (USD Million)
14. Global Embolization Coils Market, By Region, 2023–2030 (USD Million)
15. North America Embolization Coils Market, By Type, 2023–2030 (USD Million)
16. North America Embolization Coils Market, By Application, 2023–2030 (USD Million)
17. North America Embolization Coils Market, By Material,2023–2030 (USD Million)
18. USA Embolization Coils Market, By Type, 2023–2030 (USD Million)
19. USA Embolization Coils Market, By Application, 2023–2030 (USD Million)
20. USA Embolization Coils Market, By Material,2023–2030 (USD Million)
21. Canada Embolization Coils Market, By Type, 2023–2030 (USD Million)
22. Canada Embolization Coils Market, By Application, 2023–2030 (USD Million)
23. Canada Embolization Coils Market, By Material,2023–2030 (USD Million)
24. Mexico Embolization Coils Market, By Type, 2023–2030 (USD Million)
25. Mexico Embolization Coils Market, By Application, 2023–2030 (USD Million)
26. Mexico Embolization Coils Market, By Material, 2023–2030 (USD Million)
27. Europe Embolization Coils Market, By Type, 2023–2030 (USD Million)
28. Europe Embolization Coils Market, By Application, 2023–2030 (USD Million)
29. Europe Embolization Coils Market, By Material, 2023–2030 (USD Million)
30. Germany Embolization Coils Market, By Type, 2023–2030 (USD Million)
31. Germany Embolization Coils Market, By Application, 2023–2030 (USD Million)
32. Germany Embolization Coils Market, By Material, 2023–2030 (USD Million)
33. France Embolization Coils Market, By Type, 2023–2030 (USD Million)
34. France Embolization Coils Market, By Application, 2023–2030 (USD Million)
35. France Embolization Coils Market, By Material, 2023–2030 (USD Million)
36. UK Embolization Coils Market, By Type, 2023–2030 (USD Million)
37. UK Embolization Coils Market, By Application, 2023–2030 (USD Million)
38. UK Embolization Coils Market, By Material, 2023–2030 (USD Million)
39. Italy Embolization Coils Market, By Type, 2023–2030 (USD Million)
40. Italy Embolization Coils Market, By Application, 2023–2030 (USD Million)
41. Italy Embolization Coils Market, By Material, 2023–2030 (USD Million)
42. Spain Embolization Coils Market, By Type, 2023–2030 (USD Million)
43. Spain Embolization Coils Market, By Application, 2023–2030 (USD Million)
44. Spain Embolization Coils Market, By Material, 2023–2030 (USD Million)
45. Asia Pacific Embolization Coils Market, By Type, 2023–2030 (USD Million)
46. Asia Pacific Embolization Coils Market, By Application, 2023–2030 (USD Million)
47. Asia Pacific Embolization Coils Market, By Material, 2023–2030 (USD Million)
48. Japan Embolization Coils Market, By Type, 2023–2030 (USD Million)
49. Japan Embolization Coils Market, By Application, 2023–2030 (USD Million)
50. Japan Embolization Coils Market, By Material, 2023–2030 (USD Million)
51. China Embolization Coils Market, By Type, 2023–2030 (USD Million)
52. China Embolization Coils Market, By Application, 2023–2030 (USD Million)
53. China Embolization Coils Market, By Material,2023–2030 (USD Million)
54. India Embolization Coils Market, By Type, 2023–2030 (USD Million)
55. India Embolization Coils Market, By Application, 2023–2030 (USD Million)
56. India Embolization Coils Market, By Material, 2023–2030 (USD Million)
57. South America Embolization Coils Market, By Type, 2023–2030 (USD Million)
58. South America Embolization Coils Market, By Application, 2023–2030 (USD Million)
59. South America Embolization Coils Market, By Material, 2023–2030 (USD Million)
60. Brazil Embolization Coils Market, By Type, 2023–2030 (USD Million)
61. Brazil Embolization Coils Market, By Application, 2023–2030 (USD Million)
62. Brazil Embolization Coils Market, By Material, 2023–2030 (USD Million)
63. Middle East and Africa Embolization Coils Market, By Type, 2023–2030 (USD Million)
64. Middle East and Africa Embolization Coils Market, By Application, 2023–2030 (USD Million)
65. Middle East and Africa Embolization Coils Market, By Material, 2023–2030 (USD Million)
66. UAE Embolization Coils Market, By Type, 2023–2030 (USD Million)
67. UAE Embolization Coils Market, By Application, 2023–2030 (USD Million)
68. UAE Embolization Coils Market, By Material, 2023–2030 (USD Million)
69. South Africa Embolization Coils Market, By Type, 2023–2030 (USD Million)
70. South Africa Embolization Coils Market, By Application, 2023–2030 (USD Million)
71. South Africa Embolization Coils Market, By Material, 2023–2030 (USD Million)

List of Figures 

1. Global Embolization Coils Market Segmentation
2. Embolization Coils Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Embolization Coils Market Attractiveness Analysis By Type
9. Global Embolization Coils Market Attractiveness Analysis By Application
10. Global Embolization Coils Market Attractiveness Analysis By Material
11. Global Embolization Coils Market Attractiveness Analysis By Region
12. Global Embolization Coils Market: Dynamics
13. Global Embolization Coils Market Share By Type (2023 & 2030)
14. Global Embolization Coils Market Share By Application (2023 & 2030)
15. Global Embolization Coils Market Share By Material (2023 & 2030)
16. Global Embolization Coils Market Share by Regions (2023 & 2030)
17. Global Embolization Coils Market Share by Company (2021)