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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Transcatheter Embolization And Occlusion Devices Market
Request Now !Transcatheter embolization and occlusion devices provide an insertion or a passage made up of a synthetic embolus inserted in the body with the use of a catheter on a targeted body part. Transcatheter embolization is a minimally invasive procedure that is carried out during interventional radiology for the restriction of the supply of blood to tumors. Sometimes, synthetic substances are used to coat with chemotherapeutic drugs to perform simultaneous actions of blood supply blockage along with inducing cytotoxicity to finding several ways for attacking tumors. Additionally, the procedures also help to prevent or control abnormal bleeding and eliminate abnormal connections among the veins and arteries. It also helps in the treatment of aneurysms. Furthermore, transcatheter embolization is very efficient without being intrusive for controlling the bleeding as differentiated by the surgical procedures which are open and invasive.
COVID-19 scenario analysis:
Transcatheter has been growing on a large scale in the past few years. Shifts from clipping to coiling have restored the demand for transcatheter devices; rise in the acceptance of techniques are observed that use transcatheter embolization and occlusion devices; and sustaining minimally surgeries along with the non-coil products, such as the liquid embolic and embolization particles, are the major factors propelling the growth of the transcatheter embolization and occlusion devices market.
Transcatheter embolization and occlusion devices help in the development of catheter entrapment, vague distribution, and deflation of balloon coupled with coiling, which affect the adoption of non-coil devices due to the advantages related to the device. Therefore, this aids the growth of the transcatheter embolization and occlusion devices market.
Furthermore, there have also been new regulations and initiatives by governments and FDA for the betterment of healthcare facilities that drive the growth of the transcatheter embolization and occlusion devices market. On the other hand, expensive products, strict regulations, prolonged approval procedures, and lack of skilled officials are the major challenges of the transcatheter embolization and occlusion devices market.
On October 5th, 2017, Roxwood Medical was acquired was BTG plc, which helps in patients treated for peripheral artery and coronary diseases. On October 2nd, 2017, Aparna Medical Inc. was acquired by Boston Scientific Corporation, which helped in atrial fibrillation treatment. On January 20th, 2017, Megadyne Medical Products, Inc. was acquired by Ethicon Endo-Surgery, Inc., a subsidiary of Johnson and Johnson involved in the manufacture, development, and marketing of electrosurgical tools.
Hospitals, ambulatory surgical centers, and clinics are the major consumers of the transcatheter embolization and occlusion devices market. Amongst them, hospitals are the biggest end-users in the market. This is due to the rise in hospitals, which have multiple devices and link up the healthcare sectors for the betterment of this segment. Additionally, the patient’s choice is shifting toward hospitals due to the upgrades in technology and improvement of the healthcare segments. Moreover, the rise in population and improvement in the healthcare support & infrastructure affect the growth of the market.
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Transcatheter Embolization and Occlusion Devices Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Report Highlights
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Key Market Players | Boston Scientific Corporation, Cook Medical, DePuy Synthes, St. Jude Medical, Terumo Corporation, Medtronic, Inc., Stryker Corporation, Sirtex Medical, Nordian, Cordis Corporation |
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