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Occlusion Devices Market by Product, Application, End User - Global Forecast to 2023

Occlusion Devices Market: Global Forecast until 2023

  • April 2018
  • 157 pages
  • ID: 5382302
In this report:
In 2018, the hospitals, diagnostic centers, and surgical centers segment is expected to account for the largest share of ##.##% of the North American occlusion devices market.
In 2018, the hospitals, diagnostic centers, and surgical centers segment is expected to account for the largest share of ##.##% of the Asia Pacific occlusion devices market.

Summary

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The occlusion devices market forecasted to grow at a CAGR (Compound annual growth rate) of 5.30 percent.

The overall occlusion devices market is estimated to grow ~$3.5B by 2023 from ~$2.7B in 2018, at a compound annual growth rate (CAGR) of 5.30 percent. Increase in target patient population, technological improvements, favorable reimbursement scenario for minimally invasive surgeries, and the availability of clinical evidence for the safety and efficacy of occlusion procedures are some of the factors responsible for the rise of this market. Nevertheless, procedural limitations combined with CTO treatments and stringent regulatory frameworks for product commercialization are anticipated to limit the optimal adoption of occlusion devices during the outlook period.

The occlusion removal devices segment is poised to be the quickest-increasing during the forecast period.

On the basis of product, the occlusion devices market is divided into occlusion removal devices (balloon occlusion devices, stent retrievers, coil retrievers, and suction and aspiration devices), embolization devices (embolic coils and liquid embolic agents), tubal occlusion devices, and support catheters (microcatheters and guidewires).The occlusion removal devices segment is anticipated to grow at the highest CAGR (Compound annual growth rate) during the estimate period.

This increase can be connected to the growing number of research studies to evaluate the clinical efficacy of occlusion devices, ongoing technological advancements, and increasing availability of innovative occlusion devices across main healthcare sectors.

Asia-Pac is projected to register the maximum growth rate during the outlook period.

Geographically, the occlusion devices market is divided into north america, EU, Asia Pacific (APAC), and the Rest of the globe. The highest compound annual growth rate (CAGR) for the APAC occlusion devices market can be accredited to the growing adoption of occlusion devices due to their decreasing costs (due to the growth in localized manufacturing and strengthening of distribution networks of top product manufacturers) and rising healthcare expenditure across main APAC countries.

Breakdown of supply-side primary interviews: by company category, description, and area:

• By Company category - Tier 1 - 25.0 percent, Tier 2 - 30.0 percent and Tier 3 - 45.0 percent

• By Description - C-suite - 26.0 percent, Director-level - 30.0 percent, Others - 44.0 percent

• By Area - North America continent - 34.0 percent, Europe (EU) - 26.0 percent, Asia-Pac - 23.0 percent, RoW - 17.0 percent

The overall occlusion devices market is competitive, with a big number of overall and local actors.In 2017, the sector was dominated by Boston Scientific, Medtronic, Terumo, Stryker Corporation, and Penumbra.

Launches of new product; market expansions; strategic acquisitions; and alliances, strategic agreements, & collaborations were the main strategies approved by market actors to accomplish increase in the industry.

Segment Research

This report studies the occlusion devices market established on product, application, and end user.The industry report also studies factors (including drivers, industry restraints, alternatives, and opportunities) affecting the market increase.

It examines possibilities and opportunities in the sector for partners and offers details of the competitive landscape for the market top players.Moreover, the study examines micromarkets with respect to their individual progress trends, prospects, and contributions to the overall industry.

The analysis forecasts the revenue of the market segments with respect to four main regions.

Why Purchasing This Study Can Help You:

From an insights perspective, this market research has emphasized several levels of analysis-industry trends, market share research of top players, and company descriptions, which together comprise and examine basic views on the competitive landscape, coming out and high-growth segments of the occlusion devices market, and high-growth areas and territories and their respective drivers, market restraints, opportunities, and alternatives.

The market research will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn help companies collect greater segment market share. Companies obtaining the industry report could use any one or a combination of the below mentioned five strategies for strengthening their market shares.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on product types provided by the main players in the occlusion devices market. The analysis examines the occlusion devices market established on product, application, end-user, and area

• Product Development: In-depth understanding on the industry research and growth activities and launches of new product in the occlusion devices market

• Market Development: Highlighted information about profitable emerging sectors. The market research examines the industries for different occlusion devices across geographies.

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the occlusion devices market

• opposing assessment: Detailed assessment of market shares, strategies, products, distribution networks, and manufacturing competences of key players in the occlusion devices market

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