Occlusion Devices Market Size is projected to grow at a CAGR of 5.1%: Straits Research

The global occlusion devices market accounted for over USD 2.8 Billion in 2022 and is expected to grow at a CAGR of 5.1% during the forecast period, 2023-2031. North America is expected to dominate the market.


New York, United States, March 09, 2023 (GLOBE NEWSWIRE) -- Occlusion devices are medical devices used to block or close abnormal blood vessels or heart defects. These devices are commonly used in interventional cardiology and interventional radiology procedures. Occlusion devices are typically made of metal or other materials and come in various shapes and sizes to suit different applications. Some examples of occlusion devices include vascular plugs, coils, septal occluders, and embolization particles. These devices are designed to be minimally invasive and provide an effective alternative to traditional surgical procedures.

The use of occlusion devices is becoming increasingly popular due to their many benefits over traditional surgical procedures. Occlusion devices are minimally invasive, which means that they involve smaller incisions and cause less trauma to the patient's body. This typically leads to shorter recovery times, less pain, and fewer complications.


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Market Dynamics

The growing incidence of cardiovascular diseases and related conditions such as stroke and peripheral artery disease is a key driver of the occlusion devices market. These devices are commonly used in interventional procedures to treat these conditions. Rising healthcare expenditure and investments in healthcare infrastructure are expected to boost the demand for occlusion devices. This is particularly true in emerging markets where healthcare systems are undergoing rapid development. The global population is aging, which is increasing the incidence of age-related conditions such as aneurysms and arteriovenous malformations. This is expected to drive the demand for occlusion devices in the coming years.

Market Segmentation

The occlusion devices market is divided into different segments based on product type, application, and end-users. The largest segment in terms of product type is occlusion removal devices due to the increasing research in the efficacy of new devices.

In terms of application, the neurology segment holds the major share of the market due to the rising number of target neurosurgical procedures and research in interventional neurology.

Regarding end-users, the diagnostic centers segment is expected to hold a significant market share due to the growing adoption of minimally invasive surgical procedures, availability of reimbursement policies for target procedures in Europe and North America, and the increasing demand for interventional procedures in diagnostic centers.


Report Scope

Report MetricDetails
Market SizeUSD 2.8 Billion in 2022
CAGR5.1% (2023-2031)
Historical Data2020-2021
Base Year2022
Forecast Period2023-2031
Forecast UnitsValue (USD Billion)
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments CoveredBy Product, By Application, By End User, By Region
Geographies CoveredNorth America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/VendorsAcrostak, Abbott Laboratories, Asahi Intecc, Angiodynamics, Cardinal Health, Avinger, Edwards Lifesciences, Cook Group, Stryker Corporation, Penumbra, B. Braun Melsungen AG, Terumo Corporation, Medtronic Plc., Meril Life Sciences Pvt. Ltd., MicroPort Scientific Corporation, Biosensors International Group Ltd., Boston Scientific Corporation, Elixir Medical Corporation, Kyoto Medical Planning Co. Ltd
Key Market DriversGrowing incidence of cardiovascular diseases

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Regional Analysis

North America is predicted to dominate the global market for occlusion devices due to the increasing prevalence of cardiovascular diseases in the United States. The World Health Organization has reported that around 15 million people in the US suffer from coronary diseases, and the aging baby boomer population in the country is expected to further support market growth. As the geriatric population is more vulnerable to various diseases such as neurological disorders and cancers, the high number of elderly people in the region is likely to drive market growth.

Europe is expected to be the second-largest region in the global market for occlusion devices. The increasing number of obese individuals in Europe is influencing the prevalence of embolism, which can cause occlusion in different parts of the body. Additionally, the rising incidence of stroke is driving market growth in the region. Favorable reimbursement policies and advancements in occlusion devices are also contributing to the market's growth.

Some of the major players in the occlusion devices market include 

  1. Acrostak
  2. Abbott Laboratories
  3. Asahi Intecc
  4. Angiodynamics
  5. Cardinal Health
  6. Avinger
  7. Edwards Lifesciences
  8. Cook Group
  9. Stryker Corporation
  10. Penumbra
  11. B. Braun Melsungen AG
  12. Terumo Corporation
  13. Medtronic Plc.
  14. Meril Life Sciences Pvt. Ltd.
  15. MicroPort Scientific Corporation
  16. Biosensors International Group Ltd.
  17. Boston Scientific Corporation
  18. Elixir Medical Corporation
  19. Kyoto Medical Planning Co. Ltd`


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Occlusion devises Market Segmentation

By Product

  • Occlusion Removal Devices
    • Balloon Occlusion Devices
    • Stent Retrievers
    • Coil Retrievers
    • Suction & Aspiration Devices
  • Embolization Devices
    • Embolic Coils
    • Liquid Embolic Agents
    • Tubal Occlusion Devices
  • Support Devices
    • Microcatheters
    • Guidewires

By Application

  • Neurology
  • Cardiology
  • Peripheral Vascular Diseases
  • Urology
  • Oncology
  • Gynecology

By End User

  • Hospitals, Diagnostic Centers, & Surgical Centers
  • Ambulatory Care Centers
  • Research Laboratories & Academic Institutes

Regions Covered

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA


TABLE OF CONTENT

  1. EXECUTIVE SUMMARY
  2. RESEARCH SCOPE & SEGMENTATION
    1. Research Objectives
    2. Market Definition
    3. Limitations & Assumptions
    4. Market Scope & Segmentation
    5. Currency & Pricing Considered
  3. MARKET OPPORTUNITY ASSESSMENT
    1. Emerging Regions / Countries
    2. Emerging Companies
    3. Emerging Applications / End Use
    4. Investment Landscape
    5. New Business Models / Revenue Streams
    6. TAM
  4. MARKET TRENDS
    1. Drivers
    2. Market Warning Factors
    3. Latest Macro Economic Indicators
    4. Geopolitical Impact
    5. Human Factors
    6. Technology Factors
  5. MARKET ASSESSMENT
    1. Porters Five Forces Analysis
    2. Value Chain Analysis
    3. Sales And Distribution Channel Analysis
    4. Case Study Analysis
    5. Patent Analysis
    6. M & A Agreements & Collabration Analysis
  6. ESG TRENDS
  7. GLOBAL OCCLUSION DEVICES MARKET SIZE ANALYSIS
    1. Global Occlusion Devices Market Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Occlusion Removal Devices
        1. By Value
      3. Embolization Devices
        1. By Value
      4. Support Devices
        1. By Value
    3. By Application
      1. Introduction
        1. Application By Value
      2. Neurology
        1. By Value
      3. Cardiology
        1. By Value
      4. Peripheral Vascular Diseases
        1. By Value
      5. Urology
        1. By Value
      6. Oncology
        1. By Value
      7. Gynecology
        1. By Value
    4. By End User
      1. Introduction
        1. End User By Value
      2. Hospitals, Diagnostic Centers, & Surgical Centers
        1. By Value
      3. Ambulatory Care Centers
        1. By Value
      4. Research Laboratories & Academic Institutes
        1. By Value
  8. NORTH AMERICA MARKET ANALYSIS
    1. Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Occlusion Removal Devices
        1. By Value
      3. Embolization Devices
        1. By Value
      4. Support Devices
        1. By Value
    3. By Application
      1. Introduction
        1. Application By Value
      2. Neurology
        1. By Value
      3. Cardiology
        1. By Value
      4. Peripheral Vascular Diseases
        1. By Value
      5. Urology
        1. By Value
      6. Oncology
        1. By Value
      7. Gynecology
        1. By Value
    4. By End User
      1. Introduction
        1. End User By Value
      2. Hospitals, Diagnostic Centers, & Surgical Centers
        1. By Value
      3. Ambulatory Care Centers
        1. By Value
      4. Research Laboratories & Academic Institutes
        1. By Value
    5. U.S.
      1. By Product
        1. Introduction
          1. Product By Value
        2. Occlusion Removal Devices
          1. By Value
        3. Embolization Devices
          1. By Value
        4. Support Devices
          1. By Value
      2. By Application
        1. Introduction
          1. Application By Value
        2. Neurology
          1. By Value
        3. Cardiology
          1. By Value
        4. Peripheral Vascular Diseases
          1. By Value
        5. Urology
          1. By Value
        6. Oncology
          1. By Value
        7. Gynecology
          1. By Value
      3. By End User
        1. Introduction
          1. End User By Value
        2. Hospitals, Diagnostic Centers, & Surgical Centers
          1. By Value
        3. Ambulatory Care Centers
          1. By Value
        4. Research Laboratories & Academic Institutes
          1. By Value
    6. Canada
  9. EUROPE MARKET ANALYSIS
    1. Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Occlusion Removal Devices
        1. By Value
      3. Embolization Devices
        1. By Value
      4. Support Devices
        1. By Value
    3. By Application
      1. Introduction
        1. Application By Value
      2. Neurology
        1. By Value
      3. Cardiology
        1. By Value
      4. Peripheral Vascular Diseases
        1. By Value
      5. Urology
        1. By Value
      6. Oncology
        1. By Value
      7. Gynecology
        1. By Value
    4. By End User
      1. Introduction
        1. End User By Value
      2. Hospitals, Diagnostic Centers, & Surgical Centers
        1. By Value
      3. Ambulatory Care Centers
        1. By Value
      4. Research Laboratories & Academic Institutes
        1. By Value
    5. U.K.
      1. By Product
        1. Introduction
          1. Product By Value
        2. Occlusion Removal Devices
          1. By Value
        3. Embolization Devices
          1. By Value
        4. Support Devices
          1. By Value
      2. By Application
        1. Introduction
          1. Application By Value
        2. Neurology
          1. By Value
        3. Cardiology
          1. By Value
        4. Peripheral Vascular Diseases
          1. By Value
        5. Urology
          1. By Value
        6. Oncology
          1. By Value
        7. Gynecology
          1. By Value
      3. By End User
        1. Introduction
          1. End User By Value
        2. Hospitals, Diagnostic Centers, & Surgical Centers
          1. By Value
        3. Ambulatory Care Centers
          1. By Value
        4. Research Laboratories & Academic Institutes
          1. By Value
    6. Germany
    7. France
    8. Spain
    9. Italy
    10. Russia
    11. Nordic
    12. Benelux
    13. Rest Of Europe
  10. APAC MARKET ANALYSIS
    1. Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Occlusion Removal Devices
        1. By Value
      3. Embolization Devices
        1. By Value
      4. Support Devices
        1. By Value
    3. By Application
      1. Introduction
        1. Application By Value
      2. Neurology
        1. By Value
      3. Cardiology
        1. By Value
      4. Peripheral Vascular Diseases
        1. By Value
      5. Urology
        1. By Value
      6. Oncology
        1. By Value
      7. Gynecology
        1. By Value
    4. By End User
      1. Introduction
        1. End User By Value
      2. Hospitals, Diagnostic Centers, & Surgical Centers
        1. By Value
      3. Ambulatory Care Centers
        1. By Value
      4. Research Laboratories & Academic Institutes
        1. By Value
    5. China
      1. By Product
        1. Introduction
          1. Product By Value
        2. Occlusion Removal Devices
          1. By Value
        3. Embolization Devices
          1. By Value
        4. Support Devices
          1. By Value
      2. By Application
        1. Introduction
          1. Application By Value
        2. Neurology
          1. By Value
        3. Cardiology
          1. By Value
        4. Peripheral Vascular Diseases
          1. By Value
        5. Urology
          1. By Value
        6. Oncology
          1. By Value
        7. Gynecology
          1. By Value
      3. By End User
        1. Introduction
          1. End User By Value
        2. Hospitals, Diagnostic Centers, & Surgical Centers
          1. By Value
        3. Ambulatory Care Centers
          1. By Value
        4. Research Laboratories & Academic Institutes
          1. By Value
    6. Korea
    7. Japan
    8. India
    9. Australia
    10. Taiwan
    11. South East Asia
    12. Rest Of Asia-Pacific
  11. MIDDLE EAST AND AFRICA MARKET ANALYSIS
    1. Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Occlusion Removal Devices
        1. By Value
      3. Embolization Devices
        1. By Value
      4. Support Devices
        1. By Value
    3. By Application
      1. Introduction
        1. Application By Value
      2. Neurology
        1. By Value
      3. Cardiology
        1. By Value
      4. Peripheral Vascular Diseases
        1. By Value
      5. Urology
        1. By Value
      6. Oncology
        1. By Value
      7. Gynecology
        1. By Value
    4. By End User
      1. Introduction
        1. End User By Value
      2. Hospitals, Diagnostic Centers, & Surgical Centers
        1. By Value
      3. Ambulatory Care Centers
        1. By Value
      4. Research Laboratories & Academic Institutes
        1. By Value
    5. UAE
      1. By Product
        1. Introduction
          1. Product By Value
        2. Occlusion Removal Devices
          1. By Value
        3. Embolization Devices
          1. By Value
        4. Support Devices
          1. By Value
      2. By Application
        1. Introduction
          1. Application By Value
        2. Neurology
          1. By Value
        3. Cardiology
          1. By Value
        4. Peripheral Vascular Diseases
          1. By Value
        5. Urology
          1. By Value
        6. Oncology
          1. By Value
        7. Gynecology
          1. By Value
      3. By End User
        1. Introduction
          1. End User By Value
        2. Hospitals, Diagnostic Centers, & Surgical Centers
          1. By Value
        3. Ambulatory Care Centers
          1. By Value
        4. Research Laboratories & Academic Institutes
          1. By Value
    6. Turkey
    7. Saudi Arabia
    8. South Africa
    9. Egypt
    10. Nigeria
    11. Rest Of MEA
  12. LATAM MARKET ANALYSIS
    1. Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Occlusion Removal Devices
        1. By Value
      3. Embolization Devices
        1. By Value
      4. Support Devices
        1. By Value
    3. By Application
      1. Introduction
        1. Application By Value
      2. Neurology
        1. By Value
      3. Cardiology
        1. By Value
      4. Peripheral Vascular Diseases
        1. By Value
      5. Urology
        1. By Value
      6. Oncology
        1. By Value
      7. Gynecology
        1. By Value
    4. By End User
      1. Introduction
        1. End User By Value
      2. Hospitals, Diagnostic Centers, & Surgical Centers
        1. By Value
      3. Ambulatory Care Centers
        1. By Value
      4. Research Laboratories & Academic Institutes
        1. By Value
    5. Brazil
      1. By Product
        1. Introduction
          1. Product By Value
        2. Occlusion Removal Devices
          1. By Value
        3. Embolization Devices
          1. By Value
        4. Support Devices
          1. By Value
      2. By Application
        1. Introduction
          1. Application By Value
        2. Neurology
          1. By Value
        3. Cardiology
          1. By Value
        4. Peripheral Vascular Diseases
          1. By Value
        5. Urology
          1. By Value
        6. Oncology
          1. By Value
        7. Gynecology
          1. By Value
      3. By End User
        1. Introduction
          1. End User By Value
        2. Hospitals, Diagnostic Centers, & Surgical Centers
          1. By Value
        3. Ambulatory Care Centers
          1. By Value
        4. Research Laboratories & Academic Institutes
          1. By Value
    6. Mexico
    7. Argentina
    8. Chile
    9. Colombia
    10. Rest Of LATAM
  13. COMPETITIVE ASSESSMENT
    1. Adoption Matrix
    2. Occlusion Devices Market Share By Manufacturers
    3. Occlusion Devices Market Ranking By Revenue For Manufacturers
    4. Average Price By Manufacturers
    5. Vendor Footprint Analysis
  14. MARKET PLAYERS ASSESSMENT
    1. Acrostak
      1. Overview
      2. Business Information
      3. Revenue
      4. ASP
      5. Gross Margin
      6. Swot Analysis
      7. Recent Developmments
    2. Abbott Laboratories
    3. Asahi Intecc
    4. Angiodynamics
    5. Cardinal Health
    6. Avinger
    7. Edwards Lifesciences
    8. Cook Group
    9. Stryker Corporation
    10. Penumbra
    11. B. Braun Melsungen AG
    12. Terumo Corporation
    13. Medtronic Plc.
    14. Meril Life Sciences Pvt. Ltd.
    15. MicroPort Scientific Corporation
    16. Biosensors International Group Ltd.
    17. Boston Scientific Corporation
    18. Elixir Medical Corporation
    19. Kyoto Medical Planning Co. Ltd`
  15. RESEARCH METHODOLOGY
    1. Research Data
      1. Secondary Data
        1. Major Secondary Sources
        2. Key Data From Secondary Sources
      2. Primary Data
        1. Key Data From Primary Sources
        2. Breakdown Of Primaries
      3. Secondary And Primary Research
        1. Key Industry Insights
    2. Market Size Estimation
      1. Bottom-Up Approach
      2. Top-Down Approach
      3. Market Projection
    3. Research Assumptions
      1. Assumptions
    4. Limitations
    5. Risk Assessment
  16. APPENDIX
    1. Discussion Guide
    2. Customization Options
    3. Related Reports
  17. DISCLAIMER


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News Media

High Prevalence of Chronic Diseases is Surge Demand of Occlusion Devices Market


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