Occlusion Devices Market by Products, Applications and End Users - Global Forecast to 2023

The global occlusion devices market is mainly driven by the high prevalence of heart-related diseases and huge demand for diagnosis and treatment methods. Additionally, the increasing availability of diagnostic services for various chronic diseases also fuels the growth of the market. Moreover, favorable reimbursement policies are likely to boost the market growth.

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The global occlusion devices market is projected to reach USD 3.55 billion by 2023 from USD 2.74 billion in 2018, at a CAGR of 5.3%.Growth in target patient population, technological advancements, 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 growth of this market.

Executive Summary

Premium Insights

4.1 Occlusion Devices: Market Overview

4.2 Regional Analysis: Market, By Product

4.3 Regional Analysis: Market, By End User (2018)

4.4 Asia Pacific: Market, By Application, 2018 vs 2023 (USD Million)

4.5 Global Market, By Country (2018–2023)

Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Expansion of Target Patient Population Base

5.2.1.2 Technological Advancements

5.2.1.3 Favorable Reimbursement Scenario for Minimally Invasive Surgeries

5.2.1.4 Rising Number of Minimally Invasive Vascular Surgeries

5.2.1.5 Focus on Expansion of Manufacturing & Distribution Capabilities in Emerging Markets

5.2.1.6 Clinical Evidence for Safety and Efficacy of Occlusion Devices

5.2.2 Restraints

5.2.2.1 Procedural Limitations Associated With Cto Treatment

5.2.2.2 Stringent Regulatory Framework for Product Commercialization

5.2.3 Opportunities

5.2.3.1 Rising Healthcare Expenditure Across Developing Countries

5.2.4 Challenge

5.2.4.1 Dearth of Skilled Surgeons

The global occlusion devices market can be fragmented in terms of application, product, and end-user. In terms of product, the market is categorized into occlusion removal devices, embolization devices, and support devices. The embolization devices division is sub-divided into tubal occlusion devices and liquid embolic agents. Occlusion removal devices division is sub-fragmented into stent retrievers, balloon occlusion devices, suction and aspiration devices, and coil retrievers.

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North America and Europe together are expected to account for the maximum share in the occlusion devices market. The existence of developed healthcare infrastructure, well-defined authoritarian framework, and expert healthcare professionals to execute the methods are some of the aspects propelling the demand and popularity for the global occlusion devices market in these regions.

“Global Occlusion Devices Market by Manufacturers, Countries, Type and Application, Forecast to 2023 Report “Provides In-Depth Analysis of Parent Market Trends, Macro-Economic Indicators and Governing Factors Along With Market Attractiveness as Per Segments.