Embolization products are variously used for the treatment of tumor, hemorrhage, cardiovascular diseases, neurovascular disease and other chronic diseases. The increasing cases of these chronic diseases is expected to drive the global embolization market over the forecast period. Increasing novel product launches is also expected to drive the market. The restraining factors are products recalls and complications associated with embolization. As per the Cardiovascular and Interventional Radiology Journal 2020, WHO announced embolization procedures are used for treating various diseases.
According to Coherent Market Insights, the global Embolization Market is estimated to be valued at US$ 1,433.6 million in 2020 and is expected to exhibit a CAGR of 8.1% over the forecast period (2020-2027).
Leading Companies in the Embolization Industry:
1. IMBiotechnologies Ltd.
Founded in 2008, IMBiotechnologies Ltd (IMB) is a privately held Canadian medical device company headquartered in Edmonton, Alberta focused on the commercialization of medical products in the area of embolotherapy. MBiotechnologies Ltd. On January 2021, announced that it has signed an agreement with Canadian Hospital Specialties for the exclusive right to distribute Ekobi® Embolization Microspheres in Canada.
2. ABK Biomedical Inc.
ABK Biomedical Inc is an innovative medical device company dedicated to the research, development, and commercialization of advanced imageable embolic therapies, on September 2022, announced FDA 510(k) clearance of Easi-Vue embolic microspheres for the treatment of patients suffering from arteriovenous malformations and hypervascular tumors. The company is headquartered in Nova Scotia, founded in 2012.
3. EmboMedics
EmboMedics, Inc. develops and commercializes resorbable and drug-loaded embolization devices for the treatment of multiple indications. The company was founded in 2012 and is based in Maple Grove, Minnesota.
4. Guerbet
The company was founded in 1926 and is headquartered in Villepinte, France. it offers Hydra Vision, a digital imaging system for urological, gastroenterological, and gynecological treatment, as well as planning and diagnostic procedures; and urology accessories and consumables.
5. Boston Scientific Corporation
The company was incorporated in 1979 and is headquartered in Marlborough, Massachusetts. Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. It operates through three segments: MedSurg, Rhythm and Neuro, and Cardiovascular.
6. Medtronic Plc.
The company was founded in 1949 and is headquartered in Dublin, Ireland. Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. On June 2022, India Medtronic Private limited, a wholly-owned subsidiary of Medtronic plc, announced the launch of CE marked fourth-generation flow diverter, Pipeline Vantage with Shield Technology for the endovascular treatment of brain aneurysms.
7. Varian Medical Systems
Varian Medical Systems, Inc. designs, manufactures, sells, and services medical devices and software products for treating cancer and other medical conditions worldwide. It operates through two segments, Oncology Systems and Imaging Components. The company is headquartered in California U.S., founded in 1948.
8. Terumo Corporation
Terumo Corporation engages in the manufacture and sale of medical products and equipment worldwide. The company operates through three segments: Cardiac and Vascular Company, Medical Care Solutions Company, and Blood and Cell Technologies Company. Terumo Corporation was incorporated in 1921 and is headquartered in Tokyo, Japan.
9. Merit Medical Systems
Merit Medical Systems, Inc. was incorporated in 1987 and is headquartered in South Jordan, Utah. Merit Medical Systems, Inc. designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures, primarily in cardiology, radiology, oncology, critical care, and endoscopy. The company operates in two segments, Cardiovascular and Endoscopy.
10. Cook Group
Cook Group manufactures and distributes minimally invasive medical products and devices for radiology, cardiology, oncology, neurology, general surgery, critical care, urology, and vascular procedures. The company has more than 40 subsidiaries in the U.S., Europe, Canada, Australia and Asia that produce, manufacture and distribute Cook medical devices. The company was founded in 1963, headquartered in Bloomington, Indiana.
*Definition- embolization is the procedure of invasion, where embolic agents are introduced to block the selective blood vessels.
