VASCULAR EMBOLIZATION MARKET ANALYSIS

Vascular Embolization MarketSize and Trends

Market Statistics:

The global vascular embolization market is estimated to be valued at USD 1,932.9 Mn in 2024 and is expected to exhibit a CAGR of 9.5% during the forecast period (2024-2031). 

North America held dominant position in the global vascular embolization market in 2020, accounting for 41.2% share in terms of volume, followed by Europe and Asia Pacific, respectively.

Figure 1. Global Vascular Embolization Market Value (USD MN), by Region, 2024

Market Trends/Key Takeaways:

1. Surge in usage of clot agents is expected to drive growth of the global vascular embolization market. For instance, in October 2020, Cerenovus, part of Johnson & Johnson Medical Devices Companies, announced the European launch of CERENOVUS NIMBUS, designed to remove tough clots for successful revascularization in patients with acute ischemic stroke caused by a large vessel occlusion. Cerenovus Nimbus is designed to remove tough clot.
2. Rise in cases of automobile accidents across the globe is expected to augment growth of the global vascular embolization market. For instance, embolization provides expedited/minimally invasive control of bleeding with less disruption of normal tissues than surgery, and plays vital role in the non-operative management of many traumatic injuries, resulting in a decreased need for blood transfusion and improved survival. According to WHO, road traffic injuries are the leading cause of death, around 1.3 million people die each year as a result of road accidents.