The paradigm shift from clipping to coiling and increased demand for minimally invasive surgeries has augmented the demand for the market.
The global Liquid Embolic market is forecast to reach USD 3.27 Billion by 2027, according to a new report by Reports and Data. Embolization is a minimally invasive, non-surgical procedure that involves the selective occlusion of blood vessels, by purposely introducing emboli. The procedure is an alternative to open surgery and is performed by interventional neuroradiologists. Liquid embolic products are used for the embolization of both arterio-venous malformations (AVMs) and aneurysms.
Liquid embolic agents include ethylene vinyl alcohol and cyanoacrylate. These agents are used to prevent blood supply to aneurysm or tumor. It helps in suppressing the growth and any adverse effects suffered by aneurysms and tumors to vital organs. Liquid embolic agents have the advantage over the flexibility and expense, as well as the threat of vascular injury during navigation. The market is expected to grow due to the increasing adoption of liquid embolic agents due to the favorable clinical research results. The growing prevalence of arteriovenous malformation, growth in the incidence of tumors, and aneurysms factors are also driving the growth of the market.
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The global Liquid Embolic market is expected to reach USD XX Billion in 2028 from USD XX Billion in 2020 at a CAGR of XX%. This can be attributed to factors such as rising prevalence of chronic diseases, infections, rapidly growing healthcare and medical sectors, improving healthcare infrastructure and research centers, and increasing adoption of latest equipment and medical devices in medium to large scale hospitals, clinics and ambulatory care centers. In addition, high adoption of latest treatment facilities across several healthcare sectors, government initiatives to create awareness about diseases, increasing funds by public and private sectors, and growing demand for home care devices and point of care diagnosis are expected to fuel global market revenue growth going ahead.
Competitive Landscape:
The report also covers the competitive landscape with extensive profiling of the key competitors. It covers recent product developments, joint ventures, product launches, technological advancements, mergers and acquisitions, collaborations, and partnerships. Some of the key players operating in the global market are Company 1, Company 2, Company 3, Company 4, Company 5, Company 6, Company 7, Company 8, Company 9, and others.
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Market segment analysis:
By Region:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
By Type:
Product Outlook (Revenue, USD Billion; 2016-2027)
- Isobutyl-2-Cyanoacrylate(IBCA)
- Sodium Morrhuate
- Ethanol
- Bletilla Striata
Application Outlook (Revenue, USD Billion; 2016-2027)
- Brain Arteriovenous Malformations
- Tumor and Brain Cancer
- Brain Aneurysm
- Ischemic Stroke
End Users Outlook (Revenue, USD Billion; 2016-2027)
- Hospitals
- Ambulatory Surgical Centers
Further key findings from the report suggest
- Brain Arteriovenous Malformations is the tangle of abnormal blood vessels that connect veins and arteries in the brain. They can develop anywhere in the body and but occurs generally in the spine or brain. The disease are rare and affects less than one percent of the population.
- Hospitals held a major market share as these sophisticated devices are available in bigger hospitals and critical care units. The increasing adoption of minimally invasive surgeries, increase in the purchasing power, and investment into the healthcare sector is boosting the growth of the market.
- Sodium Morrhuate is consumed mainly by injection and is a mixture of salts of the saturated and unsaturated fatty acids of cod liver oil. It is a pale yellow, granular powder with a slight fishy odor and is soluble in water and alcohol.
- North America held the largest market share due to the availability of advanced equipment and quicker adoption of innovative surgeries. The region also invest in research and development heavily.
- The U.S. is the largest market for liquid embolic products. The growth of the market forecasts estimate that the major share of liquid embolic sales are related to the products for the treatment of approved neurovascular indications. However, primary research suggests that off-label usage of liquid embolic agents accounts for a significant percentage of overall utilization.
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