Vascular Embolization Market size is expected to be valued at USD 1,636.5 million in 2022, growing at an 9.8% CAGR from 2022 to 2028. Embolization is a minimally invasive procedure that stops blood vessels or abnormal vascular channels in target areas. Vascular embolization, an alternative to open surgery, is a procedure to treat abnormal blood vessels in the brain or other parts of the body. This procedure cuts off the blood supply to the target areas. So, basically, vascular embolization is the deliberate obstruction of a blood vessel for medical benefit. By blocking the blood vessels, blood no longer flows through that area. The embolization procedure is less invasive than surgery and performs directly in the target area. The increasing prevalence of vascular diseases, the growing number of cases of chronic diseases, the increasing demand for embolic agents, and the increasing number of road accidents all over the world are the major drivers in the global vascular embolization market growth. According to the World Health Organization (WHO), cardiovascular diseases (CVDs) are the leading cause of death worldwide and around 17.9 million death occurs each year (35% of global deaths). In addition, the global market players are influencing the global market through new product launches, mergers & collaborations. Moreover, the recent advancements in vascular embolization products and procedures are boosting the overall vascular embolization market growth. However, the complication associated with embolization procedures and the high cost associated with them may hinder the global vascular embolization market growth. Although, the reimbursement policies by the government are the key opportunities in the overall vascular embolization market. Geographically, North America held the major market share in 2021 and is expected to dominate the global embolization market in the forecasted years.
Recent Market Developments:
In June 2022, Medtronic launched a pipeline vantage embolization device with shield technology in India to treat brain aneurysms.