The Global Embolization Coil Market Size accounted for USD 1,974.6 Million in 2023 and is estimated to achieve a market size of USD 3,273.4 Million by 2032 growing at a CAGR of 5.9% from 2024 to 2032.
Embolization Coil Market Highlights
- Global embolization coil market revenue is poised to garner USD 3,273.4 million by 2032 with a CAGR of 5.9% from 2024 to 2032
- North America embolization coil market value occupied around USD 789.8 million in 2023
- Asia-Pacific embolization coil market growth will record a CAGR of more than 6.5% from 2024 to 2032
- Among end-user, the hospitals sub-segment generated more than USD 750.3 million revenue in 2023
- Based on application, the neurology sub-segment generated around 33% market share in 2023
- Rising demand for embolization coils in oncology treatments is a popular embolization coil market trend that fuels the industry demand
The global prevalence of cerebrovascular illnesses such as cerebral aneurysms & arteriovenous malformations, as well as the rising adoption of minimally invasive procedures, are the key factors driving the embolization coil industry growth. Furthermore, the introduction of new, more advanced embolization coils and associated technologies is expected to encourage the growth of the embolization coil industry value.
Embolization coils are thin, wire-like tools that are inserted by a catheter into a blood vessel and deployed within an aneurysm or other vascular abnormality. The coils prevent the blood flow into the aneurysm or abnormality from rupturing and triggering other problems. They are most typically used to treat cerebrovascular conditions such arteriovenous malformations (AVMs), cerebral aneurysms, and arteriovenous fistulas.
Global Embolization Coil Market Dynamics
Market Drivers
- Increased prevalence of neurological disorders
- Technological advancements in product development
- Rising adoption of minimally invasive procedures
- Growing occurrence of aneurysms
Market Restraints
- High cost of treatment
- Stringent regulatory framework
- Limited availability of skilled professionals
Market Opportunities
- Introduction of new products by leading companies
- Increasing spending on healthcare
- Expanding medical tourism in emerging economies
Embolization Coil Market Report Coverage
| Market |
Embolization Coil Market
|
| Embolization Coil Market Size 2022 |
USD 1,974.6 Million
|
| Embolization Coil Market Forecast 2032 |
USD 3,273.4 Million |
| Embolization Coil Market CAGR During 2023 - 2032 |
5.9% |
| Embolization Coil Market Analysis Period |
2020 - 2032 |
Embolization Coil Market Base Year
|
2022 |
| Embolization Coil Market Forecast Data |
2023 - 2032 |
| Segments Covered |
By Type, By Material, By Application, By End-user, And By Geography
|
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
Abbott Laboratories, Terumo Corporation, Boston Scientific, Stryker Corporation, DePuy Synthes, Medtronic, St. Jude Medical, Sirtex, Cook Medical, and Cordis Corporation.
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Embolization Coil Market Insights
The embolization coil refers to an endovascular intervention technique used for the treatment of intracranial ruptured or unruptured aneurysms and other disorders. The swift development of embolization techniques has permitted endovascular treatment to be applied to more complex aneurysms that were initially impossible to treat via traditional endovascular techniques. However, it is still difficult to apply this endovascular treatment method to a small branch-incorporated aneurysm. The paradigm shift from clipping to coiling and gradually towards non-coiling techniques has opened doors of opportunities in the global embolization coil market. Rising demand for minimally invasive surgery is the major factor driving the global market growth.
The growing use of minimally invasive procedures for the treatment of neurological illnesses is expected to stimulate demand for embolization coils and other medical equipment utilized in these operations. Minimally invasive techniques provide various benefits over traditional surgical intervention, such as faster recovery & fewer problems. Global healthcare expenditures are predicted to rise in the next years, owing to factors such as increasing earnings and an increased prevalence of chronic illnesses. As even more individuals have access to and are able to afford healthcare services, the market for medical devices, notably embolization coils, is expected to rise.
Embolization Coil Market Segmentation
The worldwide market for embolization coil is split based on type, material, application, end-user, and geography.
Embolization Coil Types
- Pushable Coils
- Detachable Coils
According to an embolization coil industry analysis, the detachable coil segment held the largest market share in 2024. Detachable embolization coils are primarily constructed of platinum, nickel-titanium, as well as stainless steel, and exist in a range of forms and sizes to accommodate various therapeutic applications. Moreover, factors such as the rising prevalence of neurological illnesses, technological developments in these segments, the increased uptake of minimally invasive procedures, and rising healthcare costs, the industry for detachable embolization coils is anticipated to expand in the upcoming years.
Embolization Coil Materials
- Platinum
- Platinum & Hydrogel
- Platinum Tungsten Alloy
In terms of material, platinum is a frequently used material in the embolization coils industry in 2023. Platinum is a strong, biocompatible material that is corrosion-resistant and has a modest profile when used to repair an aneurysm or other vascular malformation. It is a popular material for embolization coil manufacture because to its high radiopacity, which allows it to be easily seen under fluoroscopy. Platinum's endurance and biocompatibility may make it an enticing choice for certain medicinal applications, perhaps boosting future growth.
Embolization Coil Applications
According to the embolization coil market forecast, the neurology application category is predicted to grow significantly in the market over the next few years. In neurology, embolization coils are often used to treat cerebrovascular disorders such as aneurysms, arteriovenous malformations (AVMs), & arteriovenous fistulas (AVFs). These conditions can develop in brain blood vessels and put them in danger of rupturing, which can lead to significant problems like stroke or brain damage.
Embolization Coil End-users
- Hospitals
- Ambulatory Center
- Cardio Center
- Others
In terms of end-users, the hospital sector leads the embolization coil market in 2023. Hospitals are well-equipped to manage the treatment and diagnosis of cerebrovascular illnesses, and they have the hospital professionals, technology, and facilities to execute treatments such as embolization with embolization coils. Furthermore, hospitals are usually able to provide a better degree of support and assistance to patients undergoing these treatments, such as specialist care from neurologists as well as other medical professionals.
Embolization Coil Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Embolization Coil Market Regional Analysis
In terms of embolization coil market analysis, geographically, North America is the leading region of the market in 2023. Factors such as the rising prevalence of cerebrovascular illnesses, increasing healthcare costs, and growing demand for advanced medical equipment are driving market growth. The widespread use of embolization coils for treating cerebrovascular conditions, coupled with rising earnings and healthcare spending, is further boosting the North American market. The region's focus on improving patient outcomes with advanced medical technologies also supports market expansion.
Asia-Pacific is rising as the fastest-growing area during embolization coil market forecast period, owing to the rise in neurological illnesses and quick expansion of healthcare infrastructure. Countries such as China, India, and Japan are seeing an increase in the use of modern medical technologies, notably for treating illnesses like aneurysms. Government measures to improve healthcare accessible, combined with an older population and increased awareness of early detection, are driving the embolization coil market in this region. Furthermore, the growing presence of leading market players in Asia-Pacific is driving growth.
Embolization Coil Market Players
Some of the top embolization coil companies offered in our report includes Abbott Laboratories, Terumo Corporation, Boston Scientific, Stryker Corporation, DePuy Synthes, Medtronic, St. Jude Medical, Sirtex, Cook Medical, and Cordis Corporation.
CHAPTER 1. Industry Overview of the Embolization Coil Market
1.1. Definition and Scope
1.1.1. Definition of Embolization Coil
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Embolization Coil Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Embolization Coil Market By Type
1.2.3. Embolization Coil Market By Material
1.2.4. Embolization Coil Market By Application
1.2.5. Embolization Coil Market By End-user
1.2.6. Embolization Coil Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Embolization Coil Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Embolization Coil Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2023
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2023
4.2. R&D Status of Major Manufacturers in 2023
CHAPTER 5. Embolization Coil Market By Type
5.1. Introduction
5.2. Embolization Coil Revenue By Type
5.2.1. Embolization Coil Revenue (USD Million) and Forecast, By Type, 2020-2032
5.2.2. Pushable coils
5.2.2.1. Pushable Coils Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.3. Detachable coils
5.2.3.1. Detachable Coils Market Revenue (USD Million) and Growth Rate (%), 2020-2032
CHAPTER 6. Embolization Coil Market By Material
6.1. Introduction
6.2. Embolization Coil Revenue By Material
6.2.1. Embolization Coil Revenue (USD Million) and Forecast, By Material, 2020-2032
6.2.2. Platinum
6.2.2.1. Platinum Market Revenue (USD Million) and Growth Rate (%), 2020-2032
6.2.3. Platinum & Hydrogel
6.2.3.1. Platinum & Hydrogel Market Revenue (USD Million) and Growth Rate (%), 2020-2032
6.2.4. Platinum Tungsten Alloy
6.2.4.1. Platinum Tungsten Alloy Market Revenue (USD Million) and Growth Rate (%), 2020-2032
CHAPTER 7. Embolization Coil Market By Application
7.1. Introduction
7.2. Embolization Coil Revenue By Application
7.2.1. Embolization Coil Revenue (USD Million) and Forecast, By Application, 2020-2032
7.2.2. Neurology
7.2.2.1. Neurology Market Revenue (USD Million) and Growth Rate (%), 2020-2032
7.2.3. Oncology
7.2.3.1. Oncology Market Revenue (USD Million) and Growth Rate (%), 2020-2032
7.2.4. Urology
7.2.4.1. Urology Market Revenue (USD Million) and Growth Rate (%), 2020-2032
7.2.5. Cardiology
7.2.5.1. Cardiology Market Revenue (USD Million) and Growth Rate (%), 2020-2032
7.2.6. Peripheral Vascular Disease
7.2.6.1. Peripheral Vascular Disease Market Revenue (USD Million) and Growth Rate (%), 2020-2032
7.2.7. Others
7.2.7.1. Others Market Revenue (USD Million) and Growth Rate (%), 2020-2032
CHAPTER 8. Embolization Coil Market By End-user
8.1. Introduction
8.2. Embolization Coil Revenue By End-user
8.2.1. Embolization Coil Revenue (USD Million) and Forecast, By End-user, 2020-2032
8.2.2. Hospitals
8.2.2.1. Hospitals Market Revenue (USD Million) and Growth Rate (%), 2020-2032
8.2.3. Ambulatory Center
8.2.3.1. Ambulatory Center Market Revenue (USD Million) and Growth Rate (%), 2020-2032
8.2.4. Cardio Center
8.2.4.1. Cardio Center Market Revenue (USD Million) and Growth Rate (%), 2020-2032
8.2.5. Others
8.2.5.1. Others Market Revenue (USD Million) and Growth Rate (%), 2020-2032
CHAPTER 9. North America Embolization Coil Market By Country
9.1. North America Embolization Coil Market Overview
9.2. U.S.
9.2.1. U.S. Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
9.2.2. U.S. Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
9.2.3. U.S. Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
9.2.4. U.S. Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
9.3. Canada
9.3.1. Canada Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
9.3.2. Canada Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
9.3.3. Canada Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
9.3.4. Canada Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
9.4. North America PEST Analysis
CHAPTER 10. Europe Embolization Coil Market By Country
10.1. Europe Embolization Coil Market Overview
10.2. U.K.
10.2.1. U.K. Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
10.2.2. U.K. Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
10.2.3. U.K. Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
10.2.4. U.K. Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
10.3. Germany
10.3.1. Germany Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
10.3.2. Germany Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
10.3.3. Germany Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
10.3.4. Germany Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
10.4. France
10.4.1. France Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
10.4.2. France Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
10.4.3. France Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
10.4.4. France Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
10.5. Spain
10.5.1. Spain Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
10.5.2. Spain Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
10.5.3. Spain Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
10.5.4. Spain Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
10.6. Rest of Europe
10.6.1. Rest of Europe Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
10.6.2. Rest of Europe Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
10.6.3. Rest of Europe Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
10.6.4. Rest of Europe Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
10.7. Europe PEST Analysis
CHAPTER 11. Asia Pacific Embolization Coil Market By Country
11.1. Asia Pacific Embolization Coil Market Overview
11.2. China
11.2.1. China Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
11.2.2. China Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
11.2.3. China Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
11.2.4. China Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
11.3. Japan
11.3.1. Japan Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
11.3.2. Japan Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
11.3.3. Japan Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
11.3.4. Japan Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
11.4. India
11.4.1. India Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
11.4.2. India Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
11.4.3. India Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
11.4.4. India Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
11.5. Australia
11.5.1. Australia Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
11.5.2. Australia Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
11.5.3. Australia Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
11.5.4. Australia Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
11.6. South Korea
11.6.1. South Korea Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
11.6.2. South Korea Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
11.6.3. South Korea Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
11.6.4. South Korea Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
11.7. Rest of Asia-Pacific
11.7.1. Rest of Asia-Pacific Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
11.7.2. Rest of Asia-Pacific Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
11.7.3. Rest of Asia-Pacific Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
11.7.4. Rest of Asia-Pacific Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
11.8. Asia Pacific PEST Analysis
CHAPTER 12. Latin America Embolization Coil Market By Country
12.1. Latin America Embolization Coil Market Overview
12.2. Brazil
12.2.1. Brazil Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
12.2.2. Brazil Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
12.2.3. Brazil Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
12.2.4. Brazil Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
12.3. Mexico
12.3.1. Mexico Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
12.3.2. Mexico Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
12.3.3. Mexico Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
12.3.4. Mexico Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
12.4. Rest of Latin America
12.4.1. Rest of Latin America Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
12.4.2. Rest of Latin America Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
12.4.3. Rest of Latin America Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
12.4.4. Rest of Latin America Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
12.5. Latin America PEST Analysis
CHAPTER 13. Middle East & Africa Embolization Coil Market By Country
13.1. Middle East & Africa Embolization Coil Market Overview
13.2. GCC
13.2.1. GCC Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
13.2.2. GCC Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
13.2.3. GCC Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
13.2.4. GCC Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
13.3. South Africa
13.3.1. South Africa Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
13.3.2. South Africa Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
13.3.3. South Africa Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
13.3.4. South Africa Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
13.4. Rest of Middle East & Africa
13.4.1. Rest of Middle East & Africa Embolization Coil Revenue (USD Million) and Forecast By Material, 2020-2032
13.4.2. Rest of Middle East & Africa Embolization Coil Revenue (USD Million) and Forecast By Type, 2020-2032
13.4.3. Rest of Middle East & Africa Embolization Coil Revenue (USD Million) and Forecast By Application, 2020-2032
13.4.4. Rest of Middle East & Africa Embolization Coil Revenue (USD Million) and Forecast By End-user, 2020-2032
13.5. Middle East & Africa PEST Analysis
CHAPTER 14. Player Analysis Of Embolization Coil Market
14.1. Embolization Coil Market Company Share Analysis
14.2. Competition Matrix
14.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
14.2.2. New Product Launches and Product Enhancements
14.2.3. Mergers And Acquisition In Global Embolization Coil Market
14.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 15. Company Profile
15.1. Abbott Laboratories
15.1.1. Company Snapshot
15.1.2. Business Overview
15.1.3. Financial Overview
15.1.3.1. Revenue (USD Million), 2023
15.1.3.2. Abbott Laboratories 2023 Embolization Coil Business Regional Distribution
15.1.4. Product /Service and Specification
15.1.5. Recent Developments & Business Strategy
15.2. Terumo Corporation
15.3. Boston Scientific
15.4. Stryker Corporation
15.5. DePuy Synthes
15.6. Medtronic
15.7. St. Jude Medical
15.8. Sirtex
15.9. Cook Medical
15.10. Cordis Corporation
