Embolization Coil Market To Grow By USD 538.3 Million From 2024-2028 Driven By Rising Incidence Of Aneurysms, Report On AI-Driven Market Transformation - Technavio

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Key Market Trends Fueling Growth

The global embolization coil market is witnessing significant growth due to technological advances and innovations. These technological developments have led to the creation of various types of embolization coils, including 3D embolization coils, liquid embolization coils, miniaturized coils, and hydrocoils, each with unique benefits for end-users. 3D embolization coils, such as Target 3D detachable coils by Stryker Corp., offer improved precise multi-planar deployment and accelerated thrombus formation, making them ideal for treating wide-necked aneurysms or high-flow territories. Liquid embolization coils, made from materials like cyanoacrylate, detergent , ALGEL, and absolute alcohol , provide easier penetration of vascular structures and are available in various forms, including foams, glue, or embolics. Miniaturized coils, like the GALAXY G3 microcoil by Johnson and Johnson Services Inc., are used to fill open spaces in aneurysms and provide high packing densities with lower patient retreatment rates. Hydrocoils, such as HydroFrame by Terumo Medical Corp., offer mechanical occlusion with less reliance on thrombus formation and improved volume filling and occlusion efficacy, making them suitable for visceral aneurysms, high-flow vascular arteriovenous fistulae, and abdominal aneurysm repair conditions. Moreover, embolization coils with integrated deployment mechanisms, like AZUR Peripheral Hydrocoil - Embolization coils by Terumo Medical Corp., work on both pushable and detachable mechanisms, reducing procedural costs and offering permanent mechanical occlusion for tumor conditions. Overall, these technological advancements are driving the demand for embolization coils and fueling market growth during the forecast period.

The Embolization Coil Market is experiencing significant growth due to the rising prevalence of interventional radiology procedures for various conditions. Cerebrovascular diseases, including those caused by tobacco use, unhealthy diet, and physical inactivity, are major drivers. Coils are used to treat conditions like cerebral aneurysms, cerebral arteriovenous malformations, and arteriovenous fistulas. In cardiology, coils are used for coronary heart disease, rheumatic heart disease, and blockages caused by atherosclerosis. In neurology, they are used for treating brain aneurysms, brain arteriovenous malformations, and neurological symptoms such as headaches, neck pain, and upper back pain. Coils are also used in oncology for cancer cases and hypervascular tumors. Detachable and pushable coils made of platinum , hydrogel, and platinum tungsten alloy are used in arteries and the arterial wall. Coils are used in hospitals, cardiac centers, and ambulatory centers for treating conditions like heart attacks, strokes, aortic aneurysms, thoracic aneurysms, and diabetes. Family history and inheritance are also factors influencing the market. Symptoms such as nausea and vomiting can indicate the need for embolization coil procedures.

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Market
Challenges

• Embolization coils are commonly used in medical procedures to block blood flow in specific areas of the body. However, complications can arise from the use of these coils. Some complications include coil migration, misplacement, incomplete retrieval, coil stretching, and limited length range, leading to non-target embolization. Other risks include aneurysmal perforation and rupture, parent artery occlusion, cerebral embolism, neurological deficits such as stroke and death, puncture site hematoma, thromboembolic episodes, pain, vasospasm, infection, vascular thrombosis, clot formation, hemorrhage, and ischemia. The catheter placement can cause damage to the blood vessel, bruising, bleeding, and infection . Malfunctioning of the embolization coil due to mechanical failures, console defects, cross-contamination, and catheter-based infection transmission are additional concerns. Despite advancements in technology, regulatory bodies continue to report device malfunctions during embolization procedures. These complications may hinder market growth during the forecast period.
• The Embolization Coil Market faces several challenges in the healthcare industry. These include complications such as vasospasm, infection, vascular thrombosis, and clot formation leading to ischemia. Reprocessing and sterilization of coils pose challenges due to mechanical issues and console flaws. Cross contamination is also a concern. Hospitals, ASCs, clinics, and diagnostic centers use various types of embolization coils like 3D, miniaturized, hydrocoils, and conformable 3D shape for conditions like brain and cardiac aneurysms, blood-related disorders, tumors, and vascular diseases. Minimally invasive procedures for liver and kidney cancer, aortic artery disorders, neuroendocrine tumors, and peripheral vascular diseases are on the rise. The World Health Organization emphasizes the importance of addressing these challenges to ensure safe and effective embolization procedures for ischemic heart disease and cardiovascular diseases. Bronchial artery embolization is another application area for embolization coils.

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Segment Overview

This embolization coil market report extensively covers market segmentation by