Embolization Particle Market By Type (Radioembolization Particle, Microspheres Particles, Drug Eluting Beads, PVA Particles, Gelfoam Particles, Others) , By Application (Oncology, Peripheral Vascular Disease, Neurovascular Disease, Urology, Others) By End User (Hospitals, Ambulatory Surgical Centers, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Embolization Particle Market
The embolization particle market was valued at $1.3 billion in 2023 and is projected to reach $3.6 billion by 2033, growing at a CAGR of 10.7% from 2024 to 2033.
An embolization particle is a specialized device designed to perform minimally invasive procedure of obstructing blood vessels. The device finds applications in the treatment of different conditions such as tumors, variceal bleeding, uterine fibroid embolization, and vascular malformations. The major benefits of using embolization particles are that they facilitate targeted treatment and offer customization options regarding the size of particle according to the treatment goals.
Increase in the prevalence of vascular disorders such as arteriovenous malformations and tumors is a key driver of the embolization particle market. In addition, rise in the popularity of minimally invasive procedures propels the growth of the market. Furthermore, advancements in the equipment such as integration of drug-eluting beads augments the development of the market. The use of advanced technologies such as additive manufacturing and nanotechnology for the development of embolization particles is a notable trend gaining prominence in the market. These technologies enhance the precision of the device and assist in delivering tailored treatment to patients based on their profiles & desired outcomes.
However, high cost of embolization particles deters budget-sensitive healthcare facilities from investing in them, restraining the development of the market. Furthermore, handling of the device requires practitioners with significant skills and experience, lack of which hampers the market development. On the contrary, rise in inclination toward sustainability is anticipated to present lucrative opportunities for the embolization particle market growth. Manufacturers are focusing on the generation of biodegradable agents for integration into embolization particles and reduce the impact over environment. Biodegradable agents are efficiently assisting in conditions where temporary embolization is required. The key attributes of a biodegradable agent include fate of degraded fragment, occlusion period, and therapeutic loading capability.
Segment ReviewThe embolization particle market is segmented into type, application, end user, and region. On the basis of type, the market is divided into radioembolization particle, microspheres particles, drug eluting beads, PVA particles, gelfoam particles, and others. Depending on application, it is classified into oncology, peripheral vascular disease, neurovascular disease, urology, and others. By end user, it is categorized into hospitals, ambulatory surgical centers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of type, the radioembolization particle segment dominates the market.
Depending on application, the oncology segment accounts for a high share of the market.
By end user, the hospitals segment acquires a high stake in the market.Region wise, North America is projected to be the highest revenue generator by 2033.
Competition AnalysisThe major players of the global embolization particle market include Boston Scientific Corporation, Medtronic Plc, Merit Medical Systems, Inc., Terumo Corporation, Cook Medical, Stryker Corporation, Penumbra, Inc., Sirtex Medical Limited, Johnson & Johnson, and Kaneka Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
Key Market SegmentsBy TypeRadioembolization Particle
Microspheres Particles
Drug Eluting Beads
PVA Particles
Gelfoam Particles
Others
By ApplicationOncology
Peripheral Vascular Disease
Neurovascular Disease
Urology
Others
By End UserHospitals
Ambulatory Surgical Centers
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA
Key Market PlayersBoston Scientific Corporation
Medtronic plc
Merit Medical Systems, Inc.
Terumo Corporation
Cook Medical
Stryker Corporation.
Penumbra, Inc.
Sirtex Medical Limited
Johnson & Johnson
Kaneka Corporation.