Transcatheter Embolization and Occlusion Devices Market Anticipated to Experience Substantial Growth as Technology Advances and Companies Continue to Expand Through Acquisition

The transcatheter embolization and occlusion (TEO) devices market size is expected to grow significantly owing to a rise in the incidence of chronic diseases as well as continued innovations in technology and acquisitions in the industry. The synthetic biology market is expected to have a potential market of USD 12.14 billion by 2029 which was valued at USD 6.32 billion in 2022 according to detailed research by Maximize Market Research and is expected to grow at a compound annual growth rate (CAGR) of 9.8% throughout the forecast period.

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Market Overview, Drivers, Growth, and Opportunities

TEO devices market includes such medical devices that use minimally invasive procedures to either occlude or restrict the blood flow to a particular region of the body. Embolization devices such as embolic coils, liquid embolic agents, particle embolization agent, occlusion plugs and balloon occlusion catheter, are used for the treatment of tumor, aneurysm, arteriovenous malformations (AVMs), and uterine fibroids. The increasing demand for these treatments owing to the advantages they provide over conventional surgeries, such as smaller trauma, shorter recovery times, and hospital stays, is a major driving factor for market growth.

Contributing To The Growth Of TEO Devices Market Are:

Technological improvements: Device design and imaging leaps ahead have stepped up the efficiency and safety profile of TEO and made the process more available and appealing to patients and healthcare employees.

Rising Incidence of Chronic Diseases: Global increase in number of diseases such as cancer and cardiovascular diseases are expected to increase demand for TEO procedures across the globe.

Growing elderly population — The rapidly growing population worldwide will also increase the number of diseases that need embolization procedures, influencing the growth of the market.

Healthcare Expenditure: Global increase in the expenditure on healthcare have led to the increased availability of the advanced medical technologies such as TEO which will drive the demand for these devices attached directly to the skin.

Further market growth opportunities exist by broadening the indications on TEO devices to address a wider variety of conditions, by entering emerging markets in the Asia Pacific, Latin American, and African regions, and by incorporating artificial intelligence to improve procedural accuracy and outcome.

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2024 Trends and Investments in the U.S. Market

The year 2024 brought us even more progress in TEO devices, but this time through numerous M&A in the USA market. One of the most significant is Stryker's $4.9 billion definitive agreement to purchase Inari Medical. The deal is aligned with Stryker's business as Inari's devices address venous thromboembolism (VTE) conditions, which would expand on Stryker's neurovascular business. It highlights the ongoing consolidation trend in the industry with acquisitions made to broaden offerings and increase market reach.

Market Segmentation: Leading Segments

Based on Product Type, the TEO devices market is segmented into TEO devices (Ensemble TEOs [Full Field Imaging TEOs, Transmission TEOs, Other TEOs) and Fast Track TEO devices (Echocardiography TEOs, CT Angiography TEOs, Doppler Example TEOs, Other TEOs]); Based on Indication, the TEO devices market is segmented into Unplanned Haemorrage, CAD andPeripheral Artery Disease and Other Indications; and Based on End-user the TEO devices market is segmented into Hospital, Diagnostic Center and other Of these, the segment of embolization coils accounted for the largest market share. Embolization coils are utilized from the range of coils in this domain, due to its application in several ailments including aneurysms, AVMs (arteriovenous malformations), and hypoglossal duct syndromes. It is their precision in occluding blood vessel which most have opted for.

Market Leadership: Competitive Analysis of Major Players

The global TEO devices market is fragmented as some companies have higher shares which drive the market heavily. The five companies with the biggest market shares include:

Boston Scientific Corporation: Boston Scientific is a pioneer in the creation of medical devices and carries a wide selection of TEO devices. The company received FDA 510(k) clearance for its Fibered Detachable Coil 'Embold,' to occlude or reduce blood flow in the peripheral vasculature, in April 2022.

Terumo Corporation Terumo Corporation has been the leading producer of sophisticated embolization solutions. In July 2021, the company launched AZUR Vascular Plug that works with a microcatheter through which it is delivered to arteries of up to 8mm in diameter and is intended for embolization (also furthering its embolization portfolio).

Medtronic — an innovative global leader in healthcare solutions, Medtronic offers more varied TEO devices. Due to the company's strong emphasis on innovation and growth through the acquisition of strategic complementary target markets, the company has earned a firm position within the market.

Stryker: In 2024, Stryker agreed to acquire Inari Medical for $4.9 billion to strengthen Stryker's neurovascular franchise. Stryker's new acquisition, devices that treat venous thromboembolism, expands its offering into a broader array of conditions with potentially large markets juxtaposed to Stryker's current orthopedics portfolio.

Abbott Laboratories–Abbott=encompass a variety of medical devices such as embolization and occlusion device. Their strength in TEO devices is fortified by the commitment toward technological innovation underpinned by strategic investments.

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Regional Analysis

At global level, North America dominates the global TEO devices market with a share of 40.2%, 2022). The stronghold is due to the presence of well-established healthcare infrastructure, high burden of chronic diseases, and high expenditure on healthcare in the region. Existence of major market players, along with favorable reimbursement policies in the region is likely to further boost the market.

Continued Growth from 2023 to 2029: The Asia Pacific Region Some of the key driving forces for this growth are: growing investment in health care, increasing burden of chronic diseases, and rising awareness of minimally invasive procedures.

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