Embolization Coils Market Size

Embolization Coils Market size is poised to reach USD 3 Billion by the end of 2035, growing at a CAGR of 6% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of embolization coils was USD 2 Billion. The reason behind the growth is impelled by the growing cases of cancer across the globe. As a result, the demand for embolization coils is expected to increase since these coils are used to treat cancerous tumors such as liver tumors and it is also used in those cases of cancer where surgical procedure cannot be considered.

In addition, tumor embolization is a minimally invasive treatment that cuts off the blood supply to a tumor by injecting chemicals directly into a liver artery, hence minimizing blood loss during surgical removal. In 2040, more than 28 million new instances of cancer are anticipated worldwide. 

The growing usage in hematuria management are believed to fuel the embolization coils market. Embolization is considered a secure and reliable process for treating life-threatening hematuria, a disorder that causes persistent, blood in the urine. Moreover, these coils aid in minimizing bleeding.