Embolization Coils Market Trends

Growth Drivers

• Rising Demand for Minimally Invasive Procedures – The preference for minimally invasive techniques has increased noticeably since these procedures provide more surgical technique precision higher accuracy than open surgery, faster recovery, and less discomfort as compared to surgical procedures. This has significantly driven embolization coils market growth.
  Embolization doesn't require significant cuts to the skull and is a significantly less invasive method to control bleeding than open surgery. Moreover, this method is less intrusive and necessitates a shorter recovery period.
• Growing Geriatric Population- The elderly population is more prone to age-related diseases such as uterine fibroids, and liver tumors, and the rising number of elderly populations across the globe is estimated to drive embolization coils market. The embolization coil technique is mostly preferred by elderly people since it is less invasive which makes it more suitable for them. According to estimates, the number of individuals in the world who are 60 or older will increase to more than 2 billion by 2050.

Challenges

• Exorbitant Cost of Treatment – The embolization coil treatment involves the usage of expensive medical equipment such as advanced catheters, which increases the overall cost of the treatment. In addition to performing the treatment highly skilled medical professionals are required, which are expensive to acquire.
• Strict Rules and Regulations
• Reimbursement Issues