PUBLISHER: The Business Research Company | PRODUCT CODE: 1712618
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712618
Tumor embolization devices are minimally invasive instruments employed in the treatment of tumors. These devices serve the purpose of either occluding the blood supply to the tumor or delivering therapeutic agents directly to the tumor site.
The primary categories of tumor embolization devices include radioembolic agents and non-radioactive embolic agents. Non-radioactive embolic agents encompass materials like gelatin foam, tris-acryl gelatin microspheres, and polyvinyl alcohol (PVA) that are utilized in the treatment of tumors. These applications are relevant to both cancerous and noncancerous tumors, and the devices are employed by various end-users, including hospitals, cancer treatment centers, intensive care units, and surgical centers.
The tumor embolization devices market research report is one of a series of new reports from The Business Research Company that provides tumor embolization devices market statistics, including tumor embolization devices industry global market size, regional shares, competitors with a tumor embolization devices market share, detailed tumor embolization devices market segments, market trends and opportunities, and any further data you may need to thrive in the tumor embolization devices industry. This tumor embolization devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The tumor embolization devices market size has grown strongly in recent years. It will grow from $1493.6 billion in 2024 to $1600.57 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to minimally invasive procedures, technological advancements, cancer incidence, aging population.
The tumor embolization devices market size is expected to see strong growth in the next few years. It will grow to $2286.1 billion in 2029 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to personalized medicine, combination therapies, image-guided embolization, telemedicine and remote consultations. Major trends in the forecast period include innovations in embolic agents, transarterial chemoembolization (tace), embolization for palliative care, image-guided procedures.
The increasing global prevalence of cancer is expected to drive the growth of the tumor embolization devices market during the forecast period. For example, in October 2022, Macmillan Cancer Support, the largest healthcare charity in the UK, projected that the number of cancer cases would reach 3.5 million by 2025, 4 million by 2030, and 5.3 million by 2040. As a result, the rising cancer incidence worldwide is likely to fuel the demand for tumor embolization devices in the coming years.
The growth in healthcare expenditures is set to drive the tumor embolization devices market. Healthcare expenditures include all costs related to providing healthcare services, such as family planning, nutrition programs, and emergency health assistance. Increased spending in healthcare facilitates the development of various health-related products, including tumor embolization devices. For instance, according to economic forecasts from the Office for Budget Responsibility (OBR) and the Treasury, a UK-based non-departmental public body, the UK's health spending is expected to rise to £192 billion ($244.43 billion) in 2024/25, compared to £182 billion ($231.70 billion) in 2022/23. Thus, the increase in healthcare expenditures is a key factor driving the growth of the tumor embolization devices market.
Key players in the tumor embolization devices market are developing innovative products, such as angiography systems, to improve the accuracy and effectiveness of tumor-targeted treatments. Angiography systems are specialized imaging tools used to visualize blood vessels and evaluate blood flow within the body. For example, in June 2022, Siemens Healthineers, a Germany-based healthcare company, introduced the Artis Icono Ceiling. This ceiling-mounted angiography system is designed to enhance precision in tumor embolization and other interventional procedures. The Artis Icono Ceiling features rapid three-dimensional (3D) data acquisition, capturing images at the patient's head in just 2.5 seconds and from the sides in 4 seconds. This minimizes motion artifacts and reduces the need for contrast media. The system is versatile, making it suitable for various specialties, including interventional radiology and cardiology.
Major companies in the tumor embolization devices market are emphasizing the introduction of innovative treatments, such as Eye90, to maximize market revenue. Eye90 microspheres are a Y90 radioembolization device specifically designed for the treatment of liver tumors, particularly hepatocellular carcinoma. In May 2023, ABK Biomedical, a Canada-based medical device company, obtained Investigational Device Exemption (IDE) approval from the US Food and Drug Administration (FDA) to initiate a multicenter pivotal study of Eye90 microspheres in hepatocellular carcinoma. These microspheres are produced through a proprietary manufacturing process, resulting in uniform size distribution and high radioactivity concentration. They are designed to deliver a high dose of radiation to the tumor while minimizing exposure to healthy tissue.
In August 2022, Boston Scientific, a US-based medical device manufacturer, acquired Obsidio Inc. to strengthen its portfolio in interventional oncology and embolization. Obsidio is a US-based developer of embolization gel.
Major companies operating in the tumor embolization devices market include Boston Scientific Corporation, Medtronic PLC, Terumo Corporation, Sirtex Medical Limited, Merit Medical Systems Inc., Cook Medical LLC, AngioDynamics Inc., Siemens Healthineers AG, Johnson & Johnson, Penumbra Inc., Teleflex Incorporated, Meril Life Sciences Pvt. Ltd., Kaneka Corporation, Imagion Biosystems Ltd., Guerbet, BTI Biotechnology Institute S.L., BTG International, Avinger Inc., Shape Memory Medical Inc., Delcath Systems Inc., Endoshape Inc., InSitu Technologies Inc., Monteris Medical Corporation, NeuWave Medical Inc., Neoprobe Corporation, OncoSec Medical Incorporated, Helomics Corporation, Hologic, Surefire Medical Inc., Varian Medical Systems Inc.
North America was the largest region in the tumor embolization devices market in 2024. Asia-Pacific was the second largest region in the tumor embolization devices market. The regions covered in the tumor embolization devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the tumor embolization devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The tumor embolization devices market consists of sales of radioembolic agents and non-radioactive embolic agents. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Tumor Embolization Devices Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on tumor embolization devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for tumor embolization devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The tumor embolization devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.