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(Medical-NewsWire.com, June 11, 2018 ) Global Occlusion Systems Market: Market Dynamics
Occlusion systems are the closure devices used in embolization procedure which are performed to prevent the blood flow to any part of body, which can effectively shrink a tumor or block aneurysm.
Global occlusion systems market is expected to gain traction over the forecast period due to increase in the cancer prevalence worldwide. Furthermore, growth in demand for the techniques to treat cancer coupled with growing awareness is expected to boost the market share over the forecast period. According to WHO, GLOBOCAN 2012 data, about 12.1 million cancer cases in 2012. The number is expected to grow up to 24 million by 2035. In addition, favorable reimbursement policies in developed countries in order to diagnosis and treatment of cancer, growing healthcare spending in developing countries projected to boost the global occlusion systems market during the forecast period. However, high cost of the treatment procedure and stringent regulatory policies are expected to hamper the market growth over the forecast period.
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Market Scope: Global Occlusion Systems Market
Global Occlusion Systems Market is segmented based on type, application, end-user and region
Based on type, global occlusion systems market is segmented into
• Detachable
• Pushable
• Balloon Assisted
• Stent-Assisted
• Others
Based on application, global occlusion systems market is segmented into
• Oncology
• Peripheral Vascular Disease
• Urology
• Others
Based on end user, global occlusion systems market is segmented into
• Hospitals
• Ambulatory Surgical Centers
• Others
By region,global occlusion systems market is segmented into
• North America
• Latin America
• Asia Pacific
• Europe
• Middle East and Africa (MEA)
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Regional Analysis: Global Occlusion Systems Market
Geographically global occlusion systems market is divided into five key regions, i.e. North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. North America occlusion systems market is expected to grow at significant rates owing to the factors such as growing prevalence of cancer, technological advancements,and favorable reimbursement policies in the region.According to National Cancer Institute, in 2016, about1,685,210 new cancer cases diagnosed and 595,690 people will die from the disease in United States alone. Asia Pacific expected to have the lucrative growth opportunity owing to the factors such as growing healthcare spending, government initiatives on growth of awareness related to cancer. In addition expansion of the multinational companies into emerging Asian countries such as India and China projected to further expand the market share of region. Europe occlusion systems market is expected to have significant growth rate due to presence of key competitors growing prevalence of the diseases such as cancer and peripheral vascular diseases.
Competition Assessment:Occlusion Systems Market
Some of the players in global occlusion systemsmarket include
• BVM Medical Ltd. (UK)
• ADVANCED LIFESCIENCES LTD. (India)
• Abbott Laboratories (St.Jude Medical) (U.S.)
• Boston Scientific Corporation (U.S.)
• AtriCure (U.S.)
• Penumbra, Inc. (U.S.)
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Key Features of the Report:
• The report provides granular level information about the market size, regional market share, historic market (2012 to 2016) and forecast (2017 to 2023)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key marketdevelopments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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