According to our new market research study on “Micro coil Market” the market is expected to reach US$ 1,151.53 million by 2028 from US$ 836.30 million in 2021. The market is estimated to grow with a CAGR of 4.7% from 2021 to 2028. The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth.
Factors such as rising prevalence of cardiac aneurysm across the world and surging incidence of neurovascular diseases are expected to boost the growth of the global Micro coil market. However, the market is likely to get impacted by the high cost of micro coils for embolization procedures during the forecast period.
Micro coil or Embolization coils are the minimally invasive devices to diagnose and treat a patient from within a blood vessel. The process is done using continual X-ray visualization and high-speed radiographic filming techniques. After the procedure, the catheters are removed, patients are transferred to Intensive Care for monitoring and further care. These micro coils are made of soft platinum metal, Platinum Tungsten Alloy, and Platinum & Hydrogel and are shaped like a spring.
Top Companies
Terumo Corporation; Medtronic; Boston Scientific Corporation; Stryker Corporation; Cook Medical LLC; Penumbra, Inc.; Balt USA LLC; Johnson and Johnson Services, Inc.; Classic Coil Company; and KANEKA CORPORATION are among the leading companies operating in the Micro coil market.
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Micro coil or Embolization coils are the minimally invasive devices to diagnose and treat a patient from within a blood vessel. The process is done using continual X-ray visualization and high-speed radiographic filming techniques. After the procedure, the catheters are removed, patients are transferred to Intensive Care for monitoring and further care. These micro coils are made of soft platinum metal, Platinum Tungsten Alloy, and Platinum & Hydrogel and are shaped like a spring.
Market leaders operating in the market have undertaken various organic growth strategies in the micro coil market. The micro coil market majorly consists of the players including Terumo Corporation, Medtronic, Boston Scientific Corporation, Stryker Corporation, Cook Medical LLC, Penumbra, Inc., Balt USA LLC, Johnson and Johnson Services, Inc., Classic Coil Company, and KANEKA CORPORATION, among others. The companies have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. The companies have utilized organic strategies such as new product launches, expansion, and product approvals.
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