Global Tumor Embolization Devices Market Segments

The global tumor embolization devices market is expected to decline from $1.45 billion in 2019 to $1.36 billion in 2020 at a compound annual growth rate (CAGR) of -6.24%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $1.82 billion in 2023 at a CAGR of 10.22%. The rise in the number of cancer cases across the globe is likely to contribute to the growth of the tumor embolization devices market during the forecast period. However, the potential loss of revenue due to delays in product release and additional costs incurred due to stringent approval processes puts a strain on investments relating to new product development, thereby affecting the growth of the tumor embolization devices market.

Tumor embolization devices are minimally invasive devices used in the treatment of tumors. These devices are used either to shut down the supply of blood to the tumor or to deliver tumor-killing therapy directly to the tumor. Only goods and services traded between entities or sold to end consumers are included.

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The global tumor embolization devices market is further segmented based on type and geography.
By Type: Radio Embolic Agents, Non-radioactive Embolic Agents
By Application: Cancer Tumors, Noncancerous Tumors.
By Geography: The global tumor embolization devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American tumor embolization devices market accounts for the largest share in the global tumor embolization devices market.

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Trends In The Tumor Embolization Devices Market
Companies in the tumor embolization devices market are increasingly investing in technological advances to provide more efficient devices to the consumers. The advances include the emergence of biocompatible, biodegradable, drug-eluting microspheres that provide effective embolization.
Tumor Embolization Devices Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides tumor embolization devices market overviews, analyzes and forecasts tumor embolization devices market size and growth for the global tumor embolization devices market, tumor embolization devices market share, tumor embolization devices market players, tumor embolization devices market size, tumor embolization devices market segments and geographies, tumor embolization devices market trends, tumor embolization devices market drivers and tumor embolization devices market restraints, tumor embolization devices market’s leading competitors’ revenues, profiles and market shares. The tumor embolization devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.