Transcatheter Embolization And Occlusion Devices Market Size, Share
& Trends Analysis Report and Segment Forecast, 2026| Grand View
Research, Inc
“The global Transcatheter Embolization and Occlusion (TEO) devices market size
was valued at USD 3.27 billion in 2018 and is expected to register a CAGR of 9.7%
over the forecast period.”
The global Transcatheter Embolization And Occlusion Devices Market size is expected to reach USD 6.86 billion by
2026, according to a new study by Grand View Research, Inc. The global market is anticipated to register a strong CAGR
of 9.7% from 2019 to 2026. Key drivers of the TEO devices market include increasing adoption of minimally invasive
surgeries and rising prevalence of cancer.
In addition, wide usage of embolization technique as a treatment for conditions other than cancer, such as vascular
malformations and fibrosis, is fueling the demand for TEO devices globally. Furthermore, introduction of technically
advanced products with enhanced efficiency is supporting the global market growth. On the other hand, high cost,
stringent regulatory approval procedures, and requirement of experienced healthcare professionals to perform TEO
procedures are some of the factors that may have a negative impact on the market development.
Asia Pacific TEO devices market is anticipated to witness highest CAGR from 2019 to 2026 due to increasing healthcare
expenditure and improving healthcare infrastructure. Rapid expansion of medical tourism industry in the emerging
countries of APAC is also boosting the demand for TEO devices. Brazil was the highest revenue-generating country in
Latin America in 2018. Improving healthcare services, growing medical tourism industry, and availability of regulatory
framework in the country are further driving the market in Brazil
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