Embolization Coils Market Size

Embolization Coils Market size was valued at USD 2.12 Billion in 2023 and is likely to reach USD 4.63 Billion by 2036, registering around 6.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of embolization coils is estimated at USD 2.24 Billion. The reason behind the growth is impelled by the growing cases of cancer across the globe. As a result, the demand for embolization coils is expected to increase since these coils are used to treat cancerous tumors such as liver tumors and it is also used in those cases of cancer where surgical procedure cannot be considered.

In addition, tumor embolization is a minimally invasive treatment that cuts off the blood supply to a tumor by injecting chemicals directly into a liver artery, hence minimizing blood loss during surgical removal. In 2040, more than 28 million new instances of cancer are anticipated worldwide. 

The growing usage in hematuria management are believed to fuel the embolization coils market. Embolization is considered a secure and reliable process for treating life-threatening hematuria, a disorder that causes persistent, blood in the urine. Moreover, these coils aid in minimizing bleeding.