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The Japanese Embolization Particle Market Will Witness Significant Market Activity And Rapid Growth Due To New Product Approvals
Date:9/25/2013

TORONTO, Sept. 25, 2013 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the Japanese transcatheter embolization and occlusion (TEO) device market will expand as a number of new products enter the market through 2021. The embolization particle segment will witness the most market activity and fastest growth as a result of numerous product approvals and significant merger and acquisition activity.

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"Traditionally, gelatin sponge particles were the only embolization particles available for TEO procedures in Japan," said MRG Analyst Michelle Chan. "Over the next few years, the entry of drug-eluting beads (DEBs), microspheres and radioembolization spheres will cause substantial market growth because these products will allow for novel ways to perform transcatheter arterial chemoembolization, especially in complex cases where gelatin sponge particles are ineffective."

For example, the newer embolization particles can be used for more targeted treatment of liver cancer, which is highly prevalent in Japan. These novel products, as opposed to traditional treatment methods, can also be used in patients with deteriorated liver function. As a result, DEBs, microspheres and radioembolization spheres will be adopted rapidly despite their premium price.

Competitive dynamics are also constantly changing in the embolization particle market. In addition to the entrance of new competitors, acquisitions have become more common. A recent example is BTG's acquisition of Nordion's TheraSphere radioembolization sphere product, a move that will further diversify its embolization particle offerings, which also include DEB and microsphere products
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SOURCE Millennium Research Group
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