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US and European Transcatheter Embolization and Occlusion Device Market to Surpass $1.6 Billion by 2022
Date:1/15/2014

TORONTO, Jan. 15, 2014 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the United States and European transcatheter embolization and occlusion (TEO) device markets will expand moderately through 2022, with embolization particles representing one of the fastest-growing segments. In particular, increasing interest in drug-eluting beads (DEBs) and radioembolization spheres in interventional oncology has fueled rapid growth of these markets.

The European radioembolization sphere market will be further boosted by expansion in the United Kingdom a result of the National Health Service's (NHS) Commissioning through Evaluation program, which will evaluate radioembolization as a treatment for liver cancer and fund its use in a small number of patients. While the NHS has yet to decide on widespread coverage of radioembolization, the program will improve awareness of the procedure and encourage other countries to consider expanding reimbursement.

In both the US and Europe, there is considerable competitive activity in the embolization particle market. A recent acquisition made by BTG in the radioembolization space and the US launch of a new DEB product, ONCOZENE, by CeloNova BioSciences have reshaped the competitive landscape. Competitive dynamics are also shifting in the peripheral vascular (PV) plug space. Although St. Jude Medical's AMPLATZER line has historically held a monopoly, in 2013, Reverse Medical's Micro Vascular Plug gained US and European approval, and EndoShape's Medusa Vascular gained approval in the US. ArtVentive Medical Group's EOS device, which is increasingly being used in Europe in the emerging pelvic congestion syndrome indication, will also likely enter the US market in the near future.

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SOURCE Millennium Research Group
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