Liquid Embolic Agent Market Share and New Trends Analysis: By Its Type, Application, End-use and Forecast for period from 2024 to 2031

In the "Liquid Embolic Agent market", the main focus is on keeping costs low and getting the most out of resources. Market research provides details on what people want (demand) and what's available (supply). This market is expected to grow by 8.5%% each year, from 2024 to 2031.

Liquid Embolic Agent Market Outlook

A liquid embolic agent is a material used in embolization procedures to block or reduce blood flow to a specific area in the body, typically in treating vascular malformations, aneurysms, and tumors. These agents are injected into the blood vessels and solidify, causing the vessels to occlude and prevent further blood flow. The commonly used liquid embolic agents in medical procedures include Onyx, n-Butyl Cyanoacrylate, and Ethylene Vinyl Alcohol Copolymer.

The Liquid Embolic Agent Market is expected to grow at a CAGR of % during the forecasted period(2024 - 2031) due to the increasing prevalence of vascular diseases and the rising demand for minimally invasive procedures. Technological advancements, the development of new and improved liquid embolic agents, and the growing adoption of these agents in interventional radiology and neurosurgery are also driving market growth.

The current trends in the liquid embolic agent market include the increasing preference for minimally invasive treatments, the rising investments in research and development, and the expanding applications of liquid embolic agents in different medical specialties. The future outlook for the market is promising, with significant opportunities for innovation, collaboration, and growth in the coming years.

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Liquid Embolic Agent Market Segmentation

The Liquid Embolic Agent Market Analysis by types is segmented into:

• 6% EVOH
• 8% EVOH

Liquid embolic agent market types refer to the different formulations of agents used in the endovascular treatment of cerebral aneurysms and arteriovenous malformations. 6% EVOH and 8% EVOH are two popular formulations that contain different concentrations of ethylene vinyl alcohol copolymer, a biocompatible material that solidifies upon contact with blood to occlude blood vessels. The 6% EVOH market refers to products with a 6% concentration of EVOH, while the 8% EVOH market refers to products with an 8% concentration. Both formulations offer effective embolization for different clinical applications.

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The Liquid Embolic Agent Market Industry Research by Application is segmented into:

• Arteriovenous Malformations
• Hypervascular Tumors
• Other

Liquid embolic agents are used in the treatment of arteriovenous malformations, hypervascular tumors, and other conditions where abnormal blood vessels need to be blocked off. Arteriovenous malformations are abnormal connections between arteries and veins, while hypervascular tumors have an excessive amount of blood vessels. These agents are also used in other markets such as in the treatment of aneurysms and vascular malformations. They work by blocking off blood flow to the affected area, leading to its shrinkage or elimination.

Geographical Regional Spread of Liquid Embolic Agent Market

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The regional analysis of the Liquid Embolic Agent Market covers several key regions around the world and provides insights into market trends, opportunities, challenges, and the competitive landscape in each region.

North America, specifically the United States and Canada, is expected to dominate the Liquid Embolic Agent Market due to the presence of well-established healthcare infrastructure, increasing prevalence of neurological disorders, and rising demand for minimally invasive procedures. The region is also home to several key market players that are driving innovation and product development in the market.

In Europe, countries such as Germany, France, the ., Italy, and Russia are expected to witness significant growth in the Liquid Embolic Agent Market. This growth is attributed to the growing geriatric population, increasing healthcare expenditure, and rising awareness about the benefits of liquid embolic agents in treating neurovascular diseases.

The Asia-Pacific region, including countries like China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia, is expected to witness rapid growth in the Liquid Embolic Agent Market. This growth is driven by the increasing incidence of strokes and aneurysms, improving healthcare infrastructure, and rising investments in research and development activities.

Latin America, including countries like Mexico, Brazil, Argentina, and Colombia, is also expected to show considerable growth in the Liquid Embolic Agent Market. The region is witnessing a rising prevalence of neurovascular diseases and an increasing focus on improving healthcare facilities, which is driving market growth.

In the Middle East & Africa region, countries like Turkey, Saudi Arabia, the UAE, and Korea are expected to witness moderate growth in the Liquid Embolic Agent Market. The market in these regions is driven by improving healthcare infrastructure, rising investments in healthcare facilities, and increasing awareness about neurovascular diseases and their treatment options.

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Primary Catalysts and Hindrances of the Liquid Embolic Agent Market

Key drivers propelling growth in the Liquid Embolic Agent Market include increasing prevalence of neurovascular diseases, growing adoption of minimally invasive procedures, and advancements in liquid embolic technologies. To overcome barriers and challenges such as high cost, limited reimbursement, and regulatory hurdles, industry players are focusing on developing innovative solutions like launching cost-effective products, expanding distribution networks, and investing in R&D for new formulations. Additionally, strategic partnerships and collaborations are being leveraged to create market opportunities and enhance overall competitiveness in the liquid embolic agent market.

Liquid Embolic Agent Major Market Players 

• Medtronic
• Terumo
• Balt
• MicroVention
• CERENOVUS
• Meril Life
• Saikesaisi Holding

Medtronic, a well-established player in the liquid embolic agent market, offers its product, the Onyx Liquid Embolic System, which is utilized in the treatment of brain aneurysms. The company has shown steady market growth over the years and continues to innovate with the development of new technologies for neurovascular interventions. Their sales revenue for the liquid embolic agents market is estimated to be around $30 million.

Another key player, Terumo, is known for its product, the n-BCA Liquid Embolic System, used for the treatment of arteriovenous malformations. Terumo has been expanding its market presence globally and has seen considerable growth in recent years due to its advanced technologies and strong product portfolio. Their sales revenue for liquid embolic agents is estimated to be around $25 million.

Balt, a French company, specializes in intervention neuroradiology and offers the Silk Vista Flow Diverter for the treatment of intracranial aneurysms. The company has experienced significant market growth due to its focus on research and development and expanding its product offerings. Their sales revenue in the liquid embolic agent market is estimated to be around $15 million.

MicroVention, a subsidiary of Terumo, is known for its liquid embolic agent, the Onyx HD-500, which is used for the treatment of brain arteriovenous malformations. The company has shown strong market growth and a solid product pipeline, positioning itself as a key player in the liquid embolic agent market. Their sales revenue for this market segment is estimated to be around $20 million.

Overall, the liquid embolic agent market is competitive, with key players such as Medtronic, Terumo, Balt, and MicroVention leading the way in market growth, innovation, and sales revenue. These companies are expected to continue expanding their market presence and product offerings in the coming years.

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Liquid Embolic Agent Market Growth Prospects and Future Outlook

The Liquid Embolic Agent market is expected to witness significant growth in the forecast period, driven by increasing cases of cerebral aneurysms, arteriovenous malformations, and other vascular disorders. Key growth drivers include advancements in embolization techniques, increasing adoption of minimally invasive procedures, and growing demand for non-surgical treatment options.

Innovative growth drivers such as product launches, strategic partnerships, and mergers & acquisitions are expected to further propel market growth. The market entry strategies could include collaborations with healthcare providers, distribution partnerships, and geographic expansion.

The global Liquid Embolic Agent market is projected to grow at a CAGR of around 10% during the forecast period, reaching a market size of over $1 billion by 2026. Factors influencing purchasing decisions include efficacy, safety, cost-effectiveness, and ease of use. Demographic trends such as an aging population and rising prevalence of vascular diseases will also drive market growth. Different consumer segments such as hospitals, ambulatory surgical centers, and specialty clinics are expected to be key end-users of Liquid Embolic Agents.

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