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Abetment To Innovation To Drive The Balloon Assisted Coiling Market

Balloon-assisted coiling is a well-established technique for treatment of wide-necked cerebral aneurysms. The balloon assisted coiling market is expected to grow significantly during the forecast period due to increasing prevalence of an aneurysm and intracranial disorder.

The global balloon assisted coiling market is segmented on the basis of type of balloon, end-user and region. On the basis of product type, the global balloon assisted coiling market is segmented into equinox balloon, commodore balloon and hyperform balloon. On the basis of end-user, the market is segmented into hospitals, clinics and ambulatory surgical services.

With the COVID-19 breakout in December 2019, the disease has affected more than 200 countries. Therefore, it is important to take this into consideration while addressing balloon assisted coiling market. The disease may have led to temporary lag in the balloon assisted coiling market, but in the long run the balloon assisted coiling market is expected to pace up and flourish at a significant rate during the forecast period 2020-2030.

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Balloon Assisted Coiling Market: Drivers and Restraints

One major factor that is expected to drive the growth of the balloon assisted coiling market is the rising prevalence of intracranial disorder and aneurysm.  Advancement in technology and improvement in the healthcare sector are also expected to drive the growth of the market during the forecast period. Moreover, increasing awareness, undergoing improvement in reimbursement scenario may also boost the growth of the balloon assisted coiling market.

The increasing no.initiatives taken by the government and growing adoption of surgical procedures that are minimally invasive are expected to show significant growth in the global balloon assisted coiling market.

However, complex surgery and the high cost associated with it may hamper the growth of the market. Additionally, the limited availability ofprofessionals that are skilled or experienced may also hinder the growth of the balloon assisted coiling market.

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Balloon Assisted Coiling Market: Segmentation

Based on product type
  • Equinox balloon
  • Commodore balloon
  • Hyperform balloon
Based on end user
  • Ambulatory surgical services
  • Hospitals
  • Specialty clinics
Based on region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Balloon Assisted Coiling Market: Regional-WiseOutlook

The balloon assisted coiling market is segmented into 5 regions which includes North America, Europe, Asia Pacific, Latin America and Middle East &Africa. Rise in healthcare expenditure and increasing adoption of balloon assisted coiling surgery are factors that are expected to lead North America in the global market for balloon assisted coiling market.

Europe is expected to experience rapid growth in the global balloon assisted coiling market due to growing healthcare facilities. Factors like growing awareness, quick improvement in healthcare sector and large population especially in countries like China and India are expected to drive the growth of the balloon assisted coiling market in Asia Pacific.

In the Middle East & Africa limited growth is expected in the global balloon assisted coiling market due to underdeveloped healthcare sector and limited economic growth.

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