Global Thrombectomy Devices Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Thrombectomy Devices Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global thrombectomy devices market report has been segmented on the basis of product type, end user, and region.
Global Thrombectomy Devices Market: Overview
Thrombectomy procedures allow surgeons to use a mechanical device to break up or remove the blood clot and restore normal blood flow. It helps neurosurgeons to improve patient’s health, especially those experiencing a large artery stroke. Thrombectomy is widely used in developed economies, due to high number of stroke incidences and increased spending in healthcare facilities.
Global Thrombectomy Devices Market: Dynamics
Increasing prevalence of stroke across the world is a key factor expected to drive growth of the global market over the forecast period.
In addition, increasing incidences of deep vein thrombosis (DVT) and pulmonary embolism (PE), are some other factors expected to further fuel growth of the target market over the forecast period.
However, high cost of thrombectomy device procedure cost is a key factor expected to restrain growth of the global market over the forecast period. In addition, some other side effects of thrombectomy devices such as bleeding from the area where the catheter is inserted, and appearance of bruise in the area causing pain are some other factors expected to hamper growth of the target market in the near future.
Technological advancements for manufacturing innovative thrombectomy devices, favorable reimbursement policies, and increasing investment in R & D activities for improving healthcare infrastructure are some factors expected to create potential revenue opportunities for players operating in the target market over the forecast period.
Global Thrombectomy Devices Market: Segment Analysis
On the basis of product type, the mechanical thrombectomy devices segment is expected to account for highest share over the forecast period, owing to ongoing commercialization of mechanical thrombectomy products, favorable reimbursement policies, increasing demand for stent retrievers, and rising preference towards minimally invasive thrombectomy procedures.
On the basis of application, the cardiovascular segment is expected to register significant share in terms of revenue over the forecast period, owing to increasing incidence of cardiovascular diseases, high prevalence of thrombotic diseases.
On the basis of end user, the ambulatory surgical centers segment is expected to register significant share in terms of revenue over the forecast period, owing to increasing availability of reimbursement policies for thrombectomy procedures in outpatient and increasing number of image-guided surgeries.
Global Thrombectomy Devices Market: Regional Analysis
The market in North America is expected to dominate in the global market in terms of revenue over the forecast period, owing to increasing incidence of strokes. In addition, technological advancements, and rising demand for minimally invasive products across various countries, especially in the US is expected to further support growth of the market in this region. The market in Europe is expected to register significant revenue share over the forecast period, owing to rising number of stroke cases and increasing geriatric population across various countries in the region. The market in Asia Pacific is expected to account for highest CAGR, owing to increasing patient pool and increasing disposable income in countries in this region.
Global Thrombectomy Devices Market Segmentation:
Segmentation by product type:
- Mechanical Thrombectomy Devices
- Aspiration Thrombectomy Devices
- Hydrodynamic Thrombectomy Devices
- Ultrasonic Thrombectomy Devices
Segmentation by application:
- Peripheral Vascular
Segmentation by end user:
- Ambulatory Surgical Centers
- Research Laboratories and Academic Institutes
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Applied Medical Resources Corporation
- Argon Medical Devices, Inc.
- Boston Scientific Corporation
- Johnson & Johnson
- Medtronic Plc
- Capture Vascular, Inc.
- Claret Medical, Inc.
- Control Medical Technology, LLC
- Edwards Lifesciences Corporation
- Merit Medical Systems, Inc.
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