Global Thrombectomy Devices Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Thrombectomy Devices Market: Overview
"The Thrombectomy Devices Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
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 patients’ health, especially those experiencing a large artery stroke. Thrombectomy is widely used in developed economies, due to a high number of stroke incidences and increased spending in healthcare facilities.
The increasing prevalence of stroke across the world is a key factor expected to drive the 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 the growth of the target market over the forecast period.
However, the high cost of thrombectomy device procedure cost is a key factor expected to restrain the 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 the appearance of bruises in the area causing pain are some other factors expected to hamper the 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 the highest share over the forecast period, owing to the ongoing commercialization of mechanical thrombectomy products, favorable reimbursement policies, and increasing demand for stent retrievers, and rising preference for minimally invasive thrombectomy procedures.
On the basis of application, the cardiovascular segment is expected to register a significant share in terms of revenue over the forecast period, owing to the increasing incidence of cardiovascular diseases, and the high prevalence of thrombotic diseases.
On the basis of end-user, the ambulatory surgical centers' segment is expected to register a significant share in terms of revenue over the forecast period, owing to the increasing availability of reimbursement policies for thrombectomy procedures in outpatient and an increasing number of image-guided surgeries.
Global Thrombectomy Devices Market: Regional Analysis
The market in North America is expected to dominate the global market in terms of revenue over the forecast period, owing to the increasing incidence of strokes. In addition, technological advancements, and rising demand for minimally invasive products across various countries, especially in the US are expected to further support the growth of the market in this region.
The market in Europe is expected to register a significant revenue share over the forecast period, owing to the rising number of stroke cases and the increasing geriatric population across various countries in the region. The market in the Asia Pacific is expected to account for the highest CAGR, owing to the 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
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 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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