Medical Devices

Thrombectomy Devices Market Share, Trends, Size, Research and Forecast 2019-2025

April 06, 2020 by OMRGlobal

The global thrombectomy devices market is estimated to exhibit a CAGR of over 6.5% during the forecast period. The market growth is attributed to the increasing demand for stent retrievers during the forecast period. Stent retrievers are mechanical thrombectomy products used for treating thrombotic disorders. Stent retrieval devices comprise of a self-expanding stent that is attached to a Guidewire. The self-expanding stent is for the accurate placement of the stent at the occlusion site. The stent is inserted at the occlusion site for covering the thrombus by expanding the stent body. It is then extracted by a stent retrieval device for removing the blood clot entirely.

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The demand for stent retrievers is growing owing to the increasing availability of reimbursement for thrombectomy procedures and the rising number of public-private investments for the development and commercialization of the product. In addition, increasing emphasis on patients on minimally invasive therapeutic procedures further gives a boost to the growth of the global thrombectomy devices industry.

Moreover, the growth of the global thrombectomy devices market is attributed to the rising incidence of chronic diseases owing to the unhealthy living conditions and habits in the current generation and sedentary lifestyle. In addition, the geriatric population leads to the rise in the occurrences of cardiovascular diseases which further fuels the demand for thrombectomy devices and hence drives the growth of the global thrombectomy devices market during the forecast period.

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The increased incidences of stroke among the populations is the key driving factor of the market growth. For instance, according to a research conducted by the National Center for Chronic Disease Prevention and Health Promotion, and Division for Heart Disease and Stroke Prevention during 2015-2017, stroke is responsible for the death of around 140,000 Americans each year, in which around 87% of all strokes are ischemic strokes, in which blood flow to the brain is blocked.

The treatment of the stroke costs around $34 billion each year, which includes the cost of medicines to treat stroke, health care services, and other services. Thus, stroke is the leading reason for death and serious long-term disability among peoples. Hence, the increasing incidences of strokes increase the demand for the treatment devices, in turn, driving the growth of the market.

Current Market Trends Covered in the Global Thrombectomy Devices Market Report:
  • Increased investments in the healthcare infrastructure and development of novel diabetes treatment options is positively affecting the thrombectomy devices market growth
  • The ultrasonic thrombectomy devices segment will exhibit significant growth in the market.
  • An increase in consumer awareness towards the treatment of the diseases is expected to provide a growth rate to the thrombectomy devices industry.
  • Asia-Pacific region will register a significant growth rate in the market during the forecast period.
  • The development of novel treatment methods and partnerships with the organizations will be the key strategy adopted by the players
Global Thrombectomy Devices Market – Segmentation

By Product Type
  • Aspiration Thrombectomy Devices
  • Mechanical Thrombectomy Devices
  • Ultrasonic Thrombectomy Devices
  • Others
By Applications
  • Cardiovascular Thrombectomy
  • Neurovascular Thrombectomy
  • Peripheral Vascular Thrombectomy
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Global Thrombectomy Devices Market – Segment by Region

North America          
  • United States
  • Canada
Europe
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe
Asia-Pacific   
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
Rest of the World
  • Middle East & Africa
  • Latin America
Company Profiles
  • Acandis GmbH
  • Applied Medical Resources Corp.
  • Argon Medical Devices Inc.
  • Boston Scientific Corp.
  • BTG International Ltd.
  • Capture Vascular, Inc.
  • Edwards Lifesciences Corp.
  • Inari Medical, Inc.
  • Johnson & Johnson Services Inc.
  • Koninklijke Philips NV (Spectranetics)
  • Lemaitre Vascular, Inc.
  • Medtronic PLC
  • Merit Medical Systems Inc.
  • NexGen Medical Systems Inc.

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