Thrombectomy Devices Market to show Impressive Growth Rate between 2017 – 2025

Global Thrombectomy Devices Market: Overview

Over the past few years, there have been continuous advancement in medical devices technology and developments of healthcare infrastructure leading to better patient outcomes. Thrombectomy devices are increasingly being used in the treatment of acute ischemic stroke for the removal thrombi from the neurovasculature and the market has witnessed interesting product innovations. The rising incidence of peripheral artery diseases and stroke cases has stimulated the demand for thrombectomy procedures and techniques in healthcare institutions including hospitals. Fuelled by these developments, the global thrombectomy devices market is anticipated to witness a steady growth along the forecast period.

The report is prepared with the help of valuable inputs from a wide spectrum of sources including various industry leaders, key manufacturers, business executives, and industry experts. The research gleans through numerous clinical trials focused on the efficacy of different devices and enumerate the factors leading to an increased adoption of these devices compared to other treatment options. The study provides in-depth insights into the changes in regulatory framework in various regions and evaluates their impact on the product innovations brought by manufacturers. The market share and size of key segments in major regions are analyzed.

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Global Thrombectomy Devices Market: Trends and Opportunities               

The growing trend of acquiring small specialized hospitals by tier-1 hospitals is likely to the global thrombectomy devices market in the next four years. The global thrombectomy devices market is driven by increasing prevalence of chronic diseases, rise in the geriatric population, and soaring demand for minimally invasive procedures. A significant part of ageing population suffers from various cardiovascular diseases stimulating the demand for thrombectomy devices.

Furthermore improvements in healthcare infrastructure and intensive competition among market players have led to various product innovations and technological enhancements in thrombectomy devices. The absence of expertise required to operate these devices and paucity of randomized clinical trials have led to safety and efficacy concerns of these devices. This is likely to hamper the market growth to an extent. Nevertheless, the emergence of various advanced technologies in the manufacture of these devices such as lasers radiation and 3D imaging are expected to open promising opportunities for market players.

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Global Thrombectomy Devices Market: Regional Outlook

The Americas is a prominent market for thrombectomy devices and is expected to exhibit impressive growth along the forecast period. The regional growth is primarily driven by the increasing incidence of various cardiovascular diseases and the preference of cardiologists for using peripheral vascular procedures.

Asia Pacific is an emerging market for thrombectomy devices and provides promising growth opportunities for the leading market players. Growth witnessed by the market in Asia Pacific is driven by high prevalence of peripheral artery disease (PAD), the launch of technologically advanced devices, rising investment in healthcare infrastructure, and awareness for cardiovascular diseases. Furthermore, favorable government regulations in countries such as India and China are expected to propel the market’s growth in the region.

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Global Thrombectomy Devices Market: Competitive Landscape

The global thrombectomy devices market is fairly fragmented with the presence of numerous large small-sized players. Manufacturers are actively offering products advancements and upgrades to gain a stronghold in the market. In addition, mergers and acquisition are adopted by the key market players to consolidate their shares. Major market players operating in this market include Boston Scientific Corporation, Medtronic Plc, Teleflex Incorporated, Penumbra Inc., The Spectranetics Corporation, AngioDynamics, Inc., Terumo Corporation, Johnson and Johnson, Inc., Stryker Corporation, and Vascular Solutions, Inc.

 The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

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