At the end of 2021, the global blood clot retrieval devices market was estimated to be worth approximately US$ 1.4 billion. The market is expected to grow at a 15.0% CAGR and reach a value of US$ 5.7 billion by 2032.
The use of blood clot retrieval equipment reduces the risk of paralysis or brain damage. This surgical method aids in the removal of blood clots from the patient’s brain. Patients with blood clots in the brain are subjected to invasive surgery that entails the removal of arteries leading to the brain. Blood clot retrieval devices are used to treat two forms of strokes: ischemic and hemorrhagic, which are both caused by a decrease in blood supply to the brain.
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Thrombectomy devices, also known as blood clot retrieval devices, are beneficial in removing blood clots by widening the arteries. When blood clots form in the brain, retrieval devices for blood clots can be quite helpful in removing them.
Blood clot retrieval devices are in high demand as consumers become more aware of the favourable payment rules in the majority of nations, as well as the availability of minimally invasive surgery choices. The availability of improved healthcare infrastructure is driving growth in the market for blood clot retrieval devices. People’s disposable income is increasing, hence the market is expanding. As disposable income has increased, so has spending on medical facilities. As surgeons increasingly prefer image-guided treatments, the market is expected to grow significantly over the projected period.
Blood Clot Retrieval Devices Market: Drivers and Restraints
The global market for blood clot retrieval devices is expected to be driven by the advancement in technology and increased the prevalence of stroke. Moreover, increased use of blood clot retrieval devices in elderly patients, improved patient selection using imaging and clinical results, use of an advance instrument for guiding catheter placement are some factors anticipated to fuel the growth of global portable ultrasound scanners market within the forecast period of 2016-2026.The restraining factor for the blood clot retrieval devices market is a lack of trained professionals, futile recanalization procedures which occur due to unfavorable result and device malfunctioning during blood clot retrieval.
Blood Clot Retrieval Devices Market: Regional Overview
Region wise, the global Blood Clot Retrieval Devices market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America dominated the global market for blood clot retrieval devices because of better reimbursement policies for diagnostic procedures. Increasing number of local players providing blood clot retrieval devices at lower cost in countries such as China is expected to boost the market growth in APEJ region.
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Blood Clot Retrieval Devices Market: Key Players
Some of the key players in global Blood Clot Retrieval Devices market include Bayer HealthCare LLC, Boston Scientific Corp., Argon Medical Devices Inc., Medtronic plc. Teleflex Incorporated, Penumbra Inc., AngioDynamics, Inc., Terumo Corporation, Johnson and Johnson, Inc., ECKOS Corporation and others. Most of the providers of blood clot retrieval devices are adopting the strategy of providing these products through e-commerce, so that buyers can browse the products according to their needs.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Blood Clot Retrieval Devices Market: Segmentation
The global blood clot retrieval market is classified on the basis of stroke type, device type, end user and geography.
Based on stroke type, the global blood clot retrieval devices market is segmented into the following:
- Ischemic Stroke (blood clot)
- Hemorrhagic Stroke(rupturing of arteries)
- Transient Ischemic Attack
Based on device type, the global blood clot retrieval devices market is segmented into the following:
- Mechanical EmbolusRemoval Devices
- Penumbra Blood Clot Retrieval Devices
- Stent Retrievers
- Ultrasound Assisted Devices
Based on end user, the global blood clot retrieval device market is segmented into the following:
- Hospitals
- Diagnostic centers
- Clinics
- Ambulatory Surgical Centers
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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