According to a study by FMI, the global ischemic stroke aspiration systems market growth is expected to reach around US$ 648.7 million in 2023. The overall market is anticipated to continue expanding at an outstanding CAGR of 9.9% over the forecast years from 2023 to 2033. A substantial market expansion has been made possible by the growing demand for ischemic stroke aspiration systems, especially from hospitals and clinics. As a consequence, by 2033, the size of the global market is anticipated to reach an amazing US$ 1,672.8 million.
Since ischemic stroke is still the top cause of disability and mortality, healthcare institutions must employ cutting-edge and effective medical equipment to enhance patient outcomes. Ischemic stroke aspiration devices, which promote easy and fast recanalization of blocked blood arteries, are a minimally invasive and highly effective treatment option.
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The increased prevalence of hypertension, diabetes, and obesity has caused an increase in ischemic stroke occurrences fueling the demand for dependable medical solutions further. Further, the implementation of ischemic stroke aspiration devices has also been accelerated by improvements in medical technology and a great understanding of the advantages of prompt intervention.
Devices are being used in many sectors outside of healthcare, like in preclinical research and clinical trials for stroke therapies in research and development. Apart from that, the use of ischemic stroke aspiration devices in medical teaching and training has grown significantly creating new opportunities in the market.
Key Takeaways from the Global Ischemic Stroke Aspiration Systems Market Study Report by FMI:
- The regional market in North America was figured out to capture 34.4% of the global sales of ischemic stroke aspiration systems in 2022. The United States lead among the countries by contributing almost 31.8% of the global revenue generated that year.
- Europe, with a global market share of 32.7% in 2022, followed North America in the adoption of ischemic stroke aspiration systems. Germany, with a strong manufacturing industry base, contributed to nearly 8.8% of global sales and dominated Europe’s market.
- The demand for ischemic stroke aspiration systems in the United Kingdom is poised to witness a year-on-year growth rate of 9.5% through 2033.
- The expanding demand from hospitals and clinics is driving the sales of ischemic stroke aspiration systems in the Asia Pacific region, which is growing significantly. China and India are mainly poised to witness impressive CAGRs of 13.2% and 12.8% respectively over the next ten years.
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Competitive Landscape for the Ischemic Stroke Aspiration Systems Market Players:
Leading players have made enormous investments in research and development to create aspiration systems that are extremely effective, safe, and user-friendly. FMI trend analysis reveals that the new industries getting involved in the manufacture and distribution of ischemic stroke aspiration systems now have a thriving environment.
Players have increased the variety of systems they provide to meet a wide range of medical needs and take advantage of the expanding market potential. Further, strategic partnerships with healthcare facilities and distribution networks have enabled manufacturers to reach a broad customer base in regional markets for driving their revenue growth.
Key Companies Profiled:
- Medtronic
- Penumbra, Inc.
- Insera Therapeutics
- Imperative Care Inc.
- Others
Key Segments Profiled in the Ischemic Stroke Aspiration Systems Market
By End User:
- Hospitals
- Ambulatory Surgery Centers
- Specialty Clinics
- Other End Users
By Region:
- North America Market
- Latin America Market
- Europe Market
- East Asia Market
- South Asia and Pacific Market
- The Middle East and Africa (MEA) Market
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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