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U.S. Thrombectomy Devices Market are expected to witness considerable adoption in the near future, owing to advancements in the technology

04-05-2019 11:21 AM CET | Health & Medicine

Press release from: Allied Market Research

U.S. Thrombectomy Devices Market

U.S. Thrombectomy Devices Market

U.S. Thrombectomy Devices Market is projected to reach $750.4 million by 2025, growing at a CAGR of 5.1 % 2018 to 2025. Mechanical thrombectomy devices used for peripheral and coronary artery disorders occupy a major part of the market and are expected to maintain this trend. Forecast period.

The popularity of AMI, PAD, DVT, and PE due to sedentary lifestyles and unhealthy lifestyles greatly impacts the growth of the US thrombus removal market. There is also a growing demand for sophisticated medical infrastructure and growing demand for minimally invasive therapies. Technology growth and innovation also contribute to market growth due to the increase in the elderly population and the increase in competition among key figures, which increase the incidence of cardiovascular disease. However, the lack of trained specialists, lack of awareness, and the complex use of blood clotting devices inhibit market growth.

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By technology, the thrombectomy devices market is categorized into mechanical, aspiration, and rheolytic thrombectomy devices. The mechanical thrombectomy devices segment is anticipated to dominate the market during the forecast period, due to increase in incidence of acute ischemic strokes, peripheral artery diseases, periphery embolism, and deep vein thrombosis, which prevail in blood vessels.

The use of thrombectomy devices for the treatment of neural disorders spearheaded the market in 2017, and trend is expected to continue throughout the forecast period. The manual thrombectomy devices segment was the highest revenue generator in 2017, due to ease of operating a manual thrombectomy device.

The disposable thrombectomy devices segment generated the highest revenue in 2017, and is expected to continue this trend throughout the analysis period, due to the fact that disposable devices reduce the chances of contamination and severity of in-hospitalization diseases. However, the reusable thrombectomy devices segment is anticipated to witness considerable growth in the near future, registering a CAGR of 6.9%, owing to advancements in the technology.

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The U.S. thrombectomy devices market is a relatively consolidated market with the presence of several large players and other mid-sized manufacturers, which have started developing different thrombectomy devices and still have their products in the pipeline. Stryker Corporation, Medtronic Plc., Penumbra, Inc., and Boston Scientific Corporation garnered the top most position in 2017, owing to increase in sales and availability of products, namely, Trevo (Stryker), Solitaire Revascularization Device (Medtronic Plc.), and others majorly the country.

The key players profiled in this report include Boston Scientific Corporation, Medtronic Plc, Teleflex Incorporated, Penumbra Inc., Koninklijke Philips N.V., AngioDynamics, Inc., Terumo Corporation, Johnson and Johnson, Stryker Corporation, and Capture Vascular, Inc. The other players considered in the value chain analysis (but not in the report) include, Argon Medical Devices, Inc., Inari Medical, Inc., and others.

Key Findings of the U.S. Thrombectomy Devices Market:
• In 2017, the mechanical thrombectomy devices segment generated the highest revenue, and is anticipated to dominate the market throughout the forecast period.
• The peripheral thrombectomy devices segment is anticipated to grow at the highest rate from 2018 to 2025.
• The disposable thrombectomy devices segment is anticipated to generate the highest revenue in 2025.
• The automated thrombectomy devices is anticipated to register a CAGR of 6.9% from 2018 to 2025.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

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