Thrombectomy Devices Market 2020 Future Outlook | Leading Players - Stryker Corporation, Medtronic PLC, Johnson & Johnson, Terumo Corporation, Boston Scientific

The primary sources employed while generating this Thrombectomy Devices Market report include the industry experts from the industry comprising the management corporation, processing organizations, analytical service suppliers of the industry's value chain. All primary sources are interviewed to accumulate the data and validate qualitative & quantitative information and conclude future prospects. Secondary research consists of key data about the industry value chain, the complete pool of major players, and application areas. The Thrombectomy Devices Market report assist in market segmentation according to industry latest & upcoming trends to the bottom-most level, topographical markets and key advancement from both market and technology aligned perspectives.

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Market Analysis: Global Thrombectomy Devices Market

The Global Thrombectomy Devices Market is expected to reach USD 1.76 billion by 2025, from USD 1.04 billion in 2017 growing at a CAGR of 6.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2018 to 2025.

Major Market Competitors/Players: Global Thrombectomy Devices Market

Some of the major players operating in the global thrombectomy devices market are Stryker Corporation, Medtronic PLC, Johnson & Johnson, Terumo Corporation, Boston Scientific Corporation, Spectranetics Corporation, Penumbra, Inc., Argon Medical Devices, Inc., Edwards Lifesciences Corporation, Teleflex Incorporated, Straub Medical AG, BTG International Ltd, Phenox GmbH, Acandis GmbH & Co. Kg, Argon Medical Devices Inc., Penumbra, Inc., Teleflex Inc., and Terumo Corporation among others.

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Market Definition: Global Thrombectomy Devices Market

The thrombectomy device is defined as a standard of care for the treatment of acute ischemic stroke. This extends to the therapeutic window for atleast 8 hours from the time of symptom onset and is more efficient than systemic thrombolytic agents in removing clots resistant to enzymatic degradation. It is also a viable option for patients with various contra-indications against the use of systemic thrombolysis. Mechanical thrombectomy devices is used for the treatment of patients with acute ischemic strokes which yields both higher rates of revascularization as well as superior clinical outcomes. The device used in medical purpose has a wide range of endovascular tools cleared for removing thrombi from the neurovasculature in acute ischemic stroke patients. In U.S. 3 classes of mechanical thrombectomy devices namely coil retrievers in 2004, aspiration devices in 2008, and stent retrievers in 2012 have been cleared by the food and drug administration. According to an article published by centre for disease control and prevention, an acute ischemic stroke kills around 140,000 Americans each year. Hence due to increase in the number of deaths the need of thrombectomy devices has increases gradually across the globe.

Market Segmentation: Global Thrombectomy Devices Market

The global thrombectomy devices market is segmented based on type, end user, application and geographical segments.

Based on type, the market is segmented into aspiration thrombectomy devices, mechanical/fragmentation thrombectomy devices, rheolytic/hydrodynamic thrombectomy devices, ultrasonic thrombectomy devices.

On the basis of application, the market is classified into cardiovascular applications, neurovascular applications, and peripheral vascular applications.

On the basis of end users, the market is segmented into hospitals and surgical centers, ambulatory surgical centers, research laboratories and academic institutes, other end users.

Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others. In 2017, North America is expected to dominate the market.

Major Market Drivers and Restraints:

New technologies such as automated suturing device is expected to drive the market in the forecast period
Growing number of surgical procedures
Rising geriatric population
Increasing quality of suturing material
Increased investment in healthcare infrastructure in growing economies
Downward pricing pressure owing to its commodity nature
Increasing substitutes to sutures such as hemostats and surgical staplers

Key Developments in the Market:

In December 2016, Boston Scientific, which one of the key player of the market, participated in the 35th Annual J.P. Morgan Healthcare Conference in San Francisco.
In May 2014, Argon Medical Devices, Inc. had launched new product under the brand name LEANERXT Rotational Thrombectomy System as a new addition to the CLEANER family of dialysis products. The product has increased power and torque for cleaning wall-adherent thrombus, and the ability to be introduced through a 6 Fr sheath, CLEANERXT combines torque with trackability. Its innovative sinusoidal wire design is radiopaque and conforms to varying lumen diameters, actively cleaning wall-adherent thrombus.

Thrombectomy Devices Market analysis report offers strategic & tactical support to clients for making well-informed business decisions. DBMR team provides customization of this market report according to the business needs. Contact sales team, who will assure to get a report that suits the necessities. The report carefully examines the global Thrombectomy Devices Market, with a focus on most of the major players and their business strategies, geographical scope, market segments, product landscape and price, and cost structure. Such market report is made available for industries, individuals, and organizations across the globe, and offerings are delivered in the shortest possible turnaround time.

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