Thrombectomy Devices Market Thriving Worldwide with the Outstanding Key players by 2027 | Penumbra, Inc, Edwards Lifesciences Corporation Koninklijke Philips N.V., Teleflex Incorporated, Johnson & Johnson Services, Inc (DePuy Synthes) And Others

The Insight Partners published a new report, titled, “Thrombectomy Devices Market”. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain a competitive advantage.

The COVID-19 outbreak is currently going the world over, the Thrombectomy Devices market report covers the impact of the corona-virus on top company’s growth. This research report categorizes as the key players in the Hot Thrombectomy Devices market and also gives a comprehensive study of Covid-19 impact analysis of the market by regions like (Americas, Europe APAC, and EMEA).

The report offers key drivers that propel the growth in the global Thrombectomy Devices market. These insights help market players in devising strategies to gain market presence. The research also outlined the restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining the potential in untapped regions.

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The global Thrombectomy Devices market is anticipated to reach US$ 2,101.29 Mn in 2027 from US$ 1,282.07 Mn in 2018. The market is anticipated to grow with a CAGR of 5.9% from 2019-2027.

Some of the Major Market Players Are:

Penumbra, Inc
Edwards Lifesciences Corporation
Koninklijke Philips N.V.
Teleflex Incorporated
Johnson & Johnson Services, Inc (DePuy Synthes)
ARGON MEDICAL
Inari Medical
Medtronic
Stryker Corporation
Terumo Corporation

Market Insights

Favorable Medical Reimbursement Scenario

In January 2018, European Tech Reimbursement Consulting (MTRC) released a 62-page reimbursement report for mechanical thrombectomy for stroke. The report covers procedure coding, payment mechanism, reimbursement tariffs, and policy restrictions in 11 EU countries, including Austria, Belgium, Denmark, England, France, Germany, Italy, the Netherlands, Norway, Sweden, and Switzerland. The report also covers essential information about reimbursement and national funding, including a brief overview of reimbursement system for medical devices, procedure coding for technology, diagnosis coding, payment mechanism for technology, reimbursement tariffs for technology, restrictions in indications or scenarios for use of technology, and technology-related policy considerations by payers and policymakers.

Growing Healthcare Expenditure

As per OECD, the US GDP was highest at 17.1% in 2017, followed by Switzerland (12.3%) and France (11.3%) to be the second- and third-highest spenders. However, Turkey (4.2%), Luxembourg (5.4%), and Mexico (5.4%) were among the lowest health care spenders, in terms of share of GDP. Moreover, from Asia Pacific region, India's expenditure on the health sector has increased from 1.2% of the GDP in 2013–2014 to 1.4% in 2017–2018. The National Health Protection Scheme (Ayushman Bharat National Health Protection Mission) presents the financial protection of up to INR 5 lakh per family per year to 10.74 crore families for secondary and tertiary hospitalization. The cost by the government (central and state) has increased the total public health expenditure from INR 1.49 lakh crore in 2014–2015 to Rs 2.25 lakh crore in 2017–2018. Thus, such rise in the healthcare expenditure of countries is providing growth opportunities for the thrombectomy devices market players.

Strategic Insights

Growth strategies through several organic and inorganic such as approvals, product launch, agreements, and partnerships have been witnessed in the market of Thrombectomy Devices. For instance, in July, 2018, Johnson & Johnson a medical device company has launched EMBOTRAP II Revascularization Device under the Cerenovus business segment. EMBOTRAP II is a new device for treating stroke patients and advancement in mechanical thrombectomy.

Market Segmentation :

By Type

• Mechanical Thrombectomy Devices
• Aspiration Thrombectomy Devices
• Rheolytic Thrombectomy Devices
• Ultrasonic Thrombectomy Devices

By Application

• Cardiovascular
• Peripheral Vascular
• Neurovascular

By End User

• Hospitals & Clinics
• Ambulatory Surgical Centers
• Academic & Research Institutes

The report analyses factors affecting the Thrombectomy Devices Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Thrombectomy Devices Market in these regions.

Moreover, the report entails the estimate and analysis for the Thrombectomy Devices Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Thrombectomy Devices Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Thrombectomy Devices Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Thrombectomy Devices Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Thrombectomy Devices Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of Thrombectomy Devices Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Thrombectomy Devices market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Thrombectomy Devices market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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