With 5.4% CAGR, Thrombectomy Devices Market to hit US$ 1.8 Billion 2028

IMARC Group has recently released a new research study titled "Thrombectomy Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

What are the growth prospects of thrombectomy devices industry?

The global thrombectomy devices market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

What is a thrombectomy devices?

Thrombectomy represents the process of removing a thrombus or a blood clot from inside a vein or an artery. Thrombectomy devices provide several benefits in surrogate endpoints, including biomarker analysis, ST-segment resolution, infarct size reduction, and angiographic thrombolysis in myocardial infarction (TIMI) flow. They minimize blood loss and damage caused to the vessel wall during a procedure. As a result, thrombectomy devices find wide-ranging applications in treating blood clots present in veins, arteries, capillaries, etc.

They are used to treat pulmonary embolisms and peripheral arterial diseases. Presently, thrombectomy devices are commonly available in various sizes and diameters, depending on the affected area. In line with this, some of the widely utilized thrombectomy procedures include balloon embolectomy, surgical embolectomy, aspiration embolectomy, etc.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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What are the major market drivers in thrombectomy devices market?

The rising prevalence of numerous chronic diseases, including cancer, owing to hectic schedules and sedentary lifestyles of individuals, the increasing utilization of fast food, and the growing number of individuals who smoke and consume alcohol, is primarily augmenting the thrombectomy devices market. Furthermore, the expanding geriatric population who are more susceptible to developing medical ailments, the escalating demand for minimally invasive (MI) procedures, and continuous improvements in healthcare infrastructures are positively influencing the global market.

Apart from this, extensive investments by key market players in R&D activities to introduce technologically advanced thrombectomy devices are acting as significant growth-inducing factors. Moreover, the inflating need for these instruments among surgeons and favorable medical reimbursements for performing image-guided surgeries are expected to fuel the thrombectomy devices market in the coming years.

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Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:

Aspiration Thrombectomy Devices
Mechanical Thrombectomy Devices
Ultrasonic Thrombectomy Devices
Others

Breakup by Application:

Cardiovascular
Neurovascular
Peripheral Vascular

Breakup by End User:

Hospitals and Clinics
Ambulatory Surgical Centers
Others

By Geography:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

List of Major Key Players:

Argon Medical Devices Inc
Boston Scientific Corporation
Edwards Lifesciences Corporation
Johnson & Johnson
Medtronic Plc
Penumbra Inc
Spectranetics Corporation (Koninklijke Philips N.V.)
Stryker Corporation
Teleflex Incorporated
Terumo Corporation

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