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Neurothrombectomy Devices Market Size, Share & Trends Analysis Report by Product, by End-use (Hospital, Emergency Clinics, Ambulatory Surgical Centers), by Region, and Segment Forecasts, 2023-2032
The size of the global market for neurothrombectomy devices, estimated at USD 617.28 million in 2021, is projected to rise at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2032. The Food and Drug Administration (FDA) defines a neurothrombectomy device as one that uses mechanical, laser, ultrasound, or a combination of technologies to remove or dissolve blood clots from the cerebral neurovasculature.As a treatment for ischemic stroke, a neurothrombectomy device is used to remove blood clots and retrieve clots. Ischemic stroke happens when a blood clot prevents blood flow to the brain, leading to the death of brain cells from a lack of oxygen and a stroke. The two main categories of neurothrombectomy equipment are aspiration and clot retrieval devices.
A recently released intelligence report 2023 offers a plethora of information about the market for neurothrombectomy devices' growth prospects. It provides both short- and long-term market growth estimates, relying on in-depth research of the different growth variables that have shaped and will continue to shape market performance. In order to provide a fact-based assessment, the study concentrates on both direct and indirect, as well as positive and negative variables.
Along with comprehensive data on industry production and the demand-supply situation, the study highlights the key trends that are expanding the market for neurothrombectomy devices. To assure their dependability, all of the data contained in the study is taken from reliable sources. Surveys about the present and future market for neurothrombectomy devices are solely based on the opinions of industry professionals.
The scope of the report is comprehensive, covering everything from important market trends and geographical research to business profiles and professional advice. To assist readers in focusing on the most important parts of growth, growth-enabling and growth-challenging components are in-depth investigated. The study identifies a number of market growth restraints in order to provide a solid understanding of the current and possible barriers to business growth, which will be crucial for Neurothrombectomy Devices organisations when developing their strategies.
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Market Segmentations:
Global Neurothrombectomy Devices Market: Major Players
Johnson & Johnson
Microport Scientific Corporation
Penumbra
W. L. Gore & Associates
Medtronic
Stryker Corporation
Abbott Vascular
Terumo
Global Neurothrombectomy Devices Market: By Types
Clot Retrievers
Suction and Aspiration Devices
Snares
Global Neurothrombectomy Devices Market: By Applications
Hospitals
Clinics
Ambulatory Surgical Units
Global Neurothrombectomy Devices Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Neurothrombectomy Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Demand for Neurothrombectomy Devices in global market is further assessed on the basis of the current and projected performance of respective end-use verticals. Examining the demand for neurothrombectomy devices across a range of application fields also reveals possible applications that could propel market expansion at a significant rate.
Neurothrombectomy Devices Market Report Highlights
• Based on products, the clot retrievers segment dominated the market in 2021, with a share of 58.24% owing to the rising prevalence of acute ischemic stroke and an increasing number of product launches by key market players.
• Based on end-use, the hospital segment dominated the market in 2021 with a share of 71.03% due to improving health care facilities and the availability of advanced equipment in the hospitals.
• Europe led the market with the maximum revenue share in 2021, owing to the increasing number of patients suffering from acute ischemic stroke. As per the EM Consulte, approximately 1.1 million individuals suffer from stroke disorder amongst which acute ischemic stroke accounts for a significant share.
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COVID-19 Impact on Neurothrombectomy Devices Market
The COVID-19 pandemic hurt the market by directly affecting demand and production, upsetting the supply chain, and driving up costs for businesses. The effect of the pandemic on the market varies by country depending on the quality of the local health systems and the measures taken to combat it. Neurocare and neurosurgeons suffered as a result of the epidemic. To stop the coronavirus from spreading, brain surgeries have frequently been postponed or even cancelled during this time. The worst-affected nations, which included the United States, Russia, India, Brazil, France, the United Kingdom, Italy, and Spain, saw a 55% decline in neurosurgical procedures.
FREQUENTLY ASKED QUESTIONS
• At what growth rate will the market be projected to grow during the forecast period of 2023 to 2032?
• What will be the market value in the future?
• Who are the major players operating in the market?
• Which countries data are covered in the report?
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Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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