Global Mechanical Thrombectomy Devices Market is poised to witness a 6% CAGR by 2026 - Medtronic, Stryker, Penumbra, Boston Scientific, AngioDynamics, Control Medical, Inari

Blood clots are a common health concern which needs an immediate medical attention. Mechanical thrombectomy devices are used in medical procedures used to treat arterial blockages caused by blood clots. The conditions which are treatable by a mechanical thrombectomy are ischemic stroke, pulmonary embolism (PE), and deep vein thrombosis (DVT).

Technological Innovations and Developments in Mechanical Thrombectomy Triggers the Growth of Mechanical Thrombectomy Devices Market

The global mechanical thrombectomy devices market is anticipated to be bolstered by the rapid and consistent technological developments and innovations.

For instance,
• In April 2022, Penumbra announced that its Indigo Aspiration System with Lightning 7 and Lightning 12 has secured CE Mark and is now commercially available in Europe.

"Existing mechanical thrombectomy treatment choices do not adequately treat VTE for many reasons. Most current mechanical thrombectomy devices are designed to aspirate fresher arterial clot, which is small and soft. As a result, these devices can be inadequate and ineffective for removing the larger, older clots associated with VTE."-General Manager, Commercial-stage Medical Device Company, Asia

Covid-19 Impact on the Mechanical Thrombectomy Devices Market

In 2020, the number of elective procedures declined rapidly due to Covid-19 pandemic which resulted in a quick decline in the global market. Plausible reasons for the reduction in the performance of mechanical thrombectomy devices during 2020- 2021 are as follows:
• Delays in accessing specialized care, thus resulting in patients presenting outside of the therapeutic window.
• Reluctance of acute ischemic stroke patients to present at emergency departments.
• Reduction in stroke occurrence during the COVID-19 pandemic as a result of the social distancing norms.

Competitive Landscape Analysis: Mechanical Thrombectomy Devices Market

The global mechanical thrombectomy devices market is marked by the presence of well-established and emerging market players such as Medtronic, Stryker, Penumbra, Boston Scientific, AngioDynamics, Control Medical, Inari Medical, among others.

Growth Strategies Adopted by the Leading Market Players to Establish Their Strong Foothold in Mechanical Thrombectomy Devices Market

All the major players operating in the global mechanical thrombectomy devices market have adopted both organic and inorganic growth strategies such as collaborations, acquisitions, advancements and new product launches to garner a higher market share than their peers.

For instance,
• In April 2022, Wallaby Medical acquired phenox GmbH. phenox has a broad product portfolio covering both ischemic and hemorrhagic stroke as well as Access & Support. The major product lines of phenox includes the p64/p48 range of flow diverters for the treatment of intracranial aneurysms and the pRESET range of stent retrievers for the mechanical thrombectomy of ischemic strokes.

The outlook of the mechanical thrombectomy devices market looks promising due to the growing population and an increasing cases of stroke, venous thromboembolism, technological innovations in mechanical thrombectomy devices, strong product pipeline, established coding & payments for mechanical thrombectomy in key regions such as USA and growing awareness on mechanical thrombectomy due to patient advocacy groups and clinical society support.

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Ruta Halde
Associate, Medi-Tech Insights
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1050 Brussels, Belgium
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Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

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