Mechanical Thrombectomy Devices Market to Reach US$ 1.8 Billion by 2031: TMR Study

In 2022, the 𝐦𝐞𝐜𝐡𝐚𝐧𝐢𝐜𝐚𝐥 𝐭𝐡𝐫𝐨𝐦𝐛𝐞𝐜𝐭𝐨𝐦𝐲 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 boasted a valuation of US$ 1.1 billion. Projections indicate a robust growth trajectory with a Compound Annual Growth Rate (CAGR) of 6.4% from 2023 to 2031, leading to an estimated market value exceeding US$ 1.8 billion by the close of 2031.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐍𝐨𝐰:
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The global mechanical thrombectomy devices market is being primarily fueled by the escalating prevalence of cardiovascular disorders (CVD). Lifestyle factors such as unhealthy dietary habits, sedentary lifestyles, and an uptick in tobacco consumption are contributing to the rise in CVD cases. Moreover, the aging population, which is particularly vulnerable to CVDs, is witnessing a surge, further driving market expansion. Additionally, increased awareness regarding advanced treatment options for CVDs is anticipated to augment the overall size of the global mechanical thrombectomy devices industry throughout the forecast period.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐞𝐜𝐡𝐚𝐧𝐢𝐜𝐚𝐥 𝐓𝐡𝐫𝐨𝐦𝐛𝐞𝐜𝐭𝐨𝐦𝐲 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

The mechanical thrombectomy devices market offers specialized medical tools for removing blood clots, vital for addressing conditions like stroke and peripheral artery diseases. Recent innovations focus on enhancing product design for improved clot extraction efficiency. Technological advancements, including stent retrievers and suction aspiration systems, aim to refine clot removal processes, ensuring precision and effectiveness.

Smaller device sizes facilitate smoother navigation through intricate vessels, reducing the risk of damage. Integration with advanced imaging technologies enhances visualization during procedures, ensuring precise clot targeting. Innovations like microstents and direct aspiration systems are expanding minimally invasive procedures' capabilities and improving clot retrieval rates.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬 𝐚𝐛𝐨𝐮𝐭 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐓𝐫𝐞𝐚𝐭𝐦𝐞𝐧𝐭𝐬

Recognition of thrombectomy's benefits in treating blood clot-related peripheral artery disorders and strokes is growing among patients and medical professionals alike, supported by advancements in medical science that enhance understanding of its effectiveness. These devices are becoming increasingly sophisticated, boasting reduced procedural risks and higher clot retrieval rates, while their wider availability, driven by declining costs, is expanding access to a broader patient demographic.

Essential to the accessibility of these life-saving treatments are comprehensive insurance coverage and government initiatives aimed at removing financial barriers. Notably, initiatives such as the "Get With The Guidelines-Stroke" program by the American Heart Association have demonstrated significant increases in thrombectomy utilization post-implementation, underscoring the impact of awareness campaigns in saving lives and bridging treatment gaps. The rise in usage of mechanical thrombectomy devices in cardiovascular illness treatment owes much to concerted efforts in awareness campaigns, educational programs, and overcoming logistical hurdles, thereby fueling demand in the global mechanical thrombectomy devices market.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Medtronic, Abbott, Boston Scientific Corporation, Becton, Dickinson & Company (BD), Stryker Corporation, Merit Medical Systems, Inc., Koninklijke Philips N.V., and Terumo Corporation

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Component

Stent Retrievers
Aspiration Catheters/Pumps
Guidewires
Others

Application

Peripheral Vascular Thrombectomy
Neurovascular Thrombectomy

End-user

Hospitals & Specialty Clinics
Ambulatory Surgery Centers
Others

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐞𝐜𝐡𝐚𝐧𝐢𝐜𝐚𝐥 𝐓𝐡𝐫𝐨𝐦𝐛𝐞𝐜𝐭𝐨𝐦𝐲 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

In October 2022, Medtronic plc introduced the Medtronic Neurovascular Co-Lab Platform, aimed at expediting essential advancements in stroke care and treatment

In June 2023, MicroVention, Inc., a global neurovascular enterprise and a wholly owned subsidiary of Terumo Corporation, has made the ERIC Retrieval Device accessible for ischemic stroke treatment in the U.S. ERIC received FDA 510(k) clearance on March 31, 2022.

In September 2021, Abbott announced acquisition of Walk Vascular, LLC, a company specializing in minimally invasive medical devices. Its thrombectomy system is designed for removing peripheral blood clots.

𝐆𝐫𝐚𝐛 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐩𝐲:
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𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Emerging trends in the mechanical thrombectomy devices market include the integration of artificial intelligence and robotics in device design, enabling more precise and efficient clot retrieval. Furthermore, telestroke services are gaining traction, allowing remote diagnosis and treatment of stroke patients, particularly in underserved areas.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

-Market size and growth projections
-Regional variations in market dynamics
-Emerging trends and technological advancements
-Regulatory landscape and challenges
-Competitive landscape and key market players

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐇𝐲𝐩𝐞𝐫𝐜𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/03/02/2619875/0/en/Hypercar-Market-to-Expand-at-a-CAGR-of-11-9-during-the-Forecast-Period-Owing-to-the-Rise-in-Integration-of-Advanced-Technologies-in-Hypercars-TMR-Study.html

𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐒𝐰𝐚𝐩𝐩𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/03/02/2619775/0/en/Battery-Swapping-Market-Value-to-Reach-US-37-1-Bn-by-2031-Fueled-by-Rise-in-Production-of-Electric-Vehicles-TMR-Report.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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