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Clot Management Devices Market Report 2024 - Clot Management Devices Market Share And Trends
Clot Management Devices Market
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According to The Business Research Company's, The clot management devices market size has grown strongly in recent years. It will grow from $1.63 billion in 2023 to $1.72 billion in 2024 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to the rising aging population, regulatory approvals and clinical trials, growing awareness and screening programs, and increasing prevalence of cardiovascular diseases.
The clot management devices market size is expected to see strong growth in the next few years. It will grow to $2.19 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising healthcare expenditure, enhanced healthcare infrastructure, regulatory and reimbursement policies, telemedicine and remote monitoring, and rising adoption of personalized medicine. Major trends in the forecast period include technological improvements, the development of novel next-generation thrombectomy tools, customized treatment plans, collaborations and partnerships, and the integration of artificial intelligence and machine learning.
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Market Drivers and Trends:
The rising focus on personalized medicine is expected to propel the cell culture media storage containers market going forward. Personalized medicine, also known as precision medicine, is a medical approach that tailors treatment and healthcare practices to the individual characteristics of each patient. The rising focus on personalized medicine is due to the need for more targeted and effective treatments and advancements in genomics and precision healthcare technologies. Cell culture media storage containers are utilized in personalized medicine formation to maintain and preserve cell cultures, enabling the production of patient-specific therapies and personalized treatments. For instance, in February 2024, according to the Personalized Medicine Coalition, a US-based organization promoting the adoption of personalized medicine, the U.S. Food and Drug Administration approved 16 new personalized treatments for rare disease patients, up from 6 in 2022. Therefore, the rising focus on personalized medicine drives the growth of the cell culture media storage containers market.
Major companies operating in the clot management device market are developing innovative technologies, such as computer-assisted vacuum thrombectomy (CAVT) systems, to serve customers with advanced features. Computer-assisted vacuum thrombectomy (CAVT) systems are medical devices used in the treatment of blood clots, particularly in conditions such as deep vein thrombosis (DVT) and pulmonary embolism (PE). For instance, in April 2024, Penumbra Inc., a US-based medical company, launched the Lightning Flash 2.0. It is the latest clot aspiration and vacuum thrombectomy (CAVT) technology designed to remove blood clots rapidly. The lightning flash 2.0 represents a significant advancement in clot management devices, offering enhanced performance and efficiency. This state-of-the-art device integrates cutting-edge AI and sophisticated engineering to improve patient outcomes in acute and chronic care settings. It includes advanced imaging and suction capabilities, allowing for precise and effective clot removal to meet the demands of various medical environments.
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Major Key Players of the Market:
Cardinal Health Inc., Bayer AG, Abbott Laboratories, Medtronic plc, Koninklijke Philips N.V., Becton Dickinson and Company, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, DePuy Synthes Inc., Terumo Corporation, Edwards Lifesciences Corporation, Acandis GmbH & Co. KG, Cook Medical, Merit Medical Systems Inc., Applied Medical Resources Corporation, Penumbra Inc., MicroVention Inc., Inari Medical Inc., AngioDynamics Inc., Argon Medical Devices Inc., LeMaitre Vascular Inc., iVascular S.L.U., Straub Medical AG, Rapid Medical
Clot Management Devices Market 2024 Key Insights:
• The clot management devices market size is expected to see strong growth in the next few years. It will grow to $2.19 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
• Rising Hospital Demand Fuels Growth In The Clot Management Device Market
• Unveils AI-Enhanced Lightning Flash 2.0 For Advanced Clot Management
• North America was the largest region in the clot management devices market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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