Mechanical Thrombectomy Devices Market to Reach $2 Billion by 2030, Driven by Technological Advancements and Increasing Demand for Minimally Invasive Procedures

Insightace Analytics Pvt. Ltd. announces the release of a market assessment report on the "Global Mechanical Thrombectomy Devices Market- by Product Type (Coil Retriever Devices, Stent Retriever Devices, Aspiration Devices, Manual Thrombectomy Devices and Others (Ultrasound Based Devices)), Application Type (Stroke, Deep Vein Thrombosis (DVT), Pulmonary Embolism (PE), Arteriovenous fistula (AVF), Peripheral Arterial Disease (PAD), Haemodialysis Treatments, Percutaneous coronary intervention (PCI) and Others), End-User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics and Academic & Research Institutes), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

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According to the latest research by Insightace Analytics, the global mechanical thrombectomy devices market was valued at US$ 1.26 Billion in 2021. It is expected to reach US$ 2.27 Billion by 2030, with a CAGR of 6.9 % during a forecast period of 2022-2030.

An interventional radiologist utilizes specialized equipment to perform a mechanical thrombectomy, a minimally invasive procedure designed to remove a clot from a patient's artery. This procedure is typically considered a last resort, as prolonged blockage of blood flow to organs can lead to necrosis. Mechanical thrombectomy devices are specifically designed to extract clots from veins, minimizing damage to the vessel wall during the process. These devices are employed to treat various conditions, including pulmonary embolism, deep vein thrombosis, neurovascular thrombosis disorders, and peripheral vascular diseases, depending on the size and location of the clot.

The increasing use of thrombectomy procedures in surgical and hospital settings is driven by the application of clot retrievers and stents in stroke treatment, along with the rising prevalence of vascular disorders. Furthermore, the growing investment by manufacturers in research and development to produce advanced thrombectomy devices is expected to accelerate the expansion of the global market. The market is also benefiting from the increasing elderly population, a rising preference for minimally invasive procedures, and the global improvement of healthcare systems. Additionally, heightened competition among key players, coupled with increased R&D investments, is further driving innovation within the industry. Favorable clinical reimbursements and the growing preference for image-guided procedures by healthcare professionals are also contributing to market growth.

However, challenges such as the shortage of skilled professionals, the technical complexity of operating thrombectomy devices, and the high cost of equipment are limiting market expansion. Moreover, a lack of awareness regarding peripheral vascular diseases in developing nations is hindering market growth in those regions.

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North America is expected to be a major contributor to the mechanical thrombectomy devices market during the forecast period, driven by the availability of technologically advanced and innovative thrombectomy devices in the region. The growth of the market in North America is attributed to the increasing adoption of advanced thrombectomy products by specialists, a rising number of clinical trials, and the availability of clinical reimbursements for thrombectomy systems in the United States. Additionally, the Asia-Pacific mechanical thrombectomy devices market is anticipated to experience significant growth due to the rising prevalence of cardiovascular diseases, escalating healthcare costs, and advancements in device technology. The expansion of this market segment in the region will be further supported by the increasing use of mechanical thrombectomy procedures and the availability of medical reimbursement services offered by various central governments.

Major market players operating in the Mechanical Thrombectomy Devices market include
Boston Scientific Corporation, Straub Medical AG, AngioDynamics, Acandis GmbH, NIPRO, Medtronic, MicroVention, Inc., Medrad Inc. (Bayer HealthCare LLC), Johnson & Johnson, Rapid Medical Inc., and Anaconda Biomed SL, Imperative Care Inc., Stryker Corporation, Phenox GmbH, Penumbra, Inc., Balt Extrusion, Vascular Medcure, Inc., and Others.

Recent collaborations and agreements in the market:
• In February 2022, Zoom POD Aspiration Tubing, Imperative Care, Inc.'s most recent advancement in improving stroke care, was introduced. The company's Zoom Stroke Solution's newest innovation enables speedy confirmation of clot retrieval success during mechanical thrombectomy for ischemic stroke.
• In October 2021, To treat acute large vessel occlusive (LVO) stroke, phenox developed the pRESET 6-50 mechanical thrombectomy device.

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Market Segments
Global Mechanical Thrombectomy Devices Market, by Product Type, 2022-2030 (Value US$ Mn)
• Coil Retriever Devices
• Stent Retriever Devices
• Aspiration Devices
• Manual Thrombectomy Devices
• Others (Ultrasound Based Devices)
Global Mechanical Thrombectomy Devices Market, by Application Type, 2022-2030 (Value US$ Mn)
• Stroke
• Deep Vein Thrombosis (DVT)
• Pulmonary Embolism (PE)
• Arteriovenous fistula (AVF)
• Peripheral Arterial Disease (PAD)
• Haemodialysis Treatments
• Percutaneous coronary intervention (PCI)
• Others
Global Mechanical Thrombectomy Devices Market, by End-User, 2022-2030 (Value US$ Mn)
• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics
• Academic & Research Institutes
Global Mechanical Thrombectomy Devices Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Mechanical Thrombectomy Devices Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Mechanical Thrombectomy Devices Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Mechanical Thrombectomy Devices Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Mechanical Thrombectomy Devices Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Mechanical Thrombectomy Devices Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global Mechanical Thrombectomy Devices market
 To receive an industry overview and future trends in the Mechanical Thrombectomy Devices market
 To analyze the Mechanical Thrombectomy Devices market drivers and challenges
 To get information on the Mechanical Thrombectomy Devices market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Mechanical Thrombectomy Devices market industry

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This release was published on openPR.