PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1182902
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1182902
Neurothrombectomy Devices Market size was valued at USD 780.5 Million in 2021, expanding at a CAGR of 12.7% from 2022 to 2028.
A neurothrombectomy device is used in treating ischemic stroke. Additionally, it is carried out using mechanical, laser, and ultrasound technologies to remove blood clots. It also helps in reducing patient mortality rate and improves functional outcomes. Neurothrombectomy devices are of two Therapeutic Applications aspiration and clot retrieval devices. Moreover, it is mainly used to treat big vascular occlusions more effectively, achieve recanalization quickly, and reduce the likelihood of hemorrhagic events
The growing concern about chronic disease and rising unhealthy lifestyle habits of individuals such as smoking, unhealthy food, and lack of exercise are liable for ischemic stroke increasing cases. Additionally, as compared to older adults stroke is more complex in young adults that projected to drive the neurothrombectomy devices market growth. However, the high cost allied with neurothrombectomy devices is expected to hamper the mar growth.
Furthermore, Moreover, for the treatment of AIS (acute ischemic strokes.) and its symptoms, neurothrombectomy devices adopt new technologies such as fourth-generation solitaire X revascularization devices. Thereby such advanced technologies will propel the neurothrombectomy devices market growth. The COVID-19 pandemic had a devastating effect on the neurothrombectomy devices market and directly impacts the demand and production, disrupting the supply chain, and raising the financial burden on firms. Brain surgeries have been postponed or even canceled to prevent the coronavirus spread.
The neurothrombectomy devices market is segmented on the basis of product, Therapeutic Applications, end-use, and by region.
The market is divided into three categories based on product: clot retrievers, aspiration/suction devices, and vascular snares. The aspiration/suction devices segment is expected to possess market growth during the forecast period due to physicians increasing preference. In addition, due to the increased prevalence of neurological disorders among people, the aspiration/suction devices segment is propelling the market growth.
The market is divided into three categories based on therapeutic applications: stenosis, ischemic strokes, brain aneurysms, and others. The ischemic stroke segment is expected to dominate the market share. The rising cases of ischemic strokes due to unhealthy lifestyles are contributing to the segment growth during the forecast period.
The market is divided into three categories based on end-use: hospitals, emergency clinics, and ambulatory surgical centers. The ambulatory surgical centers segment is estimated to grow during the forecast period. In ASCs half of the outpatient surgeries are performed such as acute ischemic disease surgical treatment, in this condition the treatment is required to be performed within 6 hours of symptom onset. Thus, by ASCs a shorter waiting time offered to the patient further drives the segment growth.
To enable the extraction of thrombus safely from patients dealing with acute ischemic disorders, a neurothrombectomy device is specially designed for physicians. Penumbra represents a significant improvement in performance with the launch of this device and helps patients suffering from acute ischemic disorders. Additionally, new strategies are adopted by market players such as marketing, promotions, partnerships, collaborations, mergers, and new product launches. To increase the availability and outreach of their product offerings the companies are using broadening product portfolios widely.
For instance, in June 2021, Penumbra Receives FDA clearance for RED 62 Reperfusion Catheter with optimized tractability to navigate the complex vessel anatomy for the removal of blood clots in the brain and deliver powerful aspiration.
The scope of this report covers the market by its major segments, which include as follows: