PUBLISHER: Grand View Research | PRODUCT CODE: 1362886
PUBLISHER: Grand View Research | PRODUCT CODE: 1362886
The global clot management devices market size is expected to reach USD 2.53 billion by 2030, advancing at a CAGR of 5.0% during the forecast period, according to a new report by Grand View Research, Inc.. The market growth is driven by several factors, including an increase in the prevalence of cardiovascular diseases, a rise in geriatric population, and advancements in medical technology. The demand for these devices is also fueled by the growth in awareness among healthcare professionals and patients regarding the benefits of effective clot management in preventing serious health complications.
The rising incidence of cardiovascular diseases has fueled market demand. As the population ages, the risk factors associated with blood coagulum formation increase, highlighting the need for effective solutions. Healthcare providers are seeking advanced devices to address the growing burden of CVDs and mitigate coagulum-related risks. Technological advancements in clot management devices have also driven market growth. Innovations such as catheters, filters, and stents are being developed to enhance coagulum retrieval and dissolution capabilities. Continued development of cutting-edge technologies in the field has boosted adoption rates and propelled market growth.
The COVID-19 pandemic strongly impacted the market by raising awareness of the increased blood coagulum risk associated with the virus. Healthcare providers have increasingly utilized clot retrieval devices to treat COVID-19 patients with severe lung involvement and clot-related complications, improving patient outcomes. Increased awareness of clot management's importance is poised to have long-lasting effects on healthcare systems prioritizing the prevention and management of coagulum-related complications. The market is poised to witness sustained growth as healthcare providers address challenges posed by the pandemic and prioritize comprehensive patient care.