Global Mechanical Thrombectomy Devices Market Size, Share, Growth Analysis, By Product(Aspiration devices and stent retrievers, catering to ischemic stroke treatment), By End-users(Hospitals, clinics)

Description

Global Mechanical Thrombectomy Devices Market size was valued at USD 1.45 billion in 2022 and is poised to grow from USD 1.55 billion in 2023 to USD 2.60 billion by 2031, growing at a CAGR of 6.7% during the forecast period (2024-2031).

Rising rates of stroke and vascular disorders have led to significant increase in the Global Mechanical Thrombectomy Devices Market. These devices provide less intrusive treatment alternatives by dislodging blood clots from veins and arteries. The aging of the population, the development of healthcare infrastructure, and technological breakthroughs have all fueled market expansion. For the purpose of expanding their market position, major firms are concentrating on product innovation, clinical studies, and strategic alliances. Cost limitations and low awareness in some areas, however, continue to be obstacles. The market is anticipated to keep growing as long as there is a need for effective clot removal methods.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Mechanical Thrombectomy Devices Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Mechanical Thrombectomy Devices Market Segmental Analysis

Segmenting the global market for mechanical thrombectomy devices by product category, end user, and geography is possible. Stent retrievers and aspiration devices are examples of product categories that address the treatment of ischemic stroke. Peripheral artery disorders and ischemic strokes are among the applications. Hospitals, clinics, and ambulatory surgery facilities are examples of end users. The market is split geographically into Asia-Pacific, Europe, North America, and the rest of the globe.

Drivers of the Global Mechanical Thrombectomy Devices Market

The increasing prevalence of strokes, especially ischemic strokes, is the main factor propelling the market for mechanical thrombectomy devices. By successfully removing blood clots from clogged arteries, these devices lower the risk of stroke-related disability and death. As the world's population ages and risk factors like obesity, diabetes, and hypertension become more common, there will likely be a greater need for mechanical thrombectomy procedures.

Restraints in the Global Mechanical Thrombectomy Devices Market

Both the gadgets and the mechanical thrombectomy procedures might be costly. A major obstacle may be the cost of the devices in addition to the costs of the process itself, which include hospital stays and post-operative care. The costs associated with mechanical thrombectomy devices may pose issues for health systems, insurance companies, and patients in terms of payment.

Market Trends of the Global Mechanical Thrombectomy Devices Market

The steady progress of technology and product innovation has been a noteworthy trend in the market for mechanical thrombectomy devices. Producers have been trying to create clot-removal tools that are less intrusive, more accurate, more efficient. This involves enhancing the overall efficacy and safety of the process through advancements in robotics or navigation technology, imaging capabilities, and device design.

Product Code: SQMIG35A2563

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Mechanical Thrombectomy Devices Market by Product

Market Overview
Aspiration devices and stent retrievers
catering to ischemic stroke treatment

Global Mechanical Thrombectomy Devices Market by End-users

Market Overview
Hospitals
clinics
and ambulatory surgical centers

Global Mechanical Thrombectomy Devices Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Medtronic - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Stryker Corporation - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Penumbra, Inc. - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Johnson & Johnson - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Boston Scientific Corporation - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Terumo Corporation - Japan
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Teleflex Incorporated - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BTG plc (acquired by Boston Scientific) - UK
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Acandis GmbH - Germany
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
AngioDynamics, Inc. - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Capture Vascular - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Argon Medical Devices, Inc. (acquired by Merit Medical) - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Rapid Medical - Israel
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Phenox GmbH - Germany
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Penumbra, Inc. - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Shape Memory Medical Inc. - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Inari Medical - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Claret Medical (acquired by Boston Scientific) - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Vascular Solutions (acquired by Teleflex) - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
The Spectranetics Corporation (acquired by Philips) - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Mechanical Thrombectomy Devices Market Size, Share, Growth Analysis, By Product(Aspiration devices and stent retrievers, catering to ischemic stroke treatment), By End-users(Hospitals, clinics) - Industry Forecast 2024-2031