PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1888011
PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1888011
A blood clot retrieval device refers to medical equipment that helps to eliminate blood clots within the blood vessels and is mainly applied in the treatment of ischemic strokes that are caused by the blockage of the arteries. They are used to repair the normal blood flow to the brain or other areas that may have been damaged, reducing tissue damage and enhancing patient outcomes. These are mainly stent retrievers and aspiration catheters. They are commonly applied during endovascular minimally invasive procedures by interventional neuroradiologists or vascular surgeons. Technology and design improvements have enhanced their safety, effectiveness, and speed, making them indispensable in stroke management and vascular intervention today.
The Blood Clot Retrieval Devices market is set to show a growth rate of about 14.19% during the forecast period (2025-2033F). The blood clot retrieval devices market has been increasing because of the increasing number of ischemic strokes, the increased awareness of the advanced management of strokes, and the spread of the use of minimally invasive surgical interventions. The next-generation stent retrievers and aspiration systems have been developed, enhancing treatment outcomes and shortening the recovery period. Additionally, the market is expanding due to favorable government policies, the development of more healthcare facilities, and increased investment in neurovascular studies. The growing elderly population worldwide, which is more susceptible to stroke and heart diseases, also contributes to the demand for these devices. All of these factors have led to the high growth trend in the blood clot retrieval devices industry.
Based on stroke type category, the market is categorised into ischemic stroke, hemorrhagic stroke, and transient ischemic attack. Among these, the ischemic stroke holds the maximum market share. The high prevalence of ischemic stroke, which is caused by the obstruction of blood flow by the formation of clots, has created a great demand for thrombectomy procedures with the use of stent retrievers and aspiration devices. In addition, robust clinical data available in support of mechanical thrombectomy as the standard treatment of ischemic stroke have also contributed to the growth of this segment. However, the transient ischemic attack is projected to experience robust growth in the future due to increasing awareness, improved diagnostic capabilities, and early intervention strategies aimed at preventing full-scale ischemic strokes.
Based on the device type category, the market is categorized into stent retrievers, aspiration devices, mechanical thrombectomy devices, and others. Among these, stent retrievers have the largest market share, due to the demonstrated clinical effectiveness, accuracy in removing clots, and universal use as the gold standard of treating large vessel occlusions during ischemic stroke. For instance, according to the Radiological Society of North America, stent retrievers act as an efficient device to treat ischemic strokes. The devices are associated with high recanalization rates, decreased procedure time, and increased patient health outcomes, which is why they are very popular among neuro-interventionalists. Major companies like Stryker, Medtronic, and Johnson & Johnson have a established stent retriever portfolios that further strengthen the dominance of this segment. However, the most rapid growth is likely to be seen in aspiration devices due to innovations in aspiration catheter design, the increasing popularity of minimally invasive forms of a direct aspiration first-pass technique (ADAPT), and decreasing procedure costs.
Based on the end-user category, the market is segmented into hospitals, diagnostic centers, and others. Among these, hospitals currently hold the maximum market share because of having advanced infrastructure, trained neurointerventional professionals, and the availability of stroke care units with all facilities to do complex thrombectomy. The main models where the diagnosis and treatment of ischemic strokes are undertaken are within the hospitals, especially the tertiary and specialized stroke centers, with a good policy of reimbursement and constant technological integration. However, the Diagnostic Centers are expected to witness significant growth as early detection of stroke risk factors and transient ischemic attacks (TIAs) becomes increasingly critical. The increased knowledge on preventive healthcare, development of imaging technology, and partnerships between the diagnostic centers and hospitals to manage early stroke are expected to spur the growth of this segment in the next few years.
For a better understanding of the demand of blood clot retrieval devices, the market is analyzed based on its worldwide adoption in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and Rest of World. Among these, the North America region holds the largest market share. The dominance of this region is due to the high rate of ischemic stroke, the well-developed healthcare environment, and the early introduction of developed thrombectomy technologies in both hospitals and stroke centers in the United States and Canada. However, the Asia-Pacific region will experience tremendous growth owing to an aging population, the growth of cardiovascular and cerebrovascular diseases, the development of better healthcare facilities, and increased investments by local and foreign medical equipment firms.
Some major players running in the market include Johnson & Johnson, Abbott Laboratories, Stryker, Medtronic Plc, Terumo Corporation, Penumbra, Inc., Boston Scientific Corporation, Argon Medical Devices, Inc., AngioDynamics, Inc., and Zylox-Tonbridge Medical Technology Co., Ltd.