The global Blood Clot Retrieval Devices market was valued at US$ 622.1 million in 2020 and is expected to reach US$ 1583.2 million by the end of 2027, growing at a CAGR of 14.2% during 2021-2027.
A stroke is a sudden loss of blood circulation in an area of the brain which may result in loss of neurological functioning. Strokes are generally of three types Ischemic Stroke (caused due to blood clots), Hemorrhagic stroke (caused when there is a rupture in arteries) and lastly transient ischemic attack (caused when blood flow to the brain is blocked for a short time).In early 1980’s the blood clot retrieval devices used for endovascular revascularization were based on intra-arterial and selective thrombolytic agents. Another methodology proposed was the use of a combination of intra-arterial thrombolytic and use of ultrasound to disrupt the clot. The clot retrieval process is performed within eight hours of the onset of stroke symptoms, the whole process of blood clot retrieval takes about two hours.
Increase in prevalence of ischemic stroke, hemorrhagic stroke, and transient ischemic attack owing to the sedentary and unhealthy lifestyle majorly drives the market growth. In addition, rise in prevalence of strokes in geriatric population, increase in demand of minimally invasive surgery, and favorable reimbursement policies fuel the growth of the market. However, risk of post surgery complications and high cost of surgical procedure, lack of infrastructure & skilled professions and stringent government regulations associated to the safety and efficacy of blood clot retrieval devices hinder the growth of the market. Ongoing R&D activities related to blood clot retrieval devices are anticipated to present new opportunities for the market. North America dominates the global market owing to favorable reimbursement and advanced development for diagnostic procedures. APEJ regions are growing steadily as local players are emerging rapidly in the blood clot retrieval devices.
Global Blood Clot Retrieval Devices Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Blood Clot Retrieval Devices Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Boston Scientific Corporation, Argon Medical Devices, Medtronic, Teleflex Incorporated, Penumbra, AngioDynamics, Johnson and Johnson, Bayer HealthCare and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Mechanical Embolus Removal Devices
- Penumbra Blood Clot Retrieval Devices
- Stent Retrievers
- Ultrasound Assisted Devices
Segment by Application
- Diagnostic Centers
- Ambulatory Surgical Centers
Table of Content:
1 Blood Clot Retrieval Devices Market Overview
2 Blood Clot Retrieval Devices Market Competition by Manufacturers
3 Blood Clot Retrieval Devices Retrospective Market Scenario by Region
4 Global Blood Clot Retrieval Devices Historic Market Analysis by Type
5 Global Blood Clot Retrieval Devices Historic Market Analysis by Application
6 Key Companies Profiled
7 Blood Clot Retrieval Devices Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Blood Clot Retrieval Devices Market Dynamics
10 Global Blood Clot Retrieval Devices Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.