The Allied Market Research published a report on Thrombectomy Devices Market 2020-2030 Interesting fact and figures (CAGR, Global Size, Shares and Revenue with Business Growth Support and Market Value and Volume with Supply Demand Scenario and Pipeline Projects). The global thrombectomy devices market size was valued at $1.3 billion in 2020, and is projected to reach $2.6 billion by 2030, growing at a CAGR of 7.4% from 2021 to 2030.
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High occurrence of acute myocardial infarction (AMI), peripheral artery disease (PAD), deep vein thrombosis (DVT), and pulmonary embolism (PE) and rise in sedentary and unhealthy lifestyle drives the thrombectomy devices market growth. In addition, rise in healthcare infrastructure, increase in demand for minimally-invasive treatments, surge in geriatric population, growth in competition among key players, and technological advancements & innovations drive the thrombectomy devices market trends. For instance, in September 2021, Abbott, a pharmaceutical company, announced the acquisition of maker walk vascular, which is the mechanical thrombectomy device.
Geographically, North America occupied a major market share in 2015, and is expected to continue leading during analysis period. This was attributed to the sedentary and unhealthy lifestyle of the current generation, demand of better healthcare infrastructure, and increase in demand for minimally-invasive treatments and incidence of cardiovascular diseases. However, Asia-Pacific followed by LAMEA are expected to be the fastest growing regions, owing to the presence of ample growth opportunities in terms of unmet medical needs for the treatment of thrombus.
The thrombectomy devices market holds a substantial scope for growth globally. Recent innovations, which embed introduction of innovative ideas such as use of lasers, ultraviolet radiation, and 3D image generation, will provide better results to the physicians and allow them to work more efficiently. The upcoming trend in this market is the introduction of a technique, which involves the combination of decompressive hemicraniectomy and endovascular thrombectomy to treat patients with cerebral venous thrombosis.
KEY FINDINGS OF THE STUDY:
- By technology, the mechanical thrombectomy device segment was the highest contributor to the market in 2020.
- On the basis of type, the manual thrombectomy device segment dominated the market in 2020, and is expected to continue this trend during the forecast period.
- On the basis of utility, the disposable thrombectomy device segment dominated the market in 2020, and is expected to continue this trend during the forecast period.
- On the basis of application, neural disease segment dominated the market in 2020, and is expected to continue this trend during the forecast period.
- Region-wise, North America garnered the largest revenue share in 2020. However, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
The key players operating in the global thrombectomy device market include, AngioDynamics, Inc., Johnson & Johnson, Inc., Penumbra Inc., Terumo Corporation, Abbott, Boston Scientific Corporation, Medtronic plc., Stryker Corporation, and Teleflex Incorporated.
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