The Thrombectomy Devices Market is being driven by Increasing prevalence of cardiovascular disorders
The Thrombectomy Devices Market is expected to grow at a CAGR of 7.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 841 million. The global thrombectomy devices market experiences significant growth due to the increasing geriatric population, defined as individuals aged 65 years and above. This demographic trend is driven by factors such as improved healthcare facilities, advancements in medical technology, and increased life expectancy. The geriatric population is more susceptible to thrombotic disorders, including deep vein thrombosis (DVT) and stroke, necessitating the use of thrombectomy devices for prevention and treatment. Consequently, the market for these devices is poised for substantial expansion to address the escalating demand.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
209 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.3% |
Market growth 2025-2029 |
USD 841 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
6.7 |
Key countries |
US, Germany, Canada, China, UK, France, India, Italy, Japan, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Thrombectomy Devices Market encompasses neuroendovascular surgery equipment used for cerebral revascularization in ischemic stroke patients. Key market drivers include thrombectomy catheter design and technology, device material, and patient outcome metrics like procedure success rate and functional independence. Complications, such as tissue damage and embolization risk, influence market growth. Training, surgical technique, and device compatibility are critical factors. Vascular access, clot burden, perfusion pressure, and neurological deficits impact patient care. Anticoagulation therapy, post-procedure monitoring, and rehabilitation also play a role. Cost-effectiveness, clinical trial data, and device durability are essential considerations. Imaging modalities assess thrombectomy workflow, cerebral blood flow, and reperfusion.
The Thrombectomy Devices Market is a segment of the expansive Global Healthcare Equipment Market, according to Technavio's classification. This market encompasses companies and products dedicated to research and development (R&D) in mechanical thrombectomy, endovascular thrombectomy, thrombus aspiration, and clot retrieval systems. The Global Healthcare Equipment Market's size is determined by the consolidated revenue generated by manufacturers of diagnostic equipment and devices utilized across diverse therapy areas. The healthcare equipment sector is divided into several segments: Devices, which incorporates advanced, differentiated, and clinically validated data-driven devices, including thrombectomy devices.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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