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 is experiencing significant growth due to the increasing geriatric population, defined as individuals aged 65 years and above. Factors such as advancements in healthcare facilities, medical technology, and improved life expectancy are contributing to the expansion of this demographic group worldwide. This trend holds substantial implications for the thrombectomy devices market, as the elderly population is more susceptible to thrombotic disorders like deep vein thrombosis (DVT) and stroke. Consequently, there is a heightened demand for effective thrombectomy devices to prevent or treat these conditions, thereby driving market expansion.
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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 in cerebral revascularization procedures for ischemic stroke recovery. Thrombectomy catheter design and technology, device material, and surgical technique impact procedure success rate, patient outcome metrics, and complications. Training, vascular access, and device compatibility are crucial factors, as are tissue damage, clot burden, embolization risk, and treatment efficacy. Perfusion pressure, neurological deficits, functional independence, stroke rehabilitation, anticoagulation therapy, post-procedure monitoring, and reperfusion imaging also play a role. Cost-effectiveness, clinical trial data, device durability, imaging modality, cerebral blood flow, and thrombectomy workflow are additional considerations.
In the broader context of the global healthcare equipment market, valued at [specific figure] according to Technavio's research, the thrombectomy devices segment encompasses mechanical thrombectomy, endovascular thrombectomy, thrombus aspiration, and clot retrieval systems. These advanced, clinically tested devices are integral to the diagnosis and treatment of various diseases, contributing significantly to the market's growth. The thrombectomy devices segment falls under the healthcare equipment industry's devices category, which also includes capital equipment, instruments, implants, accessories, and consumables. Manufacturers of these devices generate substantial revenue, making them a vital component of the global healthcare equipment market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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