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Thrombectomy Devices Market by Type and Diseases - 2022
1. No of Pages: 118 Published date: Sept - 2016
Thrombectomy
Devices Market
Opportunity Analysis and Industry
Forecast, 2014 - 2022
2. Introduction to Thrombectomy Devices Market
• Thrombectomy Devices Market Report, published by Allied Market Research, forecasts that
the global market was valued at $982 million in 2016, and is expected to reach $1,389
million by 2022, supported by a CAGR of 5.9% during the forecast period 2014 to 2022.
• Mechanical thrombectomy would continue to be the preferred technology throughout
analysis period.
• North America dominated with around half of the market share in 2015 and is projected to
maintain the lead throughout the forecast period.
• High occurrences of acute myocardial infarction, peripheral artery disease, deep vein
thrombosis, VTE (Venous Thromboembolism) and pulmonary embolism owing to the
sedentary, and unhealthy lifestyle majorly drives the market growth.
• VTE is most common in adults (>60 years). In addition, better healthcare infrastructure and
increase in demand for minimally-invasive treatments; rise in the geriatric population,
which increases incidence of cardiovascular diseases; and technological advancements &
innovations are the factors that nurture the growth of the thrombectomy devices market.
3. Introduction to Thrombectomy Devices Market
• Disposable thrombectomy devices segment generated highest revenue in 2015 and would
continue to follow this trend throughout the analysis period.
• 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.
6. Thrombectomy Devices Market Dynamics
Drivers
• High prevalence of PAD, AMI, DVT & PE conditions
• Rise in geriatric population
• Growing demand of minimally invasive procedures
• Better healthcare infrastructure
• High competition among key players
Restraints
• Lack of trained professionals and awareness
• High cost and complicated use of thrombectomy devices
Opportunities
• Introduction of lasers and uv radiation, and 3D imaging generation in thrombectomy
devices
• Combination of decompressive surgery and thrombectomy
7. Key Benefits of Thrombectomy Devices Market
• Mechanical thrombectomy devices was the leading segment in
2015, and is expected to maintain this position throughout the
analysis period.
• Neurovascular disorder is the major indication which uses
thrombectomy devices for treatment; with over half of the total
market share in 2015.
• Peripheral and coronary diseases segments are projected to grow
at a significant CAGR.
• Reusable thrombectomy devices is projected to grow at a CAGR of
7.7%.
• U.S market for thrombectomy devices is projected to grow at a
CAGR of 5.0%.
• U.S. was the largest country market in 2015, and is projected to
maintain its lead until 2022.