Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.35 Billion | USD 2.12 Billion | 6.9% | 2021 |
FrequentlyAsked Questions
Increasing demand for stent retrievers is likely to boost the global thrombectomy devices market. Stent retrievers are mechanical thrombectomy products from the second generation that are used to treat thrombotic diseases. For the accurate placement of the stent at occlusion site, a balloon-expanding or self-expanding stent is connected to a Guidewire in stent retrieval devices. By inflating the stent body, the stent is put at the blockage site and covers the thrombus.
The thrombus is then completely removed using a stent extraction device. rising reimbursement for thrombectomy operations, growing public-private product development and commercialization expenditures, and enhanced patient priority on less invasive therapeutic techniques are some of the factors propelling the market growth.
According to the Zion Market Research report, the global thrombectomy devices market was worth about USD 1.35 billion in 2021 and is estimated to grow to about USD 2.12 billion by 2030, with a compound annual growth rate (CAGR) of approximately 6.9% over the forecast period.
North America led the global thrombectomy devices market with over 39 percent of the share. United States is expected to remain the major revenue contributor in North American market. The thrombectomy devices market in the United States is being driven by the rising burden of cardiac patients, technical developments in devices to achieve better clinical results, and increased demand for less invasive solutions.
Key players functioning in the global thrombectomy devices market include Stryker Corporation, Medtronic plc., Boston Scientific Corporation, Terumo Corporation, Penumbra, Inc., Johnson & Johnson, Spectranetics Corporation, Teleflex Incorporated, AngioDynamics, Inc., Bayer AG, Merit Medical Systems, Phenox Gmbh, Philips Healthcare, Straub Medical AG, Teleflex Incorporated, Argon Medical Devices, Inc., and Edwards Lifesciences Corporation.
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