What Has Been The Evolution of the Thrombectomy Devices Market in Recent Years?
The thrombectomy devices market has seen considerable growth due to a variety of factors.
•The market size for thrombectomy devices has shown steady progression over the past few years. The market is projected to surge from $1.54 billion in 2024 to $1.65 billion in 2025, with a 7.3%.
compound annual growth rate (CAGR). Factors such as the rising instances of strokes, the expansion of the elderly population, prevalence of vascular diseases, evolution in less invasive procedures, increased awareness, early intervention, and enhanced clinical results have all contributed to the growth seen during the historical period.
What Is the Forecasted Market Size and Growth Rate for The Thrombectomy Devices Market?
The thrombectomy devices market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipating robust expansion in the following years, the thrombectomy devices market is forecasted to surge to $2.27 billion by 2029, yielding a compound annual growth rate (CAGR) of 8.3%.
This growth trajectory during the projected period can be credited to a burgeoning elderly population, advancements in thrombectomy technology, international efforts for increasing stroke awareness, association with telemedicine, and cooperative initiatives for research and development. Key trends for the forecast period encompass the emergence of next-generation stent retrievers, a heightened concentration on neurointerventional thrombectomy, the incorporation of imaging guidance technologies, improvements in thrombus identification and imaging, as well as the transition toward outpatient thrombectomy operations.
What Are The Core Factors Supporting Growth In The Thrombectomy Devices Market?
The upward trend in cardiovascular diseases (CVDs) is projected to fuel the expansion of the thrombectomy devices market. CVDs, which include ailments such as coronary artery disease, heart failure, and arrhythmias, are a group of disorders that impact the heart and the blood vessels. Thrombectomy, a surgical procedure that eliminates blood clots within the blood vessels, is used in the treatment of cardiovascular illnesses including acute ischemic stroke and acute myocardial infarction (heart attack). As such, the rising occurrence of cardiovascular diseases escalates the demand for thrombectomy devices. For example, the Centers for Disease Control and Prevention (CDC), a government agency based in the United States, revealed in a report from October 2024 that 702,880 individuals succumbed to heart disease in 2022, accounting for one out of every five deaths. Hence, the increase in occurrences of cardiovascular disease devices is propelling the growth of the thrombectomy devices market.
What Are The Major Segments Within The Global Thrombectomy Devices Market?
The thrombectomy devices market covered in this report is segmented –
1) By Product Type: Aspiration Thrombectomy Devices, Mechanical Thrombectomy Devices, Ultrasonic Thrombectomy Devices, Other Product Types
2) By Application: Cardiovascular Application, Peripheral Application, Neurovascular Application
3) By End-User: Hospitals, Surgical centers, Ambulatory, Academia, Contract Research Organizations (CROs)
Subsegments:
1) By Aspiration Thrombectomy Devices: Manual Aspiration Devices, Powered Aspiration Devices
2) By Mechanical Thrombectomy Devices: Stent Retriever Devices, Balloon Thrombectomy Devices
3) By Ultrasonic Thrombectomy Devices: Standalone Ultrasonic Devices, Combination Ultrasonic Devices
4) By Other Product Types: Intravenous Thrombectomy Devices, Specialized Thrombectomy Accessories
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Which Trends Are Expected To Transform The Thrombectomy Devices Market?
The thrombectomy devices market is seeing an increase in popularity due to advancements in technology. To maintain their position in the market, companies in this space are embracing new technological innovations. CERENOVUS, a U.S.-based company specializing in neurovascular care and member of the Johnson & Johnson Medical Devices Companies, exemplifies this trend. They launched EMBOGUARD, a cutting-edge balloon guide catheter, in February 2022. This device is utilized in endovascular procedures, including those treating patients with acute ischemic strokes. EMBOGUARD represents the newest addition to CERENOVUS Stroke Solutions — a collection of technologies designed for compatibility to enable physicians to carry out mechanical thrombectomy procedures. The EMBOGUARDTM Balloon Guide Catheter aims to enhance clot clearance by manipulating local blood flow during MT procedures. Balloon guide catheters also promote first-pass recanalization, decrease operation length, and reduce the chance of clot fragments detaching and causing distant emboli.
Who Are the Key Players in the Thrombectomy Devices Market?
Major companies operating in the thrombectomy devices market include:
• Stryker Corporation
• Medtronic plc
• Boston Scientific Corporation
• Johnson and Johnson
• Terumo Corporation
• Penumbra Inc.
• Edwards Lifesciences Corporation
• Argon Medical Devices Inc.
• Teleflex Incorporated
• AngioDynamics
• Koninklijke Philips NV
• Spectranetics Corporation
• Abbott Laboratories
• Inari Medical Inc.
• C. R. Bard Inc.
• BTG International Ltd.
• Walk Vascular LLC
• Phenox GmbH
• Acandis GmbH & Co. KG
• Straub Medical AG
• MicroVention Inc.
• Vascular Solutions Inc.
• Rapid Medical
• Endo International plc
• Acrostak AG
• Neuravi Limited
• Control Medical Technology LLC
• Kaneka Corporation
• Arteria Therapeutics Inc.
• Baxter International
What Is The Most Dominant Region In The Thrombectomy Devices Market?
North America was the largest region in the thrombectomy devices market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global thrombectomy devices market report during the forecast period. The regions covered in the thrombectomy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
