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Blood Clot Retrieval Devices Market Overview

The global blood clot retrieval devices market was valued at around US$ 1.4 Bn at the end of 2021. The market is projected to register a 15.0% CAGR and top a valuation of US$ 5.7 Bn by 2032.

“The accelerating trend of transplantation and the increasing need for stem cell banking are further factors contributing to the expansion of the blood clot retrieval devices market.”

The danger of paralysis or brain damage is reduced by the use of blood clot retrieval devices. This surgical procedure aids in removing the patient's blood clots from the brain. Patients with blood clots in the brain undergo an invasive surgery that involves arteries going to the brain. Blood clot retrieval devices are used to treat two main types of strokes, ischemic and hemorrhagic, both of which are brought on by impaired blood flow to the brain.

Thrombectomy devices, commonly referred to as blood clot retrieval devices are useful in eliminating blood clots by broadening the arteries. When blood clots form in the brain, retrieval devices for blood clots can be very effective in the removal process.

Attributes

Details

Blood Clot Retrieval Devices Market Value in 2021

US$ 1.4 Bn

Blood Clot Retrieval Devices Market Value in 2032

US$ 5.7 Bn

Blood Clot Retrieval Devices Market CAGR (2022-2032)

15.0%

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What are the Major Drivers Boosting the Demand for the Blood Clot Retrieval Devices Market?

Blood clot retrieval devices are in demand as people are becoming more aware of the advantageous reimbursement policies that exist in the majority of countries and the accessibility of minimally invasive surgery options. The market for blood clot retrieval devices is expanding as a result of the availability of advanced healthcare infrastructure. The market is expanding as a result of rising disposable income among people. Spending on medical facilities has increased as a result of rising disposable income. The market is anticipated to expand significantly throughout the forecast period as surgeons are increasingly favoring image-guided procedures.

The prevalence of ischemic strokes, hemorrhagic strokes, and transient ischemic strokes is predicted to rise as a result of people's unhealthy lifestyles. The market for blood clot retrieval devices is expanding as a result of the rising incidence of stroke in elderly patients due to the aging population. The market's expansion will also be aided by regulatory approval for these devices that comply with all rules and regulations as a result of an increase in technological improvements and the introduction of new technologies in the market.

Which Region Shows Strong Growth Potential in the Blood Clot Retrieval Devices Market?

Globally, the market for blood clot retrieval devices is dominated by North America. The increase in the number of patients undergoing surgeries and the availability of technologically advanced medical devices.

The European blood clot retrieval devices market is also second in line in the global market due to the rising demand for blood clot retrieval devices owing to the increasing number of deaths due to strokes.

The East Asian region is predicted to show lucrative growth due to the growing partnerships between international players and regional market players the blood clot retrieval devices market.

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Sabyasachi Ghosh

Principal Consultant

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Who are the Key Players in the Blood Clot Retrieval Devices Market?

AngioDynamics Inc., Terumo Co., Johnson and Johnson, ECKOS Co., Bayer HealthCare LLC, Boston Scientific Co., Argon Medical Devices, Medtronic Plc, Teleflex Incorporated, Penumbra.

Scope of Report

Report Attributes

Details

Growth Rate

CAGR of 15.0% 2022-2032

Base Year for Estimation

2021

Historical Data

2012-2021

Forecast Period

2022-2032

Qualitative Units

Revenue in USD Billion, Volume in Units, and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis

Segment Covered

  • Stroke Type
  • Device
  • Application
  • End User
  • Region

Region Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • GCC
  • South Africa
  • Israel

Key Players

  • AngioDynamics
  • Terumo Co.
  • Johnson and Johnson
  • ECKOS Co.
  • Bayer HealthCare LLC
  • Boston Scientific Co.
  • Argon Medical Devices
  • Medtronic Plc
  • Teleflex Incorporated
  • Penumbra

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Key Segments Covered in the Blood Clot Retrieval Devices Market Report

By Stroke Type:

  • Ischemic Stroke (blood clot)
  • Hemorrhagic Stroke (rupturing of arteries)
  • Transient Ischemic Attack

By Device:

  • Mechanical Embolus Removal Devices
  • Penumbra Blood Clot Retrieval Devices
  • Stent Retrievers
  • Aspiration Device
  • Ultrasound Assisted Devices

By Application:

  • Coronary Arteries
  • Peripheral Arteries
  • Cerebral Arteries

By End User:

  • Hospitals
  • Diagnostic Centers
  • Clinics
  • Ambulatory Surgical Centers

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East and Africa (MEA)

Frequently Asked Questions

What is the Growth Outlook for the Global Blood Clot Retrieval Devices Market?

The global blood clot retrieval devices market is anticipated to register a CAGR of 15.0% during the forecast period.

What is the Projected Value of the Global Blood Clot Retrieval Devices Market in 2032?

The global blood clot retrieval devices market is projected to be about US$ 5.7 Bn by the end of year 2032.

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