The global blood clot retrieval devices market was valued at around US$ 1.4 Billion at the end of 2021. The market is projected to register a 15.0% CAGR and top a valuation of US$ 5.7 Billion 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 Billion
Blood Clot Retrieval Devices Market Value in 2032
US$ 5.7 Billion
Blood Clot Retrieval Devices Market CAGR (2022 to 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.
