Thrombectomy Devices Market, by Product Type (Mechanical Thrombectomy Devices, Aspiration Thrombectomy Devices, Hydrodynamic Thrombectomy Devices, and Ultrasonic Thrombectomy Devices), by Application (Neurovascular, Cardiovascular, and Peripheral Vascular), and by End User (Hospitals, Ambulatory Surgical Centers, and Research Laboratories and Academic Institutes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Trends, and Forecast to 2026
- Report code : CMI42254 |
- Industry :
Medical Devices
- Published On : Nov 2018 |
- Pages : 194 Pages |
- Format :
Thrombectomy Devices Market – Insights
Thrombectomy refers to physical removal of soft thrombus. A thrombectomy device is easy to use and consistently opens blood vessels. Use of thrombectomy devices can improve long-term neurological outcomes by providing higher rates of procedural recanalization. Thrombectomy devices can be used in patients for whom pharmacological treatments such as thrombolysis are likely to be ineffective or inappropriate for instance, in case of recent surgery or in patients who are taking oral anticoagulants.
The global thrombectomy devices market size was valued at US$ 1.03 billion in 2017, and is expected to witness a CAGR of 7.4% over the forecast period (2018 – 2026).
Global Thrombectomy Devices Market Value (US$ Mn) & Y-o-Y Growth (%)
Source: Coherent Market Insights Analysis (2018)
Increasing incidences of stroke worldwide is expected to drive growth of the thrombectomy devices market
According to the National Institute for Health and Care Excellence (NICE) 2018 report, the risk of stroke increases with age and the chances of getting stroke is higher in men and Asian people. Thrombectomy treatment provides an alternative in the absence of access to standard of care such as thrombolysis, which is contraindicated during pregnancy.
Rising demand for minimally invasive procedures coupled with increased patient population of stroke, deep vein thrombosis (DVT), and pulmonary embolism (PE) are expected to drive growth of the thrombectomy devices market during the forecast period. According to WHO 2018 report, stroke is the second most common cause of death in the world, with 6.7 million stroke-related deaths each year. Moreover, the burden of disease caused by stroke is set to double worldwide, by 2030.
Thrombectomy Devices Market Restraints
High cost of thrombectomy devices eventually increases its procedure cost, which is a major setback for surgery adoption. According to NICE, July 2018 data, the cost of mechanical thrombectomy devices ranges between US$ 700 to US$ 1,719 for aspiration catheters and US$ 1,911 to US$ 6,372 for stent retrievers per unit excluding taxes. Furthermore, other side effects of thrombectomy devices include bleeding from the area where the catheter is inserted, and appearance of bruise in the area causing pain. Moreover, with the breakdown of blood clots, chemicals are released, which can temporarily affect kidney function or rarely the heart.
Thrombectomy Devices Market - Regional Insights
On the basis of region, the global thrombectomy devices market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Europe thrombectomy devices market is expected to generate significant revenue share during the forecast period, owing to increasing number of stroke cases coupled with rising geriatric population. According to the Lancet journal 2013 report, stroke affects 152,000 people annually in the U.K., which is equal to 1 person every 3 minutes and 27 seconds. According to the Health Information and Quality Authority 2017 report, in Ireland, circulatory system related diseases such as stroke and coronary hearth diseases were most common cause of death, accounting for one in three of all deaths in 2014.
Asia Pacific thrombectomy devices market is expected to expand at the highest CAGR, owing to increasing patient population base and rising disposable income among regional people. According to the National Center for Biotechnology Information (NCBI) 2013 report, in India, the incidence of stroke is about 119-145/100,000 population each year. According to a study in the Lancet journal, heart disease, and stroke in India increased by over 50% from 1990 to 2016. The severities of stroke and mortality rate were higher among women.
Global Thrombectomy Devices Market Share (%), By Region 2017
Source: Coherent Market Insights Analysis (2018)
Thrombectomy Devices Market - Competitive Landscape
Key players operating in the global thrombectomy devices market include Applied Medical, Argon Medical Devices, Inc., Boston Scientific Corporation, BTG International, Capture Vascular, Claret Medical, Control Medical Technology, Edwards Lifesciences Corporation, Johnson & Johnson, Medtronic PLC, Merit Medical Systems, Inc., Minnetronix, Inc., Nexgen Medical Systems, Inc., Natec Medical Ltd., Penumbra, Inc., Phenox GmbH, Stentys SA, Spectranetics Corporation, Straub Medical AG, Stryker Corporation, Terumo Corporation, and Teleflex Incorporated.
Thrombectomy procedures allow surgeons to use a mechanical device to break up or remove the blood clot and restore normal blood flow. It helps neurosurgeons to improve patients’ health, especially those experiencing a large artery stroke. Thrombectomy is widely used in developed economies, due to high number of stroke incidences and increased spending in healthcare.
Market Dynamics
Increasing incidences of deep vein thrombosis (DVT), pulmonary embolism (PE), and stroke are the major factors fuelling high demand for thrombectomy devices. Pulmonary embolism (PE) is the most serious and life-threating complication caused due to thromboembolism. Inappropriate treatment of acute DVT can result in thrombus organization and post-thrombosis syndrome (PTS) in patients, seriously affecting their quality of life. According to University of California, about 10-15% of stroke patients are candidates for thrombectomy, and about 4.7% of patients underwent the treatment in 2015, up from 1.5% in 2009.
Despite high demand and applicability of thrombectomy devices, it also poses certain limitations, which can restrain growth of the market during the forecast period. For instance, side effects of thrombectomy include intracerebral hemorrhage, subarachnoid hemorrhage, device related injury to the vessel wall, and fragmentation of the target thrombus.
Key features of the study:
- This report provides in-depth analysis of the thrombectomy devices market, market size (US$ Mn), and Compound Annual Growth Rate (CAGR (%) for the forecast period: 2018 – 2026, considering 2017 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by leading players
- It profiles key players in the global thrombectomy devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
- Key players covered as a part of this study include Applied Medical, Argon Medical Devices, Inc., Boston Scientific Corporation, BTG International, Capture Vascular, Claret Medical, Control Medical Technology, Edwards Lifesciences Corporation, Johnson & Johnson, Medtronic PLC, Merit Medical Systems, Inc., Minnetronix, Inc., Nexgen Medical Systems, Inc., Natec Medical Ltd., Penumbra, Inc., Phenox GmbH, Stentys SA, Spectranetics Corporation, Straub Medical AG, Stryker Corporation, Terumo Corporation, and Teleflex Incorporated
- Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, governmental initiatives, technological upgradation, market expansion, and marketing tactics
- The global thrombectomy devices market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for thrombectomy devices market, research and consulting firms, new entrants, and financial analysts
Detailed Segmentation:
- Global Thrombectomy Devices Market, By Product Type:
- Mechanical Thrombectomy Devices
- Aspiration Thrombectomy Devices
- Hydrodynamic Thrombectomy Devices
- Ultrasonic Thrombectomy Devices
- Global Thrombectomy Devices Market, By Application:
- Neurovascular
- Cardiovascular
- Peripheral Vascular
- Global Thrombectomy Devices Market, By End User:
- Hospitals
- Ambulatory Surgical Centers
- Research Laboratories and Academic Institutes
- Global Thrombectomy Devices Market, By Region:
- North America
- By Country:
- U.S.
- Canada
- By Product Type:
- Mechanical Thrombectomy Devices
- Aspiration Thrombectomy Devices
- Hydrodynamic Thrombectomy Devices
- Ultrasonic Thrombectomy Devices
- By Application:
- Neurovascular
- Cardiovascular
- Peripheral Vascular
- By End User:
- Hospitals
- Ambulatory Surgical Centers
- Research Laboratories and Academic Institutes
- Europe
- By Country:
- U.K.
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
- By Product Type:
- Mechanical Thrombectomy Devices
- Aspiration Thrombectomy Devices
- Hydrodynamic Thrombectomy Devices
- Ultrasonic Thrombectomy Devices
- By Application:
- Neurovascular
- Cardiovascular
- Peripheral Vascular
- By End User:
- Hospital
- Ambulatory Surgical Centers
- Research Laboratories and Academic Institutes
- Asia Pacific
- By Country:
- Australia
- India
- China
- Japan
- ASEAN
- South Korea
- Rest of Asia Pacific
- By Product Type:
- Mechanical Thrombectomy Devices
- Aspiration Thrombectomy Devices
- Hydrodynamic Thrombectomy Devices
- Ultrasonic Thrombectomy Devices
- By Application:
- Neurovascular
- Cardiovascular
- Peripheral Vascular
- By End User:
- Hospitals
- Ambulatory Surgical Centers
- Research Laboratories and Academic Institutes
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Product Type:
- Mechanical Thrombectomy Devices
- Aspiration Thrombectomy Devices
- Hydrodynamic Thrombectomy Devices
- Ultrasonic Thrombectomy Devices
- By Application:
- Neurovascular
- Cardiovascular
- Peripheral Vascular
- By End User:
- Hospitals
- Ambulatory Surgical Centers
- Research Laboratories and Academic Institutes
- Middle East
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Product Type:
- Mechanical Thrombectomy Devices
- Aspiration Thrombectomy Devices
- Hydrodynamic Thrombectomy Devices
- Ultrasonic Thrombectomy Devices
- By Application:
- Neurovascular
- Cardiovascular
- Peripheral Vascular
- By End User:
- Hospitals
- Ambulatory Surgical Centers
- Research Laboratories and Academic Institutes
- Africa
- By Country:
- South Africa
- Central Africa
- North Africa
- By Product Type:
- Mechanical Thrombectomy Devices
- Aspiration Thrombectomy Devices
- Hydrodynamic Thrombectomy Devices
- Ultrasonic Thrombectomy Devices
- By Application:
- Neurovascular
- Cardiovascular
- Peripheral Vascular
- By End User:
- Hospitals
- Ambulatory Surgical Centers
- Research Laboratories and Academic Institutes
- Company Profiles
- Applied Medical*
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Argon Medical Devices, Inc.
- Boston Scientific Corporation
- Boston Scientific Corporation
- Capture Vascular
- Claret Medical
- Control Medical Technology
- Edwards Lifesciences Corporation
- Johnson & Johnson
- Medtronic PLC
- Merit Medical Systems, Inc.
- Minnetronix, Inc.
- Nexgen Medical Systems, Inc.
- Natec Medical Ltd.
- Penumbra, Inc.
- Phenox GmbH
- Stentys SA
- Spectranetics Corporation
- Straub Medical AG
- Stryker Corporation
- Terumo Corporation
- Teleflex Incorporated
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Technological Advancements
- Regulatory Landscape
- Reimbursement Policies
- Epidemiology Analysis
- PEST Analysis
- Porter’s Analysis
- Global Thrombectomy Devices Market, By Product Type, 2016 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Mechanical Thrombectomy Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Aspiration Thrombectomy Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Hydrodynamic Thrombectomy Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Ultrasonic Thrombectomy Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Global Thrombectomy Devices Market, By Application, 2016 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Neurovascular
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Cardiovascular
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Peripheral Vascular
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Global Thrombectomy Devices Market, By End User, 2016 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Research Laboratories and Academic Institutes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Global Thrombectomy Devices Market, By Region, 2016 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, By Region, 2016 – 2026
- Regional Trends
- North America
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- U.S.
- Canada
- Europe
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- China
- Japan
- India
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Africa
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- Northern Africa
- Central Africa
- South Africa
- Middle East
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- GCC Countries
- Israel
- Rest of Middle East
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Applied Medical
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Argon Medical Devices, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Boston Scientific Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- BTG International
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Capture Vascular
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Claret Medical
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Control Medical Technology
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Edwards Lifesciences Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Johnson & Johnson
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Medtronic PLC
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Merit Medical Systems, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Minnetronix, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Nexgen Medical Systems, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Natec Medical Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Penumbra, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Phenox GmbH
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Stentys SA
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Spectranetics Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Straub Medical AG
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Stryker Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Terumo Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Teleflex Incorporated
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Analyst Views
- Section
- References
- Research Methodology
- About Us and Sales Contact
*Browse 30 market data tables and 33 figures on "Thrombectomy Devices Market” - Global forecast to 2026”.
Research Methodology
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- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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