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The global thrombectomy devices market was valued at USD 1.52 billion in 2022 and growing at a CAGR of 5.9% from 2023 to 2032. Thrombеctomy is a procedure used to remove blood clots from blood vessels, mainly those developed in disorders like acute myocardial infarction (heart attack) and acute ischemia that affect the body's cardiovascular system. A thrombectomy device is used in healthcare to remove blood clots from blood vessels. These devices have revolutionized the treatment of thrombotic disorders by providing minimally invasive alternatives to conventional surgery and vastly increasing patient outcomes. The unifying purpose of all thrombectomy devices is to restore blood flow by dislodging clots. Thrombectomy devices exist in various shapes, each with its special mechanism of action and application. Thrombectomy devices are complex medical tools that remove blood clots, a serious and potentially fatal medical disorder.
The development of thrombectomy devices is considered to be innovative and has drastically revolutionized the healthcare industry. Thrombectomy devices are utilized to enhance patient outcomes and lessen the intrusiveness of therapeutic procedures. Open vascular procedures were the main method used to treat thrombotic disorders in the early 20th century. The only option for surgeons was manual clot removal, which comes with hazards, discomfort, and prolonged patient recovery. Adopting catheter-based procedures marked a crucial turning point in medical history in the middle of the 20th century. These pioneering thrombectomy tools led to a move towards less intrusive treatments. They used catheters and balloons to remove and dislodge blood clots from blood vessels mechanically. With this advancement in thrombotic disease treatment, patients were given a less traumatic and more effective option. Thrombectomy devices utilize a diverse range of technology and operational principles. The main goal of a thrombectomy device is to get rid of blood clots, restricting blood vessels. Although the techniques differ, the devices aim to improve blood flow by removing clots. These tools are used to find the clot site by navigating the complex circulatory system paths.
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Increasing Incidence of Cardiovascular Diseases - The rising prevalence of cardiovascular diseases (CVDs) is one of the main factors propelling the global thrombectomy devices market. Blood clots can occur in arteries or veins due to cardiovascular illnesses such as heart attacks and strokes. People at risk for cardiovascular diseases have significantly increased due to an ageing population and lifestyle changes, increasing demand for thrombectomy operations and devices. The global population is ageing at a previously unpredictable rate, and an increasing number of elders are at risk for cardiovascular illnesses. This factor, in turn, augments the demand for thrombectomy operations/procedures. The prevalence of cardiovascular diseases is growing rapidly. The diseases associated with older people as they are vulnerable to cardiovascular diseases. The demand for thrombectomy devices to treat these illnesses is anticipated to grow substantially as the world's population ages. This factor is augmenting the market growth and development.
High Manufacturing and Development Costs - The costs of manufacturing and developing thrombectomy devices represent the main cost involved. These specially designed, high-tech medical devices frequently use complex manufacturing procedures and advanced materials to remove blood clots safely and effectively. Their high procurement prices are mostly a result of the R&D (research and development) expenditures necessary for designing and producing these devices and quality control procedures. Healthcare facilities, especially those with limited budgets, are anticipated to face difficulty investing in complex manufacturing procedures associated with thrombectomy devices. Additionally, thrombectomy devices need regular maintenance, such as routine servicing, calibration, and component replacement. In addition, the consumables needed to operate these devices, such as aspiration tubing, catheters, and guidewires, raise the overall costs. Healthcare institutions' financial resources may be pressured by ongoing maintenance and consumable costs, especially in environments with limited resources. This factor is limiting the market growth and development.
Technological Advancements- The market for thrombеctomy devices is experiencing ongoing technological advancements, which have sparked innovation in device functioning and design. To increase the еffеctivеnеss, safety, and simplicity of use of these devices, manufacturers are making significant investments in research and dеvеlopmеnt. Fluoroscopy and ultrasound, two emerging imaging modalities, have improved navigation and clot visibility during treatments. Furthermore, the use of robots and artificial intеlligеncе (AI) in thrombеctomy tools has the potential to improve procedure outcomes and shorten the learning time for medical practitioners and experts. Previously, thrombectomy devices have been used to treat acute ischemia; their applications are currently used to treat various vascular diseases. Deep vein thrombosis (DVT), pulmonary embolism, peripheral arterial disease (PAD), and other vascular diseases are treated using thrombectomy devices frequently. This wide array of applications of thrombectomy devices has increased the market's potential in the upcoming years. These factors are anticipated to impact the market growth and development positively.
The regions analyzed for the market include Europe, North America, South America, Asia Pacific, and Middle East & Africa. North America emerged as the largest market for the global thrombectomy devices market, with a 38.0% share of the market revenue in 2022. The region has a well-established healthcare infrastructure, including strict product regulations implemented by the associations, namely, the U.S. Food and Drug Administration (FDA), the Radiological Society of North America (RSNA) and the American Stroke Association. The region has a high incidence of vascular disorders like stroke, deep vein thrombosis (DVT), and peripheral arterial disease (PAD), brought on by the ageing population and lifestyle choices. This factor is propelling the demand for thrombectomy techniques and equipment.
Additionally, the region's commitment to healthcare innovation and investment in advanced medical technologies greatly impacts the regional market growth and development. The willingness to adopt innovative therapies and equipment further strengthens the region's dominance within the global market. Furthermore, regional players use various market strategies, such as mergers and acquisitions, to maintain their competitive edge.
North America Region Thrombectomy Devices Market Share in 2022 - 38.0%
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The type segment is divided into aspiration thrombectomy devices, mechanical thrombectomy devices, ultrasonic thrombectomy devices and others. The mechanical thrombectomy devices segment dominated the market, with a market share of around 48% in 2022. The segment's growth results from the growing popularity of mechanical thrombectomy devices. Various endovascular tools approved for removing thrombi from the nеurovasculaturе in patients with acute ischеmic stroke make up mechanical thrombectomy devices. Most stroke patients are candidates for thrombolysis treatment, which affects a sizable portion of the patient population. Approximately 11% of all stroke patients are eligible for mechanical thrombectomy operations, according to the NHS England Commissionary Policy Stated in 2018. Mechanical thrombectomy is one of the most popular methods for recanalization in patients with large arterial blockage who have not responded to intravenous fibrinolysis. Due to its high success rate in lowering the disability and death associated with stroking, demand is anticipated to be steadily increasing.
The end-user segment is divided into hospitals and ambulatory surgical centres. The hospitals segment dominated the market, with a share of around 59% in 2022. Patients generally choose hospitals over emergency clinics because they offer better medical facilities and have access to cutting-edge technology. The prevalence of acute ischemia-related illnesses is projected to rise, and consumer awareness of nеurothrombectomy devices is also expected to rise. In the U.S. and Europe, stroke is the leading cause of disability and death. The primary method of treating acute ischemia is reperfusion therapy using nеurothrombectomy devices/equipment. Thus, segment expansion is driven by the rising incidence of strokes within the geriatric population. This factor is boosting the segment’s growth.
The application segment is divided into cardiovascular, neurovascular and peripheral. The cardiovascular segment dominated the market, with a market share of around 45% in 2022. The market for thrombectomy devices includes a notable share of cardiovascular applications. These applications typically focus on removing thrombi or clots from the heart's blood vessels and nearby structures. The market share for thrombectomy devices is largely driven by the cardiovascular segment, which covers a range of diseases and treatments. Two cardiovascular disorders, acute myocardial infarction and deep vein thrombosis, remain serious global health concerns. Because prompt clot removal is essential for positive patient outcomes, these diseases are common, which increases the demand for thrombectomy devices.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 1.52 Billion |
| Market size value in 2032 | USD 2.70 Billion |
| CAGR (2023 to 2032) | 5.9% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Type, End-user, Application |
As per The Brainy Insights, the market size of the global thrombectomy devices market was valued at USD 1.52 billion in 2022 to USD 2.7 billion by 2032.
Global thrombectomy devices market is growing at a CAGR of 5.9% during the forecast period 2023-2032.
The market's growth will be influenced by the rising prevalence of cardiovascular diseases.
The high manufacturing and development costs associated with thrombectomy devices is anticipated to hamper the market growth.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Type
4.3.2. Market Attractiveness Analysis by End-user
4.3.3. Market Attractiveness Analysis by Application
4.3.4. Market Attractiveness Analysis by Region
4.4. End-user Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rising Prevalence of Cardiovascular Diseases
5.3. Restraints
5.3.1. High Manufacturing and Development Costs
5.4. Opportunities
5.4.1. Technological Advancements
6. Global Thrombectomy Devices Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Aspiration Thrombectomy Devices
6.3. Mechanical Thrombectomy Devices
6.4. Ultrasound Thrombectomy Devices
6.5. Peripheral
7. Global Thrombectomy Devices Market Analysis and Forecast, By End-user
7.1. Segment Overview
7.2. Hospitals
7.3. Ambulatory Surgical Centres
8. Global Thrombectomy Devices Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Cardiovascular
8.3. Neurovascular
8.4. Peripheral
9. Global Thrombectomy Devices Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.4.4. South Korea
9.4.5. Australia
9.5. South America
9.5.1. Brazil
9.5.2. Argentina
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
9.6.3. Saudi Arabia
10. Global Thrombectomy Devices Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Thrombectomy Devices Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Type Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Boston Scientific Corporation
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Type Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Argon Medical Devices Inc.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Type Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Johnson & Johnson
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Type Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Edwards Lifesciences Corporation
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Type Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Medtronic PLC
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Type Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Koninklijke Philips NV
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Type Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Stryker Corporation
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Type Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Terumo Corporation
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Type Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Straub Medical AG
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Type Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Acandis GmbH
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Type Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Cook Medical
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Type Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
List of Table
1. Global Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
2. Global Aspiration Thrombectomy Devices Thrombectomy Devices Market, By Region, 2019-2032 (USD Billion)
3. Global Mechanical Thrombectomy Devices Thrombectomy Devices Market, By Region, 2019-2032 (USD Billion)
4. Global Ultrasound Thrombectomy Devices Thrombectomy Devices Market, By Region, 2019-2032 (USD Billion)
5. Global Others Thrombectomy Devices Market, By Region, 2019-2032 (USD Billion)
6. Global Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
7. Global Hospitals Thrombectomy Devices Market, By Region, 2019-2032 (USD Billion)
8. Global Ambulatory Surgical Centres Thrombectomy Devices Market, By Region, 2019-2032 (USD Billion)
9. Global Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
10. Global Cardiovascular Thrombectomy Devices Market, By Region, 2019-2032 (USD Billion)
11. Global Neurovascular Thrombectomy Devices Market, By Region, 2019-2032 (USD Billion)
12. Global Peripheral Thrombectomy Devices Market, By Region, 2019-2032 (USD Billion)
13. Global Thrombectomy Devices Market, By Region, 2019-2032 (USD Billion)
14. North America Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
15. North America Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
16. North America Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
17. U.S. Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
18. U.S. Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
19. U.S. Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
20. Canada Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
21. Canada Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
22. Canada Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
23. Mexico Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
24. Mexico Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
25. Mexico Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
26. Europe Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
27. Europe Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
28. Europe Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
29. Germany Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
30. Germany Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
31. Germany Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
32. France Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
33. France Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
34. France Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
35. U.K. Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
36. U.K. Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
37. U.K. Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
38. Italy Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
39. Italy Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
40. Italy Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
41. Italy Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
42. Spain Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
43. Spain Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
44. Spain Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
45. Asia Pacific Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
46. Asia Pacific Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
47. Asia Pacific Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
48. Japan Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
49. Japan Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
50. Japan Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
51. China Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
52. China Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
53. China Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
54. India Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
55. India Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
56. India Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
57. South Korea Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
58. South Korea Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
59. South Korea Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
60. Australia Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
61. Australia Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
62. Australia Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
63. South America Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
64. South America Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
65. South America Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
66. Brazil Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
67. Brazil Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
68. Brazil Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
69. Argentina Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
70. Argentina Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
71. Argentina Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
72. Middle East and Africa Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
73. Middle East and Africa Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
74. Middle East and Africa Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
75. UAE Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
76. UAE Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
77. UAE Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
78. South Africa Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
79. South Africa Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
80. South Africa Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
81. Saudi Arabia Thrombectomy Devices Market, By Type, 2019-2032 (USD Billion)
82. Saudi Arabia Thrombectomy Devices Market, By Application, 2019-2032 (USD Billion)
83. Saudi Arabia Thrombectomy Devices Market, By End-user, 2019-2032 (USD Billion)
List of Figures
1. Global Thrombectomy Devices Market Segmentation
2. Thrombectomy Devices Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Thrombectomy Devices Market Attractiveness Analysis by Type
9. Global Thrombectomy Devices Market Attractiveness Analysis by End-user
10. Global Thrombectomy Devices Market Attractiveness Analysis by Application
11. Global Thrombectomy Devices Market Attractiveness Analysis by Region
12. Global Thrombectomy Devices Market: Dynamics
13. Global Thrombectomy Devices Market Share By Type (2023 & 2032)
14. Global Thrombectomy Devices Market Share by End-user (2023 & 2032)
15. Global Thrombectomy Devices Market Share by Application (2023 & 2032)
16. Global Thrombectomy Devices Market Share by Regions (2023 & 2032)
17. Global Thrombectomy Devices Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global thrombectomy devices market based on below mentioned segments:
Global Thrombectomy Devices Market by Type:
Global Thrombectomy Devices Market by Application:
Global Thrombectomy Devices Market by End-user:
Global Thrombectomy Devices Market by Region:
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