• August 3, 2020

Global Thrombectomy Devices Market: Growth, Trends and Forecasts (2020-2025) - ResearchAndMarkets.com - Odessa American: Business

e-Edition Subscribe

Global Thrombectomy Devices Market: Growth, Trends and Forecasts (2020-2025) - ResearchAndMarkets.com

Print
Font Size:
Default font size
Larger font size

Posted: Friday, July 10, 2020 7:13 am

DUBLIN--(BUSINESS WIRE)--Jul 10, 2020--

The "Global Thrombectomy Devices Market: Growth, Trends and Forecasts (2020-2025)" report has been added to ResearchAndMarkets.com's offering.

The global population is aging rapidly, owing primarily to the reduced birth rates, stressed lifestyle, and increasing life expectancy. The geriatric population is at greater risk of developing multiple disease conditions, which would need surgical interventions for the treatment.

According to the United Nations report, 2019, the number of people above 65 years of age will be 1 in 6 by 2050 and globally, there were 703 million older persons aged 65 or over in 2019.

The growing trend of the geriatric population is leading to an increase in the prevalence of cardiovascular diseases. The growing burden of strokes across the world is demanding innovative products with high efficacy, leading to growth in the sales of stent retrievers for effective thrombectomy related procedures, thus driving the thrombectomy devices market.

Key Market Trends

The Mechanical Thrombectomy Devices Segment is Expected to Hold a Major Share in the Market

Mechanical thrombectomy devices comprise a wide number of endovascular tools cleared for removing thrombi from the neurovasculature in acute ischemic stroke patients. There is a significant percentage of the stroke patient population who are eligible for treatment with thrombolysis. As per the NHS England commissionary policy reported in 2018, about 12% of all people with stroke are eligible for mechanical thrombectomy procedures.

Two of the first generation mechanical thrombectomy devices include the Merci Retriever system by Stryker and the Penumbra Aspiration device by Penumbra. These devices have been widely appreciated. Merci Retriever was among the first endovascular devices to receive FDA approval in the United States. There are several established players in this segment, such as Acandis, J&J, and Sela Medical, among others.

The mechanical thrombectomy is one of the most used approaches to recanalization in patients with large-artery occlusion who have not responded to intravenous fibrinolysis. The demand is expected to be consistently growing and should be a major part of the thrombectomy devices market because of its good success rate in reducing the stroke-related disability and mortality.

North America Expected to Dominate the Market Over the Forecast Period

The increasing burden of cardiac patients, technological advancements in the devices to attain better clinical outcomes, and increasing demand for minimally invasive products are driving the thrombectomy devices market in the United States.

According to the CDC, nearly 800,000 people in the United States have a stroke every year. Stroke is the fifth major cause of death in the United States, killing nearly 130,000 people a year. The increasing burden of stroke is leading to an increasing demand for interventional procedures. Thus, this is driving the market.

As per a recent publication (2018) by the American Heart Association (AHA) Journals, about only two-thirds of the US population have direct access to endovascular therapy (EVT) for stroke within an hour. This has raised concerns to improve the accessibility and shorten the time to EVT to give patients the best chance for an excellent outcome after strokes.

The growth in the adoption rate has been steady with the focus on several other diseases, such as pulmonary embolism. Over the forecast period, with the favorable reimbursement scenario for medical devices and aforementioned factors, the market is estimated to grow consistently in the North American region.

Competitive Landscape

The thrombectomy market is moderately competitive and consists of global and local players. However, new entrants in the market are expected to hold a substantial share. Stryker, Boston Scientific, Medtronic, and Terumo Corporation are some of the global companies in this market.

Key Topics Covered

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Growing Geriatric Population Leading to Increase in CVDs Related Patients

4.2.2 Technological Advancements in Medical Devices Used for Capturing Blood Clots

4.2.3 Increased Awareness Regarding Early Diagnosis of Diseases

4.3 Market Restraints

4.3.1 Shortage of Trained Professionals

4.3.2 High Cost and Difficultly Use of Devices for Complex Morphologies

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 By Product Type

5.1.1 Aspiration Thrombectomy Devices

5.1.2 Mechanical Thrombectomy Devices

5.1.3 Ultrasonic Thrombectomy Devices

5.1.4 Other Product Types

5.2 By Application

5.2.1 Cardiovascular Thrombectomy

5.2.2 Neurovascular Thrombectomy

5.2.3 Peripheral Vascular Thrombectomy

5.3 By End User

5.3.1 Hospitals/Clinics

5.3.2 Ambulatory Centers

5.3.3 Other End Users

5.4 Geography

5.4.1 North America

5.4.2 Europe

5.4.3 Asia-Pacific

5.4.4 Middle-East & Africa

5.4.5 South America

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Argon Medical Devices Inc.

6.1.2 Boston Scientific Corporation

6.1.3 Edwards Lifesciences Corporation

6.1.4 Johnson & Johnson

6.1.5 Medtronic PLC

6.1.6 Penumbra Inc.

6.1.7 Koninklijke Philips N.V. (Spectranetics)

6.1.8 Terumo Corporation

6.1.9 Straub Medical AG

6.1.10 Stryker Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/eejz9k

View source version on businesswire.com:https://www.businesswire.com/news/home/20200710005246/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 07/10/2020 08:13 AM/DISC: 07/10/2020 08:13 AM

http://www.businesswire.com/news/home/20200710005246/en

© 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Odessa, TX

Current Conditions

Partly Cloudy
69°
Humidity: 79%
Winds: ENE at 12mph
Feels Like: 69°

Your Extended Forecast

Tomorrow

weather
High 98°/Low 74°
Mix of sun and clouds. Highs in the upper 90s and lows in the mid 70s.

tuesday

weather
High 104°/Low 77°
More sun than clouds. Highs 102 to 106F and lows in the upper 70s.

wednesday

weather
High 105°/Low 76°
A few clouds. Highs 103 to 107F and lows in the mid 70s.
Online Features

Pet Central

pets

Having a pet is a lot of responsibility, and we’ll help by giving you lots of tips and tricks! More >>

Fitness

Fitness

Our fitness articles will help teach you how to work out with gym- and home-based exercises. More >>

Crosswords

Crosswords

Enjoy the crosswords challenge in our free daily puzzles, from the harder Sunday crossword to the quicker daily. More >>

Sudoku

Sudoku

Every Sudoku has a unique solution that can be reached logically. Enter numbers into the blank spaces so that each row, column and 3x3 box contains the numbers 1 to 9. More >>




  • ALL-ACCESS: Subscribe to our e-edition and premium website at myoaoa.com.
    You can read your daily newspaper without taking a walk to the driveway.
    Look back at yesterday's newspaper, or issues from months ago with our archive feature.
    Call circulation at 432-337-7314 to sign up today.