Declotting Devices Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
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The declotting devices market has shown strong growth, increasing from $2.01 billion in 2023 to $2.13 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. This growth can be attributed to regulatory approvals, the rise of telemedicine and remote monitoring, healthcare facility expansion, and a heightened focus on patient safety regulations. The declotting devices market is projected to grow further, reaching $2.75 billion by 2028 with a CAGR of 6.5%. The market’s growth in the forecast period will be driven by heightened awareness of vascular health, government initiatives, improvements in healthcare infrastructure, the rising incidence of obesity, and the increasing adoption of minimally invasive procedures. Key trends expected in the forecast period include technological collaboration, device customization, innovations in anticoagulant therapy, expanding applications for declotting devices, and advancements in medical technology.
Vascular disorders are becoming more common due to factors like obesity, aging populations, and sedentary lifestyles, contributing to the rise of the declotting devices market. These devices play a crucial role in restoring normal blood flow by removing clots. A 2023 report in the American College of Cardiology highlighted that ischemic stroke cases in Southeast Asia rose from 5,994,725 in 2021 to 9,373,197 in 2022. This increasing prevalence of vascular issues is driving demand for declotting devices, as the market continues to expand in response to these health complications.
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What Are The Key Trends That Influence Declotting Devices Market Share Analysis?
Major companies in the declotting devices market are focused on creating advanced products like computer-aided declotting devices (thrombectomy) to improve precision and efficacy in clot removal procedures. Computer-aided declotting devices, also known as thrombectomy devices, are advanced medical instruments designed to assist in removing blood clots from blood vessels. For instance, in June 2023, Penumbra Inc., a US-based medical device manufacturing company, launched the Lightning Bolt 7, a sophisticated arterial declotting (thrombectomy) system. Lightning Bolt 7 introduces a novel approach to clot removal called modulated aspiration, combining Penumbra’s Lightning Intelligent Aspiration technology with an advanced microprocessor algorithm. The Lightning Bolt 7 is designed to rapidly extract large, fibrous arterial blood clots with minimal blood loss, effectively treating acute limb ischemia (ALI), hibernating thrombus, and visceral occlusions. This marks a significant advancement in declotting devices, providing a more efficient and precise tool for physicians performing thrombectomy procedures.
Which Market Players Are Driving Growth In The Declotting Devices Market?
Major companies operating in the declotting devices market are Johnson & Johnson, Abbott Laboratories, Medtronic Ltd, Koninklijke Philips NV, Stryker Corporation, Baxter International Inc, Boston Scientific Corporation, B. Braun Melsungen, Nipro Medical Inc, Teleflex Incorporated, MicroVention Inc, Argon Medical Devices Inc, Surmodics Inc, Balt SAS, Imperative Care Inc, Phenox GmbH, Straub Medical AG, Acandis GmbH & Co KG, Rapid Medical Inc, Thrombolex Inc.
How Is The Global Declotting Devices Market Segmented?
The declotting devicesmarket covered in this report is segmented –
1) By Product: Mechanical Declotting Device, Embolectomy Balloon
2) By Thrombectomy Device: Aspiration Thrombectomy Devices, Percutaneous Mechanical Thrombectomy Devices, Other Thrombectomy Devices
3) By End Use: Hospitals, Clinics, Other End Uses
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The Declotting Devices Global Market Report 2024 provides an overview of the declotting devicesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The declotting devices market forecast analyzes declotting devices market size, declotting devices market share, leading competitor and their market positions.
The Table Of Content For The Declotting Devices Market Include
1. Declotting Devices Market Executive Summary
2. Declotting Devices Market Segments
3. Declotting Devices Market Size And Template Market Growth Rate
4. Key Declotting Devices Market Trends
5. Major Declotting Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Declotting Devices Market
26. Top Declotting Devices Companies
27. Declotting Devices Market Opportunities And Strategies
28. Declotting Devices Market, Conclusions And Recommendations
29. Appendix
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