Thrombectomy Devices Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Thrombectomy Devices Market?
The expected rise in cardiovascular diseases incidence is believed to boost the growth of the thrombectomy devices market. Cardiovascular diseases (CVDs), encompassing disorders like coronary artery disease, heart failure, and arrhythmias, affect the heart and blood vessels. Blood clots that form in cardiovascular diseases such as acute ischemic stroke and acute myocardial infarction (heart attack) are removed with a procedure known as thrombectomy, thereby fostering the demand for thrombectomy devices as cardiovascular disease cases increase. The Centers for Disease Control and Prevention (CDC), a government agency in the US, revealed in a report in October 2024 that heart disease caused 702,880 deaths in 2022, accounting for one in every five deaths. Consequently, the expanding incidence of cardiovascular disease devices spurs the thrombectomy devices market’s growth.
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#What is the Growth Potential of the Thrombectomy Devices Market, and How Will It Perform by 2034?
The market size for thrombectomy devices has seen substantial expansion in the past few years. Its growth is expected to continue from $1.54 billion in 2024 to $1.65 billion in 2025, evidencing a compound annual growth rate (CAGR) of 7.3%. The surge during the historic period can be linked to heightened occurrences of stroke, an aged demographic, and vascular complications, as well as progress in less invasive procedures. Additionally, better awareness, early treatment, and enhanced clinical results also contribute to this growth.
The market for thrombectomy devices is projected to witness significant expansion in the coming years, reaching “$2.27 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 8.3%. This surge during the forecasted period can be traced back to factors such as the increasing elderly population, progress in thrombectomy technologies, worldwide activities promoting stroke awareness, combination with telemedicine, and partnerships for research and development. Major emerging trends in the forecasted period involve the launch of next-gen stent retrievers, attention on neurointerventional thrombectomy, the integration of imaging guidance technologies, improvements in thrombus detection and imaging, and a shift towards outpatient thrombectomy procedures.
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What Are the Key Market Innovations in theThrombectomy Devices Market Over the Coming Years?
Emerging technologies are a notable trend gaining traction in the thrombectomy devices field. To maintain their market position, businesses operating in this field are incorporating modern technologies. For example, CERENOVUS, a US neurovascular care firm under Johnson & Johnson Medical Devices Companies, introduced a next-generation balloon guide catheter named EMBOGUARD in February 2022. This device is utilized in endovascular procedures, such as those for acute ischemic stroke patients. EMBOGUARD is the newest member of CERENOVUS Stroke Solutions, a technology suite designed with compatibility in mind, in order to aid physicians in carrying out mechanical thrombectomy operations. The objective of the EMBOGUARD Balloon Guide Catheter is to enhance clot removal by managing local blood flow during MT procedures. These balloon guide catheters enhance initial recanalization, reduce surgery duration, and decrease the chances of clot fragment detachment leading to distant emboli.
Who Are the Top Companies Driving Innovation and Growth in theThrombectomy Devices Market?
Major companies operating in the thrombectomy devices market include Stryker Corporation, Medtronic plc, Boston Scientific Corporation, Johnson and Johnson, Terumo Corporation, Penumbra Inc., Edwards Lifesciences Corporation, Argon Medical Devices Inc., Teleflex Incorporated, AngioDynamics, Koninklijke Philips NV, Spectranetics Corporation, Abbott Laboratories, Inari Medical Inc., C. R. Bard Inc., BTG International Ltd., Walk Vascular LLC, Phenox GmbH, Acandis GmbH & Co. KG, Straub Medical AG, MicroVention Inc., Vascular Solutions Inc., Rapid Medical, Endo International plc, Acrostak AG, Neuravi Limited, Control Medical Technology LLC, Kaneka Corporation, Arteria Therapeutics Inc., Baxter International
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Which Key Market Segments Comprise the Thrombectomy Devices Market and Drive Its Revenue Growth?
The thrombectomy devices market covered in this report is segmented –
1) By Product Type: Aspiration Thrombectomy Devices, Mechanical Thrombectomy Devices, Ultrasonic Thrombectomy Devices, Other Product Types
2) By Application: Cardiovascular Application, Peripheral Application, Neurovascular Application
3) By End-User: Hospitals, Surgical centers, Ambulatory, Academia, Contract Research Organizations (CROs)
Subsegments:
1) By Aspiration Thrombectomy Devices: Manual Aspiration Devices, Powered Aspiration Devices
2) By Mechanical Thrombectomy Devices: Stent Retriever Devices, Balloon Thrombectomy Devices
3) By Ultrasonic Thrombectomy Devices: Standalone Ultrasonic Devices, Combination Ultrasonic Devices
4) By Other Product Types: Intravenous Thrombectomy Devices, Specialized Thrombectomy Accessories
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Which Regions Are Emerging as Leaders in the Thrombectomy Devices Market?
North America was the largest region in the thrombectomy devices market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global thrombectomy devices market report during the forecast period. The regions covered in the thrombectomy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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