Declotting Devices Market Growth Outlook: Trends, Market Size, and Opportunities Over the Next Decade
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Primary Drivers Are Supporting the Continued Market Growth of theDeclotting Devices Market?
The growth of the declotting devices market is anticipated to be driven by the growing incidence of vascular ailments. Vascular disorders, which affect various blood vessels, including arteries, veins, and capillaries, hinder proper blood flow and could result in a range of health issues. The rise in vascular disorders can be mainly attributed to the increase in risk factors like obesity, inactive lifestyles, and aging populations. Declotting devices, which are used in the treatment of vascular disorders, efficiently and quickly eradicate or dissolve blood clots, thereby restoring regular blood flow and avoiding potential complications. For example, based on data released in December 2023 in the journal of the American College of Cardiology, a US-based non-profit organization focused on heart health, the number of ischemic stroke cases in Southeast Asia skyrocketed to 9,373,197 in 2022, exhibiting a prevalence rate of 1,358.5, an increase from 5,994,725 cases in the previous year. As such, the growing incidence of vascular disorders is propelling the growth of the declotting devices market.
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#What Are the Key Projections for the CAGR of the Declotting Devices Market From 2025 to 2034?
In recent times, the declotting devices market has witnessed considerable growth. The market size will escalate from $2.13 billion in 2024 to reach $2.28 billion in 2025, registering a compound annual growth rate (CAGR) of 6.7%. The significant growth rate in the historic period is due to factors such as increasing regulatory endorsements and aid, the rise in telemedicine, the uptrend in remote monitoring, the expansion of healthcare facilities, and emphasis on patient safety regulations.
The market for declotting devices is anticipated to experience robust growth in the ensuing years, with expectations to inflate to $2.92 billion by 2029, with a compound annual growth rate (CAGR) of 6.4%. This projected growth is as a result of factors such as increasing public consciousness about vascular health, government-led initiatives, enhanced health care amenities, a surge in obesity rates, and growing preference for minimally invasive practices. The forecast period anticipates significant trends like partnerships with tech firms, personalization of devices, breakthroughs in anticoagulant therapy, broadening use cases of declotting devices, and progress in medical technology.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theDeclotting Devices Market?
Leading firms in the declotting devices industry are channeling their efforts towards the creation of advanced tools such as computer-assisted declotting devices (thrombectomy) to improve accuracy and effectiveness in clot removal methods. Thrombectomy devices or computer-assisted declotting devices are sophisticated medical equipment designed to facilitate blood clot extraction from the blood vessels. For example, in June 2023, Penumbra Inc., a medical device manufacturer based in the US, successfully introduced Lightning Bolt 7, a superior and sturdy arterial declotting (thrombectomy) system. The Lightning Bolt 7 platform adopts a novel modulated aspiration for clot removal, merging Penumbra’s Lightning Intelligent Aspiration technology with a high-level microprocessor algorithm. The system, with its capability for quickly removing large, fibrous arterial blood clots with minimal blood wastage, can effectively manage acute limb ischemia (ALI), dormant blood clot, and visceral clogs. This is a notable evolution in the field of declotting devices as it provides a more accurate and efficient device for physicians carrying out thrombectomy procedures.
Who Are the Key Market Players Influencing the Growth of the Corn and Declotting Devices Industry?
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.
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Which Key Market Segments Comprise the Declotting Devices Market and Drive Its Revenue Growth?
The declotting devices market 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
Subsegments:
1) By Mechanical Declotting Device: Thrombectomy Devices, Rotational Thrombectomy Devices, Aspiration Catheters, Stent Retriever Devices, Rotational And Suction-Based Thrombectomy Devices
2) By Embolectomy Balloon: Single-Lumen Embolectomy Balloon, Dual-Lumen Embolectomy Balloon, High-Pressure Embolectomy Balloons, Low-Pressure Embolectomy Balloons
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Which Regions Are Emerging as Leaders in the Declotting Devices Market?
North America was the largest region in the declotting devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the declotting devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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