Top Growth Trends in the Declotting Devices Market: Key Insights and Opportunities for 2025-2034
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What key factors are powering the surge in the declotting devices market right now?
The declotting devices market has grown significantly in recent years. It is expected to rise from $2.13 billion in 2024 to $2.28 billion in 2025, with a CAGR of 6.7%. Growth factors include rising regulatory approvals and support, increased adoption of telemedicine, remote monitoring, expanded healthcare infrastructure, and stricter patient safety regulations.
How fast Is the declotting devices market expected to grow, and what’s its future value?
The declotting devices market is expected to reach $2.92 billion by 2029, at a CAGR of 6.4%. Growth is driven by increased awareness of vascular health, government initiatives, better healthcare infrastructure, rising obesity, and the adoption of minimally invasive procedures. Major trends include technology collaborations, device customization, anticoagulant therapy innovations, expanding applications, and medical technology advancements.
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What are the leading drivers of growth in the declotting devices market?
The increasing incidence of vascular disorders is expected to fuel the growth of the declotting devices market in the future. Vascular disorders affect the blood vessels, disrupting normal blood flow and leading to health complications. The rise in these disorders is primarily due to factors such as obesity, sedentary lifestyles, and aging populations. Declotting devices are used to dissolve blood clots, restoring normal blood flow and preventing complications. For instance, a December 2023 report from the American College of Cardiology showed that ischemic stroke cases in Southeast Asia grew significantly from 5.99 million in 2021 to 9.37 million in 2022. Therefore, the rising prevalence of vascular disorders is fueling the growth of the declotting devices market.
What are the key segments defining the declotting devices market?
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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Who are the key players steering the development of 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.
What emerging trends are influencing the growth of the declotting devices market?
Companies in the declotting devices market are focusing on advanced products such as computer-aided declotting devices (thrombectomy) to improve the precision and effectiveness of clot removal procedures. These devices assist in safely removing blood clots from vessels. In June 2023, Penumbra Inc., a US-based medical device company, launched the Lightning Bolt 7 thrombectomy system. It uses modulated aspiration and advanced microprocessor algorithms to remove large arterial clots with minimal blood loss, offering a significant improvement in clot removal technology.
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Which regions are most influential in expanding 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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