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What key factors are powering the surge in the thrombectomy devices market right now?

In the past few years, the market for thrombectomy devices has experienced significant growth. It’s projected to expand from a value of $1.54 billion in 2024 to about $1.65 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.3%. The market’s historical growth can be linked to several factors, including a rise in stroke cases, older population and vascular disorders, progress in minimally invasive procedures, awareness and prompt intervention, as well as enhanced clinical outcomes.

How fast Is the thrombectomy devices market expected to grow, and what’s its future value?

The market for thrombectomy devices is anticipated to witness robust growth in the forthcoming years. The market is projected to reach “$2.27 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.3%. Key factors driving this growth during the forecasted period include the growing elderly population, improvements in thrombectomy technology, global stroke awareness programs, integration with telemedicine, and partnerships for research and development. Major trends during this period are expected to be the unveiling of next-gen stent retrievers, increased emphasis on neurointerventional thrombectomy, incorporation of image-guided technologies, advancements in thrombus identification and imaging, and a trend towards outpatient thrombectomy procedures.

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What are the leading drivers of growth in the thrombectomy devices market?

The thrombectomy devices market is predicted to surge, driven by the escalating prevalence of cardiovascular diseases. Cardiovascular diseases (CVDs), which encompass disorders impacting the heart and blood vessels such as coronary artery disease, heart failure, and arrhythmias, contribute to the need for thrombectomy procedures. In this procedure, blood clots formed within blood vessels, common in CVDs like acute ischemic stroke and acute myocardial infarction (heart attack), are removed. Therefore, a rise in CVDs logically escalates the demand for thrombectomy devices. For example, data released by the Centers for Disease Control and Prevention (CDC), a US government agency, in October 2024 showed that in 2022, heart disease caused 702,880 fatalities, translating to 1 out of every 5 deaths. Consequently, the surge in cardiovascular disease cases propels the growth of the thrombectomy devices market.

What are the key segments defining the thrombectomy devices market?

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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Who are the key players steering the development of the thrombectomy 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

What emerging trends are influencing the growth of the thrombectomy devices market?

Emerging technologies are a rising trend recognized in the market for thrombectomy devices. Firms participating in this market are integrating new technological innovations to maintain their market stance. In February 2022, a prevalent neurovascular care provider and part of Johnson & Johnson Medical Devices Companies, CERENOVUS, unveiled a cutting-edge balloon guide catheter known as EMBOGUARD. This device is utilized in endovascular procedures, especially those involving acute ischemic stroke patients. EMBOGUARD is the recent addition to the CERENOVUS Stroke Solutions, a compilation of technologies consciously designed to aid physicians in conducting mechanical thrombectomy maneuvers. The EMBOGUARDTM Balloon Guide Catheter has been developed to enhance clot removal by locally managing blood flow during MT procedures. Balloon guide catheters augment first-pass recanalization, reduce the length of the surgery, and decrease the risk of clot fragments dislodging and generating distant emboli.

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Which regions are most influential in expanding 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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