Sandy, Utah, USA, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Blood Clot Retrieval Devices Market Size, Trends and Insights By Stroke Type (Ischemic Stroke (blood clot), Hemorrhagic Stroke (rupturing of arteries), Transient Ischemic Attack), By Device Type (Mechanical Embolus Removal Devices, Penumbra Blood Clot Retrieval Devices, Stent Retrievers, Ultrasound Assisted Devices), By End Use (Hospitals, Diagnostic Centers, Clinics, Ambulatory Surgical Centers), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global Blood Clot Retrieval Devices Market size & share was valued at approximately USD 1.6 Billion in 2021 and is expected to reach a value of around USD 4.5 Billion by 2030, at a compound annual growth rate (CAGR) of about 15.9 % during the forecast period 2022 to 2030.”
The rise in the health conditions such as transient ischemic attack, hemorrhagic stroke, and ischemia due to sedentary lifestyle practices has given rise to the blood clot retrieval devices market. It is mainly a surgical process that includes the retrieval of blood clots from the individual’s brain to reduce the risk of stroke, paralysis, and speech disorders.
The unhealthy lifestyle practiced by the younger generation and the geriatric age group has increased the prevalence of such grave diseases. Therefore, the demand for minor invasive procedures and reimbursement facilities provided by insurance companies will help boost the market during the forecast period.
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Market Dynamics
Drivers
This helps reduce the number of side effects patients suffer during the postoperative period. In addition, the life expectancy of people in the geriatric age group has also seen steady growth due to using such medical devices. These multiple factors provide better healthcare facilities to the population and help the market to record significant growth.
The high number of people belonging to the geriatric age group has propelled the number of people suffering from chronic and complex cardiovascular diseases, neurological disorders, and vascular impairments. Hence, the use of blood clot retrieval equipment has recently increased.
(A free sample of the Blood Clot Retrieval Devices report is available upon request; please contact us for more information.)
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Restraints
The use of blood clot retrieval equipment includes highly advanced technologies that help complete clot removal with the help of surgical procedures. To perform surgical procedures with the help of this advanced equipment, highly skilled and experienced individuals are required.
The lack of skilled and trained employees for the operation of this advanced equipment proves to be a restraining factor for the market’s growth during the forecast period. Furthermore, a few surgical procedures which fail due to mechanical faults or conditional errors hamper the confidence that the population might show in this equipment. Hence it inhibits the growth of the market worldwide. Furthermore, the malfunctioning of the equipment after installation of the same in the human body increases the patients’ real suffering by reopening the treated areas and thus doubling the expenses.
Key questions answered in this report:
- What is the size of the Blood Clot Retrieval Devices market and what is its expected growth rate?
- What are the primary driving factors that push the Blood Clot Retrieval Devices market forward?
- What are the Blood Clot Retrieval Devices Industry's top companies?
- What are the different categories that the Blood Clot Retrieval Devices Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Blood Clot Retrieval Devices market sample report and company profiles?
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Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Opportunities
The developed medical products used for inserting urine catheters have made the process easier and quicker. The geriatric population has increased the number of people suffering from cardiac and neurological disorders, primarily clots and blockages. These disorders are treatable with the minimum invasive procedures, which are done with the help of clot retrieval equipment. The pandemic has made people aware of healthcare facilities and health practices that benefit the body. Hence, people have shown a drastic shift to minimally invasive surgical techniques rather than extensive and lengthy procedures that have more significant side effects and take longer to heal.
Challenges
The high cost that needs to be paid for these advanced technologies to remove blood clots from clogged vascular systems challenges the market’s growth during the forecast period. Countries with lower socioeconomic backgrounds that have not yet developed cannot afford these equipment and surgical procedures. Malfunctioning the blood-driving machinery during a process is still a challenge in front of the market, which needs a solution at the earliest to maintain trust in this new technology. In the event of a failure of the procedure, a second surgery needs to be performed to make things perfect.
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Report Highlights
Based on the stroke type, the Ischemic segment will dominate the global blood clot retrieval devices market during the forecast. Due to an increase in the number of ischemic strokes globally, the demand for blood clot retrieval devices is expected to grow. Of all the cases of strokes repeated globally, 80% are ischemic strokes.
Based on the end user, the hospital segment dominated the global blood clot retrieval devices market as most patients prefer hospitals. Furthermore, the hospital segment is expected to grow during the forecast as the hospital’s interventional processes are carried out. In addition, due to the extensive infrastructure of the hospitals with the availability of all the facilities under one roof, the segment is expected to grow during the forecast period.
The Asia Pacific region is expected to dominate the blood clot retrieval devices market in the coming years. Due to an investment in developing healthcare infrastructure across many countries in the Asia Pacific region, the market is expected to grow in this region. In addition, the availability of the devices at a lower cost compared to other countries or areas will provide an opportunity for market growth.
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Regional Snapshots
As a result of the rapid development and the use of advanced technology in leading Nations such as North America, the prevalence of numerous heart and brain disorders has increased owing to the sedentary and unhealthy lifestyles in these regions.
The Asia Pacific countries such as China and India have also adopted several advanced technologies, which have increased the sedentary lifestyle practices by the population and increased the chances of strokes and ischemic attacks among individuals.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 1.6 billion |
| Projected Market Size in 2030 | USD 4.5 billion |
| CAGR Growth Rate | 15.9% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | AngioDynamics, Terumo Co., Johnson and Johnson, ECKOS Co., Bayer HealthCare LLC, Boston Scientific Co., Argon Medical Devices, Medtronic Plc, Teleflex Incorporated, Penumbra, and Others |
| Key Segment | By Stroke Type, Device Type, End Use, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Key Player
- AngioDynamics
- Terumo Co.
- Johnson and Johnson
- ECKOS Co.
- Bayer HealthCare LLC
- Boston Scientific Co.
- Argon Medical Devices
- Medtronic Plc
- Teleflex Incorporated
- Penumbra
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Recent Developments
A) A recently developed stent retrieval machine is developed by the Cerenovus Co., a global medical equipment manufacturer. It is known as Embotrap 2, which removes the life-threatening blood clots from the brain resulting in ischemic stroke. It has received clearance from the FDA (US), which will help the company develop its product value and sales. This took place in 2018.
B) In 2021, Tiger Retriever was launched by Rapid Medical. It is a huge manufacturer of responsive, adjustable devices relating to the neurovascular system. The main role of the device is to revascularize the channels during the procedures for ischemic stroke.
C) In 2021, a patient was treated by ENVI.SR mechanical thrombectomy system by the NeuroVasc technologies. It is a universal medical device manufacturer. This product was used as a stent retriever which the company made. It was mainly used for removing blood clots.
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Segments covered in the report
By Stroke Type
- Ischemic Stroke (blood clot)
- Hemorrhagic Stroke (rupturing of arteries)
- Transient Ischemic Attack
By Device Type
- Mechanical Embolus Removal Devices
- Penumbra Blood Clot Retrieval Devices
- Stent Retrievers
- Ultrasound Assisted Devices
By End User
- Hospitals
- Diagnostic Centers
- Clinics
- Ambulatory Surgical Centers
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On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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This Blood Clot Retrieval Devices Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for Blood Clot Retrieval Devices? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Blood Clot Retrieval Devices Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was the Global Market Status of the Blood Clot Retrieval Devices Market? What Was the Capacity, Production Value, Cost and PROFIT of the Blood Clot Retrieval Devices Market?
- What Is the Current Market Status of the Blood Clot Retrieval Devices Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Blood Clot Retrieval Devices Market by Taking Applications and Types in Consideration?
- What Are Projections of the Global Blood Clot Retrieval Devices Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Blood Clot Retrieval Devices Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact on Blood Clot Retrieval Devices Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Is the Market Dynamics of the Blood Clot Retrieval Devices Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Blood Clot Retrieval Devices Industry?
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Reasons to Purchase Blood Clot Retrieval Devices Market Report
- Blood Clot Retrieval Devices Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Blood Clot Retrieval Devices Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Blood Clot Retrieval Devices Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Blood Clot Retrieval Devices Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
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Reasons for the Research Report
- The study provides a thorough overview of the global Blood Clot Retrieval Devices market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Blood Clot Retrieval Devices market analysis.
- The competitive environment of current and potential participants in the Blood Clot Retrieval Devices market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Blood Clot Retrieval Devices market should find this report useful. The research will be useful to all market participants in the Blood Clot Retrieval Devices industry.
- Managers in the Blood Clot Retrieval Devices sector are interested in publishing up-to-date and projected data about the worldwide Blood Clot Retrieval Devices market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Blood Clot Retrieval Devices products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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