Pune, India, Sept. 12, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global neurothrombectomy devices market is slated to grow at 5.9% CAGR through the analysis period, accruing USD 266 million by the end of 2028.
On further analysis, the document makes note of the segments that are segregated in terms of product type and end-user ambit, and are dominating the market space, with the help of growth rate estimates. Besides, the geographical reach of the market is assessed for the stipulated timeline using the information about the trends and growth prospects.
Intricate details about big corporations who are designing creative strategies and innovative products to uphold the competitive spirit of the industry are listed in the study to give the interested parties a clear view of the current standing of the marketplace.
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The expansion of the industry is driven by the rising adoption of poor lifestyle choices by individuals leading to serious health conditions as well as escalating demand for minimally invasive surgeries.
For those unaware, a neurothrombectomy is a procedure that uses mechanical, ultrasound, and laser technology to recover or dismantle blood clots in the cerebral neurovasculature. It is primarily used to boost recanalization, increase efficiency in treating large vessel occlusions, thereby decreasing the likelihood of hemorrhagic events.
Besides, such devices are known to aid in lowering patient mortality rates and improving functional outcomes. As a result, neurothrombectomy devices are widely used in the treatment of acute ischemic stroke (AIS), thus supplementing the progress of the business sphere during the review period.
Moreover, as neurothrombectomy devices aid in the destruction of blood clotting and increases blood supply to the brain, the rising incidence of AIS, particularly among the aging population, is positively influencing worldwide neurothrombectomy devices market growth.
In addition to this, rapid device review and approval processes are making renowned companies develop technically sophisticated variations, thus creating numerous opportunities in the industry.
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Segmental overview:
In terms of product type, the market consists of categories like clot retrievers, vascular snares, and aspiration/suction machine. Of these, the cloth retrievers vertical accounted for a remarkable market share in 2021 and is slated to record notable gains by the end of the review period.
Based on end-user ambit, the industry is split into ambulatory surgical centers (ASCs), and hospitals & clinics. Among these, the hospitals & clinics segment is poised to retain a significant revenue share during the stipulated timeline.
Regional Analysis:
Experts claim that various regions are assessed at a country level to get a better understanding of the scope of the business world. Latest trends across Europe, Asia Pacific, and North America, along with their revenue share figures help in estimating the industry’s earning potential for the projected timeline.
Competitive Dashboard:
The notable players profiled in global neurothrombectomy devices industry report are Vesalio LLC, Acandis GmbH, Stryker Corporation, Penumbra Inc., Medtronic plc, Phenox GmbH, and Merit Medical Systems Inc. among others.
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Global Neurothrombectomy Devices Market, By Product (Revenue, USD Million, 2018-2028)
- Clot Retrievers
- Vascular Snares
- Aspiration/Suction Machine
Global Neurothrombectomy Devices Market, By End-User (Revenue, USD Million, 2018-2028)
- Ambulatory Surgical Centers (ASCs)
- Hospitals and Clinics
Global Neurothrombectomy Devices Market, Regional Analysis (Revenue, USD Million, 2018-2028)
- Europe
- Asia Pacific
- North America
- Rest of the world (RoW)
Global Neurothrombectomy Devices Market, Competitive Dashboard (Revenue, USD Million, 2018-2028)
- Vesalio LLC
- Acandis GmbH
- Stryker Corporation
- Penumbra Inc.
- Medtronic plc
- Phenox GmbH
- Merit Medical Systems Inc.
TABLE OF CONTENTS:
FIGURES AND TABLES
PART 1. INTRODUCTION
- Report description
- Objectives of the study
- Market segment
- Years considered for the report
- Currency
- Key target audience
PART 2. METHODOLOGY
PART 3. EXECUTIVE SUMMARY
PART 4. MARKET OVERVIEW
- Introduction
- Drivers
- Restraints
- Impact of COVID-19 pandemic
PART 5. MARKET BREAKDOWN BY PRODUCT
- Clot retrievers
- Aspiration/suction machine
- Vascular snares
PART 6. MARKET BREAKDOWN BY END USER
- Hospitals and clinics
- Ambulatory surgical centers (ASCs)
PART 7. MARKET BREAKDOWN BY REGION
- Asia Pacific
- Europe
- North America
- Rest of the World (RoW)
PART 8. KEY COMPANIES
Related Report:
Global Neurovascular device market size study and regional forecasts 2021-2027
Global Neurovascular device Market to reach USD 4.01 billion by 2027. Global Neurovascular device Market is valued approximately USD 2.7 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.8 % over the forecast period 2021-2027. Neurovascular devices are employed in treatment of neurovascular disorders. For instance, neurovascular devices include clips, coils, and stents, which are used in treatment of neurovascular disorders such as brain aneurysm. Growing new technologies for the neurointerventional field, expansion of patient pool fosters demand for Neurovascular devices, growing investment in health care infrastructure, rise in population has led the adoption of neurovascular device across the forecast period.
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