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Thrombectomy Devices Market Trends

Report ID: GMI5245
Published Date: Sep 2023
Report Format: PDF

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Thrombectomy Devices Market Trends

Surging technological advancements in thrombectomy devices will strengthen the industry growth potential during 2023-2032. The introduction of innovative devices is offering higher efficiency and ease in the clinical workflow to physicians performing thrombectomy procedures. Furthermore, growing advancements in thrombectomy devices to provide maximum precision in minimally invasive procedures will add to the product adoption rate. In September 2021, Abbott announced the acquisition of Walk Vascular, LLC, a mechanical aspiration thrombectomy system developer for the removal of peripheral blood clots. The acquisition extended Abbott's vascular device portfolio and its capacity to provide unique endovascular treatment options to improve patient care.

Authors: Mariam Faizullabhoy , Pratiksha Kamthe

Frequently Asked Questions (FAQ) :

Thrombectomy devices industry size was worth USD 1.4 billion in 2022 and is projected to record 7.3% CAGR from 2023 to 2032, owing to the rising prevalence of cardiovascular disorders worldwide.

Mechanical/fragmentation segment generated more than USD 425 million in revenue in 2022 and is poised to witness substantial growth at 7.1% CAGR from 2023-2032 owing to increasing usage to offer improved efficacy in the treatment of diseases.

North America thrombectomy devices market size is expected to witness 7.4% CAGR from 2023-2032 attributed to the growing awareness regarding vascular diseases among the population, the increase in healthcare expenditure, favorable reimbursement scenarios, and government initiatives.

Some prominent firms in the thrombectomy devices industry are Lemaitre Vascular Inc., Boston Scientific Corporation, Medtronic Plc., Penumbra, Inc., Edwards Lifesciences Corporation, Teleflex Incorporated, Stryker Corporation, Johnson & Johnson Services Inc., and Terumo Corporation.