A recent report published by Infinium Global Research on thrombectomy devices market provides an in-depth analysis of segments and sub-segments in the global as well as regional thrombectomy devices market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional thrombectomy devices market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global thrombectomy devices market. According to the report, the global thrombectomy devices market is projected to grow at a CAGR of 6.2% over the forecast period of 2019-2025.
Thrombectomy devices are mainly used to treat blood clots present in the arteries, veins, and capillaries. These devices are available in various sizes. They are used to treat deep vein thrombosis, acute myocardial infarction, pulmonary embolism, peripheral arterial diseases, and neurovascular thrombosis conditions. Thrombectomy devices market is expected to grow during the forecast period.
An increase in the incidence of chronic diseases is the major driver driving the growth of the thrombectomy devices market across the globe. The rise in the geriatric population is another key factor for the growth of the market. However, the lack of skilled professionals and complex use of these devices may hamper the growth of the thrombectomy devices market during the forecast period. Moreover, development in technical advancements and innovations creates an opportunity for the growth of the market in the next few years.
In terms of region, the thrombectomy devices market is categorized into North America, Europe, Asia Pacific, and the Rest of the World. Among all, North America holds the maximum market share and is expected to dominate the thrombectomy devices market during the forecast period. This is mainly due to the growing adoption of advanced technology used for making thrombectomy devices. Also, the rising number of clinical trials, and supportive reimbursement policies in the region has increased the demand in this market. The Asia Pacific is anticipated to grow at a beneficial rate over the forecast time. High usage of these devices in healthcare and increasing healthcare expenses boosts the demand for thrombectomy devices market in the Asia Pacific region. Moreover, growing awareness among surgeons about the benefits of using these devices in countries like India, Japan, and China is likely to benefit the growth of the thrombectomy devices market during the forecast period.
The report on global thrombectomy devices market covers segments such as technology, type, utility, diseases, and end user. On the basis of technology, the sub-markets include mechanical thrombectomy devices, aspiration thrombectomy devices, and rheolytic thrombectomy devices. On the basis of type, the sub-markets include automated devices, and manual devices. On the basis of utility, the sub-markets include reusable devices, and disposable devices. On the basis of diseases, the sub-markets include peripheral diseases, coronary diseases, and neurovascular diseases. On the basis of end user, the sub-markets include ambulatory surgical centers, clinics, hospitals, and other end users.
The report provides profiles of the companies in the market such as Teleflex Incorporated, Johnson & Johnson Services, Inc., Penumbra Inc., Boston Scientific Corporation, Stryker Corporation, Spectranetics, Medtronic plc, Argon Medical Devices, Inc., Terumo Corporation, and Edwards Lifesciences Corporation.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of thrombectomy devices market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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