Neurothrombectomy devices are driving due to the awareness amongst individuals for the advantages of maintaining decent health and the increasing demand for high-quality healthcare services. With the rising prevalence of diseases across the globe, people are opting for products that assist them to stay fit and are investing more in healthcare services. Neurothrombectomy devices are intended to retrieve or destroy blood clots in the cerebral neurovasculature by mechanical, laser, ultrasound technologies, or a combination of technologies. This device provides a wide range of advantages compared to pharmacologic thrombolysis, including enhanced efficacy in treating large vessel occlusions and greater effectiveness with a lower risk for hemorrhagic events. The Global Neurothrombectomy Devices Market is expected to see healthy growth, pegged at a CAGR of around 6.9% throughout the forecast period 2020-2026.
Patients with acute ischemic stroke, caused due to the decline of blood supply to the brain, leading to the fatality of brain cells. Increasing cases of acute ischemic stroke, particularly among the aging population, are encouraging market growth. As per the National Center for Biotechnology Information (NCBI), strokes more commonly occur in women than men, especially in the aging population aged 55 years and above. This neurothrombectomy device is used to retrieve or destroy blood clots in the cerebral neurovasculature. Since neurothrombectomy procedure improves functional outcomes and thus, helps in lower the mortality rate in patients.
The advent of neurothrombectomy devices in hospitals, clinics, and other places has driven the market growth. Additionally, the initiation of technologically advanced products and a rapid product approval process are factors expected to drive the development of the neurothrombectomy devices market during the forecast period. Various technologies are used to expand neurothrombectomy devices for the treatment of acute ischemic stroke and its associated symptoms. For instance, in May 2019, Vesalio received CE mark authorization for NeVa-an advanced neurothrombectomy device, introducing an optimized delivery system for effective results. These devices develop on Drop Zone and Smart Maker technologies, presenting features such as a distal filter.
Furthermore, in April 2019, Medtronic launched its fourth-generation Solitaire X revascularization device, indicated for AIS treatment. Therefore, such advantages are anticipated to foster the demand for neurothrombectomy devices, thereby propelling the market growth. Moreover, the expanding mechanical progressions and advancements in the market significantly impact the development of the market. The changing way of life of customers, including the selection of unfortunate propensities, can build the danger of intense ischemic stroke and other such issues, resulting in expansion and driving the demand for these devices. North America holds a significant share owing to the innovative progressions, developing instances of hemorrhagic, ischemic stroke, and interest for negligibly intrusive medical procedures.
Segmentation Overview of the Global Neurothrombectomy Devices Market
The neurothrombectomy devices market is segmented into product and end-use. These major market segments are further categorized into various sub-segments to study the market in detail.
By Product Outlook (Clot Retrievers, Aspiration/Suction Devices, Vascular Snares)
By End-Use Outlook (Hospitals, Emergency Clinics, Ambulatory Surgical Centers)
Key Players Insights
Medtronic, Stryker, Phenox GmbH, Stryker Corporation, Acandis GmbH, Penumbra Inc., and Vesalio are some key market players included in the research study of the global neurothrombectomy devices market.
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