Blood Clot Retrieval Devices Market (By Type: Aspiration Devices, Stent Retrievers; By Application: Coronary Arteries, Peripheral Arteries, Cerebral Arteries) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Published | Pages : 128

Introduction

The global blood clot retrieval devices market is expected to grow at a CAGR of around 17.5% from 2018 to 2025 and reach the market value of around $2.29 billion by 2025.

Blood clot retrieval is a surgical technique that involves mechanical removal of blood clot from the patient’s brain. This technique is mainly used for treatment of ischemic strokes caused due to the blood clots, which reduces the risk of paralysis, speech difficulties, and other stroke disabilities. A stroke is an unexpected loss of blood circulation in an area of the brain resulting into the loss of neurological functioning. There are two types of strokes, ischemic and hemorrhagic. Ischemic stroke occurs due to insufficient blood flow to the brain and due to internal bleeding hemorrhagic stroke occurs. Ischemic blood clot is due to blockage of a blood vessel whereas a hemorrhagic stroke involves direct bleeding into the brain or in the space surrounding the brain. Major symptoms during blood clotting are observed such as speech problems, feeling only one side of body, Inability to move, dizziness, understanding problems, and loss of vision. Aspects such as blood pressure, obesity, high blood pressure, tobacco, high blood cholesterol, smoking and mellitus which can increase risk factors interlinked with blood clotting. Bleeding and diagnosis are caused due to brain aneurysm which typically involves medical resonance imaging (MRI) scan and electrocardiogram (ECG). Furthermore, blood tests are required in order to conclude risk factors and understand the root problems.

Market Dynamics

The growth of blood clot retrieval market is primarily driven by increasing ischemic stroke, hemorrhagic stroke, and transient ischemic attack due to a sedentary and unhealthy lifestyle. Moreover, an increase in the prevalence of strokes in geriatric population, increased demand for minimally invasive operations, and favorable reimbursement policies stimulate the market growth. Increased use of blood clot retrieval devices in geriatric patients, improved patient selection using imaging and clinical results, and use of an advance instrument for guiding catheter placement are some factors anticipated to fuel the growth of global blood clot retrieval devices market during the forecast period. However, the risk associated after surgery and high surgical cost, the lack of infrastructure and skilled occupations and of rigorous government rules related to the safety and effectiveness of blood clot recovery equipment is hampering market growth. Continuing R&D activities on blood clot recovery systems are expected to present new market opportunities. Increased use of blood clot retrieval devices in elderly patients, improved patient selection using imaging and clinical results, use of an advance instrument for guiding catheter placement are some factors anticipated to fuel the growth of global blood clot retrieval devices market during the forecast period.

The global blood clot retrieval devices market is segment into type, application and region. On the basis of type, the market is segmented into Stent Retrievers, and Penumbra System. The stent retrievers are raising demand and strongly recommended option for removal of large blood clots is boosting the blood clot retrieval devices market. To remove large blood clot the trained doctors mostly use stent retrievers by method known as mechanical thrombectomy. Due to easier performing procedure and quicker treatment by stent retriever devices, dominating the blood clot retrieval devices. Moreover, the market growth is hampered due to the small treatment window offered by stent retrievers, as medical professionals are looking for better stenting and option for blood clot retrieval products.

On the basis of application, the market is segmented into coronary arteries, peripheral arteries, and cerebral arteries. Cerebral arteries segment is dominated the market in 2018 and in the upcoming year. Owing to the cerebrovascular disease led to causes of illness and death. An intra-arterial (IA) thrombolysis method was evaluated with different thrombolytic agents in order to complete the arterial recanalization and broaden the therapeutic window for stroke therapy. Furthermore, IA thrombolysis leads to an increased recovery rate with less fibrinolytic medication. R-pro-UK treatment has shown promising clinical results in clinical trials in patients with a middle cerebral artery (MCA). Clot recovery devices have traditionally been designed for the removal of foreign body.

The market research study on “Blood Clot Retrieval Devices Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025”, offers a detailed insights on the global blood clot retrieval market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. Information about porter's five forces analysis is also covered under the report scope. The report provides insights on global blood clot retrieval devices market, its type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global blood clot retrieval devices market size and volume, and segment markets by type, application, and geography along with the information on companies operating in the market. The blood clot retrieval devices market analysis is provided for major regional markets including North America, Europe, China, Southeast Asia, Japan and India followed by major countries. For each region, the market size and volume for different segments has been covered under the scope of report. Geographically, the global blood clot retrieval devices market is bifurcated into 5 major regions such as North America, Europe, Asia-Pacific (APAC), and Latin America, Middle East & Africa (LAMEA). North America is expected to dominate the global blood clot retrieval devices market in 2018 owing to the increasing reimbursement through government policies and rising fund provide a route map for improving and sustainable representations for worldwide quality. Europe is likely to hold the major share over the forecasted period owing to the rise in demand for blood clot retrieval devices, improved technological development, and better government policies. Additionally, Europe market for blood retrieval devices is flourishing due to strategic steps adopted by different organization. Most of the companies are investing in joint ventures, collaborations, partnership to develop their footprints in Europe market. The global presence of Europe blood clot retrieval device manufacturers and saturation of their partnering organizations will support in escalating the companies market position. Moreover, Europe is now adopting the patient focused technologies and companies have increased the adoption of blood clot retrieval devices for treating stroke patient. Asia-Pacific is expected to witness a strong growth during the forecasted period owing to the rising number of local players providing blood clot retrieval devices at lower cost, especially in countries such as China. Recently, China government has initiate hospital-based program to improve treatment of stroke patients. For instance, the Chinese Stroke Association has collaborated with American Stroke Association and Chinese Stroke Association to reduce the illness and death by 25% during forecast period. The Southeast Asia represents a significant and essential market with country operating under high technology such as Singapore. In this region, government stringent rules and leading investment by global manufacturers due to which market is anticipated to increase gradually in upcoming years. In Japan, it is expected to rise in stroke cases due to environmental calamities. The Japanese government has strategic step towards establishment of a powerful and effective stroke prevention system, and to reduce number of stroke patients in the stroke impacted regions. Japan is a developed nation with strong understanding for advanced technology for blood clot retrieval medical devices is projected to easily and promptly adapt to the advancements in clot retrieval devices. India is second largest emerging economies with increasing inflow of foreign direct Investment (FDI) and Foreign Institutional Investor (FII) funding. India lacks in advanced medical infrastructure as compared to North America, Europe and Japanese organization. Moreover, it has large pool of stroke patients that favors the growth and adaptation of blood clot retrieval devices with proper training and awareness in the region. Increasing literacy, skilled doctors and international medical exchange are propelling the blood clot retrieval device market. The players profiled in the report include Stryker, Medtronic, Penumbra, Capture Vascular, Cerenovus, and others. The report studies the blood clot retrieval devices market status and outlook of global and major regions, from angle of manufacturers. In 2017, Medtronic Plc held the global market share of 38.5% in terms of revenue.

Market Segmentation

Market By Type

  • Aspiration Devices
  • Stent Retrievers

Market By Application

  • Coronary Arteries
  • Peripheral Arteries
  • Cerebral Arteries

Market By Geography

  • North America
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India


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