Changing lifestyle and increasing old age population is expected to drive the demand for global neurothrombectomy devices market in the forecast period.
These devices lower the mortality rate of patients and improves the functional outcomes of patients which is the main reason neurothrombectomy devices are preferred to cure the acute ischemic stroke. Neurothrombectomy devices allow patients to reduce or avoid the use of pharmacologic thrombolysis which is expected to minimize the risk of intracerebral hemorrhage. These devices are used for short duration to which rtPA is limited. Neurothrombectomy devices provide more rapid recanalization than thrombolytics. Launch of initiatives by government authorities to raise the awareness about healthy lifestyle and its effect on the cardiovascular system is leading to minimize the occurrence of strokes from such individuals.
The COVID-19 outbreak across the world which has been declared as pandemic by World Health Organization has affected countries adversely. Leading authorities around the world-imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus affected patients started suffering from shortness of breath along with coughing and sneezing. Leading authorities increased the capacity of hospitals as a greater number of patients were getting affected daily and getting admitted into the hospital facilities. Disruption in the supply chain and delay in the progress of clinical trials is leading to the delay in launch of new therapies which is expected to hamper the growth of the neurothrombectomy devices market.
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Global neurothrombectomy devices market is segmented into product, end-user, regional distribution, and company. Based on product, market can be further divided into clot retrievers, aspiration devices, vascular snares, and others. The clot retriever segment is expected to account for major market share for the forecast period, 2022-2026. Increasing occurrence of targeted diseases and its adverse effects is expected to boost the demand for neurothrombectomy devices market. Clot retriever is used to remove blood clot from cerebral arteries. Increasing number of product launches and occurrence of acute ischemic stroke are another factor contributing to the growth of the neurothrombectomy devices.
Based on end-user, market can be fragmented into hospitals, ambulatory surgical centers, among others. The hospitals segment is expected to account for largest revenue throughout the forecast period. Availability of advanced equipment and latest technology in hospital facilities along with the presence of skilled healthcare professionals is contributing to high demand for neurothrombectomy devices. Huge patient in-flow into the hospital facilities and increasing number of hospitals are attracting a huge crowd towards it. Supportive government policies and insurance coverage for availing healthcare services are accelerating the market growth.
Abbott Laboratories Inc., Medtronic Plc., Stryker Corporation, Acandis GmbH, Phenox GmbH, Penumbra Inc., Vesalio, LLC, Siemens Healthineers AG, Inari Medical Inc., Johnson & Johnson are the leading players operating in global neurothrombectomy devices market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several neurothrombectomy devices manufacturers are coming up with their technologically advanced offerings.
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“Market players are investing huge amounts for research and development activities to introduce technologically advanced neurothrombectomy products and quick approval procedures for neurothrombectomy devices is expected to boost the demand of devices. Advanced neurothrombectomy devices are coming up with optimized delivery system, distal filters which is expected to accelerate the growth of neurothrombectomy devices. Also, the manufacturing of less invasive devices to facilitate ease and convenience to patients along with high healthcare expenditure is expected to propel the growth of the neurothrombectomy devices market till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Neurothrombectomy Devices Market By Product (Clot Retrievers, Aspiration Devices, Vascular Snares, Others) By End-User (Hospitals, Ambulatory Surgical Centers, Others) , By Region, Company Forecast & Opportunities, 2026” has evaluated the future growth potential of global neurothrombectomy devices market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global neurothrombectomy devices market.
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