Blood Clot Retrieval Devices Market: Overview
The global blood clot retrieval devices market size was worth USD 1.4 billion in 2021 and is estimated to grow to USD 5.12 billion by 2030, with a CAGR of approximately 15.50 percent over the forecast period.
Devices for surgical excision are another name for blood clot retrieval devices. Surgical excision is an interventional procedure frequently used on the cerebral, periphery, and arterial lumen. Stroke is a medical condition that results in inadequate blood flow, which kills brain cells. The market is estimated to be driven by an increasing number of aging people across all developed and emerging nations. The market is anticipated to be driven by advances in technology, financed by numerous governmental and private entities. Rapid development and urbanization are also anticipated to fuel the market’s expansion. Throughout the forecast period, the market is anticipated to be driven by ongoing research into developing enhanced blood clot retrieval devices that would enhance the quality of performance of these devices. A rise in money spent on medical facilities results from rising disposable income. The market is anticipated to expand strongly throughout the projection because surgeons increasingly favor image-guided procedures. The market will grow due to increased interest in novel clot management approaches and rising thrombectomy/embolectomy device demand. Another significant element is the growing awareness among patients and medical professionals of the benefits of percutaneous thrombectomy devices over the traditional technique of eliminating clots through open surgery. Lack of qualified specialists, fruitless recanalization treatments resulting from negative results, and device malfunction during blood clot retrieval are the factors limiting the market for blood clot retrieval devices.
Blood Clot Retrieval Devices Market Drivers:
The market is predicted to rise as more people lead unhealthy lifestyles due to long workdays that don’t allow for much mobility. The market for blood clot retrieval devices is expanding due to the aging population, which also increases the prevalence of stroke in elderly patients. When patients receive medications that are ineffective for treating blood clots, blood clot retrieval devices are quite useful. The market is anticipated to expand due to increased technological breakthroughs and the introduction of new products. Increasing regulatory approval for these devices that comply with all norms and regulations will further fuel market expansion.
Blood Clot Retrieval Devices Market: Restraints
Lack of fruitless recanalization treatments resulting from negative results, and device malfunction during blood clot retrieval are the factors limiting the market for blood clot retrieval devices. Advanced technologies used in blood clot retrieval devices assist in completing clot removal with the aid of surgical procedures. With the aid of this cutting-edge equipment, surgical procedures must be performed by highly qualified and experienced personnel. During the projection period, the market’s expansion would be constrained by a lack of experienced and trained workers to operate this sophisticated machinery.
Blood Clot Retrieval Devices Market: Segmentation
The global blood clot retrieval devices market has been segmented into a stroke, devices, applications, and end users.
Based on devices, the market is classified into mechanical embolus removal devices, penumbra blood clot retrieval devices, stent retrievers, aspiration devices, and ultrasound-assisted devices. In 2021, the mechanical embolus removal devices category dominated the global market. Comparing this equipment to all the other blood clot retrieval tools on the market, it is quite affordable. The lifespan of a patient after surgery is anticipated to rise with the introduction of blood clot retrieval devices. These gadgets are anticipated to have a bigger market share and to be in high demand over the projection period due to the increase in survival time caused by their use compared to previously used medical care. Additionally, the ultrasound-assisted devices segment is anticipated to grow at a significant rate. The blood clot retrieval devices market is starting to pay more attention to the ultrasound-assisted devices market. The market has very little of this product available. The primary motivator for this device is its accuracy and precision in quickly identifying blood clots and treating patients in less invasive ways that do not involve major procedures. The average time of the patient’s stay will be cut in half.
Based on end users, the market is classified into hospitals, diagnostic centers, clinics, and ambulatory surgical centers. In 2021, the hospital’s segment dominated the global market owing to the availability of cutting-edge technologies and top-notch infrastructure. Additionally, hospitals execute most interventional operations in comparison to other settings. The market will develop due to having all the amenities under one roof. Hospitals are the most practical setting for surgical procedures, including clot retrieval tools. This segment is anticipated to compete for more than all other accessible segments in every country. Besides, the ambulatory surgical center’s category is anticipated to grow at a significant rate. Most simple or non-invasive treatments can be performed in ambulatory surgical centers. The important element driving the market for ambulatory surgery centers is favorable reimbursement possibilities for the services offered by these facilities. Ambulatory surgical centers are popular for surgical operations, especially minor ones, in industrialized countries because of medical coverage provided by both state-run and commercial healthcare insurance. Most surgeries performed at ambulatory surgery centers don’t require a hospital stay, and they’re typically less expensive than procedures done in hospitals.
Blood Clot Retrieval Devices Market: Regional Landscape
Asia Pacific region dominated the market for blood clot retrieval devices in 2021. The Asia Pacific region’s blood clot retrieval devices market is expected to expand significantly over the forecast period due to these expanding partnerships between global firms and regional players. Two key factors fueling the market’s expansion are the rise in medical industry mergers and shifting governmental regulations. In these underdeveloped countries, labor is inexpensive, and raw materials can be found simply and for less money. These two elements encourage the expansion of developing economies. Due to the government’s ongoing efforts to provide citizens with better facilities, the Asia Pacific area will experience healthy growth. More people are becoming aware of attractive reimbursement policies.
Blood Clot Retrieval Devices Market: Competitive Landscape
Some of the main competitors dominating the global blood clot retrieval devices market include – Angio Dynamics, Terumo Co., Johnson and Johnson, ECKOS Co., Bayer HealthCare LLC, Boston Scientific Co., Argon Medical Devices, Medtronic Plc, Teleflex Incorporated, Penumbra.
Recent Developments
- In 2021- the first patient will receive treatment from Neuromas Technologies, Inc.’s “ENVITM-SR Mechanical Thrombectomy System,” a stent-retriever created by the business. Patients with strokes can have blood clots removed using the device.
- In 2019-Johnson & Johnson Medical Devices established A Registry to Study Stroke-Inducing Blood Clots Removed by Thrombectomy. This project is beneficial since it provides a variety of equipment suitable for the endovascular treatment of hemorrhagic and ischemic stroke.
COVID-19 Impact on Blood Clot Retrieval Devices Market:
The COVID-19 epidemic had an impact on almost all sectors negatively. The practice of performing elective surgeries by the healthcare system had slowed the market for surgical procedures that were not necessary. They were lined as necessary to reduce the potential of cross-infection between patients and medical personnel. It is anticipated that significant government involvement in wealthy and developing countries will alter the demand and supply chains. There was a shortage of raw materials due to the strict lockdown imposed by the governments of many countries, which hindered local transportation infrastructure. The disrupted production channel had a significant impact on the demand and supply chain.
Global Blood Clot Retrieval Devices Market is segmented as follows:
Blood Clot Retrieval Devices Market by Stroke
- Ischemic Stroke (Blood Clot)
- Hemorrhagic Stroke (Rupturing of Arteries)
- Transient Ischemic Attack
Blood Clot Retrieval Devices Market by Device
- Mechanical Embolus Removal Devices
- Penumbra Blood Clot Retrieval Devices
- Stent Retrievers
- Aspiration Device
- Ultrasound Assisted Devices
Blood Clot Retrieval Devices Market by Application
- Coronary Arteries
- Peripheral Arteries
- Cerebral Arteries
Blood Clot Retrieval Devices Market by End User
- Hospitals
- Diagnostic Centers
- Clinics
- Ambulatory Surgical Centers
Blood Clot Retrieval Devices Market by Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
| Blood Clot Retrieval Devices Market Report Scope |
| Report Attribute | Details |
| Market Size Value in 2022 | USD 1.61 billion |
| Revenue Forecast in 2030 | USD 5.12 billion |
| Growth Rate | CAGR of 15.5 % from 2022 to 2030 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 – 2021 |
| Forecast Years | 2022 – 2030 |
| Quantitative Units | Revenue in USD million and CAGR from 2022 to 2030 |
| Report Coverage | Revenue forecast, company ranking, Trends
competitive landscape, and growth factors |
| Segments Covered | Stroke, Device, Application, End User, and Region |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico and Others |
| Key Companies Profiled | Angio Dynamics, Terumo Co., Johnson and Johnson, ECKOS Co., Bayer HealthCare LLC, Boston Scientific Co., Argon Medical Devices, Medtronic Plc, Teleflex Incorporated, Penumbra. |
Table of Content
Blood Clot Retrieval Devices Market Size, Share, Growth, and Forecast Report
1. Introduction
1.1. Report Description
1.1.1. Aim of the Report
1.1.2. Prospective Audience
1.1.3. Unique Selling Prepositions and Key Takeaways from the Report
1.2. Scope of the Research Study
1.3. Approach/Research Methodology
1.3.1. Secondary Research
1.3.2. Primary Research
1.3.3. Expert Panel Review
1.3.4. Market Data Breakdown and Data Triangulation
1.3.5. Research Approach for Market Size Estimation
1.3.5.1. Top-Down Approach
1.3.5.2. Bottom-Up Approach
1.3.6. Key Assumptions
1.4. Market Segmentation
1.4.1. Stroke
1.4.2. Device
1.4.3. Application
1.4.4. End User
2. Blood Clot Retrieval Devices Market Overview
2.1. Introduction
2.2. Analysis by Stroke, 2017-2030 (US$ Billion)
2.3. Analysis by Device, 2017-2030 (US$ Billion)
2.4. Analysis by Application, 2017-2030 (US$ Billion)
2.5. Analysis by End User, 2017-2030 (US$ Billion)
2.6. Market Analysis by Region, 2017-2030 (US$ Billion)
3. Blood Clot Retrieval Devices Market Dynamics
3.1. Introduction
3.2. Growth Drivers
3.3. Growth Restraints
3.4. Growth Opportunities
3.5. Porter’s Five Forces Analysis
3.5.1. Threat of New Entrants
3.5.2. Bargaining Power of Buyers/Consumers
3.5.3. Bargaining Power of Suppliers
3.5.4. Threat of Substitute Strokes
3.5.5. Intensity of Competitive Rivalry
3.6. Attractiveness Analysis
3.6.1. Stroke
3.6.2. Device
3.6.3. Application
3.6.4. End User
3.6.5. Region
3.7. Value Chain Analysis
4. Blood Clot Retrieval Devices Market Competition Analysis
4.1. Blood Clot Retrieval Devices Market Share Analysis by Company, 2019 – 2021
4.1.1. Top 3 Players, 2019 – 2021
4.1.2. Top 6 Players, 2019 – 2021
4.2. Strategic Initiatives
4.2.1. New Products Launch
4.2.2. Mergers/Acquisitions
4.2.3. Agreement and Collaborations
4.2.4. Partnerships, Joint Ventures, Expansion, and Distribution
5. Global Blood Clot Retrieval Devices Market Analysis by Stroke, Device, Application, and End User, 2017-2030 (US$ Billion)
5.1. Stroke
5.1.1. Global Blood Clot Retrieval Devices Market Share, by Stroke, 2021 and 2030
5.1.2. Global Blood Clot Retrieval Devices Market Revenue, by Stroke, 2017-2030 (US$ Billion)
5.1.3. By Ischemic Stroke (Blood Clot) Market Analysis 2017-2030 (US$ Billion)
5.1.4. By Hemorrhagic Stroke (Rupturing of Arteries) Market Analysis 2017-2030 (US$ Billion)
5.1.5. By Transient Ischemic Attack Market Analysis 2017-2030 (US$ Billion)
5.2. Device
5.2.1. Global Blood Clot Retrieval Devices Market Share, by Device, 2021 and 2030
5.2.2. Global Blood Clot Retrieval Devices Market Revenue, by Device, 2017-2030 (US$ Billion)
5.2.3. By Mechanical Embolus Removal Devices Market Analysis 2017-2030 (US$ Billion)
5.2.4. By Penumbra Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
5.2.5. By Stent Retrievers Market Analysis 2017-2030 (US$ Billion)
5.2.6. By Aspiration Device Market Analysis 2017-2030 (US$ Billion)
5.2.7. By Ultrasound Assisted Devices Market Analysis 2017-2030 (US$ Billion)
5.3. Application
5.3.1. Global Blood Clot Retrieval Devices Market Share, by Application, 2021 and 2030
5.3.2. Global Blood Clot Retrieval Devices Market Revenue, by Application, 2017-2030 (US$ Billion)
5.3.3. By Coronary Arteries Market Analysis 2017-2030 (US$ Billion)
5.3.4. By Peripheral Arteries Market Analysis 2017-2030 (US$ Billion)
5.3.5. By Cerebral Arteries Market Analysis 2017-2030 (US$ Billion)
5.4. End User
5.4.1. Market Share, by End User, 2021 and 2030
5.4.2. Market Revenue, by End User, 2017-2030 (US$ Billion)
5.4.3. By Hospitals Market Analysis 2017-2030 (US$ Billion)
5.4.4. By Diagnostic Centers Market Analysis 2017-2030 (US$ Billion)
5.4.5. By Clinics Market Analysis 2017-2030 (US$ Billion)
5.4.6. By Ambulatory Surgical Centers Market Analysis 2017-2030 (US$ Billion)
6. Global Blood Clot Retrieval Devices Market Stroke Analysis by Region, 2017-2030 (US$ Billion)
6.1. Ischemic Stroke (Blood Clot) Market Analysis 2017-2030 (US$ Billion)
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East & Africa
6.2. Hemorrhagic Stroke (Rupturing of Arteries) Market Analysis 2017-2030 (US$ Billion)
6.3. Transient Ischemic Attack Market Analysis 2017-2030 (US$ Billion)
7. Global Blood Clot Retrieval Devices Market Device Analysis by Region, 2017-2030 (US$ Billion)
7.1. Mechanical Embolus Removal Devices Market Analysis 2017-2030 (US$ Billion)
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Latin America
7.1.5. Middle East & Africa
7.2. Penumbra Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
7.3. Stent Retrievers Market Analysis 2017-2030 (US$ Billion)
7.4. Aspiration Device Market Analysis 2017-2030 (US$ Billion)
7.5. Ultrasound Assisted Devices Market Analysis 2017-2030 (US$ Billion)
8. Global Blood Clot Retrieval Devices Market Application Analysis by Region, 2017-2030 (US$ Billion)
8.1. Coronary Arteries Market Analysis 2017-2030 (US$ Billion)
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Latin America
8.1.5. Middle East & Africa
8.2. Peripheral Arteries Market Analysis 2017-2030 (US$ Billion)
8.3. Cerebral Arteries Market Analysis 2017-2030 (US$ Billion)
9. Global Blood Clot Retrieval Devices Market End User Analysis by Region, 2017-2030 (US$ Billion)
9.1. Hospitals Market Analysis 2017-2030 (US$ Billion)
9.1.1. North America
9.1.2. Europe
9.1.3. Asia Pacific
9.1.4. Latin America
9.1.5. Middle East & Africa
9.2. Diagnostic Centers Market Analysis 2017-2030 (US$ Billion)
9.3. Clinics Market Analysis 2017-2030 (US$ Billion)
9.4. Ambulatory Surgical Centers Market Analysis 2017-2030 (US$ Billion)
10. Blood Clot Retrieval Devices Market Analysis by Geography, 2017-2030 (US$ Billion)
10.1. North America Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.1.1. U.S. Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.1.1.1. Stroke
10.1.1.2. Device
10.1.1.3. Application
10.1.1.4. End User
10.1.2. Canada Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.1.3. Mexico Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.2. Europe Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.2.1. UK Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.2.1.1. Stroke
10.2.1.2. Device
10.2.1.3. Application
10.2.1.4. End User
10.2.2. France Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.2.3. Germany Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.2.4. Spain Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.2.5. Russia Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.2.6. Italy Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.2.7. Rest of Europe Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.3. Asia Pacific Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.3.1. China Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.3.1.1. Stroke
10.3.1.2. Device
10.3.1.3. Application
10.3.1.4. End User
10.3.2. Japan Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.3.3. South Korea Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.3.4. India Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.3.5. Australia Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.3.6. Southeast Asia Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.3.7. Taiwan Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.3.8. Rest of Asia Pacific Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.4. Latin America Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.4.1. Brazil Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.4.1.1. Stroke
10.4.1.2. Device
10.4.1.3. Application
10.4.1.4. End User
10.4.2. Argentina Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.4.3. Rest of Latin America Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.5. Middle East Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.5.1. Israel Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.5.1.1. Stroke
10.5.1.2. Device
10.5.1.3. Application
10.5.1.4. End User
10.5.2. Turkey Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.5.3. Saudi Arabia Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.5.4. UAE Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.5.5. Rest of Middle East Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.6. Africa Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.6.1. Egypt Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.6.1.1. Stroke
10.6.1.2. Device
10.6.1.3. Application
10.6.1.4. End User
10.6.2. South Africa Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
10.6.3. Rest of Africa Blood Clot Retrieval Devices Market Analysis 2017-2030 (US$ Billion)
11. Company Profiles
11.1. Angio Dynamics
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Strategic Initiatives
11.2. Terumo Co
11.3. Johnson and Johnson
11.4. ECKOS Co
11.5. Bayer HealthCare LLC
11.6. Boston Scientific Co
11.7. Argon Medical Devices
11.8. Medtronic Plc
11.9. Teleflex Incorporated
11.10. Penumbra
12. COVID-19 Impact Analysis
12.1. Global Blood Clot Retrieval Devices Market, 2020 – 2030, Pre-V/S Post COVID 19
12.2. Estimated Impact of The Coronavirus (Covid-19) Epidemic on the Blood Clot Retrieval Devices Market Size In 2022, By Scenario
12.3. Impact on Supply Chain and Production in Blood Clot Retrieval Devices Market
12.4. Impact on Import and Export
13. Import-Export Analysis
13.1. North America Blood Clot Retrieval Devices Import-Export, 2017 – 2021
13.2. Europe Blood Clot Retrieval Devices Import-Export, 2017 – 2021
13.3. Asia Pacific Blood Clot Retrieval Devices Import-Export, 2017 – 2021
13.4. Latin America Blood Clot Retrieval Devices Import-Export, 2017 – 2021
13.5. Middle East America Blood Clot Retrieval Devices Import-Export, 2017 – 2021
13.6. Africa Blood Clot Retrieval Devices Import-Export, 2017 – 2021
14. Blood Clot Retrieval Devices Marketing Channel Analysis
14.1. Marketing Channel
14.1.1. Direct Marketing
14.1.2. Indirect Marketing
14.1.3. Development Trend
14.2. Market Positioning
15. Blood Clot Retrieval Devices Manufacturing Cost Analysis
15.1. Key Raw Materials
15.2. Key Raw Material Suppliers
15.3. Market Concentration Rate
15.4. Manufacturing Cost Structure
15.5. Process Analysis
16. Conclusion
