About Motorized Thrombectomy Devices
Motorized Thrombectomy Devices are defined as the interventional procedure of removing a blood clot from a blood vessel. The types of thrombectomy systems include thrombus fragmentation, aspiration thrombectomy, rotational embolectomy, rheolytic embolectomy, ultrasound-assisted thrombolysis and others. It is used in various applications such as Brain and neurological, spine and musculoskeletal, abdominal, coronary, pulmonary and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global motorized thrombectomy devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Motorized Thrombectomy Devices market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtronic plc (Ireland), Bayer AG (Germany), Johnson & Johnson Inc. (Canada), Boston Scientific Corporation (United States), Stryker Corporation (United States), Teleflex Incorporated (United States), Terumo Corporation (Japan), Penumbra Inc. (United States), The Spectranetics Corporation (United States) and AngioDynamics, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Vascular Solutions, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Motorized Thrombectomy Devices market by , Application (Brain and Neurological, Spine and Musculoskeletal, Abdominal, Coronary and Pulmonary) and Region.
On the basis of geography, the market of Motorized Thrombectomy Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Architecture, the sub-segment i.e. Open Systems will boost the Motorized Thrombectomy Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Field Strength, the sub-segment i.e. Low Field Strength will boost the Motorized Thrombectomy Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Diseases, the sub-segment i.e. Peripheral Diseases will boost the Motorized Thrombectomy Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement in Motorized Thrombectomy Devices
Market Growth Drivers:
Increase in the incidence of chronic diseases owing to the sedentary lifestyle. For instance, in 2013, as per an article published by the American Lung Association (ALA), COPD is the 3rd leading cause of death in the United States. Furthermore, more than 11 million people have been diagnosed with COPD. Hence, this has led to witness the growth of the global motorized thrombectomy devices market during the forecast period.
Challenges:
Some of the major problems related to the high cost of devices and complicated use of thrombectomy devices could be challenges for market growth and Dearth of skilled & well-trained surgeons to perform thrombectomy procedures
Restraints:
Stringent Rules and Regulation
Opportunities:
Increasing in geriatric population in the APAC region. For instance, China’s aging working population presents a serious economic problem. In 2015, for instance, according to the Center for Strategic and International Studies, more than 9.5% of the population of China was aged 65 or older in 2015. In addition, The UN projected that it will reach 27.5% by 2050. Hence, it will create new opportunities for market expansion.
Market Leaders and their expansionary development strategies
In September 2021, Boston Scientific Corporation announced an agreement to acquire Devoro Medical, Inc., developer of the WOLF Thrombectomy Platform. The innovative non-console and lytic-free WOLF technology targets and rapidly captures blood clots using finger-like prongs that retrieve and remove thrombi in the arterial and venous systems.
In June 2021, Bayer AG, a German multinational pharmaceutical and life sciences company, has decided to grow its business prospects in India due to the increasing demand for pharmaceuticals in the country by focusing its business operations on 10 brands including headache relief medicine Saridon, multivitamin Supradyn, antifungal Canesten and anti-allergy drug Alaspan, to conquer the Indian market.
Key Target Audience
Motorized Thrombectomy Devices Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.