Global Clot Management Devices Market Overview:
Clot Management Devices is an equipment that used to clear the blockage of blood supply to the hearts, brains, legs and others. Clot Management Devices market is expected to mark significant growth over forecasted period owing to increasing government spending on healthcare infrastructure, growing geriatric population and technological advancement. There has been significant rise in diagnosis and treatment of VTE with figure stood up to USD 15.5 Billion in United States alone in 2018, the future for clot management devices looks promising. This result in rising popularity of clot management procedures for rural population, increasing demand of unmet medical and healthcare needs and escalating need of research and development may trigger demand and help in industry expansion.
As per latest study released by AMA Research, the Global Clot Management Devices market is expected to see growth rate of 4.3% and may see market size of USD1246.0 Million by 2027.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Clot Management Devices Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increase Number of Patients with Clots in Cardiovascular and Peripherals Vascular Systems Boost the Market.
- Increase Awareness about VTE Fuelled Up the Clot Management Devices.
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Restraints | - Increase in Risk of Bleeding and Blockage Hampers the Devices.
- Lack of Trained Professional and Physician to Use the Clot Management Device.
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Road Blocks / Challenges | - Limitation Due to Reimbursements in Developing Countries are Anticipated to Challenge the Market.
- Stringent Government Regulation Restrain the Market.
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Gaps & Opportunities | - Proliferation of Healthcare Infrastructure Leads to Grow the Clot Management Devices Market.
- Upsurge Demand of Advanced Technologies Based Clot Management Devices.
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Competitive Landscape:
Some of the key players profiled in the report are Angio Dynamics, Inc. (United States), Applied Medical Resources Corporation (United States), Bayer HealthCare AG (Germany), Boston Scientific Corporation (United States), Edwards Lifesciences Corporation (United States), EKOS Corporation (United States), Janssen Pharmaceuticals, Inc. (United States), Medtronic, Inc. (United States), Stryker Corporation (United States) and Volcano Corporation (United States). Additionally, following companies can also be profiled that are part of our coverage like Johnson & Johnson Services Inc. (United States), Sorin Group (Italy), Bayer AG (Germany) and Abbott (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Clot Management Devices market by 2027.
Latest Market Insights:
In September 2018, LeMaitre Vascular acquired vascular clot management business of Applied Medical Resources Corporation with a deal of 14.2 USD Millions. This acquisition is beneficial in providing clot management product line that consist of Syntel embolectomy, thrombectomy catheters and irrigation catheters.
In January 2019, Johnson & Johnson Medical Devices launched a Registry to Study Stroke-Inducing Blood Clots that removed by thrombectomy which is beneficial in offers a broad portfolio of devices that applicable for endovascular treatment of hemorrhagic and ischemic stroke.
“According to US Food and Drug Administration, its cleared that the use of the Trevo clot retrieval device to treat certain stroke patients up to 24 hours after symptom onset, expanding the device’s indication to a broader group of patients. It also expands the treatment window from 6 to 24 hours that will significantly increase the number of stroke patients who may benefit from treatment.”
What Can be Explored with the Clot Management Devices Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Clot Management Devices Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Clot Management Devices
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Clot Management Devices market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Clot Management Devices market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Clot Management Devices Manufacturers, Clot Management Devices Traders, End-Use Market Participants of Different Segments of Clot Management Devices, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.