Neurovascular Thrombectomy Devices Market Introduction

Neurovascular thrombectomy devices market value over USD 3 billion by 2027 end and register a CAGR of over 6.6% from 2020 to 2027.

Globally, the number of people are affected by neurovascular disorders are increasing every year. According to the World Health Organization (WHO), this illness is considered the major cause of deaths. The neurovascular thrombectomy devices market is thriving due to the rising health issues given the sedentary lifestyle of the public and the growing geriatric population also promote the growth of this market. Supportive reimbursement policies and government subsidies help expand the market and promote technological advancements to discover better efficient cures to this chronic serious ailment. With improvements in medical science, the need for minimally invasive procedures is on the rise and thus with modern technology, the neurovascular thrombectomy market is on the rise. 

The employment of neurovascular thrombectomy devices has become an integral part of the guidelines recommended by the American Heart Association/American Stroke Association for the treatment of ischemic stroke. Availability of a large pool of clinical data demonstrating the efficacy of mechanical thrombectomy devices - is expected to fuel the growth of the neurovascular thrombectomy devices market.

Numerous country’s government or non-profit organizations are significantly contributing to spread awareness regarding stokes and their symptoms and preventive measures. Some of the national initiatives are “Get With The Guidelines-Stroke (GWTG)” by the American Heart Association/American Stroke Association and the “Paul Coverdell National Acute Stroke Program (Coverdell)” of the U.S. CDC. Rising disease awareness and acceptance for devices and treatments are expected to help in higher market penetration of neurovascular thrombectomy devices.

The markets in North America register the highest revenue and constitute the largest market globally. While the region of Asia Pacific is registered to grow at the highest CAGR during the forecast period of 2019 to 2026.

Neurovascular thrombectomy devices market is dominated by significant firms such as Johnson Services, Inc., Medtronic, Penumbra Inc., Stryker, Argon Medical and Teleflex Incorporated. These firms are undertaking acquisitions in order to expand. These companies are constantly making efforts to launch innovative products and are focused on acquiring companies in order to expand their reach and gain maximum share in the terms of revenue in the global neurovascular thrombectomy devices market.  For instance, Medtronic plc. acquired Medina Medical, a medical company that manufactures devices for treatment of neurovascular and cardiovascular diseases, and expanded its neurovascular thrombectomy device business.

Key Market Players: 

  • Medtronic Plc
  • Stryker Corporation
  • Teleflex Incorporated
  • Terumo Corporation
  • Johnson & Johnson Services, Inc.
  • Penumbra Inc.
  • Boston Scientific Corporation
  • Edwards Lifesciences Corporation
  • Acandis GmbH
  • Argon Medical Inc

Neurovascular Thrombectomy Devices Market

Neurovascular Thrombectomy Market: Segmentation
By Product Type

  • Stent Retriever
  • Aspiration Catheter 

By End User

  • Hospitals
  • Neuro-Catheterization Labs
  • Specialized Neurosurgery Centers

By Region:

  •  Europe
  • North America 
  • APAC 
  • Latin America
  • Rest of World

Competitive Landscape: 

  • Tier 1 players- established companies in the market with a major market share 
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants  

FutureWise Takeaways 

  • Growth prospects 
  • SWOT analysis
  • Key trends
  • Key data points affecting market growth 

Objectives of the Study:

  • To provide an exhaustive analysis on the neurovascular thrombectomy market by product,  by end-user and by region
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market 
  • To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East.
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
  • Profiling of companies to evaluate their market shares, strategies, financials and core competencies 


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What you get

  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included

  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics