Positive Impact of COVID-19 Drive the Thrombectomy Devices Market | Driving factors and Opportunity Analysis 2020-2026
Pune, Maharashtra, India, September 22 2020 (Wiredrelease) Allied Analytics –:Driving factors of the thrombectomy devices are elevating incidences of CVDs and neurological diseases, ongoing technological advancements, and favorable medical reimbursement scenario.Also, growing healthcare expenditure and increasing researches and studies in the field of thrombectomy is likely to have a positive impact on the growth of the market in the coming years.
Besides, rising healthcare expenditure, increasing research, and studies in the field of thrombectomy are likely to have a positive effect on the growth of the Thrombectomy Devices Market in the forecast years.
Download Report Sample COVID-19 Impact Analysis on the Thrombectomy Devices Market:
High occurrences of acute myocardial infarction, peripheral artery disease, deep vein thrombosis, VTE (Venous Thromboembolism) and pulmonary embolism owing to the sedentary, and unhealthy lifestyle majorly drives the market growth. VTE is most common in adults (>60 years). In addition, better healthcare infrastructure and increase in demand for minimally-invasive treatments; rise in the geriatric population, which increases incidence of cardiovascular diseases; and technological advancements & innovations are the factors that nurture the growth of the thrombectomy devices market. Some of the restraints associated with the thrombectomy devices market are scarcity of trained professionals, lack of awareness, and the complicated use of devices.
Geographically, North America occupied a major market share in 2015, and is expected to continue leading during analysis period. This was attributed to the sedentary and unhealthy lifestyle of the current generation, demand of better healthcare infrastructure, and increase in demand for minimally-invasive treatments and incidence of cardiovascular diseases. However, Asia-Pacific followed by LAMEA are expected to be the fastest growing regions, owing to the presence of ample growth opportunities in terms of unmet medical needs for the treatment of thrombus.
The thrombectomy devices market holds a substantial scope for growth globally. Recent innovations, which embed introduction of innovative ideas such as use of lasers, ultraviolet radiation, and 3D image generation, will provide better results to the physicians and allow them to work more efficiently. The upcoming trend in this market is the introduction of a technique, which involves the combination of decompressive hemicraniectomy and endovascular thrombectomy to treat patients with cerebral venous thrombosis.
Key findings of the Thrombectomy Devices Market
• Mechanical thrombectomy devices was the leading segment in 2019, and is expected to maintain this position throughout the analysis period.
• Neurovascular disorder is the major indication which uses thrombectomy devices for treatment; with over half of the total market share in 2019.
• Peripheral and coronary diseases segments are projected to grow at a significant CAGR.
• Reusable thrombectomy devices is projected to grow at a CAGR of 7.7%.
• U.S market for thrombectomy devices is projected to grow at a CAGR of 5.0%.
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Key players have adopted mergers & acquisitions and product launch as their key strategies in the thrombectomy devices market. This is due to the growth in competition and continuous technological advancements. In July, 2016, Penumbra launched thrombectomy device ACE 68 Reperfusion Catheter for commercial use in the U.S. This catheter uses the latest advancements available in the tracking technology and delivers maximum aspiration power for extracting thrombus in stroke intervention. This product launch is expected to strengthen the product portfolio of Penumbra, a leading market player. The major market players profiled in this report include Boston Scientific Corporation, Medtronic Plc, Teleflex Incorporated, Penumbra Inc., The Spectranetics Corporation, AngioDynamics, Inc., Terumo Corporation, Johnson and Johnson, Inc., Stryker Corporation, and Vascular Solutions, Inc.
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