Global Cerebral Thrombectomy Systems Market growing at a CAGR of 5.2% from 2023 to 2030
Category : Pharmaceuticals And Healthcare | Published Date : Jun 2023
Key Market Overview
According to a recent report by Consegic Business Intelligence, the cerebral thrombectomy systems market is poised for strong expansion and is expected to reach USD 5,707.43 Million by 2030. The market, which was valued at USD 3,816.57 Million in 2022, is predicted to grow at a compound annual growth rate of 5.2% during the period 2023-2030.
The report highlights the increasing demand for minimally invasive approaches such as cerebral thrombectomy systems. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the cerebral thrombectomy systems market.
Global Cerebral Thrombectomy Systems Market By Overview
The cerebral thrombectomy systems market is bifurcated into product type and end-user. The product type segment is categorized into enveloping coils, rheolytic devices, laser-based devices, suction devices, catheters with balloons, snares, and others. In 2022, the suction devices segment accounted for the highest market share in the cerebral thrombectomy systems market. Based on end-user, the market is segmented into hospitals, clinics, ambulatory centers, academic research centers, and others. In 2022, the hospital segment dominate in the overall cerebral thrombectomy systems market.
Get Free SampleMarket Dynamics
Driver:
- The rising prevalence of ischemic strokes is boosting the demand for cerebral thrombectomy systems.
- The rising demand for a minimally invasive approach is increasing the market growth of cerebral thrombectomy systems.
Restraints:
- The high cost associated with cerebral thrombectomy systems is likely to hinder market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Product Type | Enveloping Coils, Rheolytic Devices, Laser-based Devices, Suction Devices, Catheters with Balloons, Snares, and Others |
| By End-User | Hospitals, Clinics, Ambulatory Centers, Academic Research Centers, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Penumbra, Inc., Terumo Medical Corporation, and Stryker have a strong market position in current market circumstances. Further, the cerebral thrombectomy systems market is expected to witness significant growth in the coming years due to the rising development of the healthcare industry. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Penumbra, Inc.
- Terumo Medical Corporation
- Medical Devices Business Services, Inc. (Johnson & Johnson)
- Stryker
- Abbott
- Boston Scientific Corporation
- Medtronic
- Teleflex Incorporated
- Cardiovascular Systems, Inc.
- Angio Dynamics