Global Neurovascular Thrombectomy Devices Market, By Product Type (Stent Retriever, Aspiration Catheter), End User (Hospitals, Neuro-Catheterization Labs, Specialized Neurosurgery Centers), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Neurovascular Thrombectomy Devices Market
The neurovascular thrombectomy devices market is expected to witness market growth at a rate of 6.60% in the forecast period of 2021 to 2028. Data Bridge Market Research report on neurovascular thrombectomy devices market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid advancements in the healthcare sector globally is escalating the growth of neurovascular thrombectomy devices market.
Thrombectomy refers to a surgical procedure for removing the blood clots formed in the blood vessel of the brain. Neurovascular thrombectomy devices, also called cerebral thrombectomy devices that are widely utilized for retrieving or destroying blood clots in the cerebral region.
The increase in the relevance of ischemic stroke across the globe acts as one of the major factors driving the growth of neurovascular thrombectomy devices market. The high focus on the procedure owning to the availability of a large pool of clinical data demonstrating the efficacy of mechanical thrombectomy devices, and favorable reimbursement scenario accelerate the market growth. The rise in initiatives taken by the government and non-profit organizations to spread awareness regarding ischemic stokes and their preventive measures, and increase in demand for minimally invasive neurosurgical procedures further influence the market. Additionally, increase in number of hospitals, rise in population, impressive reimbursement policies and expansion of healthcare infrastructure positively affects the neurovascular thrombectomy devices market. Furthermore, product launches and commercialization, and increase in the number of research activities in the field of neurovascular therapies extend profitable opportunity to the market players in the forecast period of 2021 to 2028.
- On the other hand, high procedural cost and presence of stringent regulations are expected to obstruct the market growth. The limited patient awareness related to thrombectomy and lack of trained healthcare professionals are projected to challenge the neurovascular thrombectomy devices market in the forecast period of 2021-2028.
This neurovascular thrombectomy devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on neurovascular thrombectomy devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Neurovascular Thrombectomy Devices Market Scope and Market Size
The neurovascular thrombectomy devices market is segmented on the basis of product type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the neurovascular thrombectomy devices market is segmented into stent retriever and aspiration catheter.
- On the basis of end user, the neurovascular thrombectomy devices market is segmented into hospitals, neuro-catheterization labs, and specialized neurosurgery centers.
Neurovascular Thrombectomy Devices Market Country Level Analysis
The neurovascular thrombectomy devices market is analyzed and market size insights and trends are provided by country, product type and end user as referenced above.
The countries covered in the neurovascular thrombectomy devices market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the neurovascular thrombectomy devices market because of the growing target patient population for neurovascular diseases within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 due to the growth in awareness regarding the technology in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The neurovascular thrombectomy devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for neurovascular thrombectomy devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the neurovascular thrombectomy devices market. The data is available for historic period 2010-2019.
Competitive Landscape and Neurovascular Thrombectomy Devices Market Share Analysis
The neurovascular thrombectomy devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to neurovascular thrombectomy devices market.
The major players covered in the neurovascular thrombectomy devices market report are Medtronic, Acandis GmbH, Boston Scientific Corporation, Abbott, Terumo Corporation, W.L. Gore & Associatess, Inc., Vesalio, LLC, Teleflex Incorporated, Edwards Lifesciences Corporation, ARGON MEDICAL, Koninklijke Philips N.V., Microport Scientific Corporation, Penumbra, Inc., Johnson & Johnson Services, Inc., Stryker, and Phenox GmbH, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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