Global Neurothrombectomy Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product;
Clot Retrievers, Aspiration/ Suction Devices, and Vascular Snares.By End-Use;
Hospital, Emergency Clinics, and Ambulatory Surgical Centers.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Neurothrombectomy Devices Market (USD Million), 2021 - 2031
In the year 2024, the Global Neurothrombectomy Devices Market was valued at USD 761.03 million. The size of this market is expected to increase to USD 1,159.50 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.
The outbreak of COVID-19 had a notable impact on the neurothrombectomy devices market, primarily due to reduced hospital visits and healthcare service utilization stemming from global social distancing measures. The pandemic disrupted general hospital care for non-COVID-19 patients worldwide, affecting both production and demand for neurothrombectomy devices and creating disruptions in the supply chain. Moreover, financial strains were imposed on companies due to decreased revenue streams amidst the pandemic's economic impact.
Furthermore, the COVID-19 outbreak hindered scientific progress, as researchers and biologists faced challenges in conducting lab work and progressing with clinical trials. This delay in research has postponed the development and introduction of new therapies, impacting the advancement of treatments in the field.
Despite these challenges, the neurothrombectomy devices market is expected to witness positive growth during the forecast period, driven by factors such as the high prevalence of acute ischemic strokes, particularly among the geriatric population. Ischemic strokes, which result from reduced blood supply to the brain, are more prevalent in women, especially those aged 55 years and above. These demographic trends, coupled with increasing awareness and advancements in stroke management, are anticipated to contribute to the market's growth in the coming years.
Global Neurothrombectomy Devices Market Recent Developments
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In March 2021, Penumbra Inc. announced the availability of a thrombus removal device (Indigo System Lightning 7) in the United States.
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In September 2020, Vesalio expanded its business by increasing some additional distribution channels in Europe, South America, the Middle East, and Asia. This may increase its market coverage in 53 countries.
Segment Analysis
In this report, the Global Neurothrombectomy Devices Market has undergone segmentation based on Product, End-Use, and Geography. The segmentation by Product encompasses various neurothrombectomy devices used in the removal of blood clots from the brain arteries, including stent retrievers, aspiration devices, and others. Each product category serves a specific purpose in the treatment of acute ischemic stroke, offering neurosurgeons and interventionalists a range of tools to address different patient needs and clinical scenarios.
End-Use segmentation includes hospitals, ambulatory surgical centers, and specialty clinics where neurothrombectomy procedures are performed. Hospitals serve as primary facilities for stroke management, equipped with specialized neurointerventional suites and trained medical personnel to deliver timely and comprehensive care to stroke patients. Ambulatory surgical centers and specialty clinics also play important roles in providing neurothrombectomy services, offering more convenient and focused care options for patients in certain settings. Geographical segmentation further provides insights into regional variations in market dynamics, regulatory frameworks, and healthcare infrastructure, aiding stakeholders in strategic decision-making and market expansion efforts.
Global Neurothrombectomy Devices Segment Analysis
In this report, the Global Neurothrombectomy Devices Market has been segmented by Product, End-Use, and Geography.
Global Neurothrombectomy Devices Market, Segmentation by Product
The Global Neurothrombectomy Devices Market has been segmented by Product into Clot Retrievers, Aspiration/ Suction Devices, and Vascular Snares.
Clot Retrievers are specialized tools designed to physically remove blood clots from the brain arteries, often using stent retrievers or similar devices that can capture and extract clots with precision. Aspiration/Suction Devices utilize suction to aspirate or remove blood clots from the affected area, providing an alternative method for clot removal. Vascular Snares are used to snare and retrieve clots from blood vessels, offering another approach to thrombectomy procedures. This segmentation reflects the diverse range of devices available for neurothrombectomy procedures, each serving distinct functions and catering to different patient needs and clinical scenarios.
Global Neurothrombectomy Devices Market, Segmentation by End-Use
The Global Neurothrombectomy Devices Market has been segmented by End-Use into Hospital, Emergency Clinics, and Ambulatory Surgical Centers.
Hospitals serve as the primary end-users for neurothrombectomy devices, offering comprehensive stroke care and specialized neurointerventional services. Equipped with advanced imaging technologies and neurointerventional suites, hospitals provide a conducive environment for performing thrombectomy procedures promptly and effectively, crucial for optimizing patient outcomes.
Emergency Clinics also play a vital role in the neurothrombectomy market, especially in providing initial evaluation and acute management of stroke patients. These clinics serve as the first point of contact for individuals experiencing stroke symptoms, where timely assessment and referral for thrombectomy procedures can significantly impact patient survival and recovery.
Ambulatory Surgical Centers contribute to the neurothrombectomy market by offering outpatient neurointerventional services in a more convenient and cost-effective setting. These centers provide a focused and efficient approach to thrombectomy procedures, catering to patients who may not require hospitalization or prefer the convenience of outpatient care.
The segmentation by End-Use reflects the diverse settings where neurothrombectomy procedures are performed, highlighting the importance of accessibility, efficiency, and timely intervention in stroke management across different healthcare facilities.
Global Neurothrombectomy Devices Market, Segmentation by Geography
In this report, the Global Neurothrombectomy Devices Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Neurothrombectomy Devices Market Share (%), by Geographical Region, 2024
North America and Europe are expected to dominate the market due to the presence of well-established healthcare systems, high adoption rates of advanced medical technologies, and significant investments in stroke care and neurointerventional services. These regions also benefit from extensive research and development activities, leading to the introduction of innovative neurothrombectomy devices and techniques.
The Asia Pacific region is anticipated to witness rapid growth in the neurothrombectomy devices market, driven by the rising prevalence of stroke and increasing healthcare expenditure in countries like China, India, and Japan. Moreover, improving awareness about stroke symptoms and the availability of specialized stroke centers are expected to boost the demand for neurothrombectomy procedures in this region.
In contrast, the Middle East and Africa, as well as Latin America, are projected to experience moderate growth in the neurothrombectomy devices market. Factors such as improving access to healthcare services, growing investments in healthcare infrastructure, and rising awareness about stroke management are likely to contribute to market expansion in these regions. However, challenges related to healthcare accessibility and affordability may hinder growth to some extent.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Neurothrombectomy Devices Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers :
- Rising Incidence of Stroke
- Increased Awareness and Improved Diagnosis
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Focus on Improved Stroke Outcomes - The Global Neurothrombectomy Devices Market is increasingly focused on improving stroke outcomes through the development and adoption of advanced thrombectomy devices. With stroke being a leading cause of disability and mortality worldwide, there is a growing emphasis on enhancing treatment strategies to minimize neurological damage and improve patient recovery.
Neurothrombectomy devices play a critical role in achieving this goal by enabling the rapid and effective removal of blood clots from occluded brain arteries, restoring blood flow to ischemic brain tissue. These devices, including clot retrievers, aspiration/suction devices, and vascular snares, are designed to optimize clot removal while minimizing the risk of complications.
By providing neurointerventionalists with innovative tools and techniques, the neurothrombectomy market aims to enhance procedural success rates, reduce treatment times, and improve functional outcomes for stroke patients. This focus on improved stroke outcomes is driving ongoing research and development efforts to further innovate neurothrombectomy devices and techniques, ultimately transforming stroke care and improving patient quality of life.
Restraints :
- High Cost of Devices
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Strict Regulations - The Global Neurothrombectomy Devices Market faces strict regulatory oversight due to the critical nature of the procedures involved and the potential risks associated with neurointerventional devices. Regulatory agencies such as the FDA in the United States and the European Medicines Agency (EMA) in Europe closely monitor the safety, efficacy, and quality of neurothrombectomy devices to ensure patient safety and public health.
These regulatory bodies require thorough testing, clinical trials, and rigorous documentation of device performance and safety profiles before granting approvals for market entry. Manufacturers must adhere to stringent regulatory standards and guidelines throughout the development, manufacturing, and commercialization processes to obtain regulatory clearance or approval for their neurothrombectomy devices.
As post-market surveillance and reporting requirements mandate continuous monitoring of device performance and adverse events, with manufacturers required to promptly report any issues or concerns to regulatory authorities. Compliance with regulatory requirements is essential for market access and maintaining consumer confidence in the safety and effectiveness of neurothrombectomy devices. As a result, navigating regulatory pathways and ensuring compliance with evolving regulatory standards pose significant challenges for manufacturers operating in the global neurothrombectomy devices market.
Opportunities :
- Technological Advancements
- Emerging Markets
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Focus on Reimbursement - The Global Neurothrombectomy Devices Market is increasingly focusing on reimbursement considerations as a key factor influencing market dynamics. Reimbursement policies and coverage play a critical role in determining the adoption and utilization of neurothrombectomy devices, as they directly impact the accessibility and affordability of these treatments for patients and healthcare providers.
Healthcare reimbursement policies vary significantly across regions and healthcare systems, influencing the uptake of neurothrombectomy procedures and devices. In many countries, the availability of adequate reimbursement for thrombectomy procedures is essential for hospitals and healthcare facilities to offer these treatments routinely. Reimbursement policies also affect the financial viability of device manufacturers, as favorable reimbursement can drive market demand and incentivize innovation in neurothrombectomy technologies.
Given the life-saving potential of neurothrombectomy procedures in treating acute ischemic stroke, efforts to improve reimbursement coverage and ensure equitable access to these interventions are paramount. Manufacturers, healthcare providers, policymakers, and advocacy groups are actively engaged in advocating for expanded reimbursement coverage for neurothrombectomy devices, aiming to address barriers to access and improve patient outcomes on a global scale. As reimbursement policies continue to evolve, they will remain a focal point for stakeholders in the neurothrombectomy devices market, shaping market growth strategies and investment decisions.
Competitive Landscape Analysis
Key players in Global Neurothrombectomy Devices Market include,
- Medtronic
- Acandis Gmbh
- Stryker Corporation
- Phenox Gmbh
- Penumbra
- Vesalio
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By End-Use
- Market Snapshot, By Region
- Global Neurothrombectomy Devices Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising Incidence of Stroke
- Increased Awareness and Improved Diagnosis
- Focus on Improved Stroke Outcomes
- Restraints
- High Cost of Devices
- Strict Regulations
- Opportunities
- Technological Advancements
- Emerging Markets
- Focus on Reimbursement
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Neurothrombectomy Devices Market, By Product, 2021 - 2031 (USD Million)
- Clot Retrievers
- Aspiration/ Suction Devices
- Vascular Snares
- Global Neurothrombectomy Devices Market, By End-Use, 2021 - 2031 (USD Million)
- Hospital
- Emergency Clinics
- Ambulatory Surgical Centers
- Global Neurothrombectomy Devices Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Neurothrombectomy Devices Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Medtronic
- Acandis Gmbh
- Stryker Corporation
- Phenox Gmbh
- Penumbra, Inc
- Vesalio
- Company Profiles
- Analyst Views
- Future Outlook of the Market