Thrombectomy Devices Market (By Product Type: Ultrasound-assisted Thrombectomy Devices, Rotational Thrombectomy Devices, Aspiration Thrombectomy Devices, Mechanical/Fragmentation Thrombectomy Devices, Clot Extraction Catheter, Stent Retrievers, Microcatheters: Others: By Application Type: Peripheral Thrombectomy, Neurovascular Thrombectomy, Cardiovascular Thrombectomy; By End-use Type) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033
The global thrombectomy devices market size was valued at USD 1.52 billion in 2023 and is anticipated to reach around USD 3.09 billion by 2033, growing at a CAGR of 7.33% from 2024 to 2033. Thrombectomy devices are helpful for the treatment of diseases that are related to blood clotting like cardiovascular diseases, and blood clots in the heart, brain, and others. These factors help to the growth of the market.
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The U.S. thrombectomy devices market size was estimated at USD 410 million in 2023 and is predicted to be worth around USD 850 million by 2033, at a CAGR of 7.56% from 2024 to 2033.
North America dominated the thrombectomy devices market in 2023. The number of benefits of thrombectomy devices helps to increase the use of thrombectomy devices in the North American region. The increasing senior population, which leads to many chronic conditions, life-threatening conditions, cardiovascular diseases, and other diseases that are related to blood clotting, helps the growth of the market. The United States is the leading region for the growth of the market. Increasing deaths due to strokes are the main reason for the rising awareness about the use of advanced technologies in the United States. In Canada, to remove emboli in the lungs from pulmonary embolism disease, the heart from coronary ischemia disease, and in the brain from stroke disease, mechanical thrombectomy is used. These are the factors that help the growth of the market in the North American region.
Asia Pacific is estimated to be the fastest-growing during the forecast period of 2024-2033. In the Asia Pacific region, a new approach towards mechanical thrombectomy devices using Medtronic or solitaire devices are effective and safe for the treatment of acute ischemic stroke. The increasing patient population, rising government support in developing countries, and rising mechanical thrombectomy products contribute to the growth of the market. India and China are the leading countries for the growth of the thrombectomy devices market.
The Asia Pacific thrombectomy devices market size was calculated at USD 380 million in 2023 and is projected to expand around USD 790 million by 2033, poised to grow at a CAGR of 7.59% from 2024 to 2033.
Year | Market Size (USD Million) |
2023 | 380 |
2024 | 410 |
2025 | 440 |
2026 | 470 |
2027 | 510 |
2028 | 540 |
2029 | 580 |
2030 | 630 |
2031 | 670 |
2032 | 720 |
2033 | 790 |
The thrombectomy devices market deals with the medical device industry, which is used in the healthcare sector and designed to remove blood clots from blood vessels. A blood clot is also called a thrombus, which may interrupt the flow of blood to your organs or extremities and may be life-threatening. Common places where blood clots occur are the heart, lungs, brain, intestines, arms, and legs. To remove these blood clots, thrombectomy devices are used in veins or arteries to help restore the flow of blood through the blood vessels. These thrombectomy devices are helpful in preventing life-threatening conditions from occurring. The thrombectomy devices may limit the loss and bodily functions by restoring blood flow as fast as possible. The thrombectomy devices reduce and remove long-term disability for those who suffer severe strokes and may help to treat blood clots.
Report Coverage | Details |
Growth Rate from 2024 to 2033 | CAGR of 7.33% |
Thrombectomy Devices Market Size in 2023 | USD 1.52 Billion |
Thrombectomy Devices Market Size in 2024 | USD 1.64 Billion |
Thrombectomy Devices Market Size by 2033 | USD 3.09 Billion |
Largest Market | North America |
Base Year | 2023 |
Forecast Period | 2024 to 2033 |
Segments Covered | By Product, By Application, and By End-use |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Driver: Rising cardiovascular diseases
Rising cardiovascular diseases have led to the growth of the thrombectomy devices market. In pulmonary embolism, blood clots travel in the lungs; symptoms include coughing, chest pain, and shortness of breath. In coronary thrombosis, a blood clot occurs in the heart, and the symptoms include sweating, trouble breathing, and severe pain in the arm and chest. Blood clots may occur in veins or arteries, which leads to cardiovascular diseases like strokes and heart attacks. The rising senior population is also the reason for increasing cardiovascular diseases, which leads to the growth of the market. These diseases led to increasing demand for thrombectomy procedures. These factors help to the growth of the market.
Restraint: Risks of thrombectomy devices
The high cost of thrombectomy devices may be a restraint to the growth of the market, mainly in developing regions. The lack of skilled professionals who can use advanced thrombectomy devices, which require specialized expertise and training, leads to a decrease in the use of thrombectomy devices. Thrombectomy devices have some risks, including the reoccurrence of blood clots, reaction to anesthesia, pulmonary embolism in which blood clot travels to lungs, infection, severe bruises or hematomas, bleeding, and blood vessel narrowing or stenosis or damage. Disadvantages of mechanical thrombectomy devices include technical difficulty, distal embolization, trauma to vessels, and limited access to well-trained neuro interventional. At the thrombectomy site, stenosis, vessel dissection, or perforation may occur. These factors decrease the growth of the thrombectomy devices market.
Opportunity: Advanced technologies
The rising prevalence of cardiovascular diseases and thrombotic conditions requires advanced thrombotic devices for treatment. Increasing risks of obesity, diabetes, hypertension, and changing lifestyles contribute to the growth of vascular diseases, which leads to the growth of the market. Technological advancements in thrombectomy devices include reduced treatment time, improved procedural outcomes, improved imaging mobilities, enhanced navigation capabilities, and retrievable stent systems. These are the advantages of the advanced technologies that are applied in thrombectomy devices, which help to grow the thrombectomy devices market.
The mechanical/fragmentation thrombectomy devices segment dominated the market in 2023. The mechanical/fragmentation thrombectomy device is an endovascular system or technique that helps reduce blood clots after an ischemic stroke from the brain. In these types of devices, an array of devices is used, such as aspiration pumps, aspiration catheters, microcatheters, stent retrievers, and guide catheters. Large bore catheters help suction out thrombus by using a negative pressure aspiration. According to European and American guidelines, a mechanical thrombectomy device is recommended for patients who have an ASPECTS (Alberta Stroke Program Early CT Score) of 6 or higher. Mechanical/fragmentation thrombectomy devices are helpful in efficient patient care, decreased complications, improved symptom relief, shorter treatment times, smaller doses of thrombolytic agents, and faster thrombus removal. These factors help to grow the mechanical/fragmentation thrombectomy devices segment and contribute to the growth of the thrombectomy devices market.
The cardiovascular thrombectomy segment dominated the market in 2023. The increasing number of cardiovascular conditions leads to the use of thrombectomy devices. These thrombectomy devices are highly used in the healthcare sector for cardiovascular disease treatment. In these cardiovascular diseases, thrombectomy devices are used to remove blood clots that are trapped in arteries and veins. Cardiovascular diseases include strokes, which may caused by blood clots occurring in the brain.
Arterial thrombosis which occurs in blood clots in the arteries. It is dangerous as it may stop or obstruct the flow of blood to the major organs. Pulmonary embolism occurs when blood clots travel in the lungs; symptoms include coughing, chest pain, and shortness of breath. Coronary thrombosis forms blood clots in the heart, and symptoms include sweetening trouble breathing, and severe pain in the arm and chest. In these cardiovascular diseases, thrombectomy devices are useful for treatment. These cardiovascular diseases lead to the growth of the thrombectomy devices market.
The peripheral thrombectomy segment is the fastest growing during the forecast period. Peripheral thrombectomy is the non-surgical removal of emboli and thrombi from the blood vessels. Peripheral thrombectomy diseases are treated by the use of thrombectomy devices, which provide flexibility and power to improve symptoms, restore blood flow quickly, and remove thromboses easily and quickly. Peripheral venous thrombosis and peripheral arterial thrombosis can be removed using thrombectomy devices. To restore the most challenging of DVT cases and to reduce venous thrombus. These are the factors that help the growth of the thrombectomy devices market.
The hospitals segment dominated the thrombectomy devices market in 2023. Thrombectomy devices are used in hospitals. Most hospitals use thrombectomy devices, which are useful in the treatment of severe stroke. Surgical thrombectomy is a surgery type used to reduce blood clots from a vein or arteries. Different types of thrombectomy devices are helpful in hospital surgical centers for the treatment of various cardiovascular and other diseases that cause blood clotting.
Mechanical thrombectomy devices are an endovascular technique used to remove blood clots after ischemic stroke from the brain. These thrombectomy devices help reduce the length of hospitalization, enhance patient outcomes, reduce the costs of thrombectomy, and give life-saving services to patients. These are the benefits of thrombectomy devices that are useful in hospitals and ambulatory surgical centers. These factors help the growth of the segment and contribute to the growth of the market.
Segments Covered in the Report
By Product Type
By Application
By End-use
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Thrombectomy Devices Market
5.1. COVID-19 Landscape: Thrombectomy Devices Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Thrombectomy Devices Market, By Product Type
8.1. Thrombectomy Devices Market Revenue and Volume, by Product Type, 2024-2033
8.1.1 Ultrasound-assisted Thrombectomy Devices
8.1.1.1. Market Revenue and Volume Forecast (2021-2033)
8.1.2. Rotational Thrombectomy Devices
8.1.2.1. Market Revenue and Volume Forecast (2021-2033)
8.1.3. Aspiration Thrombectomy Devices
8.1.3.1. Market Revenue and Volume Forecast (2021-2033)
8.1.4. Mechanical/Fragmentation Thrombectomy Devices
8.1.4.1. Market Revenue and Volume Forecast (2021-2033)
8.1.5. Clot Extraction Catheter
8.1.5.1. Market Revenue and Volume Forecast (2021-2033)
8.1.6. Stent Retrievers
8.1.6.1. Market Revenue and Volume Forecast (2021-2033)
8.1.7. Microcatheters
8.1.7.1. Market Revenue and Volume Forecast (2021-2033)
8.1.8. Others
8.1.8.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 9. Global Thrombectomy Devices Market, By Application
9.1. Thrombectomy Devices Market Revenue and Volume, by Application, 2024-2033
9.1.1. Peripheral Thrombectomy
9.1.1.1. Market Revenue and Volume Forecast (2021-2033)
9.1.2. Neurovascular Thrombectomy
9.1.2.1. Market Revenue and Volume Forecast (2021-2033)
9.1.3. Cardiovascular Thrombectomy
9.1.3.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 10. Global Thrombectomy Devices Market, By End-use
10.1. Thrombectomy Devices Market Revenue and Volume, by End-use, 2024-2033
10.1.1. Hospitals
10.1.1.1. Market Revenue and Volume Forecast (2021-2033)
10.1.2. Ambulatory Surgical Centers
10.1.2.1. Market Revenue and Volume Forecast (2021-2033)
10.1.3. Others
10.1.3.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 11. Global Thrombectomy Devices Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.1.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.1.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.1.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.1.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.1.5.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.1.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.2.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.2.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.2.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.2.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.2.5.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.2.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.2.6.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.2.6.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.2.7.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.2.7.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.3.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.3.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.3.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.3.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.3.5.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.3.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.3.6.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.3.6.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.3.7.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.3.7.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.4.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.4.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.4.5.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.4.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.4.6.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.4.6.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.4.7.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.4.7.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.5.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.5.4.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.5.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.5.5.2. Market Revenue and Volume Forecast, by Application (2021-2033)
11.5.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
Chapter 12. Company Profiles
12.1. Abbott Laboratories
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Acandis GmbH
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Angio Dynamics
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Boston Scientific Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Cook Medical
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Edwards Lifesciences Corporation
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Johnsen & Johnsen Services Inc.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Koninklijke Philips NV
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Lemaitre Vascular Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Medtronic Plc.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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