Global Blood Clot Retrieval Devices Market 2017-2021
About Blood Clot Retrieval Devices
The blood clot retrieval devices are used for endovascular revascularization, which is caused due to stroke. The clot retrieval process is performed within eight hours of the onset of stroke symptoms; the whole process of blood clot retrieval takes about two hours. Due to technological advances, the combination of intra-arterial thrombolysis and ultrasound are used to disrupt the clot and treat the individual with any ischemic stroke.
Technavio’s analysts forecast the global blood clot retrieval devices market to grow at a CAGR of 6.58% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global blood clot retrieval devices market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales, volume, and value of blood clot retrieval devices.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Blood Clot Retrieval Devices Market 2017-2021
Technavio recognizes the following companies as the key players in the global blood clot retrieval devices market: Argon Medical Devices, Boston Scientific, and Medtronic.
Other Prominent Vendors in the market are: Abbott, Acandis, AngioDynamics, B. Braun, Biosensors International, Biotronik, CONMED, Cordis, EKOS, ENDOCOR, ENDO-FLEX, JOTEC, Meril Life Sciences, Neuravi, NexGen Medical Systems, OrbusNeich, perflow, Rontis, STENTYS, Stryker, and Teleflex.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is strategic acquisition of business segments. The most common scenario witnessed in the medical device sector is the acquisition of the company and business segments to facilitate the expansion of the product line. The market giants acquire the business segments of the smaller companies, which helps them with the increased sales and higher revenue generation. The neuro and peripheral vascular markets have been witnessing the same over the period of time. The market leaders in the business are acquiring the business segments and pose a threat to the new entrants in the market.”
According to the report, one of the major drivers for this market is increasing market entrants by launching new products. The medical device market is one of the rapidly growing markets across the globe. The market is fragmented due to the presence of numerous manufacturers providing blood clot retrieval devices. Hence, the inflow of new product launches in the market is the constant phenomenon. The new technologies and upgradation of devices are the two factors which drive the market. The interventional market has been one of the lucrative markets from the technological perspective. The peripheral vascular market is considered as one of the fastest growing markets with the increase in the incidence of cardiovascular diseases. The devices are being improvised by the existing market players to hold a stand in the competitive market.
Further, the report states that one of the major factors hindering the growth of this market is unfavorable results of futile recanalization procedures. Due to a rise in the vascular diseases globally, the adoption of the blood clot retrieval devices has also increased, but the unfavorable outcomes of the procedures are considered as one of the constraints for the growth of the market. Moreover, most patients are ignorant about the causes and symptoms of the diseases. Failure to diagnose the disease during its initial stages prevents patients from opting for peripheral vascular treatments.
Argon Medical Devices, Boston Scientific, Medtronic, Abbott, Acandis, AngioDynamics, B. Braun, Biosensors International, Biotronik, CONMED, Cordis, EKOS, ENDOCOR, ENDO-FLEX, JOTEC, Meril Life Sciences, Neuravi, NexGen Medical Systems, OrbusNeich, perflow, Rontis, STENTYS, Stryker, and Teleflex.
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