The Neurocoagulation Devices Market is expected to reach US$ 1,227 Million by 2030, registering a CAGR of 6.3%, driven by the increasing incidence of stroke

Acumen Research and Consulting recently published a report titled “Neurovascular Ablation Devices Market Forecast and Region, 2022 – 2030”

LOS ANGELES, Jan. 16, 2023 (Globe Newswire) — World Neurocoagulation Devices Market The volume reached US$ 730 million in 2021 and is expected to achieve a market size of US$ 1,227 million by 2030 at a CAGR of 6.3% from 2022 to 2030

Thrombophlebectomy Devices market statistics

• Global Thrombectomy Devices Market Revenue reached USD 730 Million in 2021, at a CAGR of 6.3% between 2022 and 2030

• Europe’s Neurophlebectomy Devices market share amassed over 32.2% in 2021

• By product, clot recovery segment accounted for more than 58% of the total market share in 2021

• Medtronic is a leading manufacturer of neurophlebectomy devices, offering a wide range of stroke treatment tools such as the Solitaire stent Retever, Trevo ProVue device and Trevo XP

• Increasing adoption of minimally invasive therapy is fueling the market value of neurocoagulation devices

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Vascular Venous Ablation Devices Market Report Coverage:

Thrombophlebectomy Devices market overview

Neurocoagulant ablation devices enable patients to avoid or limit the use of pharmacological thrombolysis, thereby reducing the risk of intracerebral hemorrhage (ICH). These can be used outside of the time restrictions imposed by rtPA. These drugs may lead to recanalization faster than thrombolytic drugs, as well as fibrinolytic thrombolytic therapy alternatives. The increasing number of strokes worldwide is increasing the need for neural thrombectomy equipment in the healthcare industry. For example, the World Health Organization (WHO) estimates that 15.2 million people died from strokes worldwide in 2016. Increased knowledge of the benefits and applications of these technologies is also contributing to their expansion.

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Neurocoagulation devices market trends

The Neurophlebectomy Devices Market is a rapidly growing industry in the medical device industry, driven by various aspects such as increasing incidence of stroke, population aging, and technological improvements. Population aging is a major driver of the neurocoagulation device industry. As people get older, their chance of having a stroke increases, and they are more likely to have severe strokes that require procedures such as thrombectomy. This trend from generation to generation leads to an increase in the demand for neurocoagulation devices.

Rising incidence of stroke is another important driver of the neuroleptic lung ablation devices market. Stroke is the second leading cause of death in the world and a leading cause of disability, according to the World Health Organization (WHO). As the incidence of stroke continues to increase, so does the demand for neuroleptic ablation devices. The increasing use of minimally invasive procedures is also driving an expansion of the market. Minimally invasive procedures offer various advantages over standard open surgery, including faster recovery times, less pain, and less potential for problems.

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Thrombophlebectomy devices market segmentation

The global thrombophlebectomy devices market has been segmented by Acumen Research and Consulting on the basis of product and end use.

• Based on product, the market is segmented into clot retrieval devices, aspiration/suction devices, as well as vascular decoys. According to the forecasts of the neurophlebectomy devices market, the aspiration/suction device category is expected to develop significantly in the next few years.

• Based on the end user, the market is categorized into emergency clinics, research institutes, hospitals, laboratories as well as ambulatory surgical centres. According to the analysis, the global market is dominated by the hospital segment. The increasing number of hospitals, particularly in developing countries around the world, is boosting the segmental market value. Patients’ willingness to receive treatment for brain disorders in hospitals due to the presence of trained professionals and appropriate technical assistance in terms of equipment also adds to the segment’s market value.

Overview of the Neurophlebectomy Devices Market

On the basis of region, the worldwide Neurophlebectomy Devices market is segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. According to the Neurophlebectomy Devices industry analysis, Europe is expected to occupy the majority of the market throughout the forecast period. The presence of major companies in the region greatly supports the growth of the market in the region, as companies are constantly trying to increase their market share. Major companies’ continuous investment in R&D to create new and better products that can eliminate limitations or give more relevant attributes is also expected to boost the growth of the regional market.

Besides, the Asia Pacific region is expected to grow over the forecast period. The region’s fast-growing economies, especially China and India, are boosting regional market value. The economic expansion of the medical infrastructure in the region also contributed to its growth. The value of the regional market is increasing as a result of positive government support and changing customer lifestyles.

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Neurocoagulation Devices Market

Some of the prominent companies in the neural thrombolysis device market are Medtronic, Edwards Lifesciences Corporation, Abbott, Boston Scientific Corporation, Phenox GmbH, Stryker Corporation, Vesalio, and Penumbra Inc. and Acandis GmbH. To strengthen its position in the thrombectomy device business, these companies have announced mergers and acquisitions, partnerships, partnerships and new product development. Big companies are also expanding into new markets using modern technology in order to gain a competitive advantage in the near future.

Some of the key strategies related to the Neurophlebectomy Devices industry include:

• In 2019, Medtronic plc launched the 4th generation Solitaire X revascularization machine to the market. This device is intended for use in the treatment of acute ischemic stroke (AIS).

• In 2019, Vesalio revealed that it had obtained a second CE mark license covering many of NeVa’s design concepts and technologies for nerve thrombectomy. The new generation of NeVa tool improves on Drop Zone and Smart Marker innovations while introducing first-to-market features such as the Remote Filter.

• Ceretrieve, which has developed a unique thromboembolic device with integrated anastomotic protection for complete clot retrieval, has been awarded $1.5 million to enhance clinical outcomes in stroke patients with a next-generation suction catheter. In January 2021, Amir Bilson, Managing Director, will join the company as President.

• Stryker presented the Sonopet iQ Ultrasonic Aspirator System at the American Association of Neurological Surgeons Annual Meeting in San Diego. This technology aims to improve accuracy while increasing speed and power for greater ease of use.

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