Blood Clot Retrieval Devices Market Size, Trends and Insights By Stroke Type (Ischemic Stroke (blood clot), Hemorrhagic Stroke (rupturing of arteries), Transient Ischemic Attack), By Device Type (Mechanical Embolus Removal Devices, Penumbra Blood Clot Retrieval Devices, Stent Retrievers, Ultrasound Assisted Devices), By End Use (Hospitals, Diagnostic Centers, Clinics, Ambulatory Surgical Centers), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
Study Period: | 2024-2033 |
Fastest Growing Market: | Asia-Pacific |
Largest Market: | Europe |
Major Players
- AngioDynamics
- Terumo Co.
- Johnson and Johnson
- ECKOS Co.
- Others
Reports Description
According to Custom Market Insights (CMI), The Global Blood Clot Retrieval Devices Market presented a growth of USD 1.6 billion in 2021 and is expected to reach USD $2.02 billion in 2022 and expected to reach USD 4.5 billion by 2030 and grow at a compound annual growth rate of 15.9 % during the forecast period till the year 2030.
Blood clot retrieval devices, also known as thrombectomy devices, help remove blood clots by opening the blood vessels. Blood clot retrieval devices are extremely useful in case of blood clots in the brain. Poor blood supply to the brain cells could lead to it, but the blood clot could be removed with the use of thrombectomy devices. Growing awareness regarding these devices’ availability and efficiency and reliability is expected to drive the market during the forecast period.
Blood clot retrieval devices lower the risk of paralysis or brain damage. The patient suffering may be paralyzed and there may be an inability to move. The patient may suffer from speech-related problems and, at times, vision impairment or loss of vision due to this kind of stroke. Almost all industries were affected due to the COVID-19 pandemic.
The process of elective surgeries by the healthcare system has slowed the market for nonessential surgical procedures. They were lined as necessary to avoid the risk of cross-infection among the patients and the healthcare workers. Significant government interventions in developing and developed nations are expected to change the demand and supply chain.
Strict lockdowns imposed by the government of various nations hampered the transport facility of the respective regions, which led to a shortage of raw materials. This affected the demand and supply chain to a great extent as a result of the disrupted production activities. It is expected that there shall be changes in consumer behavior regarding these noninvasive surgeries to avoid future complications and promote easy healing of post-operative wounds. Hence reduction in the post-operative side effects will boost the market.
Growth Factors
The increasing geriatric population across all the developed and developing nations is expected to drive the market. On average, about 8 Lac patients suffer from strokes worldwide, and this number is driving the market growth. The technology development, funded by various public and private institutions, is expected to drive market growth.
Rapid urbanization and rapid industrialization are also expected to drive market growth. An increasingly unhealthy lifestyle of people due to long working hours, which do not provide much movement, is expected to drive the market’s growth. The increasing geriatric population is increasing the prevalence of stroke in elder patients, fueling the growth of the blood clot retrieval devices market.
Blood clot retrieval devices are of great use in patients under treatments that have proven to be inefficient for treating blood clots. Due to an increase in the advancements in technology and the launching of new products, the market is expected to grow. Increasing regulatory approval for these devices, which meet all the rules and regulations, will also propel the market’s growth.
The availability of advanced healthcare infrastructure and favorable reimbursement policies in the North American region is driving the growth of the blood clot retrieval devices market. An increase in the disposable income of people in developing nations is also driving the market’s growth. Increased disposable income has led to an increase in the amount of money spent on medical facilities. There is a growing preference for image-guided surgeries by surgeons, so the market is expected to grow well during the forecast period.
Segmental insights
Blood clot retrieval devices market segment based on the type of stroke
Depending upon the type of stroke, the ischemic stroke segment has dominated the global market for blood clot retrieval devices in recent years. The ischemic stroke segment will dominate the market in the coming years. About 85% of the strokes across the globe are ischemic, and the rest are the other type. The lack of blood supply is the feature of ischemic stroke, which is caused due to blood clots and may lead to loss of vision and paralysis.
The use of blood clot retrieval devices helps reduce the disability in patients after a stroke. For guiding the catheter placement, advanced instruments are used, and they are also used for the removal of blood clots. The use of images and clinical results are helping the same. Continuous research on providing advanced blood clot retrieval devices, which will help improve the quality of performance of these devices, is expected to drive the market during the forecast period. There is a disruption in the functioning of the brain due to this type of stroke. In the case of a hemorrhagic brain stroke, the arteries are ruptured, and there is no blood supply, which may lead to death.
The functioning of the body may stop. The hemorrhagic segment is also expected to grow well during the forecast period.
The blood clot retrieval devices market segment is based on the Device Used.
Based on the devices used, the Mechanical Embolus Removal devices segment is expected to dominate the market during the forecast period and has grown well in recent years. This Device is extremely cost-effective compared to all the other devices available for blood clot retrieval on the market. This Device is expected to have a great share in the growth of worldwide Blood clot retrieval devices in the coming years.
The use of blood clot retrieval devices is expected to increase the life span of a person post-surgery. As there is an increase in survival time due to the use of these devices as compared to the previously used medical care, these devices are expected to have a larger market share, and they’re expected to be in great demand during the forecast period.
An increasing number of deaths due to stroke in many developed nations like Canada and the United States will create a great demand for these devices in the future. An increase in the sedentary lifestyle and unhealthy eating habits drives the market’s growth. Growing awareness among the people regarding the favorable reimbursement policies across all the developed nations and the availability of minimally invasive surgery options is creating a demand for blood clot retrieval devices.
The use of these devices is expected to grow in the coming years due to the increasing geriatric population across developed and developing economies. The market is expected to grow with growing awareness relating to the availability of these devices for surgery. The devices will be used across all the medical facilities to treat acute ischemic stroke. The availability of reimbursement policies in developing nations will support the market’s growth.
The blood clot retrieval devices market segment is based on the End User
Based on the end user, the hospital segment will have a larger market share in revenue than all the other end users, as patients prefer the hospitals over all the other available options for treatment.
The availability of all the facilities under one roof will drive market growth. Hospitals happen to be the most convenient place for surgical treatments involving the use of blood clot retrieval devices. In all the countries across the globe, this segment is expected to have a greater demand than all the other segments available. This surgical process helps extract the blood clots from the brain of the patients. It is an invasive procedure on the peripheral, coronary, and cerebral arteries of the patient suffering from blood clots in the brain. Two different types of strokes are treated with these blood clot retrieval devices. Hemorrhage stroke and ischemic stroke are caused by internal bleeding and reduced blood flow through the brain.
Apart from the hospitals, diagnostic centers and clinics are also expected to have a good demand for blood clot retrieval devices for detecting and treating the disease. Hospitals have a very large setup compared to all the other end-user segments; hence, the segment will grow at a high compound annual growth rate during the forecast period.
Report Scope
Feature of the Report | Details |
Market Size in 2021 | USD 1.6 billion |
Projected Market Size in 2030 | USD 4.5 billion |
CAGR Growth Rate | 15.9% CAGR (2022-2030) |
Base Year | 2023 |
Forecast Period | 2024-2033 |
Prominent Players | AngioDynamics, Terumo Co., Johnson and Johnson, ECKOS Co., Bayer HealthCare LLC, Boston Scientific Co., Argon Medical Devices, Medtronic Plc, Teleflex Incorporated, Penumbra, and Others |
Key Segment | By Stroke Type, Device Type, End Use, and Region |
Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
Buying Options | Request tailored purchasing options to fulfill your requirements for research. Examine possible purchases |
Regional Insights
The Asia Pacific market is expected to grow faster than the European and North American regions as there are many policies, and the government in these regions is investing to a large extent to provide better healthcare services to its citizens. The Asia Pacific region will have good growth as the government is continuously working on providing better facilities to individuals. In the countries like China, India, and Australia, there is progress in the healthcare sector, and the healthcare sector is undergoing tremendous transformation.
The increase in the number of acquisitions in the medical sector and changing government laws are two major reasons contributing to the market’s growth. In these developing nations, labor is available at a low cost, and the raw materials are also easily available at cheaper rates. These two factors favor the growth of developing economies. To provide better medical facilities and for the companies in developed economies to find better markets for expansion, they are moving to develop economies for growth. Due to these growing partnerships between the international and regional market players, the blood clot retrieval devices market in the Asia Pacific region will grow well during the forecast period.
The easy availability of technologically advanced medical devices in the North American region will drive market growth. Due to the recovery rate, there’s an increase in the number of patients undergoing surgeries. The European region is also expected to have good growth during the forecast period, and the demand for blood clot retrieval devices will grow in the coming years as the number of patients dying from stroke every year increases.
Key Player
- AngioDynamics
- Terumo Co.
- Johnson and Johnson
- ECKOS Co.
- Bayer HealthCare LLC
- Boston Scientific Co.
- Argon Medical Devices
- Medtronic Plc
- Teleflex Incorporated
- Penumbra
Recent Development
- In the year 2021, a global medical device manufacturer NeuroVask technologies Inc treated a patient with a stent retriever. It was the first patient treated with its own thrombectomy system ENVI-SR, which is a device useful for the removal of blood clots.
- Rapid medical launched the Revascularization device in the year 2021. Tigertriever received FDA clearance in the year 2021. Rapid medical is the manufacturer of responsive and adaptable neurovascular devices
Segments covered in the report
By Stroke Type
- Ischemic Stroke (blood clot)
- Hemorrhagic Stroke (rupturing of arteries)
- Transient Ischemic Attack
By Device Type
- Mechanical Embolus Removal Devices
- Penumbra Blood Clot Retrieval Devices
- Stent Retrievers
- Ultrasound Assisted Devices
By End User
- Hospitals
- Diagnostic Centers
- Clinics
- Ambulatory Surgical Centers
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Blood Clot Retrieval Devices Market, (2022 – 2030) (USD Billion)
- 2.2 Global Blood Clot Retrieval Devices Market: snapshot
- Chapter 3. Global Blood Clot Retrieval Devices Market – Industry Analysis
- 3.1 Blood Clot Retrieval Devices Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Development In The Technologies
- 3.2.2 Increasing Geriatric Population
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Device Type
- 3.7.3 Market attractiveness analysis By End Use
- Chapter 4. Global Blood Clot Retrieval Devices Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Blood Clot Retrieval Devices Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Blood Clot Retrieval Devices Market – Type Analysis
- 5.1 Global Blood Clot Retrieval Devices Market overview: By Type
- 5.1.1 Global Blood Clot Retrieval Devices Market share, By Type, 2021 and 2030
- 5.2 Ischemic Stroke (Blood Clot)
- 5.2.1 Global Blood Clot Retrieval Devices Market by Ischemic Stroke (Blood Clot), 2022 – 2030 (USD Billion)
- 5.3 Hemorrhagic Stroke (Rupturing of Arteries)
- 5.3.1 Global Blood Clot Retrieval Devices Market by Hemorrhagic Stroke (Rupturing of Arteries), 2022 – 2030 (USD Billion)
- 5.4 Transient Ischemic Attack
- 5.4.1 Global Blood Clot Retrieval Devices Market by Transient Ischemic Attack, 2022 – 2030 (USD Billion)
- 5.1 Global Blood Clot Retrieval Devices Market overview: By Type
- Chapter 6. Global Blood Clot Retrieval Devices Market – Device Type Analysis
- 6.1 Global Blood Clot Retrieval Devices Market overview: By Device Type
- 6.1.1 Global Blood Clot Retrieval Devices Market share, By Device Type, 2021 and 2030
- 6.2 Mechanical Embolus Removal Devices
- 6.2.1 Global Blood Clot Retrieval Devices Market by Mechanical Embolus Removal Devices, 2022 – 2030 (USD Billion)
- 6.3 Penumbra Blood Clot Retrieval Devices
- 6.3.1 Global Blood Clot Retrieval Devices Market by Penumbra Blood Clot Retrieval Devices, 2022 – 2030 (USD Billion)
- 6.4 Stent Retrievers
- 6.4.1 Global Blood Clot Retrieval Devices Market by Stent Retrievers, 2022 – 2030 (USD Billion)
- 6.5 Ultrasound Assisted Devices
- 6.5.1 Global Blood Clot Retrieval Devices Market by Ultrasound Assisted Devices, 2022 – 2030 (USD Billion)
- 6.1 Global Blood Clot Retrieval Devices Market overview: By Device Type
- Chapter 7. Global Blood Clot Retrieval Devices Market – End Use Analysis
- 7.1 Global Blood Clot Retrieval Devices Market overview: By End Use
- 7.1.1 Global Blood Clot Retrieval Devices Market share, By End Use, 2021 and 2030
- 7.2 Hospitals
- 7.2.1 Global Blood Clot Retrieval Devices Market by Hospitals, 2022 – 2030 (USD Billion)
- 7.3 Diagnostic Centers
- 7.3.1 Global Blood Clot Retrieval Devices Market by Diagnostic Centers, 2022 – 2030 (USD Billion)
- 7.4 Clinics
- 7.4.1 Global Blood Clot Retrieval Devices Market by Clinics, 2022 – 2030 (USD Billion)
- 7.5 Ambulatory Surgical Centers
- 7.5.1 Global Blood Clot Retrieval Devices Market by Ambulatory Surgical Centers, 2022 – 2030 (USD Billion)
- 7.1 Global Blood Clot Retrieval Devices Market overview: By End Use
- Chapter 8. Blood Clot Retrieval Devices Market – Regional Analysis
- 8.1 Global Blood Clot Retrieval Devices Market Regional Overview
- 8.2 Global Blood Clot Retrieval Devices Market Share, by Region, 2021 & 2030 (USD Billion)
- 8.3. North America
- 8.3.1 North America Blood Clot Retrieval Devices Market, 2022 – 2030 (USD Billion)
- 8.3.1.1 North America Blood Clot Retrieval Devices Market, by Country, 2022 – 2030 (USD Billion)
- 8.3.1 North America Blood Clot Retrieval Devices Market, 2022 – 2030 (USD Billion)
- 8.4 North America Blood Clot Retrieval Devices Market, by Type, 2022 – 2030
- 8.4.1 North America Blood Clot Retrieval Devices Market, by Type, 2022 – 2030 (USD Billion)
- 8.5 North America Blood Clot Retrieval Devices Market, by Device Type, 2022 – 2030
- 8.5.1 North America Blood Clot Retrieval Devices Market, by Device Type, 2022 – 2030 (USD Billion)
- 8.6 North America Blood Clot Retrieval Devices Market, by End Use, 2022 – 2030
- 8.6.1 North America Blood Clot Retrieval Devices Market, by End Use, 2022 – 2030 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Blood Clot Retrieval Devices Market, 2022 – 2030 (USD Billion)
- 8.7.1.1 Europe Blood Clot Retrieval Devices Market, by Country, 2022 – 2030 (USD Billion)
- 8.7.1 Europe Blood Clot Retrieval Devices Market, 2022 – 2030 (USD Billion)
- 8.8 Europe Blood Clot Retrieval Devices Market, by Type, 2022 – 2030
- 8.8.1 Europe Blood Clot Retrieval Devices Market, by Type, 2022 – 2030 (USD Billion)
- 8.9 Europe Blood Clot Retrieval Devices Market, by Device Type, 2022 – 2030
- 8.9.1 Europe Blood Clot Retrieval Devices Market, by Device Type, 2022 – 2030 (USD Billion)
- 8.10 Europe Blood Clot Retrieval Devices Market, by End Use, 2022 – 2030
- 8.10.1 Europe Blood Clot Retrieval Devices Market, by End Use, 2022 – 2030 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Blood Clot Retrieval Devices Market, 2022 – 2030 (USD Billion)
- 8.11.1.1 Asia Pacific Blood Clot Retrieval Devices Market, by Country, 2022 – 2030 (USD Billion)
- 8.11.1 Asia Pacific Blood Clot Retrieval Devices Market, 2022 – 2030 (USD Billion)
- 8.12 Asia Pacific Blood Clot Retrieval Devices Market, by Type, 2022 – 2030
- 8.12.1 Asia Pacific Blood Clot Retrieval Devices Market, by Type, 2022 – 2030 (USD Billion)
- 8.13 Asia Pacific Blood Clot Retrieval Devices Market, by Device Type, 2022 – 2030
- 8.13.1 Asia Pacific Blood Clot Retrieval Devices Market, by Device Type, 2022 – 2030 (USD Billion)
- 8.14 Asia Pacific Blood Clot Retrieval Devices Market, by End Use, 2022 – 2030
- 8.14.1 Asia Pacific Blood Clot Retrieval Devices Market, by End Use, 2022 – 2030 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Blood Clot Retrieval Devices Market, 2022 – 2030 (USD Billion)
- 8.15.1.1 Latin America Blood Clot Retrieval Devices Market, by Country, 2022 – 2030 (USD Billion)
- 8.15.1 Latin America Blood Clot Retrieval Devices Market, 2022 – 2030 (USD Billion)
- 8.16 Latin America Blood Clot Retrieval Devices Market, by Type, 2022 – 2030
- 8.16.1 Latin America Blood Clot Retrieval Devices Market, by Type, 2022 – 2030 (USD Billion)
- 8.17 Latin America Blood Clot Retrieval Devices Market, by Device Type, 2022 – 2030
- 8.17.1 Latin America Blood Clot Retrieval Devices Market, by Device Type, 2022 – 2030 (USD Billion)
- 8.18 Latin America Blood Clot Retrieval Devices Market, by End Use, 2022 – 2030
- 8.18.1 Latin America Blood Clot Retrieval Devices Market, by End Use, 2022 – 2030 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Blood Clot Retrieval Devices Market, 2022 – 2030 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Blood Clot Retrieval Devices Market, by Country, 2022 – 2030 (USD Billion)
- 8.19.1 The Middle-East and Africa Blood Clot Retrieval Devices Market, 2022 – 2030 (USD Billion)
- 8.20 The Middle-East and Africa Blood Clot Retrieval Devices Market, by Type, 2022 – 2030
- 8.20.1 The Middle-East and Africa Blood Clot Retrieval Devices Market, by Type, 2022 – 2030 (USD Billion)
- 8.21 The Middle-East and Africa Blood Clot Retrieval Devices Market, by Device Type, 2022 – 2030
- 8.21.1 The Middle-East and Africa Blood Clot Retrieval Devices Market, by Device Type, 2022 – 2030 (USD Billion)
- 8.22 The Middle-East and Africa Blood Clot Retrieval Devices Market, by End Use, 2022 – 2030
- 8.22.1 The Middle-East and Africa Blood Clot Retrieval Devices Market, by End Use, 2022 – 2030 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 AngioDynamics
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Terumo Co.
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Johnson and Johnson
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 ECKOS Co.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Bayer HealthCare LLC
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Boston Scientific Co.
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Argon Medical Devices
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Medtronic Plc
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Teleflex Incorporated
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Penumbra
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.1 AngioDynamics
List Of Figures
Figures No 1 to 27
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
Perspective | Primary research | Secondary research |
Supply-side |
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Demand-side |
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Market Analysis Matrix
Qualitative analysis | Quantitative analysis |
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Key Player
- AngioDynamics
- Terumo Co.
- Johnson and Johnson
- ECKOS Co.
- Bayer HealthCare LLC
- Boston Scientific Co.
- Argon Medical Devices
- Medtronic Plc
- Teleflex Incorporated
- Penumbra
- Others
FAQs
The “Asia Pacific” region will lead the global Blood Clot Retrieval Devices market during the forecast period 2022 to 2030.
The key factors driving the market are development in the technologies1 and the Increasing geriatric population.
The key players operating in the Blood Clot Retrieval Devices market are AngioDynamics, Terumo Co., Johnson and Johnson, ECKOS Co., Bayer HealthCare LLC, Boston Scientific Co., Argon Medical Devices, Medtronic Plc, Teleflex Incorporated, Penumbra.
The global Blood Clot Retrieval Devices market is expanding growth with a CAGR of approximately 15.9% during the forecast period (2022 to 2030).
The global Blood Clot Retrieval Devices market size was valued at USD 1.6 billion in 2021 and it is projected to reach around USD 4.5 billion by 2030.