Market Trends of Neurothrombectomy Devices Industry
This section covers the major market trends shaping the Neurothrombectomy Devices Market according to our research experts:
The Clot Retrievers Segment is Expected to Hold a Major Share in the Market over the Forecast Period
The clot retrievers segment is the dominant segment among all the other segments. This segment contributes the maximum revenue to the global neurothrombectomy devices market due to the high efficacy and flexibility these products offer. Moreover, there is a rise in the number of day-to-day cases of ischemic stroke in patients due to age and sedentary lifestyles. The rising government initiatives are expected to boost the market for clot retrievers during the forecast period. The increasing developments of novel drugs for clot retrievers may also help in boosting the market during the forecast period.
Due to the growing business expansion in the endovascular devices segment, there is growth in the vascular snares market. Increasing cardiac-related issues are another factor driving the market growth.
The hospital segment has also dominated the neurothrombectomy devices market due to increasing hospital visits compared to emergency clinics. Moreover, there is an availability of the latest technological products/devices in hospitals.
North America Dominated the Overall Market, and it is Expected to Retain its Dominance
North America is contributing to the maximum share of the overall neurothrombectomy devices market, and it may continue to register the same growth during the forecast period due to the increasing number of stroke-related cases in the region, increasing awareness among people about stroke-related problems, increasing government spending on spreading awareness, and the technological advancements in the detection of the disease and the associated therapy. In North America, the United States is contributing the maximum revenue, as women aged 55 years and more are being diagnosed with this disease. Furthermore, more healthcare players in the country are spending huge amounts on R&D and technological advancements. In the United States, there is an increased geriatric population, leading to an increase in the number of stroke-related issues.
Europe is also contributing a significant percentage to the overall revenue generation due to the increased number of patients suffering from acute ischemic stroke and the launch of new products by the manufacturers in the region.
