Thrombectomy devices market stood at USD 1.2 billion in 2021and is expected to grow at 6.5% CAGR between 2022 and 2028. Growing measure of cardiovascular disorders are the major highlights causing the industry to grow.
Thrombectomy devices are used to remove blood clots from veins and arteries. An extensive population suffering from diabetes mellitus, hypertension, gross overweight, smoking and erratic dietary habits that cause the cardiovascular disease progression is ongoing. This in response gives rise to thrombectomy devices which is a proven method for aspiration of blood clots, hence drives the thrombectomy devices market growth upwards.
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Drivers
Increased healthcare spending across emerging markets are some key factors propelling the growth of this market.
A growing mass of minimally invasive procedures, the growing target patient population, ongoing technological impetus, favorable medical coverage, rising demand for minimally invasive thrombectomy procedures. The executions of localized manufacturing across developing markets (such as China, India, and Brazil) by major market players are expected to increase the access of thrombectomy devices at cost-conscious prices.
Growing demand for stent retrievers will drive the global thrombectomy devices market to reach USD 1.45 billion by 2022. Stent retrievers are second-generation mechanical thrombectomy products utilized for the treatment of thrombotic disorders.
The stent retrievers market is projected to reach 59.0% of overall mechanical thrombectomy devices market by 2022, largely due to increasing availability of reimbursement for thrombectomy procedures, increasing public-private investments for product development & commercialization, and increasing patient emphasis on minimally invasive therapeutic procedures.
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Restraints
Stringent policy framework, paucity of skilled and well-trained surgeons and short awareness amongst people to the disease resulted in delayed treatment and cause for market restraints.
Currently observed product developments by leading companies and expansion of the presence in emerging countries by the key market players through the establishment of manufacturing facilities, research & development facilities, and distribution networks are likely to propel further growth of the thrombectomy devices during the forecast period.
The global thrombectomy devices market has been segmented on the basis of type, application, end user, and region. Based on application, the cardiovascular segment attracted the largest share of the global market in 2016. This large market share is mainly attributed to factors such as increasing prevalence of cardiovascular diseases across major markets, procedural benefits offered by mechanical thrombectomy in cardiac surgeries, higher prevalence of thrombotic diseases among aging individuals, and growing inclination towards surgeons for image-guided and minimally invasive cardiac surgeries.
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Expanding access to medical reimbursements projected to propel the thrombectomy devices industry across developed countries during the forecast period

With ongoing technological breakthroughs in the field of minimally invasive surgeries, thrombectomy systems are increasingly being utilized with diagnostic technologies for image-guided thrombectomy procedures in hospitals & surgical centres.
The number of thrombectomy procedures performed in hospitals and surgical centers are growing due to increasing adoption of stent & clot retrievers for acute ischemic stroke treatment and rising incidence of chronic vascular diseases.
By End-User
Hospitals & surgical centers to register the highest CAGR during the forecast period
Furthermore, the presence of skilled technical force and access to catheterization laboratories within the hospital will augment the market growth.
By Region
Increasing onus of cardiovascular diseases and high healthcare expenditure will accelerate growth in North America thrombectomy devices market.
Increasing aging population highly prone to several chronic ailments will push the market upward in the region. The growing population suffering from CVD also imparts industry growth in the North American region.
Key players
New innovations and product procurements will offer high growth in the region.
The players include Stryker Corporation (U.S), Medtronic plc (Ireland), Boston Scientific Corporation (U.S.), Johnson & Johnson (U.S.), Terumo Corporation (Japan), Penumbra, Inc. (U.S.), Spectranetics Corporation (U.S.), Edwards Lifesciences Corporation (U.S.), Argon Medical Devices, Inc. (U.S.), and Teleflex Incorporated (U.S.),
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