Clot Management Devices Market Segmented By Product, By End User ,By Region And Forecast To 2024: Grand View Research Inc.

San Francisco, 27 August 2019: The Report Clot Management Devices Market Analysis By Product (Neurovascular Embolectomy Devices, Embolectomy Balloon Catheters, Percutaneous Thrombectomy Devices, Catheter-Directed Thrombolysis Devices), By End User, And Segment Forecasts 2018 – 2024

The global Clot Management Devices Market to reach USD At 1.88 Billion By 2024  and expected to grow with a CAGR of 4.6% over the forecast period  according to a new report by Grand View Research, Inc. The market is growing owing to the key drivers such as increasing prevalence of stroke, Pulmonary Embolism (PE), Deep Vein Thrombosis (DVT), obesity, growing geriatric population, technological advancements, and improvement in health insurance coverage & availability of emergency medical services.

Globally, the number of people impacted by PE and DVT, which are collectively known as Venous Thromboembolism (VTE), is much larger than AIDS, cancer, and road traffic accidents combined together.

The data published by the U.S. CDC indicates that stroke is amongst the leading cause of disabilities and is the fifth leading cause of deaths in the U.S. According to the estimates of CDC, PE and DVT affect nearly 900,000 people in the U.S. Furthermore, the CDC estimates also suggest the following:

• Approximately 60,000 to 100,000 Americans die due to VTE and nearly 10% to 30% of the people are expected to die within 1 month of their diagnosis
• Nearly 33% of the people with VTE will have a recurrence within 10 years
• In the U.S.,VTE accounts for over USD 10 billion in medical costs

The various risk factors that lead to VTE and stroke are classified as high, medium, and other risks. The high risk factors include hospitalization; spinal, hip, knee, & cancer surgeries; and inactivity for long time due to various reasons, such as postsurgery, sedentary lifestyle, etc. The moderate risk factors include age above 60 years, family history of blood clots, chemotherapy, and excessive use of estrogen-based medications. The other risk factors include obesity, pregnancy, smoking, and alcohol consumption.
The clot management devices market is also anticipated to grow due to technological advancements and the launch of new-generation thrombectomy devices, such as Penumbra’s AC68 Reperfusion Catheter; Trevo clot retrieval device manufactured by the Concentric Medical, Inc.; and EmboTrap II Revascularization Device manufactured by Neuravi.

Access Research Report of Clot Management Devices Market @ www.grandviewresearch.com/industry-analysis/clot-management-devices-market

Further Key Findings from the Study Suggest:

• In 2015, percutaneous thrombectomy devices accounted for the maximum share of over 35%. However, the neurovascular embolectomy devices segment is expected to register the maximum CAGR of 6.2% over the forecast period
• Hospitals accounted for the maximum share of over 80%, as majority of the stroke, DVT, and PE cases are treated in emergency and critical care units. The demand for low-risk clot removal procedures is anticipated to drive the diagnostic center segment.
• In 2015, North America held the majority revenue share of over 60.5%. The growing awareness about DVT/PE, access to advanced healthcare facilities, and presence of robust reimbursement and regulatory framework are some of the key reasons attributed to the high market share.
• Asia Pacific is anticipated to be the fastest growing region with a CAGR of 5.7% over the forecast period.
• Some of the key players in the clot management devices market include Boston Scientific Corporation; Edwards Lifesciences; Teleflex; Vascular Solutions, Inc.; Straub Medical; LeMaitre Vascular; Medtronic; iVascular; and others

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Grand View Research has segmented the clot management devices market on the basis of product, end-use, and region:

• Product Outlook (Revenue, USD Million; 2013 - 2024)
  • Neurovascular Embolectomy Devices
  • Embolectomy Balloon Catheters
  • Percutaneous Thrombectomy Devices
  • Catheter-Directed Thrombolysis (CDT) devices
  • Inferior vena cava filters (IVCF)
• End-User Outlook (Revenue, USD Million; 2013 - 2024)
  • Hospitals
  • Diagnostic Centers
• Regional Outlook (Revenue, USD Million; 2013 - 2024)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Access Press Release of Clot Management Devices Market @ www.grandviewresearch.com/press-release/global-clot-management-devices-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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