Market revenue in 2023 | USD 695.5 million |
Market revenue in 2030 | USD 1,102.3 million |
Growth rate | 6.8% (CAGR from 2023 to 2030) |
Largest segment | Clot retrievers |
Fastest growing segment | Aspiration/Suction Devices |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Clot Retrievers, Aspiration/Suction Devices, Vascular Snares |
Clot retrievers was the largest segment with a revenue share of 58.23% in 2024. Horizon Databook has segmented the Global neurothrombectomy devices market based on clot retrievers, aspiration/suction devices, vascular snares covering the revenue growth of each sub-segment from 2018 to 2030.
Neurothrombectomy devices are critical in treating ischemic stroke, a commonly occurring phenomenon of stroke among older adults. Modern lifestyle, stress, and dietary habits have been observed to result in the risk of stroke among adults older than 40 years.
Stroke is the leading cause of disability among the elderly with around 65% of patients requiring physical assistance/support post an episode of stroke. According to WHO, approximately 15 million people worldwide are expected to suffer from stroke each year.
Since the Neurothrombectomy procedure improves functional outcomes and lowers the mortality rate in patients, therefore, it is the most preferred treatment for acute ischemic stroke. Thereby, boosting the market growth during the forecast period.
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Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
North America | 152.9 | 161.9 | 160.6 | 167.4 | 178.0 | 189.5 | 202.0 | 215.7 | 230.5 | 246.8 | 264.5 | 283.9 | 305.1 | 7.1% |
Europe | 180.6 | 191.9 | 191.0 | 199.8 | 213.2 | 227.7 | 243.6 | 260.9 | 279.8 | 300.5 | 323.1 | 347.9 | 375.1 | 7.5% |
Asia Pacific | 141.8 | 149.9 | 148.4 | 154.4 | 163.9 | 174.1 | 185.3 | 197.4 | 210.6 | 225.0 | 240.7 | 257.9 | 276.6 | 6.9% |
Latin America | 65.6 | 68.3 | 66.8 | 68.5 | 71.6 | 75.0 | 78.6 | 82.5 | 86.7 | 91.2 | 96.1 | 101.3 | 107.0 | 5.3% |
MEA | 26.7 | 27.6 | 26.7 | 27.2 | 28.2 | 29.2 | 30.3 | 31.5 | 32.8 | 34.1 | 35.5 | 37.0 | 38.6 | 4.1% |
Overall | 567.5 | 599.5 | 593.5 | 617.3 | 654.8 | 695.5 | 739.9 | 788.0 | 840.4 | 897.6 | 959.9 | 1,028.0 | 1,102.3 | 6.9% |
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