Brazil Neurothrombectomy Devices Market Size & Outlook
Brazil neurothrombectomy devices market, 2018-2030 (US$M)
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Brazil neurothrombectomy devices market highlights
- The Brazil neurothrombectomy devices market generated a revenue of USD 22.4 million in 2023 and is expected to reach USD 32.8 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, clot retrievers was the largest revenue generating product in 2023.
- Aspiration/Suction Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Neurothrombectomy devices market data book summary
| Market revenue in 2023 | USD 22.4 million |
| Market revenue in 2030 | USD 32.8 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Clot retrievers |
| Fastest growing segment | Aspiration/Suction Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clot Retrievers, Aspiration/Suction Devices, Vascular Snares |
| Key market players worldwide | Medtronic PLC, Acandis GmbH, Stryker Corp, Penumbra Inc, Phenox, Vesalio |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.2% of the global neurothrombectomy devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil neurothrombectomy devices market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 32.8 million by 2030.
Clot retrievers was the largest segment with a revenue share of 57.14% in 2023. Horizon Databook has segmented the Brazil neurothrombectomy devices market based on clot retrievers, aspiration/suction devices, vascular snares covering the revenue growth of each sub-segment from 2018 to 2030.
The Brazil neuro thrombectomy devices market is anticipated to witness moderate growth over the forecast period. Increasing incidence of acute ischemic stroke is the major factor boosting market growth. For instance, as per a report published by NCBI in 2018, in Brazil, acute ischemic stroke was the most prevalent form of stroke and around 61.80% of deaths were due to this type in 2016.
In addition, growing awareness about treatment of ischemic stroke is likely to boost market growth. According to a report published by the NCBI in 2018, Brazil has witnessed improvements and developments in treatments and also has better access to technology and education.
The country has also exhibited improvements in primary healthcare along with emphasis on prevention of stroke. Therefore, factors such as these are anticipated to drive the market. However, lack of adequate skilled professionals and presence of few key players in Brazil are likely to impede the market growth over the forecast period.
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Neurothrombectomy Devices Market Scope
Neurothrombectomy Devices Market Companies
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Brazil neurothrombectomy devices market size, by product, 2018-2030 (US$M)
Brazil Neurothrombectomy Devices Market Outlook Share, 2023 & 2030 (US$M)
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