China Neurothrombectomy Devices Market Size & Outlook
China neurothrombectomy devices market, 2018-2030 (US$M)
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China neurothrombectomy devices market highlights
- The China neurothrombectomy devices market generated a revenue of USD 27.5 million in 2023 and is expected to reach USD 46.5 million by 2030.
- The China market is expected to grow at a CAGR of 7.8% 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 27.5 million |
| Market revenue in 2030 | USD 46.5 million |
| Growth rate | 7.8% (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, China accounted for 4.0% 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 Asia Pacific, China neurothrombectomy devices market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 46.5 million by 2030.
Clot retrievers was the largest segment with a revenue share of 59.64% in 2023. Horizon Databook has segmented the China neurothrombectomy devices market based on clot retrievers, aspiration/suction devices, vascular snares covering the revenue growth of each sub-segment from 2018 to 2030.
China neuro thrombectomy devices market is expected to witness considerable growth over the forecast period owing to increase in the number of cases of acute ischemic stroke and presence of several local and key players in the market are the major factors promoting market growth.
For instance, as per an article published in AHA journal in 2018, stroke was one of the leading causes of death in China in the recent years. Such instances are anticipated to promote the market growth. In addition, presence of several local and key players in the market is also expected to drive the market over the forecast period.
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Neurothrombectomy Devices Market Scope
Neurothrombectomy Devices Market Companies
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China neurothrombectomy devices market size, by product, 2018-2030 (US$M)
China Neurothrombectomy Devices Market Outlook Share, 2023 & 2030 (US$M)
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