Colombia Neurothrombectomy Devices Market Size & Outlook
Colombia neurothrombectomy devices market, 2018-2030 (US$M)
Related Markets
Colombia neurothrombectomy devices market highlights
- The Colombia neurothrombectomy devices market generated a revenue of USD 12.2 million in 2023 and is expected to reach USD 17.3 million by 2030.
- The Colombia market is expected to grow at a CAGR of 5.1% 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 12.2 million |
| Market revenue in 2030 | USD 17.3 million |
| Growth rate | 5.1% (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, Colombia accounted for 1.8% 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 57.38% in 2023. Horizon Databook has segmented the Colombia neurothrombectomy devices market based on clot retrievers, aspiration/suction devices, vascular snares covering the revenue growth of each sub-segment from 2018 to 2030.
Less adoption of advanced healthcare facilities and declining healthcare expenditure by the government are major factors restraining the market growth in Colombia. For instance, as per a report published by Knoema, healthcare expenditure was around 5.9% in 2016 whereas in 2015 it was around 6.0%.
Moreover, such scenario also restricts key players to enter the Colombian market as the scope of growth is significantly low. Furthermore, lack of skilled professionals and proper knowledge regarding technologically advanced products are some of the major drawbacks, impeding market growth. Thus, Colombia neuro thrombectomy devices market is anticipated to witness low growth rate over the forecast period.
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Neurothrombectomy Devices Market Scope
Neurothrombectomy Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Colombia neurothrombectomy devices market size, by product, 2018-2030 (US$M)
Colombia Neurothrombectomy Devices Market Outlook Share, 2023 & 2030 (US$M)
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