Germany Neurothrombectomy Devices Market Size & Outlook
Germany neurothrombectomy devices market, 2018-2030 (US$M)
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Germany neurothrombectomy devices market highlights
- The Germany neurothrombectomy devices market generated a revenue of USD 51.7 million in 2023 and is expected to reach USD 87.3 million by 2030.
- The Germany 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.
- Clot Retrievers 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 51.7 million |
| Market revenue in 2030 | USD 87.3 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Clot retrievers |
| Fastest growing segment | Clot Retrievers |
| 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, Germany accounted for 7.4% 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 Europe, Germany neurothrombectomy devices market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 72.3 million by 2030.
Clot retrievers was the largest segment with a revenue share of 59.38% in 2023. Horizon Databook has segmented the Germany neurothrombectomy devices market based on clot retrievers, aspiration/suction devices, vascular snares covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in the number of mechanical thrombectomy procedures and high adoption of technologically advanced products are major factors driving the Germany neuro thrombectomy devices market growth over the forecast period. For instance, as per an article published by BioMed Central Ltd in 2019, the rate of mechanical thrombectomy procedures has increased from 0.8% to 4.7%.
It also reported that the rate of intravenous thrombolysis has increased from 8.9% to 14.9%. As intravenous thrombolysis and mechanical thrombectomy are major reasons for triggering acute ischemic stroke, increasing prevalence of these conditions is expected to boost the demand for neuro thrombectomy devices, which is expected to drive the market.
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Neurothrombectomy Devices Market Scope
Neurothrombectomy Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany neurothrombectomy devices market size, by product, 2018-2030 (US$M)
Germany Neurothrombectomy Devices Market Outlook Share, 2023 & 2030 (US$M)
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