India Neurothrombectomy Devices Market Size & Outlook
India neurothrombectomy devices market, 2018-2030 (US$M)
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India neurothrombectomy devices market highlights
- The India neurothrombectomy devices market generated a revenue of USD 21.5 million in 2023 and is expected to reach USD 34.8 million by 2030.
- The India market is expected to grow at a CAGR of 7.1% 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 21.5 million |
| Market revenue in 2030 | USD 34.8 million |
| Growth rate | 7.1% (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, India accounted for 3.1% 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 59.53% in 2023. Horizon Databook has segmented the India neurothrombectomy devices market based on clot retrievers, aspiration/suction devices, vascular snares covering the revenue growth of each sub-segment from 2018 to 2030.
India neurothrombectomy devices market is anticipated to witness moderate growth over the forecast period. Increasing initiatives regarding treatment of acute ischemic stroke and presence of several key players in the market are major driving factors contributing to the market growth.
For instance, the Indian Stroke Association and the Bangalore Neurological Society organized the Indian National Stroke Conference from 20th March to 22nd March 2020 in Bangalore, India, with an aim to create awareness regarding the treatment of acute ischemic stroke. Such initiative is expected to positively impact the market.
However, low adoption of technologically advanced products and stagnant healthcare expenditure in the country may restrict many new and key players to enter the market, thereby restraining the market growth over the forecast period.
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Neurothrombectomy Devices Market Scope
Neurothrombectomy Devices Market Companies
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India neurothrombectomy devices market size, by product, 2018-2030 (US$M)
India Neurothrombectomy Devices Market Outlook Share, 2023 & 2030 (US$M)
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