South Africa Neurothrombectomy Devices Market Size & Outlook
South Africa neurothrombectomy devices market, 2018-2030 (US$M)
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South Africa neurothrombectomy devices market highlights
- The South Africa neurothrombectomy devices market generated a revenue of USD 5.2 million in 2023 and is expected to reach USD 7.4 million by 2030.
- The South Africa 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.
- 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 5.2 million |
| Market revenue in 2030 | USD 7.4 million |
| Growth rate | 5.1% (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, South Africa accounted for 0.8% 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 Middle East & Africa, UAE neurothrombectomy devices market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 7.4 million by 2030.
Clot retrievers was the largest segment with a revenue share of 38.46% in 2023. Horizon Databook has segmented the South Africa neurothrombectomy devices market based on clot retrievers, aspiration/suction devices, vascular snares covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa neuro thrombectomy devices market is anticipated to witness considerable growth over the forecast period. Increasing healthcare expenditure and rising adoption of advanced healthcare facilities are major factors driving the market.
For instance, as per article published by the Economist Intelligence Unit Limited in 2018, the South African government has increased the healthcare expenditure by 9.00% from the previous year.
Such instances are expected to create opportunities in the South African market owing to which new and key players may enter the market. In addition, according to the study published by INTERSTROKE in 2018, around 66.00% of stroke occurred in Africa were acute ischemic stroke. Therefore, such factors are expected to propel the market growth over the forecast period.
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Neurothrombectomy Devices Market Scope
Neurothrombectomy Devices Market Companies
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South Africa neurothrombectomy devices market size, by product, 2018-2030 (US$M)
South Africa Neurothrombectomy Devices Market Outlook Share, 2023 & 2030 (US$M)
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