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Rapid technologies advancements and launch of innovative next generation thrombectomy devices such as Penumbra’s AC68 Reperfusion Catheter will stimulate clot management devices market growth. Speedy regulatory approvals for self-monitoring devices.
However, pain of reimbursement policies and awareness for preventive medical check-ups to detect the blood clot are hampering growth. Products are categorized into Inferior Vena Cava Filters (IVCF), neurovascular embolectomy devices, catheter-directed thrombolysis (CDT) devices, percutaneous thrombectomy devices, and embolectomy balloon catheters / clot management catheter. The neurovascular embolectomy will register the fastest CAGR over the period. The continuous R & D investments by public and private companies, growing demand for cost-effective devices, and developments in patient health outcomes should drive business segment growth. Percutaneous thrombectomy dominated clot management devices market share in 2015.
Based on end-use, clot management market is segmented as hospitals, ambulatory surgical centers, and diagnostic centers. In 2015, hospitals were the largest segment attributing to 80% of the overall clot management devices market share. In most of the stroke cases, the patients are referred to as „emergency care units“. The reimbursement criteria for patients treated in hospital are as follows.
Ambulatory surgical center segment is expected to be highest CAGR over the period period. Growing demand for the same day.
US held the largest regional share of the population. Additionally, lifestyle changes associated with lack of physical activity.
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Asia Pacific will be the fastest growing region with highest CAGR over the period. China and India should contribute to the growth of diabetes, obesity, and several other cardiovascular diseases, growing disposable income in these countries, introduction of advanced technologies and rapid improvement in healthcare infrastructure.
Key industry players include Boston Scientific Corporation, Teleflex, Medtronic Plc, iVascular, Vascular Solutions, LeMaitre Vascular, Edwards Lifesciences and Straub Medical. Technologically advanced products, investments in R & D, and compliance with the regulatory bodies. The enormous cost of new product development, clinical trials, and marketing activities.
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