BLOOD CLOT RETRIEVAL DEVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America has dominated the global blood clot retrieval devices market. The region is expected to account for 36.8% of the market share in 2024 and is expected to continue its leadership position during the forecast period. The strong dominance of the region can be attributed to factors like the growing prevalence of cardiovascular diseases, rising healthcare expenditure, presence of leading medical device manufacturers, and awareness about technologically advanced devices. Countries like the U.S. and Canada have a high adoption rate of novel technologies in healthcare, which has significantly contributed to the large market size of blood clot retrieval devices in North America.

The export and import activities of blood clot retrieval devices are also quite high within North American countries and other regions. For example, the trade of thrombectomy devices between the U.S. and European countries is a major factor supporting the regional market. Furthermore, reimbursement coverage for mechanical thrombectomy procedures has boosted the demand and affordability of blood clot retrieval devices in North America.

The Asia Pacific region has emerged as the fastest growing market for blood clot retrieval devices globally. The growth can be accredited to improving healthcare infrastructure, rising healthcare expenditure, increasing incidence of cardiovascular diseases, growing medical tourism, and presence of cost-effective treatment options. Countries like China, India, Japan, and South Korea are the major contributors to the Asia Pacific market. These countries are witnessing rapid economic development which has positively impacted the regional blood clot retrieval devices market. Rising disposable incomes, focus on quality care at affordable prices, and availability of latest technologies at lower prices than developed markets are some key factors driving the APAC market. The trade dynamics and pricing models of blood clot retrieval devices also favor growth in the Asia Pacific region.