SEATTLE, July 09, 2021, (MEDGADGET) — Global Clot Management Devices Market Analysis
Overview
A blood clot is often formed in reaction to an injury in order to prevent infection and reduce blood flow. Embolus is a kind of blood clot that splits from the thrombus site and travels through the circulation to the rest of the body. It has the potential to block blood vessel function, resulting in negative repercussions on the body. High cholesterol, obesity, diabetes, cancer, and a sedentary lifestyle can all contribute to blood clotting in the body. Antibiotics, compression stockings, surgeries, catheters, and vena cava filters are among options for treating blood clots. These medications stop further blood clots from forming in the body.
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Drivers
The global clot management devices market is projected to benefit from the approval and introduction of innovative clot management devices. The Bashir Endovascular Catheter (BEC) and Bashir N-X endovascular catheter (BEC N-X) were designed by a scientist at Temple University Hospital in Philadelphia, Pennsylvania, and are being launched by Thrombolex, Inc., in May 2019. BEC N-X is used for block fluids into pulmonary and peripheral vasculature after receiving authorization for controlled infusion of fluids (thrombolytics) in peripheral vasculature.
In addition, significant firms are attempting to broaden the indications for their already-approved medications. The FDA increased the criteria for the Trevo clot retriever, a device created by Stryker Corporations, in February 2018. The Trevo Retriever is the first thrombectomy device to be approved for an increase in treatment time for acute ischemic stroke by 18 hours. Trevo clot retriever was first authorized in 2012. The global clot management devices market is projected to develop as a result of the FDA’s regular approvals.
Additionally, manufacturer alliances, agreements, mergers, and acquisitions are impelling the global clot management devices market forward. Applied Medical Resources Corporation’s vascular clot management business was bought by LeMaitre Vascular Corporation in September 2018. The parties had reached a transitional service contract under which Applied Medical Resources Corporation was to produce LeMaitre Vascular Corporation’s clot management product line. Over the forecast period, this aspect is estimated to have a favorable impact on the global clot management devices market growth.
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Regional Insights
Due to regular research and development initiatives in the region, North America is estimated to have a leading position in the global clot management devices market throughout the forecast period. Tufts Medical Center in Boston and Eskenazi Health, a partner with Indiana University School of Medicine, announced in April 2019 that they are working on a Mobile Active Compression (MAC) leg device to avoid deep vein thrombosis. Since limbs have a higher risk of deep vein thrombosis, the MAC is a lightweight and portable gadget that may be worn around them. Such advancements in clot management devices are projected to propel the global clot management devices market forward.
Restraints
Over the forecast period, the high cost of clot management devices is likely to limit the global clot management devices market’s development. The cost of a 5MAX ACE catheter used to retrieve clots in ischemic stroke was roughly US$ 4,916 in 2016, according to statistics supplied by the National Center for Biotechnology Information (NCBI). As a result, high costs may discourage device use, limiting the global clot management devices market’s development.
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Competitive Landscape
Key companies contributing in the global clot management devices market are Volcano Corporation, Medtronic, Inc., Boston Scientific Corporation, Straub Medical AG, Edward Lifesciences Corporation, Angiodynamics, Stryker Corporation, Argon Medical, Teleflex Inc., and LeMaitre Vascular, Inc.
Table of Content
Global Clot Management Devices Market Research Report
Section 1: Global Clot Management Devices Industry Overview
Section 2: Global Economic Impact on Clot Management Devices Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Clot Management Devices Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Clot Management Devices Market Forecast
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