The global catheter-directed thrombolysis market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 5.9%. Valued at USD 454.8 million in 2023, the market is expected to reach an estimated USD 808 million by 2033, according to the latest market analysis.
Catheter-directed thrombolysis, a minimally invasive procedure for treating blood clots, is rapidly gaining traction in the medical field. The technique, which involves the precise delivery of thrombolytic agents directly to the clot site, ensures rapid and effective clot dissolution while minimizing systemic side effects. Its effectiveness, combined with its safety profile, has led to widespread adoption by healthcare providers, presenting a superior alternative to traditional clot treatments.
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“This procedure’s unparalleled efficacy has made it a go-to solution for the treatment of various thrombotic conditions, including deep vein thrombosis (DVT) and pulmonary embolism (PE),” says a Future Market Insights. “With an anticipated CAGR of 5.9%, the catheter-directed thrombolysis market is poised for significant expansion over the next decade.”
The growing prevalence of DVT and PE, along with an increasing preference for minimally invasive techniques, is driving the demand for catheter-directed thrombolysis. The procedure not only reduces hospital stays but also accelerates recovery times, making it a preferred choice for both patients and healthcare providers. As such, the market is witnessing a surge in adoption across hospitals and specialty centers worldwide.
The market’s impressive growth prospects are underlined by continuous innovation in catheter-based technologies and expanding applications across a range of medical conditions. These factors are expected to open up new avenues for medical device manufacturers, healthcare providers, and investors alike.
As the market continues its upward trajectory, key players in the catheter-directed thrombolysis space are expected to focus on technological advancements, strategic partnerships, and expanding their geographic footprints to capitalize on the expanding opportunities.
Top Highlights from the FMI’s Analysis of the Catheter-directed thrombolysis industry:
- The North American catheter-directed thrombolysis industry is expected to gain 53.4% market share, with the United States enjoying the leading position in the region and globe by attaining 47% in the global market.
- Although Europe’s market share is less than half of North America’s, i.e., Europe garnered a 24.1% market share in 2022. The region still holds a prominent position in the market.
- Germany leads the European market with a market share of 4.7%.
- Japan has a value share of 3.1%, attracting businesses to delve deep into the market for revenue prospects.
- Australia’s growth rate in the market, as estimated by FMI, is expected to be 5.2% CAGR over the forecast period.
- China is expected to expand at a robust pace of 7.1% over the forecast period.
- India, another Asian country, is expected to expand at a CAGR of 5.8% from 2023 to 2033.
- The United Kingdom is expected to expand at a CAGR of 4.1% over the forecast period.
- Under the delivery mode category, direct delivery to the blood clot segment is expected to garner a market share of more than 62.8% over the forecast period.
- Based on end users, the hospital segment is expected to grab a value share of more than 47.8%.
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Key Players in the News:
- In August 2022, Boston Scientific Corporation obtained Obsidio, Inc., which is a privately-owned firm that has created Gel Embolic Material (GEM) technology for the coagulum of blood vessels in the peripheral circulatory system.
- In July 2020, iVascular S.L.U introduced its sergeant peripheral support catheter for patients suffering from peripheral artery disorder or difficult anatomy during interventional and diagnostic procedures. The device delivers brilliant pushability and torque capacity due to its tapered shaft design.
Some of the key participants present in the market include:
- AngioDynamics Inc.
- Boston Scientific Corporation
- iVascular SLU
- Straub Medical AG
Key Segments:
By Delivery Mode:
- Direct Delivery to Blood Clot Catheter-directed Thrombolysis
- Catheter-directed Thrombolysis by Positioning Medical Device at Clot Site
By Indication:
- Pulmonary Embolism (PE)
- Deep Vein Thrombosis (DVT)
- Strokes
- Other Indications
By End User:
- Hospitals
- Surgical Centers
- Radiology Clinics
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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