Michael Barbella, Managing Editor05.24.21
The U.S. thrombectomy market is forecast to surge 75 percent over the next four years, driven by an increase in thrombectomy procedures and the newly approved adjustable stent retriever device.
GlobalData estimates the market was worth roughly $265 million in 2020 in the United States and will grow to $465 million in 2025.
“Mechanical thrombectomy has become increasingly popular in recent years compared to managing stroke patients using medical managements, as early clinical studies suggest that it potentially leads to improved clinical outcomes. Stent retrievers aim to trap a clot within their basket, allowing the clots to be removed from the blood vessel, while aspiration catheters rely on suction to remove the clots," said Dominic Tong, a medical devices analyst at GlobalData.
The U.S. Food and Drug Administration recently approved Rapid Medical’s TIGERTRIEVER, the first adjustable stent retriever approved in the United States, following promising results from a multi-center trial. The TIGERTRIEVER’s main advantage over current stent retrievers is that the diameter of the basket, where a clot is caught and extracted, can be adjusted via a slide on the handle of the device. This allows neuro physicians greater control over the procedure, increasing patient compatibility and potentially lowering the risk of clot fragmentation.
“Any innovations that further increase the efficacy and safety of mechanical thrombectomy are welcome. With continual improvements, mechanical thrombectomy may eventually overtake medical management as the preferred treatment for some cases," Tong said. “Additionally, while the thrombectomy market has been relatively resilient through the COVID-19 pandemic, it still experienced a drop in revenue that was potentially due to increased hospital load making it harder for operations to happen within eight hours of symptom onset. As vaccines rollout and hospitals return to business as usual, Rapid Medical has an opportunity to capitalize on the rebounding market and capture more market share during this period of recovery.”
GlobalData estimates the market was worth roughly $265 million in 2020 in the United States and will grow to $465 million in 2025.
“Mechanical thrombectomy has become increasingly popular in recent years compared to managing stroke patients using medical managements, as early clinical studies suggest that it potentially leads to improved clinical outcomes. Stent retrievers aim to trap a clot within their basket, allowing the clots to be removed from the blood vessel, while aspiration catheters rely on suction to remove the clots," said Dominic Tong, a medical devices analyst at GlobalData.
The U.S. Food and Drug Administration recently approved Rapid Medical’s TIGERTRIEVER, the first adjustable stent retriever approved in the United States, following promising results from a multi-center trial. The TIGERTRIEVER’s main advantage over current stent retrievers is that the diameter of the basket, where a clot is caught and extracted, can be adjusted via a slide on the handle of the device. This allows neuro physicians greater control over the procedure, increasing patient compatibility and potentially lowering the risk of clot fragmentation.
“Any innovations that further increase the efficacy and safety of mechanical thrombectomy are welcome. With continual improvements, mechanical thrombectomy may eventually overtake medical management as the preferred treatment for some cases," Tong said. “Additionally, while the thrombectomy market has been relatively resilient through the COVID-19 pandemic, it still experienced a drop in revenue that was potentially due to increased hospital load making it harder for operations to happen within eight hours of symptom onset. As vaccines rollout and hospitals return to business as usual, Rapid Medical has an opportunity to capitalize on the rebounding market and capture more market share during this period of recovery.”