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Global Recanalization Devices Market Size Study & Forecast, by Product (Catheters, Stents, Balloons, Guidewires, Others) By Application (Fallopian Tube Recanalization, Endovascular Recanalization, Others), By End User (Hospitals, Specialty Clinics, Others) and Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: G293BB9E2F6EEN
Bizwit Research & Consulting LLP

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Global Recanalization Devices Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Recanalization devices are tools used in the field of medicine, particularly in interventional radiology and vascular surgery, to reopen or restore the patency of blood vessels that have become blocked or narrowed due to disease or other conditions. These devices are designed to navigate through the blood vessels to the site of obstruction or stenosis, where they can mechanically remove or push aside the blockage, allowing blood flow to resume. The Recanalization Devices market is expanding because of factors such as the increasing prevalence of cardiovascular diseases, rising awareness and screening programs for vascular disease, and the growing geriatric population.

As the global population ages and lifestyles change, the incidence of cardiovascular diseases such as coronary artery disease, peripheral artery disease, and stroke is rising. This trend creates a growing demand for recanalization devices to treat blocked or narrowed blood vessels. The rising prevalence of cardiovascular diseases not only increases the demand for recanalization devices but also underscores the importance of innovation in this field. Thus, the rising prevalence of cardiovascular diseases is fueling the demand for recanalization devices as healthcare systems seek effective solutions to address the growing burden of these conditions. This trend is expected to drive continued growth and expansion of the recanalization devices market in the coming years. The Centers for Disease Control and Prevention (CDC) 2022 report states that in 2020, 20.1 million persons aged 20 and older had coronary artery disease. Furthermore, the same report stated that every year about 805,000 Americans have a heart attack which is projected to reach 13,000,000 by the year 2060. Thus, the rising prevalence of cardiac vascular disease is driving the market growth. In addition, rising preference towards minimally invasive techniques and rising technological advancement in devices are creating new opportunities for market growth. However, the high cost of recanalization devices and limited reimbursement policy stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Recanalization Devices Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022. North America is projected to maintain its leading position in the recanalization devices market throughout the forecast period. This dominance stems from the region's robust presence of well-established players engaged in manufacturing, developing, and bringing recanalization devices to market for addressing endovascular and fallopian tube conditions. Additionally, the prevalence of an aging population in North America significantly elevates the occurrence of such conditions, thereby fostering greater adoption of recanalization devices in this geographical area. Asia Pacific is expected to grow at the fastest rate during the forecast period, owing to factors such as e rising healthcare expenditure observed in countries like India and China. Furthermore, government agencies and employer-sponsored health insurance initiatives aimed at offering advanced treatments for cardiovascular diseases, which often necessitate the use of recanalization devices, are propelling market growth in this region.

Major market players included in this report are:

Medtronic plc

Boston Scientific Corporation

Abbott Laboratories

Terumo Corporation

Cook Medical LLC

Cordis Corporation (a Cardinal Health company)

Johnson & Johnson

Penumbra, Inc.

Stryker Corporation

BTG International Ltd.

Recent Developments in the Market:
  • In June 2023, MicroVention Inc., a subsidiary of Terumo Medical Corporation, introduced its Eric retrieval device in the U.S. market for treating ischemic stroke. The device had previously obtained clearance from the U.S. FDA 510(k) in March 2022. This expands the range of treatment options available within the recanalization devices market, potentially leading to increased adoption by healthcare providers.
  • In February 2022, CERENOVUS, a division of Johnson & Johnson Services, Inc., unveiled EMBOGUARD, a cutting-edge balloon guide catheter designed for use in various endovascular procedures, particularly in individuals experiencing acute ischemic stroke. The introduction of EMBOGUARD represents a technological advancement in the field of recanalization devices. Its innovative features and capabilities may set a new standard for performance, prompting competitors to invest in research and development to stay competitive. This could lead to overall advancements in recanalization device technology.
Global Recanalization Devices Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Product, Application, End User, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent to up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

Catheters

Stents

Balloons

Guidewires

Others

By Application:

Fallopian Tube Recanalization

Endovascular Recanalization

Others

By End User:

Hospitals

Specialty Clinics

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Recanalization Devices Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Recanalization Devices Market, by Product, 2020-2030 (USD Billion)
  1.2.3. Recanalization Devices Market, by Application, 2020-2030 (USD Billion)
  1.2.4. Recanalization Devices Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL RECANALIZATION DEVICES MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL RECANALIZATION DEVICES MARKET DYNAMICS

3.1. Recanalization Devices Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing Prevalence of Cardiovascular Diseases
    3.1.1.2. Rising Awareness and Screening Programs for Vascular Diseases
    3.1.1.3. Growing Geriatric Population
  3.1.2. Market Challenges
    3.1.2.1. High Cost of Recanalization Devices
    3.1.2.2. Limited Reimbursement Policy
  3.1.3. Market Opportunities
    3.1.3.1. Rising Preference Towards Minimally Invasive Techniques
    3.1.3.2. Rising Technological Advancement

CHAPTER 4. GLOBAL RECANALIZATION DEVICES MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL RECANALIZATION DEVICES MARKET, BY PRODUCT

5.1. Market Snapshot
5.2. Global Recanalization Devices Market by Product, Performance - Potential Analysis
5.3. Global Recanalization Devices Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Recanalization Devices Market, Sub Segment Analysis
  5.4.1. Catheters
  5.4.2. Stents
  5.4.3. Balloons
  5.4.4. Guidewires
  5.4.5. Others

CHAPTER 6. GLOBAL RECANALIZATION DEVICES MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Recanalization Devices Market by Application, Performance - Potential Analysis
6.3. Global Recanalization Devices Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Recanalization Devices Market, Sub Segment Analysis
  6.4.1. Fallopian Tube Recanalization
  6.4.2. Endovascular Recanalization
  6.4.3. Others

CHAPTER 7. GLOBAL RECANALIZATION DEVICES MARKET, BY END USER

7.1. Market Snapshot
7.2. Global Recanalization Devices Market by End User, Performance - Potential Analysis
7.3. Global Recanalization Devices Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
7.4. Recanalization Devices Market, Sub Segment Analysis
  7.4.1. Hospitals
  7.4.2. Specialty Clinics
  7.4.3. Others

CHAPTER 8. GLOBAL RECANALIZATION DEVICES MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Recanalization Devices Market, Regional Market Snapshot
8.4. North America Recanalization Devices Market
  8.4.1. U.S. Recanalization Devices Market
    8.4.1.1. Product breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
    8.4.1.3. End User breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Recanalization Devices Market
8.5. Europe Recanalization Devices Market Snapshot
  8.5.1. U.K. Recanalization Devices Market
  8.5.2. Germany Recanalization Devices Market
  8.5.3. France Recanalization Devices Market
  8.5.4. Spain Recanalization Devices Market
  8.5.5. Italy Recanalization Devices Market
  8.5.6. Rest of Europe Recanalization Devices Market
8.6. Asia-Pacific Recanalization Devices Market Snapshot
  8.6.1. China Recanalization Devices Market
  8.6.2. India Recanalization Devices Market
  8.6.3. Japan Recanalization Devices Market
  8.6.4. Australia Recanalization Devices Market
  8.6.5. South Korea Recanalization Devices Market
  8.6.6. Rest of Asia Pacific Recanalization Devices Market
8.7. Latin America Recanalization Devices Market Snapshot
  8.7.1. Brazil Recanalization Devices Market
  8.7.2. Mexico Recanalization Devices Market
8.8. Middle East & Africa Recanalization Devices Market
  8.8.1. Saudi Arabia Recanalization Devices Market
  8.8.2. South Africa Recanalization Devices Market
  8.8.3. Rest of Middle East & Africa Recanalization Devices Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Medtronic plc
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Boston Scientific Corporation
  9.3.3. Abbott Laboratories
  9.3.4. Terumo Corporation
  9.3.5. Cook Medical LLC
  9.3.6. Cordis Corporation (a Cardinal Health company)
  9.3.7. Johnson & Johnson
  9.3.8. Penumbra, Inc.
  9.3.9. Stryker Corporation
  9.3.10. BTG International Ltd

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Recanalization Devices Market, report scope
TABLE 2. Global Recanalization Devices Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Recanalization Devices Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 4. Global Recanalization Devices Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Recanalization Devices Market estimates & forecasts by End User 2020-2030 (USD Billion)
TABLE 6. Global Recanalization Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Recanalization Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Recanalization Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Recanalization Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Recanalization Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Recanalization Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Recanalization Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Recanalization Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Recanalization Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Recanalization Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Recanalization Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Recanalization Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of Global Recanalization Devices Market
TABLE 71. List of primary sources, used in the study of Global Recanalization Devices Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Recanalization Devices Market, research methodology
FIG 2. Global Recanalization Devices Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Recanalization Devices Market, key trends 2022
FIG 5. Global Recanalization Devices Market, growth prospects 2023-2030
FIG 6. Global Recanalization Devices Market, porters 5 force model
FIG 7. Global Recanalization Devices Market, pest analysis
FIG 8. Global Recanalization Devices Market, value chain analysis
FIG 9. Global Recanalization Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Recanalization Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Recanalization Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Recanalization Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Recanalization Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Recanalization Devices Market, regional snapshot 2020 & 2030
FIG 15. North America Recanalization Devices Market 2020 & 2030 (USD Billion)
FIG 16. Europe Recanalization Devices Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific Recanalization Devices Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Recanalization Devices Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Recanalization Devices Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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