Plaque and Thrombus Management Devices Market

Plaque and Thrombus Management Devices Market: Introduction

• Plaque is a small patch of tissue on any part of the body or an organ due to continuous growth of cells at that site. Plaque can also be a buildup of substances from a fluid such as cholesterol in the blood vessels. These structures block the arteries, which obstruct the blood flow and results in several health problems such as hypertension, which in turn leads to heart attacks and strokes.
• A thrombus is a blood clot formed on the inner lining of the blood vessels, which is commonly known as thrombosis. Obstructed blood flow, overweight, and immobility for a long duration are major reasons for improper blood circulation and clot formation. These clots when they break free can move easily from the bloodstream to the lungs, resulting in a condition known as pulmonary embolism.

Key Drivers and Restraints of Global Plaque and Thrombus Management Devices Market

• Consistent increase in incidence of cardiovascular and lifestyle-related diseases such as heart disease, stroke, peripheral artery and hypertensive heart disease due to improper lifestyle habits such as regular consumption of high fat diet, less consumption of low fiber diet, lack of exercise, excess alcohol consumption, smoking habits, and diabetes lead to hardening of arteries even at a younger age, which is one of the causes for cholesterol formation, leads to thrombus formation. This is a key factor driving the plaque and thrombus management devices market.
• Increase in research & development initiatives in the healthcare sector, increase in funding from governments, and technological advancements in the field of medical sciences and diagnostics are also major factors that boost the market
• Lack of awareness among people about the use of different devices for the diagnosis of plaque and thrombus are major factors that are anticipated to hamper the global plaque and thrombus management devices market

Magnetic Resonance Arteriography Segment to Lead Global Plaque and Thrombus Management Devices Market

• Based on diagnosis device type, the global plaque and thrombus management devices market can be divided into magnetic resonance arteriography (MRA), CT angiography, and arteriograms.
• The MRA segment is expected to dominate the global market due to efficacy and accuracy of the diagnostic technique used to detect the disease indication and very less chance of false positive results to occur.

Hospitals Segment to Expand Significantly

• Based on end user, the global plaque and thrombus management devices market can be segregated into hospitals, diagnostic centers, ambulatory surgical centers, and others
• The hospitals segment dominated the global plaque and thrombus management devices market due to percentage increase in number of serious cases such as patients suffering from heart attack and stroke coming to hospitals and the facilities provided in hospitals such as different diagnostic tests, isolation wards, and other healthcare infrastructure facilities.

North America to Dominate Global Plaque and Thrombus Management Devices Market

• In terms of region, the global plaque and thrombus management devices market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• North America held a notable share of the global plaque and thrombus management devices market in 2020, followed by Europe. Rise in the number of chronic cardiovascular, plaque and thrombotic disorders with their Increasing prevalence among patients in North America, technological advancements, increase in research and development in healthcare sector followed by increased funding from government and large corporates making huge amount of investments are attributed to the prominent share held by North America.

Key Manufacturers Operating in Market

The global plaque and thrombus management devices market was highly fragmented in 2020. Key manufacturers operating in the global market are:

• Boston Scientific Corporation
• Medtronic, Inc
• Abbott Laboratories
• Edwards Lifesciences Corporation
• Siemen’s healthineers
• Canon Medical Systems
• Bayer HealthCare LLC
• Quonhealthcare Company Limited

Global Plaque and Thrombus Management Devices Market: Research Scope

Global Plaque and Thrombus Management Devices Market, by Diagnosis Device Type

• Magnetic resonance arteriography (MRA)
• CT angiography
• Arteriograms

Global Plaque and Thrombus Management Devices Market, by Treatment Device Type

• Thrombectomy devices
• Atherectomy devices
• Chronic total occlusion devices
• Embolic protection devices

Global Plaque and Thrombus Management Devices Market, by End-user

• Hospitals
• Diagnostic Centers
• Ambulatory Surgical Centers
• Others

Global Plaque and Thrombus Management Devices Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa