Product Code: ETC8848417 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The demand for peripheral vascular thrombectomy devices in the Philippines is increasing as a result of the rising cases of deep vein thrombosis (DVT) and other vascular conditions. Minimally invasive thrombectomy procedures are gaining popularity due to their efficacy in restoring blood flow and reducing the risk of complications. The availability of advanced mechanical and aspiration thrombectomy devices is expanding treatment options for patients. However, affordability and accessibility to these devices remain challenges in certain regions of the country.
The rising burden of thrombotic disorders, such as deep vein thrombosis and pulmonary embolism, is propelling the demand for thrombectomy devices in the Philippines. Increasing awareness among healthcare providers about the importance of timely clot removal and advancements in device technology, such as catheter-based systems, are driving market growth. Moreover, the increasing adoption of minimally invasive procedures and improvements in healthcare access are supporting the market`s expansion.
The Philippines peripheral vascular thrombectomy devices market faces challenges stemming from the high cost of advanced thrombectomy devices and limited access to cutting-edge medical technologies in rural regions. Many hospitals struggle to afford the latest thrombectomy devices, leading to disparities in patient care. There is also a need for more trained professionals in thrombectomy procedures, which can limit the adoption of these technologies. The lack of awareness among patients about the benefits of thrombectomy as a treatment for peripheral artery diseases is another challenge, as this can hinder early diagnosis and intervention.
With the rise in vascular-related health conditions, the thrombectomy devices market in the Philippines presents several investment opportunities. Investors can focus on developing and introducing advanced thrombectomy devices that offer minimally invasive procedures and faster recovery times. Opportunities also exist in establishing local manufacturing to reduce costs and ensure timely availability. Hospitals and healthcare systems could invest in upgrading equipment and expanding vascular care units to cater to a growing patient population. Moreover, investing in education and training programs for medical professionals on the latest thrombectomy techniques can open doors to long-term growth.
The Philippine governments focus on non-communicable disease management includes policies that improve access to thrombectomy devices for stroke and vascular conditions. The Department of Health (DOH) implements programs to enhance stroke care, which indirectly supports the demand for thrombectomy procedures. FDA regulations ensure the quality and efficacy of these devices, while reimbursement policies under PhilHealth help offset treatment costs for patients. However, limited specialized facilities and funding constraints in public hospitals hinder widespread adoption.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Peripheral Vascular Thrombectomy Devices Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Peripheral Vascular Thrombectomy Devices Market - Industry Life Cycle |
3.4 Philippines Peripheral Vascular Thrombectomy Devices Market - Porter's Five Forces |
3.5 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.7 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Philippines Peripheral Vascular Thrombectomy Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Peripheral Vascular Thrombectomy Devices Market Trends |
6 Philippines Peripheral Vascular Thrombectomy Devices Market, By Types |
6.1 Philippines Peripheral Vascular Thrombectomy Devices Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, By Aspiration Thrombectomy Devices, 2021- 2031F |
6.1.4 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, By Ultrasonic Thrombectomy Devices, 2021- 2031F |
6.1.5 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, By Mechanical Thrombectomy Devices, 2021- 2031F |
6.1.6 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Philippines Peripheral Vascular Thrombectomy Devices Market, By Device Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, By Angioplasty Balloons, 2021- 2031F |
6.2.3 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, By Angioplasty Stents, 2021- 2031F |
6.2.4 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, By Catheters, 2021- 2031F |
6.2.5 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, By EVAR Stent Grafts, 2021- 2031F |
6.2.6 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, By Inferior Vena Cava Filters, 2021- 2031F |
6.2.7 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, By Plaque Modification Devices, 2021- 2031F |
6.2.8 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, By Other Devices, 2021- 2031F |
6.2.9 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, By Other Devices, 2021- 2031F |
6.3 Philippines Peripheral Vascular Thrombectomy Devices Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.3.3 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, By Clinics, 2021- 2031F |
6.3.4 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, By Ambulatory Clinics, 2021- 2031F |
6.3.5 Philippines Peripheral Vascular Thrombectomy Devices Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Peripheral Vascular Thrombectomy Devices Market Import-Export Trade Statistics |
7.1 Philippines Peripheral Vascular Thrombectomy Devices Market Export to Major Countries |
7.2 Philippines Peripheral Vascular Thrombectomy Devices Market Imports from Major Countries |
8 Philippines Peripheral Vascular Thrombectomy Devices Market Key Performance Indicators |
9 Philippines Peripheral Vascular Thrombectomy Devices Market - Opportunity Assessment |
9.1 Philippines Peripheral Vascular Thrombectomy Devices Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Philippines Peripheral Vascular Thrombectomy Devices Market Opportunity Assessment, By Device Type, 2021 & 2031F |
9.3 Philippines Peripheral Vascular Thrombectomy Devices Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Philippines Peripheral Vascular Thrombectomy Devices Market - Competitive Landscape |
10.1 Philippines Peripheral Vascular Thrombectomy Devices Market Revenue Share, By Companies, 2024 |
10.2 Philippines Peripheral Vascular Thrombectomy Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |