Both intravenous thrombolysis (IVT) and mechanical thrombectomy (MT) were recommended for treating acute ischemic stroke (AIS) by clinical guidelines. ReVive SE® is an innovative MT device with demonstrated clinical value, however, its economic evaluation in China is limited. The study aims to determine the cost-effectiveness of ReVive SE® versus IVT in AIS patients from a payer's perspective in China. A two-part model was developed to estimate the cost-effectiveness of ReVive SE® versus IVT. The short-term part (90 days) was a decision-tree that included three health states based on the modified Rankin Scale (mRS) score after treatment: independence (mRS=0-2), disability (mRS=3-5) and death (mRS=6). The long-term (lifetime) part was a Markov model that included four states: independence, disability, stroke recurrence, and death. Clinical efficacy, utility and cost data were obtained from Chinese ReVive SE® registry study and published literature. The model calculated quality-adjusted life years (QALYs) and total costs per patient. Costs and QALYs were discounted by 3.5% annually. Both one-way sensitivity analysis and probabilistic sensitivity analysis were conducted. The incremental cost-effectiveness ratios (ICERs) for ReVive SE® vs. IVT groups were ¥66,355/QALY, ¥39,062/QALY, and ¥35,305/QALY, respectively for 5-year, 15-year, and lifetime horizon. The ICER became lower than the recommended cost-effectiveness threshold (3 times of gross domestic product per capita, ¥161,940) beginning at the 1 year following the procedure till lifetime. Both one-way and probabilistic sensitivity analysis confirmed the robustness of the results. With the 3 times of gross domestic product threshold, ReVive SE ® is 87.46% cost-effective compared with IVT for lifetime horizon in the model. MT with ReVive SE® is a cost-effective treatment of AIS in China compared to IVT. This evidence supports the broad clinical application of MT with ReVive SE® over IVT. With caregivers’ costs unmeasured, ReVive SE® could be even more cost-effective.