Atherectomy Devices Market is set to witness a stable CAGR in the forecast period of 2019-2026
Atherectomy Devices Market By Product (Directional Atherectomy Systems, Orbital Atherectomy Systems, Photo-Ablative (Laser) Atherectomy Systems, Rotational Atherectomy Systems, Support Devices), Application (Peripheral Vascular Applications, Cardiovascular Applications, Neurovascular Applications), End- User (Hospitals & Surgical Centers, Ambulatory Care Centers, Research Laboratories & Academic Institutes), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Global atherectomy devices market is set to witness a substantial CAGR of 6.27% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing R&D activity in field of atherectomy and rising healthcare expenditure are the factor for the growth of this market.
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Market Definition: Global Atherectomy Devices Market
Atherectomy is a minimally invasive endovascular surgical process which is used to remove the atherosclerosis from blood vessels within the body. This is a substitute of angioplasty which is used for the diagnosis of peripheral artery disease. The concept of atherectomy is based on obtaining significant lumen by clearing plaque and calcified lesions from the artery which helps in restoring the blood flow of arteries. They are widely used in application such as cardiovascular, neurovascular and peripheral vascular.
Market Drivers
- Favorable scenario for medical refund will also enhance the market
- Rising demand for minimally invasive procedures will also drive the growth of this market
- Increasing product development will drive the market growth
- Growing prevalence of targeted disease will also contribute as a factor for the growth of this market
- Increasing usage of drug-coated balloons in atherectomy procedures will also drive the growth
Table of Contents
- Market Overview
- Manufacturers Profiles
- Global Atherectomy Devices Market Competitions, by Manufacturer
- Global Atherectomy Devices Market Analyses by Regions
- North America Offsite Sterilization Services by Countries
- Europe Offsite Sterilization Services by Countries
- Asia-Pacific Offsite Sterilization Services by Countries
- South America Offsite Sterilization Services by Countries
- Middle East and Africa Offsite Sterilization Services by Countries
- Global Atherectomy Devices Market Segment by Type
- Global Atherectomy Devices Market Segment by Application
- Sales Channel, Distributors, Traders and Dealers
- Research Findings and Conclusion
- Appendixes
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Key Developments in the Market:
- In June 2017, Royal Philips announced the acquisition of The Spectranetics Corporation this will help them to expand their Image-Guided Therapy Business Group. The device portfolio of Spectranetics involves a variety of laser atherectomy catheters for treating laser-energy blockages in both coronary and peripheral arteries. This acquisition will help them to strengthen their market position and expand their market
- In November 2015, The Spectranetics Corporation announced that they have received FDA clearance for Turbo-Power which is a laser atherectomy catheter which is specially designed for the treatment of in-stent restenosis (ISR) in peripheral arteries. The Turbo-Power catheter is intended to treat the maximum luminal increase at the tip with vaporizing technology
Competitive Analysis:
Global atherectomy devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of atherectomy devices market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global atherectomy devices market are Koninklijke Philips N.V., Medtronic, Cardiovascular Systems, Inc., Boston Scientific Corporation, BD, STRAUB MEDICAL AG, Biomerics, Ra Medical Systems, VOLCANO CORPORATION., Avinger, Abbott, Cardinal Health., Eximo Medical Ltd, Terumo Europe NV, among others.
Market Segment by Regions, regional analysis covers:
- North America (USA, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Reasons to Purchase this Report
- Current and future of global atherectomy devices market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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