Atherectomy Devices Market Analysis
The atherectomy devices market is likely to grow at a 6.12% CAGR between 2018-2023, reveals the new Market Research Future (MRFR) report. Atherectomy devices are widely used to treat peripheral arterial disease and coronary disease. Every device is designed differently to vaporize, sand, shave, or cut plaques, resting on their characteristics. Rotational atherectomy systems, photo-ablative atherectomy systems, orbital atherectomy systems, and directional atherectomy systems are the four most widely used atherectomy devices.
Numerous factors are adding to the global atherectomy devices market. Such factors, according to the recent MRFR report, include strengthening distribution channels of leading product manufacturers, burgeoning demand for atherectomy procedures that are minimally invasive, favorable medical reimbursements, commercialization, and continuous product development, and rising target patient population. Additional factors adding to the global atherectomy devices market growth include increasing investments by government organizations, untapped market opportunities, especially in emerging countries, rising prevalence of various neurovascular and cardiovascular diseases (peripheral artery disease), and growing healthcare expenditure.
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On the contrary, scarcity of skilled medical professionals and post-operative complications are factors that may limit the global atherectomy devices market growth over the forecast period.
Atherectomy Devices Market Segmentation
The Market Research Future Report provides an inclusive segmental analysis of the global atherectomy devices market based on application, product type, and end user.
By product type, the atherectomy devices market is segmented into rotational atherectomy systems, photo-ablative atherectomy systems, orbital atherectomy systems, directional atherectomy systems, and others. Rotational atherectomy systems allow percutaneous coronary intervention, especially for calcified coronary lesions that are complex. It functions on the differential cutting principle and preferentially ablates inelastic, hard, calcified plaque. The photo-ablative atherectomy systems help in vaporizing the plaque. The orbital atherectomy system helps to continuously clear plaque by pulverizing into small particles. The directional atherectomy system helps to remove the plaque by cutting through one direction. Of these, directional atherectomy systems will lead the market over the forecast period.
By application, the global atherectomy devices market is segmented into peripheral vascular, neurovascular, cardiovascular, and others. Of these, the peripheral vascular segment will dominate the market over the forecast period.
By end user, the global atherectomy devices market is segmented into ambulatory surgery centers, hospitals, and others. Of these, hospitals is likely to have a major share in the market over the forecast period.
Atherectomy Devices Market Regional Analysis
By region, the global atherectomy devices market covers the growth opportunities and recent trends across Europe, the Americas, the Middle East & Africa (MEA), and the Asia Pacific (APAC). Of these, the Americas will dominate the market over the forecast period. Factors adding to the growth of the atherectomy devices market in the region include increasing awareness among medical professionals about high-end atherectomy devices and a rise in research funding.
The atherectomy devices market in Europe is predicted to hold the second-largest share over the forecast period for the growing healthcare infrastructure, favorable initiatives undertaken by private and public organizations and demand for minimally invasive surgical procedures.
The atherectomy devices market in the APAC region is predicted to grow at a quick pace over the forecast period for technological advances resulting in the creation of affordable atherectomy devices.
The atherectomy devices market in the MEA will have a small share over the forecast period for fewer initiatives undertaken by the government and the presence of several economically diverse countries.
Atherectomy Devices Market Analysis
The atherectomy devices market is likely to grow at a 6.12% CAGR between 2018-2023, reveals the new Market Research Future (MRFR) report. Atherectomy devices are widely used to treat peripheral arterial disease and coronary disease. Every device is designed differently to vaporize, sand, shave, or cut plaques, resting on their characteristics. Rotational atherectomy systems, photo-ablative atherectomy systems, orbital atherectomy systems, and directional atherectomy systems are the four most widely used atherectomy devices.
Numerous factors are adding to the global atherectomy devices market. Such factors, according to the recent MRFR report, include strengthening distribution channels of leading product manufacturers, burgeoning demand for atherectomy procedures that are minimally invasive, favorable medical reimbursements, commercialization, and continuous product development, and rising target patient population. Additional factors adding to the global atherectomy devices market growth include increasing investments by government organizations, untapped market opportunities, especially in emerging countries, rising prevalence of various neurovascular and cardiovascular diseases (peripheral artery disease), and growing healthcare expenditure.
On the contrary, scarcity of skilled medical professionals and post-operative complications are factors that may limit the global atherectomy devices market growth over the forecast period.
Atherectomy Devices Market Segmentation
The Market Research Future Report provides an inclusive segmental analysis of the global atherectomy devices market based on application, product type, and end user.
By product type, the atherectomy devices market is segmented into rotational atherectomy systems, photo-ablative atherectomy systems, orbital atherectomy systems, directional atherectomy systems, and others. Rotational atherectomy systems allow percutaneous coronary intervention, especially for calcified coronary lesions that are complex. It functions on the differential cutting principle and preferentially ablates inelastic, hard, calcified plaque. The photo-ablative atherectomy systems help in vaporizing the plaque. The orbital atherectomy system helps to continuously clear plaque by pulverizing into small particles. The directional atherectomy system helps to remove the plaque by cutting through one direction. Of these, directional atherectomy systems will lead the market over the forecast period.
By application, the global atherectomy devices market is segmented into peripheral vascular, neurovascular, cardiovascular, and others. Of these, the peripheral vascular segment will dominate the market over the forecast period.
By end user, the global atherectomy devices market is segmented into ambulatory surgery centers, hospitals, and others. Of these, hospitals is likely to have a major share in the market over the forecast period.
Atherectomy Devices Market Regional Analysis
By region, the global atherectomy devices market covers the growth opportunities and recent trends across Europe, the Americas, the Middle East & Africa (MEA), and the Asia Pacific (APAC). Of these, the Americas will dominate the market over the forecast period. Factors adding to the growth of the atherectomy devices market in the region include increasing awareness among medical professionals about high-end atherectomy devices and a rise in research funding.
The atherectomy devices market in Europe is predicted to hold the second-largest share over the forecast period for the growing healthcare infrastructure, favorable initiatives undertaken by private and public organizations and demand for minimally invasive surgical procedures.
The atherectomy devices market in the APAC region is predicted to grow at a quick pace over the forecast period for technological advances resulting in the creation of affordable atherectomy devices.
The atherectomy devices market in the MEA will have a small share over the forecast period for fewer initiatives undertaken by the government and the presence of several economically diverse countries.
Atherectomy Devices Market Key Players
Notable players profiled in the global atherectomy devices market report include Cardinal Health, Straub Medical, Koninklijke Philips, B. Braun Melsungen AG, Boston Scientific Corporation, Minnetronix, Inc., Avinger, Biotronik, Abbott, C.R. Bard, Biomerics, and others. Industry players have adopted strategies such as strategic alliances, extensive research, and development activities, joint ventures, collaborations, and new product launches to stay ahead in the competition.
Atherectomy Devices Market Key Players
Notable players profiled in the global atherectomy devices market report include Cardinal Health, Straub Medical, Koninklijke Philips, B. Braun Melsungen AG, Boston Scientific Corporation, Minnetronix, Inc., Avinger, Biotronik, Abbott, C.R. Bard, Biomerics, and others. Industry players have adopted strategies such as strategic alliances, extensive research, and development activities, joint ventures, collaborations, and new product launches to stay ahead in the competition.
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