Atherectomy Devices Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2029

Atherectomy Devices Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2029
Global Atherectomy Devices Market is estimated to value over USD 2.4 Billion by
2029 end and register a CAGR of over 6.5% during the forecast period 2019 to 2029
A growing preference for non-invasive procedures and an increasing prevalence of
target diseases are some of the crucial aspects that drive the market. Furthermore,
an increase in the geriatric population, the rising number of peripheral artery
diseases (PAD) patients propel market growth. However, lack of skilled surgeons who
can handle such non-invasive procedures can impede the market growth
significantly.
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Global Insights on Global Atherectomy Devices Market:
1. By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
North America is apprehended to dominate the market during the forecast period.
According to the centre for disease control (CDC), around 18 million cases related to
PAD are newly found every year in the US itself which increases the demand of
atherectomy devices thus motivating the market growth. An increase in accessibility
of reimbursements for atherectomy systems, rise in the patient population of
coronary artery and peripheral diseases are some of the important factors that drive
the market growth.
2. By Indication
• Coronary Artery Diseases
• Peripheral Artery Diseases
The number of coronary artery disease patients are on a rise due to unhealthy
dietary choices, sedentary lifestyle and lack of physical activity. Therefore, this
market segment is expected to witness significant growth as compared to peripheral
artery disease segment and it will achieve this growth with a high value of CAGR
during the forecast period.
3. By End User
• Hospitals
• Ambulatory Surgical Centres
• Office-based Lab
Hospital segment dominates this market segment owing to the adoption of advanced
technologies and the advent of multispecialty hospitals which makes such devices
easily accessible to patients. This trend is generally observed in developed
economies like North America and Europe due to the high spending capability of the
patient population.
4.
•
•
•
By Type
Laser Atherectomy
Directional Atherectomy
Rotational Atherectomy
Directional atherectomy segment dominate the global market due to it slow
treatment cost, minimally invasive nature and most importantly, a low recurrence of
the disease.
Prominent Players:
• Medtronic Plc.
• Boston Scientific Corp.
• Avinger Inc.
• Koninklijke Philips N.V
• Abbott Laboratories
Avinger announced their next-gen Pantheris lumivascular atherectomy system that
can be used for treating a variety of lesions like in-stent restenosis (ISR). It is a
breakthrough technology as it allows physicians to get an inside view of an artery
during an atherectomy procedure with the help of optical coherence tomography
(OCT) using Avinger’s Lightbox console.
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Competitive Landscape:
● Tier 1 players- established companies in the market with a major market share
● Tier 2 players
● Emerging players which are growing rapidly
● New Entrants
FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global atherectomy devices market
by region, by indication, by type, by end user
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America,
Europe, Asia Pacific and Middle East & Africa
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
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Global Atherectomy Devices Market is estimated to value over USD 2.4 Billion by 2029 end and register a CAGR of over 6.5% during the forecast period 2019 to 2029 A growing preference for non-invasive procedures and an increasing prevalence of target diseases are some of the crucial aspects that drive the market.