Global 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 and Surgical Centers, Ambulatory Care Centers, Research Laboratories and Academic Institutes), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Global atherectomy devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to witness a substantial CAGR of 6.55% in the forecast period of 2021- 2028.
Atherectomy is a surgical procedure which uses catheter with a sharp blade to remove the atherosclerosis/ plaque from blood vessels in a body. It is basically a minimally invasive endovascular surgical procedure which is performed under local anaesthesia. 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.
Surging volume of patients suffering from the targeted diseases such as Peripheral Artery Diseases (PADs) and Coronary Artery Diseases (CADs) is expected to have a significant impact on the growth of the market. Additionally, the increasing usage of drug-coated balloons and the rising demand for minimally invasive procedures also contribute to the growth of market. However, the dearth of skilled and trained professionals and dearth of level 1 evidence for atherectomy is anticipated to hamper the market’s growth. Moreover, the innovations and advancements of technologies provided by the different market players currently established, which are focused on constant upgradations of technologies to improve the quality of healthcare being provided to the different patients is projected to generate new opportunities for the market in forecast period.
On the other hand, the presence of alternative devices such as balloon angioplasty and limited awareness among population regarding the disease diagnoses is expected to challenge the growth of market.
This atherectomy devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research atherectomy devices market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Atherectomy Devices Market Scope and Market Size
Atherectomy devices market is segmented on the basis of product, applications and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the atherectomy devices market is segmented into directional atherectomy systems, orbital atherectomy systems, photo-ablative/laser atherectomy systems, rotational atherectomy systems and support devices.
- On the basis of applications, the atherectomy devices market is segmented into peripheral vascular applications, cardiovascular applications and neurovascular applications.
- On the basis of end-user, the atherectomy devices market is segregated into hospitals and surgical centres, ambulatory care centres and research laboratories and academic institutes.
Atherectomy Devices Market Country Level Analysis
Atherectomy devices market is analysed and market size insights and trends are provided by product, applications and end use as referenced above.
The countries covered in the atherectomy devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the atherectomy devices market due to the well-developed healthcare infrastructure and the growing awareness about the high-end atherectomy devices among medical professionals. Asia-Pacific, on the other hand, is expected to show the most lucrative growth rate in the forecast period of 2021 to 2028 due to the high acceptance rate for the devices and increasing prevalence of targeted diseases.
The country section of the atherectomy devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Atherectomy devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for atherectomy devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the atherectomy devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Atherectomy Devices Market Share Analysis
Atherectomy devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to atherectomy devices market.
The major players covered in the atherectomy devices market report are Koninklijke Philips N.V., Medtronic, Cardiovascular Systems Inc., Boston Scientific Corporation, BD, STRAUB MEDICAL AG, Biomerics, Ra Medical Systems, VOLCANO CORPORATION., Medtronic, Avinger, Abbott, Cardinal Health., Eximo Medical Ltd, Terumo Europe NV, Minnetronix Medical, Biomerics, Abbott, and Avinger among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.