Atherectomy Devices Market Research Report 2027 Observational Studies with Key Vendors
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.
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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.
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.
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.
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