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  • 17 July 2019 22:26

Atherectomy Devices Market By Product Type, Application, End User, And Region- Global Forecast To 2028

Atherectomy Devices Market By Product Type (Directional Atherectomy, Rotational Atherectomy, And Others), By Application (Cardiovascular, Neurovascular, And Peripheral Vascular), And Region - Global Forecast To 2028

Definition:

Atherectomy devices are the devices which are specified for removing the thrombus and plaque from various contaminated pathways. Atherectomy devices are useful in active and actual treatment of both peripheral arterial and coronary disease. Atherectomy devices are aimed and designed for both cutting, vaporizing, sanding, shaving, or plaques. It is useful only for peripheral blood vessels. The global Atherectomy Devices Market is estimated to value at over US$ 1.1 Bn in 2019, and is expected to register a CAGR of 6.7%.

Atherectomy is a process that is helpful for widening the narrow arteries by removing additional plaque- by using an elastic and flexible pipe which consists of a specified angle. Atherectomy is done for restoring the blood flow to the affected organ or tissue for the patients who are affected by atherosclerosis. Atherectomy is also helpful for patients who have plaque which is too hard and solidified and desires a coronary angioplasty. Four type of atherectomy are there for the removal of the plaque such as, rotational atherectomy, directional atherectomy, laser atherectomy, and orbital atherectomy.

Global Atherectomy Devices Market: Market Dynamics

The major factor driving the growth of the atherectomy devices market is increasing occurrence of cardiovascular diseases due to usage of unhealthy diet, tobacco. However, high costs of research and development and specialty equipment for laser procedures and stringent government regulations, increasing acceptance of alternate therapies, and lack of well-trained surgeons for conducting atherectomy ways are some of the major factor expected to hamper growth of the target market over the forecast period. The occurrences of various alternate devices such as balloon angioplasty may hamper the growth for atherectomy devices market. Balloon angioplasty is also one of the useful angioplasty for widening narrowed or blocked blood vessel same as atherectomy devices.

There is a need for peripheral ways globally is increasing and resulting in major players developing and introducing new and more innovative devices. Increasing inclination for negligibly offensive surgeries over conventional surgical procedures, coupled with favorable medical settlements in various developed and developing countries. Increasing healthcare spending in developing economies, and ongoing technological advancements in medical devices and equipment.

Analysis By Segmentation:

The market report has been segmented on the basis of product type, application, end user, and region. The product type segment includes directional atherectomy, rotational atherectomy, orbital atherectomy, and laser atherectomy. The application segment includes cardiovascular, neurovascular, and peripheral vascular. The end user segment includes hospitals & surgical centers, ambulatory care centers, and research laboratories & academic institutes. The regions covered in the analysis include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

By Product Type:

The directional atherectomy segment is expected to account for highest revenue share contribution as compared to other product type segments. The laser atherectomy segment is expected to register a highest CAGR of over 7.0% over the forecast period.

By Application:

The peripheral vascular segment is expected to account for highest revenue share contribution, and is expected to register highest CAGR of over 6.6% over the forecast period.

By End User:

The hospitals and surgical centers segment is projected to account for highest revenue share, and register a CAGR of over 6.6% over the forecast period

By Region:

The market in North America accounted for highest revenue share in the global atherectomy devices market in 2018. The market in Asia Pacific is projected to register highest CAGR of over 6.9% in the global market over the forecast period.

Global Atherectomy Devices Market: Competitive Analysis

The research report on the global atherectomy devices market include profiles of some of major companies such as Abbott Laboratories., Avinger., B. Braun Group., Biomerics., Biotronik., Boston Scientific., C.R. Bard, Cardinal Health, Cardiovascular Systems, Koninklijke Philips, Medtronic, Minnetronix, Inc., RA Medical Systems, Straub Medical, and Terumo Corporation.

The Global Atherectomy Devices Market: Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global atherectomy devices market for 2018–2028.

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