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

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%. The report offers in-depth insights, revenue details, and other vital information regarding the global atherectomy devices market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2028. The report also offers insightful and detailed information regarding the various key players operating in the global atherectomy devices market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global atherectomy devices market report has been segmented on the basis of product type, application, end user, and region

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.

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.

Increasing technological improvements in the healthcare sector coupled with rising awareness regarding advantages of atherectomy systems such as less revascularization rates, high efficiency, and short procedure time. Large establishments and enterprises are entering the atherectomy devices market by deliberately increasing their reach through achievements and mergers. This is one of the major trend observed in the global atherectomy market at the forecast period.

High costs of specialty and research and development equipment for laser processes that can restrain growth of the global atherectomy devices market. However, technology drive trends leading to do-it-yourself diagnostic tools are expected to aid growth of the market by lowering portion of the costs.

The presence of a big aim patient pool which suffers from various peripheral artery diseases (PAD) and patients that need central vascular access in outpatients, operation theatres, CathLabs, and ICUs, is likely to present abundant growth opportunities for manufacturers in the global atherectomy devices market.

Global Market Analysis by Product type:

Among the product type, the directional atherectomy segment is expected to give major revenue share in the global atherectomy devices market. The laser atherectomy segment is expected to register a highest CAGR of over 7.0% over the forecast period. This is primarily attributed to best suitable to clinical benefits offered and ongoing increasing technological developments in the field of directional atherectomy.

Global Market Analysis by Application:

Among all the application segments, the peripheral segment is expected to contribute major revenue share in the global atherectomy devices market and is expected to register highest CAGR of over 6.6%, in terms of revenue over the forecast period. This can be attributed to growing patient inclination towards significantly invasive surgical procedures over the forecast period.

Global Market Analysis by End User:

Among all the end user segments, the hospitals and surgical centers segment is expected to contribute major revenue share in the global atherectomy devices market and is expected to register highest CAGR of over 6.6%, in terms of revenue over the forecast period. This can be attributed to increasing acceptance of atherectomy for cardiac & peripheral vascular disease treatment over the forecast period.

Global Market Analysis by Region:

Asia Pacific market is expected to dominate the global atherectomy devices market, and is expected to account for largest revenue share as compared to that of markets in other regions. The major driving factors for growth of the atherectomy devices market in this region is Socioeconomic shifts, sedentary lifestyle and increase in chronic cardiovascular diseases and rowing adoption of atherectomy devices among medical professionals, large patient population of peripheral & coronary artery diseases, and growing number of clinical trials.

In addition, the preference for minimally invasive surgical procedures is high are factors expected to support growth of the market in Europe, and in turn is expected to drive growth of the global Atherectomy Devices market.

Asia Pacific is projected to register highest CAGR of over 6.9% in the global atherectomy devices market over the forecast period. This is primarily attributed to growing adoption of atherectomy devices among medical professionals, increasing availability of damages for atherectomy devices, in countries in this region.

Global Atherectomy Devices Market Segmentation:

Global Atherectomy Devices Market Segmentation by product type:

• Directional Atherectomy
• Rotational Atherectomy
• Orbital Atherectomy
• Laser Atherectomy

Global Atherectomy Devices Market Segmentation by application:

• Cardiovascular
• Neurovascular
• Peripheral Vascular

Global Atherectomy Devices Market Segmentation by end user:

• Hospitals & Surgical Centers
• Ambulatory Care Centers
• Research Laboratories & Academic Institutes

Global Atherectomy Devices Market Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa