The global demand for Atherectomy Devices Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Atherectomy devices are minimally-invasive instruments (MI) used for removing atherosclerotic plaques and thrombus localized in peripheral or coronary arteries. The devices are used for drilling, shaping, cutting, grinding, vaporizing, or sanding the plaques. It makes use of spinning blades, grinding burrs, and laser lights to take out all the calcified deposits and excess cellular material from vessels or coronary occlusion sites. The devices can be categorized into four types, namely rotational, directional, orbital, and laser, and the doctor decides the type of device to be used. Atherectomy devices are used for treating peripheral artery disease and coronary artery disease. The devices are widely used in hospitals, ambulatory care centers, and surgical centers.
Market Dynamics
The key drivers for atherectomy devices market growth are increasing incidence of peripheral and coronary artery disease and growing inclination towards minimally-invasive surgeries owing to shorter hospital stays and faster recovery. Increased spending on healthcare, favorable reimbursement policies, surge in research and development activities related to atherectomy, and development of technologically advanced atherectomy devices are expected to boost atherectomy devices market significantly. Furthermore, partnerships between firms manufacturing atherectomy devices and international distributors and the high success rate of atherectomy devices will also contribute to market growth. However, postsurgical complications and a dearth of trained and experienced medical practitioners may restrict atherectomy device market growth
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of atherectomy devices. The growth and trends of atherectomy devices industry provide a holistic approach to this study.
Market Segmentation
This section of the atherectomy devices market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Directional Atherectomy Devices
- Orbital Atherectomy Devices
- Photo-Ablative Atherectomy Devices
- Rotational Atherectomy Devices
- Support Devices
By Application
- Peripheral Vascular
- Cardiovascular
- Neurovascular
By End User
- Hospitals & Surgical Centers
- Ambulatory Care Centers
- Research Laboratories & Academic Institutes
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Atherectomy Devices market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Atherectomy Devices Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the atherectomy devices market include Abbott Laboratories, B. Braun Melsungen AG, Boston Scientific, C.R. Bard, Cardinal Health Inc., Koninklijke Philips NV, Medtronic PLC, Terumo Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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