Global Insights on Global Atherectomy Devices Market
Leeds, UK -- (SBWIRE) -- 07/12/2019 -- Global Atherectomy Devices Market is estimated to value over USD 2.4 Billion by 2029 end and register a CAGR of over 6.5% during the forecast period 2019 to 2029
A growing preference for non-invasive procedures and an increasing prevalence of target diseases are some of the crucial aspects that drive the market. Furthermore, an increase in the geriatric population, the rising number of peripheral artery diseases (PAD) patients propel market growth. However, lack of skilled surgeons who can handle such non-invasive procedures can impede the market growth significantly.
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Global Insights on Global Atherectomy Devices Market:
1. By Region
- North America
- Asia Pacific
- Middle East & Africa
North America is apprehended to dominate the market during the forecast period. According to the centre for disease control (CDC), around 18 million cases related to PAD are newly found every year in the US itself which increases the demand of atherectomy devices thus motivating the market growth. An increase in accessibility of reimbursements for atherectomy systems, rise in the patient population of coronary artery and peripheral diseases are some of the important factors that drive the market growth.
2. By Indication
- Coronary Artery Diseases
- Peripheral Artery Diseases
The number of coronary artery disease patients are on a rise due to unhealthy dietary choices, sedentary lifestyle and lack of physical activity. Therefore, this market segment is expected to witness significant growth as compared to peripheral artery disease segment and it will achieve this growth with a high value of CAGR during the forecast period.
3. By End User
- Ambulatory Surgical Centres
- Office-based Lab
Hospital segment dominates this market segment owing to the adoption of advanced technologies and the advent of multispecialty hospitals which makes such devices easily accessible to patients. This trend is generally observed in developed economies like North America and Europe due to the high spending capability of the patient population.
4. By Type
- Laser Atherectomy
- Directional Atherectomy
- Rotational Atherectomy
Directional atherectomy segment dominate the global market due to it slow treatment cost, minimally invasive nature and most importantly, a low recurrence of the disease.
- Medtronic Plc.
- Boston Scientific Corp.
- Avinger Inc.
- Koninklijke Philips N.V
- Abbott Laboratories
Avinger announced their next-gen Pantheris lumivascular atherectomy system that can be used for treating a variety of lesions like in-stent restenosis (ISR). It is a breakthrough technology as it allows physicians to get an inside view of an artery during an atherectomy procedure with the help of optical coherence tomography (OCT) using Avinger's Lightbox console.
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? Tier 1 players- established companies in the market with a major market share
? Tier 2 players
? Emerging players which are growing rapidly
? New Entrants
FutureWise Key Takeaways:
- Growth prospects
- SWOT analysis
- Key trends
- Key data-points affecting market growth
Objectives of the Study:
- To provide with an exhaustive analysis on the global atherectomy devices market by region, by indication, by type, by end user
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
- To evaluate and forecast micro-markets and the overall market
- To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific and Middle East & Africa
- To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
- Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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