The opportunity in this market is expected to touch US$558.9 mn by the end of 2017. Further, it is likely to expand at a CAGR of 5.60% during the period from 2017 to 2022 and attain a value of US$735 mn by 2022.
Albany, NY -- (SBWIRE) -- 10/12/2017 -- In recent years, use of atherectomy devices, which cut, sand, shave or vaporize atherosclerotic plaque from diseased arteries, has increased from approximately 15% to more than 30% in peripheral interventional procedures. According to the latest study findings, the rising incidence of peripheral artery diseases is the major factor propelling the demand for atherectomy devices. Market Research Hub (MRH) has recently announced the inclusion of a new study to its wide repository, which majorly focuses on the current trends as well as future growth predictions for atherectomy devices in the global market. The report is titled as "Atherectomy Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2022" and provides a holistic perspective on market growth throughout the forecast period of 2017 to 2022 in terms of revenue estimates (in US$ Million) across different geographies, which include North America, the Middle East and Africa (MEA), Europe, Asia Pacific excluding Japan (APEJ), and Japan.
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Atherectomy devices are mainly utilized in the treatment of cardiovascular, neurovascular and peripheral diseases. The study finds that continual advancements in technologies have been boosting this market significantly. In terms of geography, North America has textured as the leading regional market for atherectomy devices across the world. The presence of a favorable reimbursement scenario has supported this regional market considerably over the past few years.
Presently, the global market for atherectomy devices is highly dynamic. By the increasing incidence rate of peripheral artery disease (PAD) among people across the world, the market is anticipated to continue its growth stripe over the next few years. In addition to this, since atherectomy is also a minimally invasive procedure, the rising preference for minimally invasive surgical procedures is likely to aid the global market for atherectomy devices remarkably in the years to come. As per the research evaluations, the opportunity in this market is expected to touch US$558.9 mn by the end of 2017. Further, it is likely to expand at a CAGR of 5.60% during the period from 2017 to 2022 and attain a value of US$735 mn by 2022.
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The market overview section of the study highlights comprehensive view of the global atherectomy devices market by assessing it on the basis of the type of devices, end-user, application, and the geography. Based on types of devices, the study includes directional devices, rotational devices, orbital devices, and laser devices. On the basis of end-use analysis, these devices find most prominent usage in hospitals, clinics, and ambulatory surgical centers (ASCs).
At last, the study concludes with an important section of competitive landscape which highlights the key players active in the market. Key players are Boston Scientific Corp., Cardiovascular Systems Inc., Medtronic Plc, Spectranetics Corp., Terumo Corp., Avinger Inc., and Royal Philips NV.
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