Persistence Market Research is released upcoming report on title "Atherectomy Devices Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 03/27/2015 -- Atherectomy is a minimally invasive surgical procedure used in the removal of atherosclerosis from blood vessels of the human body. Atherosclerosis is usually characterized by thickening of artery wall due to the invasion and accumulation of white blood cells (WBCs). Atherectomy devices are generally used in the treatment of peripheral vascular disease and coronary artery disease. Peripheral vascular disease (PVD), also known as peripheral arterial disease (PAD), is exemplified by narrowing of arteries outside of the brain and heart. Major risk factors of PVD include elevated blood cholesterol, smoking, diabetes, inactivity, hypertension and overweight or obesity. Coronary artery disease is one of the most common types of heart disease and caused by formation of plaque on the inner walls of the arteries of the heart and inflicts the normal blood flow. This can lead to angina and heart attacks. Most heart attacks happen when blood clot suddenly inhibits the normal supply of blood.
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The global atherectomy devices market is segmented into laser atherectomy devices, rotational atherectomy devices, orbital atherectomy devices and directional atherectomy devices.
In terms of geographic, North America and Europe dominates the global atherectomy devices market. The U.S. represents the largest market for atherectomy devices followed by Canada in North America. In Europe, France, Germany and the U.K. holds major share of atherectomy devices market. However, Asia is expected to show high growth rates in the next five years in global atherectomy devices market due to growing population in the region. In addition, aging population is also supporting in growth of atherectomy devices market in the region. According to UN reports, China is expected to have about 30% of total population of elderly people by 2050. India and China are expected to have larger geriatric population compared to developed countries such as the U.S. Elder people are more susceptible towards heart diseases compared to adults. Japan, China and India are expected to be the fastest growing atherectomy devices markets in Asia.
In recent time, increasing prevalence of PAD and rise in aging population are some of the major drivers of global atherectomy devices market. Presence of genetic influences among patients has resulted in high incidence of acute PVD in every parts of the world. This has result in significant rise in the demand of atherectomy devices for their treatment. In addition, increasing demand of minimally invasive surgeries for treatment of heart diseases is also supporting in the growth of global atherectony devices market. Atherectomy devices performed through small incisions in the human body and offer several advantages such as provides less painful surgeries, short recovery time, low cost treatment and reduces length of stay in hospitals.
However, stringent regulations and lack of awareness among people about PVD are some of the major restraints for the global atherectomy devices market. Changing life-style, increasing prevalence of diabetes and rising number of obesity populations develop opportunities for the global atherectomy devices market.
Some of the major companies operating in the global atherectomy devices market are Spectranetics Corp., Boston Scientific Corp., Covidien plc, Bayer AG and Cardiovascular Systems Inc.
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Key points covered in the report:
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.
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