The global atherectomy devices market is projected to reach USD 1.45 Billion by 2022 from USD 1.08 Billion in 2017, at a CAGR of 6.1%.
The growth witnessed by atherectomy devices is mainly driven by the growing target patient population, continuous product development & commercialization, favorable medical reimbursements, rising demand for minimally invasive atherectomy procedures, and strengthening distribution channels of major product manufacturers.
This report broadly segments the atherectomy devices market into product, application, end user, and region. On the basis of product, the market is categorized into directional, photo-ablative (laser), orbital, rotational atherectomy systems, and support devices. In 2017, the directional atherectomy devices segment is expected to account for the largest share of the market.
It is also expected to register the highest CAGR during the forecast period. This can be attributed to the significant availability of credible clinical data to validate their clinical efficacy, rising availability of reimbursements for vascular treatment procedures across developed countries, high preference for minimally invasive procedures among medical professionals, clinical benefits offered, and ongoing technology advancements in the field of directional atherectomy.
The major players in the atherectomy devices market are Medtronic (Ireland), Philips (Netherlands), Boston Scientific (US), Cardiovascular Systems (US), Straub Medical (Switzerland), BIOTRONIK (Netherlands), C.R. Bard (US), and Avinger (US).
Growing Target Patient Population
Continuous Product Development and Commercialization
Favorable Medical Reimbursement Scenario in Mature Markets
Rising Demand for Minimally Invasive Surgical Procedures
Strengthening Distribution Channels of Major Product Manufacturers
Limited Patient Awareness Related to Disease Diagnosis
Stringent Regulatory Scenario
Dearth of Skilled and Well-Trained Surgeons
Increasing Number of Research Activities in the Field of Atherectomy
Increasing Healthcare Expenditure Across Emerging Markets
Significant Adoption of Alternative Therapies
Key Topics Covered:
1 Atherectomy Devices Market: Introduction
2 Atherectomy Devices Market: Research Methodology
3 Atherectomy Devices Market: Executive Summary
4 Atherectomy Devices Market: Premium Insights
5 Atherectomy Devices Market: Overview
6 Global Atherectomy Devices Market, By Product
7 Global Atherectomy Devices Market, By Application
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