Atherectomy Devices: Peripheral Vascular Applications to Dominate The Market

What are Key Factors Driving Growth in Atherectomy Devices Market?

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.

How Global Market Will Grow in Coming Years?

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 Objective of Research is as Follows:

To define, describe, and forecast the global market on the basis of product, application, end user, and region.

2. To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities and industry-specific challenges).

3. To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.

4. To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for the market leaders.

5. To forecast the size of the market with respect to five regions: North America, Europe, Asia Pacific, and the Rest of the world.

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Which Product Segment to Dominate The Atherectomy Devices Industry?

The directional atherectomy devices segment accounted 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 clinical benefits offered (such as lack of barotrauma, less risk of neointimal hyperplasia, immediate change of bypass site, and availability of differently sized instruments to enable atherectomy in blood vessels) and ongoing technological advancements in the field of directional atherectomy.

Which are The Applications Driving Growth in Atherectomy Devices Industry?

The market is categorized into peripheral vascular, cardiovascular, and neurovascular applications. The peripheral vascular applications segment accounted for the major share of the market owing to the significant availability of clinical evidence to support the therapeutic efficacy of atherectomy in PVD treatment and growing patient preference for minimally invasive surgical procedures.

Regional Growth and Demand Factors Analysis:

Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to account for the largest share of the market in 2017, followed by Europe. Factors such as increasing availability of reimbursements for atherectomy devices, growing adoption of atherectomy devices among medical professionals, large patient population of peripheral & coronary artery diseases, and growing number of clinical trials are driving the growth of the North American atherectomy devices market. However, Asia Pacific is expected to register the highest growth rate during the forecast period.

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Key Players and Strategies Adopted by Them:

Major players operating in the market are Medtronic (Ireland), Philips (Netherlands), Boston Scientific (US), and Cardiovascular Systems (US). Other prominent players present in this market include Straub Medical (Switzerland), BIOTRONIK (Netherlands), C.R. Bard (US), and Avinger (US).