The global atherectomy devices market is poised to exhibit a strong 6.12% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). Major drivers and restraints of the atherectomy devices market are also described in the report in great detail, including information on the macroeconomic factors working in the background. Regulatory factors affecting the global atherectomy devices market are also studied in the report to provide readers with a comprehensive understanding of the market. Atherectomy devices are used to remove plaque from blood vessels. Atherosclerosis is a growing medical concern in developed countries, where the growing prevalence of obesity, high blood pressure, and cardiac conditions has driven significant development in medical devices used to treat these diseases. Atherosclerosis is caused by various factors, including blood pressure conditions and obesity, and is becoming increasingly prevalent due to the growing prevalence of these conditions. This has driven the demand for effective clinical devices to treat atherosclerosis. Growing consumption of junk food and the growing consumption of cigarettes, especially in developing economies, are likely to remain major drivers for the global atherectomy devices market.
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The growing demand for minimally invasive devices in the healthcare sector is likely to be a major driver for the global atherectomy devices market. The healthcare sector has exhibited a clear trend towards noninvasive and minimally invasive devices in recent years, with patients preferring minimally invasive surgeries due to the minimal risk of infection or post-surgical complications. Doctors are also preferential to minimally invasive operations, as they make the operation less complicated and easier to perform. The rapid development of minimally invasive device technology has led to a growing demand for more developed, advanced versions of atherectomy devices and is likely to remain a key driver for the atherectomy devices market over the forecast period.
Leading players in the global atherectomy devices market include Straub Medical, Minnetronix Inc., Koninklijke Philips, Cardinal Health, R. Bard, Boston Scientific Corporation, Biotronik, Biomerics, B. Braun Melsungen AG, Avinger, and Abbott. Key tactics employed by these players in the atherectomy devices market are profiled in the report in order to provide readers with a comprehensive overview of the competitive dynamics in the market.
In September 2019, Cardiovascular Systems Inc. Announced FDA approval of its new ViperWire Advance coronary guide wire with flex tip.
The global atherectomy devices market is segmented on the basis of product type, application, end user, and region.
By product type, the global atherectomy devices market is segmented into photo-ablative (laser) atherectomy systems, directional atherectomy systems, orbital atherectomy systems, rotational atherectomy systems, and others. Directional atherectomy systems hold the largest share in the global atherectomy devices market due to their widespread use and high efficacy in treating atherosclerosis. However, photo-ablative atherectomy systems represent a technological advance over directional atherectomy systems and are thus likely to rise in demand over the coming years, as they present a higher efficacy in removing plaque buildup. The higher costs of photo-ablative atherectomy systems have been the primary factors holding them back, with many healthcare agencies, particularly in developing regions, unable to afford the latest in medical device technology and having to rely on legacy systems. However, growing healthcare expenditure is expected to result in growing adoption of laser atherectomy devices in the coming years.
By application, the global atherectomy devices market is segmented into cardiovascular, neurovascular, peripheral vascular, and others.
By end-use, the global atherectomy devices market is segmented into hospitals, ambulatory surgical centers, and others.
The Americas holds the dominant share in the global atherectomy devices market, followed by Europe. The growing prevalence of atherosclerosis in North America is likely to ensure continued dominance of the Americas in the global atherectomy devices market over the forecast period.
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