Global Atherectomy Devices Market Analysis
Overview
The atherectomy device is suitable for removing plaque and thrombi from diseased arteries. The atherectomy device is used to effectively treat coronary and peripheral arterial disease. The plate excision equipment is designed to cut, scrape, sand or evaporate these plates. There are four main types of rotational atherectomy equipment: directional rotational atherectomy, rotational atherectomy, laser rotational atherectomy and orbital rotational atherectomy. The directional plaque resection catheter has a sharp tip that can remove plaque from the blood vessel. It is only used for peripheral blood vessels. Rotary cutting has a cutting tip that rotates at high speed and grinds the plate into powder. In laser plaque resection, there is a device at the tip of the catheter that emits a high-energy laser to evaporate the plaque material. Atherectomy uses a high-speed rotating device similar to rotational atherectomy, but it has a different tip.
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Frequent approvals of advanced atherectomy equipment are expected to drive the growth of the global atherectomy devices market during the forecast period.
Different regulatory agencies in key regions such as North America and Europe frequently approve new plaque removal devices, which are expected to drive the growth of this market. Recently, the innovative atherectomy device has received FDA approval and CE mark. In 2016, Medtronic Plc. The new HawkOne 6F targeted plaque resection system received FDA approval. In 2017, Avinger Inc. received FDA 510 (k) clearance for a new and improved Pantheris Lumivascular plaque resection system. The company modified the design of the previous Pantheris Lumivascular Plate Resection System to improve its performance. In 2017, Cardiovascular Systems, Inc. received approval for the Diamondback 360 Coronary Orbital Plaque Resection System in the U.S. During the forecast period, the increasing adoption of these innovative products is expected to drive the growth of the global atherectomy devices market.
The global atherectomy devices market was valued at USD 504.5 million in 2016 and is projected to grow at a CAGR of 6.2 percent during the forecast period (2017-2025).
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The increasing prevalence of cardiovascular disease (CVD) is due to increased demand for atherectomy equipment for the treatment of CVD due to smoking, unhealthy diet and lack of physical activity. According to a study published by the World Health Organization (WHO) in 2017, approximately 17.7 million people died of cardiovascular disease in 2015, accounting for approximately 31 percent of global deaths. Of these deaths, approximately 7.4 million died of coronary heart disease and 6.7 million died of stroke. According to 2017 data from the US Centers for Disease Control and Prevention, coronary heart disease (CHD) is one of the most common heart diseases, causing approximately 370,000 deaths in the United States each year. According to a study published by the Heart Foundation in 2015, cardiovascular disease affects one in six Australians or 4.2 million individuals. In 2015, approximately 490,000 people in Australia suffered from cardiovascular disease.
Restraints
The existence of alternative devices such as balloon angioplasty are projected to hinder the growth of the global atherectomy devices market. Balloon angioplasty is also used to enlarge blocked or narrowed blood vessels, just like atherectomy devices.
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• Current and future of global Atherectomy Devices market outlook in the developed and emerging markets
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• The latest developments, market shares, and strategies that are employed by the major market players
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Competitive Landscape
Major companies contributing in the global atherectomy devices market are Boston Scientific Corporation, Cardiovascular Systems, Inc., Koninklijke Philips N.V., Minnetronix, Inc., Medtronic plc, Biotronik, Straub Medical AG, Cardinal Health, Inc., C.R. Bard, Inc., and Avinger, Inc.
In recent years, the industry has seen many mergers and acquisitions. Boston Scientific acquired Bayer’s intervention business unit in 2014. Medtronic acquired Covidien in 2014 to strengthen its position in the global market for plaque removal equipment.
Table of Contents
- Research Objective and assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Device Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Technological Trends
- Unmet Needs
- Regulatory Scenario
- Recent Product Launch
- Technological Advancement
- PEST Analysis
- Porter’s Five Forces Analysis
- Market Dynamics
- Global Atherectomy Devices Market, By Device Type, 2017 – 2025 (US$ Mn)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-o-Y Growth Analysis, 2016–2025
- Segment Trends
- Directional Atherectomy Devices
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 – 2025, (US$ Mn)
- Rotational Atherectomy Devices
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 – 2025, (US$ Mn)
- Orbital Atherectomy Devices
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 – 2025, (US$ Mn)
- Laser Atherectomy Devices
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 – 2025, (US$ Mn)
- Introduction
- Global Atherectomy Devices Market, By Application, 2017 – 2025 (US$ Mn)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-o-Y Growth Analysis, 2016–2025
- Segment Trends
- Cardiovascular
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 – 2025, (US$ Mn)
- Neurovascular
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 – 2025, (US$ Mn)
- Peripheral Vascular
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 – 2025, (US$ Mn)
- Introduction
- Global Atherectomy Devices Market, By End User, 2017 – 2025 (US$ Mn)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-o-Y Growth Analysis, 2016–2025
- Segment Trends
- Hospital
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 – 2025, (US$ Mn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 – 2025, (US$ Mn)
- Medical Institutes
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 – 2025, (US$ Mn)
- Introduction
- Global Atherectomy Devices Market, By Regions, 2017 – 2025 (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2016 and 2025 (%)
- Y-o-Y Growth Analysis, For Regions, 2016–2025
- Regional Trends
- North America
- Market Size and Forecast, By Device Type, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By Application, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2025 (US$ Mn)
- U.S.
- Canada
- Europe
- Market Size and Forecast, By Device Type, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By Application, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2025 (US$ Mn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Device Type, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By Application, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2025 (US$ Mn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of APAC
- Latin America
- Market Size and Forecast, By Device Type, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By Application, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2025 (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Africa
- Market Size and Forecast, By Device Type, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By Application, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2025 (US$ Mn)
- Central Africa
- South Africa
- North Africa
- Middle East
- Market Size and Forecast, By Device Type, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By Application, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2025 (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2025 (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
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Major Point Answered in Atherectomy Devices Market Research Study are: –
• What will the market growth rate, Overview and Analysis by Type of Atherectomy Devices market in 2026?
• What are the key factors driving, Analysis by Applications and Countries Atherectomy Devices market?
• What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Atherectomy Devices market?
• Who are Opportunities, Risk and Driving Force of Atherectomy Devices market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
• Who are the key vendors in Atherectomy Devices market space? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the Atherectomy Devices market opportunities and threats faced by the vendors in the market?
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