Atherectomy Devices Market is valued at USD 1.45 Billion in 2021 and expected to reach USD 2.29 Billion by 2028 with the CAGR of 6.75% over the forecast period.
Rising prevalence of coronary & peripheral artery diseases and growing healthcare expenditure are key factors driving the growth of Global Atherectomy Devices Market.
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Scope of Global Atherectomy Devices Market Report:
Atherectomy can be defined as a minimally invasive endovascular surgery technique for removing atherosclerosis from blood vessels within the body. It is used as an alternative to angioplasty for the treatment of peripheral artery disease, but the studies that exist are not adequate to determine if it is superior to angioplasty. It has also been used to treat coronary artery disease, albeit without evidence of superiority to angioplasty. The use of atherectomy instead of or in addition to angioplasty remains an area of controversy, as atherectomy naturally includes the use of more costly disposable devices, and clear indication to justify its use is lacking. It is a technique applied to eliminate atherosclerotic plaque from affected arteries. It is used widely in cure of both peripheral and coronary arterial ailments.
Atherectomy Devices Market Key Players:
- Medtronic Plc.
- Boston Scientific Corp.
- Avinger Inc.
- Koninklijke Philips N.V
- Abbott Laboratories
- Braun Melsungen Ag Cardinal Health
- Terumo Corporation
- R. Bard, Inc.
- Straub Medical AG.
- Abbott Laboratories
- Minnetronix, Inc.
Global Atherectomy Devices Market Segmentation:
- Coronary Artery Diseases
- Peripheral Artery Diseases
- Directional Atherectomy
- Rotational Atherectomy
- Orbital Atherectomy
- Laser Atherectomy
- Ambulatory Surgical Centres
- Office-based Lab
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AngioDynamics Announced Commercial Launch of Auryon Atherectomy System in United States
September 21st, 2020; AngioDynamics, Inc. announced the launch of the Auryon Atherectomy System, a newly-developed innovative technology for the treatment of Peripheral Artery Disease (PAD),including Critical Limb Ischemia (CLI) and In-Stent Restenosis (ISR). The Auryon Atherectomy System uses revolutionary technology to deliver powerful treatment of PAD lesions and occlusions. The Auryon Atherectomy System is the first laser atherectomy system to efficiently treat lesions of any type, length, or location (above and below the knee), with minimal impact on vessel walls1. The Auryon Atherectomy System uses solid-state laser technology for the treatment of PAD and is FDA cleared with an indication for treatment of infrainguinal stenoses and occlusions, including ISR.
Global Atherectomy Devices Market Dynamics:
The global Atherectomy Devices market is witnessing substantial growth due to rising prevalence of coronary & peripheral artery diseases and growing healthcare expenditure. According to the global PAD study, PAD, as measured by the abnormal ankle-brachial index (ABI, the ratio of the systolic blood pressure at the ankle to the systolic blood pressure in the arm) seems to affect roughly 202 million people in the world, more than two thirds of whom residing in low- and middle-income countries (LMIC).
Global Atherectomy Devices Market Regional Analysis:
North America is expected to dominate the global atherectomy devices market with the potential rate due to extensive investment in research & development in this region. The Asia pacific is expected to emerge as the fastest-growing regional market over the forecast period due to the increasing patient awareness regarding the diagnosis of peripheral coronary diseases and benefits of atherectomy. In addition, increasing geriatric population and increasing prevalence of heart diseases are also supplementing the market growth in this region. For example; According to the Indian Heart Association; 50% of all heart attacks in Indians occur under 50 years of age and 25% of all heart attacks in Indians occur under 40 years of age. In India, more than 17 Lakh people die every year due to heart diseases and by 2030, the figure is expected to increase with 2.3 crore deaths. Around 26 percent of total deaths in India occur due to non-communicable diseases (NCD), largely referred to the heart diseases and diabetes.
Regional & Country Analysis:
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of the market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are the main factors responsible for new product launches?
- How big are the global & regional markets in terms of revenue, sales, and production?
- How far will the market grow in the forecast period in terms of revenue, sales, and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
- Which region has more opportunities?
Key Benefits of Global Atherectomy Devices Market Report:
- Global Atherectomy Devices Market report covers in depth historical and forecast analysis.
- Global Atherectomy Devices Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global Atherectomy Devices Market report helps to identify opportunities in market place.
- Global Atherectomy Devices Market report covers extensive analysis of emerging trends and competitive landscape.
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