North America to dominate the Global Atherectomy Devices Market till 2026
Rise in demand for minimally
invasive procedures and growing healthcare expenditure is expected to drive the
global atherectomy devices market in the forecast period.
According to TechSci Research report, “Global Atherectomy
Devices Market By Product (Directional, Rotational, Laser, Orbital) By
Application (Peripheral, Cardiovascular, Neurovascular) By End Users (Hospitals
& Surgical Centres, Ambulatory Care Centres, Others) By Company, By Region,
Forecast & Opportunities, 2026”, The global atherectomy devices market
is expected to witness steady growth for the upcoming five years. Atherectomy
is a medical procedure performed to eliminate the presence of atherosclerotic
plaque from diseased arteries. Atherosclerotic plaques occur either in the
peripheral arterial vasculature or coronary and have different features
depending on the type of plague. Atherectomy devices are made in different
designs to suit various requirements such as shaving, cutting, or vaporizing of
plagues to eliminate different type of plagues. Atherectomy is widely used for
treatment of peripheral arterial disease and coronary diseases and is used as
an alternative to angioplasty. Rise in the old age population is accelerating
the demand for atherectomy devices as with increasing age the immunity level
goes down which makes them vulnerable in getting affected with cardiovascular,
and neurological diseases.
The COVID-19 outbreak across the world which has been
declared as pandemic by World Health Organization has affected several countries
adversely. Leading authorities-imposed lockdown restrictions and released a set
of precautionary measures to contain the spread of novel coronavirus.
Coronavirus affected patients started suffering from shortness of breath along
with coughing and sneezing. Leading authorities increased the capacity of
hospitals as a greater number of patients were getting affected daily and
getting admitted into the hospital facilities. Disruption in supply chain was
observed which led to unavailability of raw materials. Patients were reluctant
to visit hospital facilities which led to lower non-essential surgical
procedures being performed.
However, high cost of atherectomy devices may create
hindrance in the global atherectomy devices market growth.
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Global
atherectomy devices market is segmented into product, application, end users,
regional distribution, and company. Based on product, market can be divided
into directional, rotational, laser, and orbital. The directional product
segment is expected to dominate the atherectomy devices market for the forecast
period, 2022-2026. Ongoing technological advancements along with high demand
for minimally invasive procedure is driving the market demand. Surge in
presence of medical reimbursements for availing vascular treatment procedures
from healthcare facilities and its associated clinical benefits such as
directional atherectomy do not have the presence of barotrauma which lowers the
risk of dissection and minimizes the risk of neointimal hyperplasia. Based on application,
market can be fragmented into peripheral, cardiovascular, and neurovascular.
The peripheral application segment is expected to hold significant share for
the next five years due to use of atherectomy for PVD treatment which is
considered to have therapeutic efficient and highly effective in nature. Surge
in availability of medical reimbursements is increasing the affordability of
atherectomy procedures thereby fueling the demand for atherectomy devices. Based
on end users, market can be divided into hospitals & surgical centres,
ambulatory care centres, and others. The hospitals & surgical centres end
user segment is expected to witness substantial growth in the predicted period
due to continuous development of healthcare infrastructure. Huge patient
in-flow into the hospital facilities and availability of advanced technology
and equipment along with skilled healthcare professionals is accelerating the
growth of hospital segment.
B.
Braun Melsungen AG, Abbott Laboratories, Inc., Koninklijke Philips N.V., Boston
Scientific Corporation, Medtronic plc, Becton, Dickinson, and Company (C.R. Bard),
Terumo Corporation, Cardinal Health Inc., AngioDynamics Inc., Avinger Inc. are
the leading players operating in global atherectomy devices market. Manufacturers
are increasingly focusing on research and development process to fuel higher
growth in the market. To meet evolving customer demand with respect to better
efficiency and durability, several atherectomy devices manufacturers are coming
up with their technologically advanced offerings.
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“Market
players are adopting marketing strategies to improve the brand image and widen
their product reach to boost the sales of atherectomy devices. Rise in the
number of clinical trials being performed to increase the device efficiency and
performance such as EASE and DEFINITIVE LE are some of the clinical trials are
considered highly effective due to accurate results is anticipated to propel
the growth of the atherectomy devices market until 2026” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global
Atherectomy Devices Market By Product (Directional, Rotational, Laser, Orbital)
By Application (Peripheral, Cardiovascular, Neurovascular) By End Users
(Hospitals & Surgical Centres, Ambulatory Care Centres, Others) By Company,
By Region, Forecast & Opportunities, 2026” has evaluated
the future growth potential of global atherectomy devices market and provided
statistics & information on market size, shares, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the of global atherectomy devices market.
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