Global Atherectomy Devices Market Research Report, 2018 to 2025
by Susan Hill Business ConsultantThe global atherectomy devices market is expected to reach USD
894.69 million by 2025, based on a new report by Grand View Research, Inc. The
demand for atherectomy devices market is anticipated to boost over the forecast
period due to rapidly rising incidence of target diseases such as peripheral
artery disease.
New technologies and product approvals are expected
to boost the market for orbital and laser atherectomy devices over the forecast
period. For instance, in July 2016, Cardiovascular Systems Inc. submitted an
application for approval to Pharmaceuticals and Medical Devices Agency (PMDA),
Japan’s regulatory agency for pharmaceuticals and medical devices. The company
intends to launch Diamondback 360 Coronary OAS Micro Crown in the region and is
looking for potential distributors. This would be the company’s first
international market entry and the approval procedure is yet to be completed.
Further
Key Findings from the Study Suggest:
- Directional atherectomy devices was the largest segment in terms of
revenue in the year 2016. This can be attributed to their capability of
collecting the shaved plaque in a collecting space, which reduces the risk
of barotrauma, dissection, and neointimal hyperplasia.
- Laser atherectomy devices is expected to the fastest growing segment
over the next 8 years. Laser technique is perceived as to have more
precision in plaque removal and cause fewer complications. It is also
believed to result in lesser incidence of restenosis.
- Geographically, North America held the largest market share in 2015
and is expected to maintain its position during the forecast period. A
high prevalence of Peripheral Artery Diseases (PAD) in this region is one
of the key reasons for high demand of atherectomy. Almost 8.5 million
people suffer from PAD in the U.S., resulting in an annual economic burden
of nearly USD 160 million.
- Asia Pacific is anticipated to observe the fastest growth over the
coming years. Improving economic conditions leading to increasing
prevalence of lifestyle diseases, especially cardiovascular and
peripheral, is the key reason for this growth.
- Some of the key industry contributors are Boston Scientific
Corporation, Cardiovascular Systems Inc., Medtronic (Covidien),
Spectranetics, VOLCANO CORPORATION, Avinger Inc., Bayer AG, Straub Medical
AG, ST. JUDE MEDICAL, BARD Peripheral Vascular, Cardinal Health (Cordis),
and Terumo IS.
Grand View Research has segmented the atherectomy
devices market by type and region:
Atherectomy
Devices Type Outlook (Market Revenue in USD Million, 2014 - 2025)
- Directional atherectomy devices
- Rotational atherectomy devices
- Orbital atherectomy devices
- Laser atherectomy devices
Atherectomy
Devices Regional Outlook (Market Revenue in USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- Japan
- Latin America
- Brazil
- Middle East and Africa
- South Africa
Access full research report on global atherectomy devices market:
http://www.grandviewresearch.com/industry-analysis/atherectomy-device-market
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Created on Jul 2nd 2019 04:43. Viewed 412 times.