Overview
One of the major factors driving the demand for atherectomy devices is rising preference for minimally invasive surgeries. Minimally invasive surgical procedures are known to deliver faster procedural time, quicker recovery, lesser risk of complication and infections. In minimally invasive surgery, doctors use variety of methods to operate with minimal damage to the body, as opposed to traditional open surgery method. Usually minimally invasive surgery is connected with less pain, a shorter hospital stay, and less complications. Atherectomy is a minimally invasive procedure generally used to treat arteries. It can be used in veins and vascular bypass grafts as well. The demand for this surgery is increasing at a very high rate due to several factors that include - less pain, shorter hospital stay, less scarring, less injury to tissue, and higher accuracy rate. Additionally, other factors, such as continuous product development and commercialization, favorable medical reimbursement scenario in mature markets, and strengthening distribution channels of major product manufacturers is expected to aid the growth of the atherectomy devices market. The global atherectomy devices market is also witnessing significant rise in demand due to exponential rise in high risk geriatric population and incidence of lifestyle-related diseases. The atherectomy devices market, by product type is categorised into Directional Atherectomy Devices, Orbital Atherectomy Devices, Laser Atherectomy Devices, and Rotational Atherectomy Devices. These atherectomy devices are utilised is indications such as coronary artery diseases and peripheral artery diseases. The directional atherectomy systems segment is dominating and expected to hold the largest share owing to the high treatment rate, this is primarily attributed to best suitable to clinical benefits offered and ongoing increasing technological developments in the field of directional atherectomy. Also wide product range and better ability of plaque debulking further contributes to the dominance of this segment.
Additionally, there is substantial growth of Rotational Atherectomy systems in the market due to its features such as stable rotation, front-cutting and immediately engage the lesion. Almost 96% cases do not need clinical assistance up to 9 months after the procedure. This is expected to provide benefit to rotational devices and grow its market share over the next 8 years. whereas the photo-ablative (laser) atherectomy systems is expected to be the fastest growing segment owing to the growing preference by surgeons. Orbital atherectomy devices show significant growth due to the increase in a product launch. The global atherectomy devices market is segmented into Hospitals and Surgical Centres, Ambulatory Care Centres, and Research Laboratories & Academic Institutes. The hospitals and surgical centres segment accounted for the largest share of the market due to the increasing adoption of atherectomy for cardiac & peripheral vascular disease treatment and growing availability of healthcare reimbursements across major countries. As surgical specialists are one of the primary users of atherectomy devices, many countries are facing shortage of talented healthcare professionals. Due to this shortage, patients have to (reluctantly) undergo conventional procedures. These factors are limiting the scope this market. Hospitals with high patient enrolments are also facing this issue. Despite possessing the purchasing power, these hospitals cannot install such devices. In many countries, rural population forms a significant part of the total population. The shortage of healthcare professionals is more acute in rural regions, where most of the healthcare centres are owned by the state. Government schemes are funding heavily to improve to the status of health in rural regions. However, the atherectomy devices category is unable to utilize this opportunity due to shortage of experienced professionals who possess the expertise to operate such devices. This is expected to slow down the growth of the market studied along with other factors, such as, stringent regulations. Atherectomy devices market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. It is projected that the Americas dominated the global atherectomy devices market owing to the growth of the market in the North American region. Factors, such as increasing availability of reimbursements for atherectomy systems, adoption of atherectomy systems among medical professionals, large patient population of peripheral & coronary artery diseases, and increasing number of clinical trials (that aim to evaluate the therapeutic efficacy of atherectomy systems in specific disease treatment) are driving the growth of the North American atherectomy devices market. Europe is expected to
hold the second largest share in the atherectomy devices market owing to growing healthcare infrastructure. In addition, the preference for minimally invasive surgical procedures is high are factors expected to support growth of the market in Europe, and in turn is expected to drive growth of the global Atherectomy Devices market. Asia-Pacific was projected to be the fastest growing region for the global atherectomy devices market. This owes to the technological advancements resulting in the development of cost-effective atherectomy devices leading to high acceptance rate for the devices in the Asia-Pacific region. The Middle East and Africa holds the least share in the global atherectomy devices market due to the presence of economically diverse countries, and less initiatives taken by the government. The healthcare industry is witnessing dynamic activities in the form of new product approvals and increasing commercialization in various geographical locations. For instance, in November 2016, Cardiovascular Systems, Inc. signed an agreement with Medikit Co., Ltd. to distribute its two products Peripheral Orbital Atherectomy Systems (OAS) and Diamondback 360 Coronary, which gives the former company access to the 120 sales representatives distributing across more than 800 hospitals in Japan.
Major players in the Market are identified through secondary research and their Market revenues determined through primary and secondary research. Secondary
research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and Marketing executives. The percentage splits, Market shares, growth rate and breakdowns of the product Markets are determined through using secondary sources and verified through the primary sources. Inquiry about report OR ask for Sample Report @ https://www.profsharemarketresearch.com/inquiry/atherectomy-devicesmarket-report-inquiry/ Global Atherectomy Devices Market: Product Type Directional Atherectomy Devices Orbital Atherectomy Devices Laser Atherectomy Devices Rotational Atherectomy Devices Global Atherectomy Devices Market: Application Hospitals and Surgical Centres Ambulatory care Centres Research Laboratories & Academic Institutes Global Atherectomy Devices Market: Competitive Analysis Boston Scientific Corp. Cardiovascular Systems Inc. Medtronic Plc Spectranetics Corp. Avinger Inc. Royal Philips NV Terumo Corp. Atherectomy Devices Market: Regional Analysis North America U.S.A Canada
Europe France Germany Spain UK Rest of Europe Asia Pacific China Japan India South East Asia Latin America Brazil Middle East and Africa
Access Full Report @ https://www.profsharemarketresearch.com/atherectomy-devices-market/ Atherectomy Devices Market Report delivers comprehensive analysis of : Market Forecast for 2019-27 Market growth drivers Challenges and Opportunities Emerging and Current market trends Market player Capacity, Production, Revenue (Value) Supply (Production), Consumption, Export, Import analysis End user/application Analysis About Profshare Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We
work for private sector clients, along with public sector and voluntary organisations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract tangible results. For more information, visit https://www.profsharemarketresearch.com/ OR Email us at sales@profsharemarketresearch.com Contact : Mia Cox Sales Manager miacox@profsharemarketresearch.com