Industry Background:
Atherectomy is a process which is performed to remove atherosclerotic plaque from diseased arteries. Atherosclerotic plates are limited in either coronary or peripheral arterial vasculature and may have different features depending on the quality of the plaque. Atherectomy devices has been used efficiently in treatment of both coronary and peripheral arterial disease. Atherectomy devices are designed differently to either cut, shave or vaporize these plaques and have different indications.
According to AMA Research, the market for Atherectomy Devices is expected to register a CAGR of 6.2% during the forecast period to 2028. This growth is primarily driven by Rising Number of Patients Suffering from Arthrosclerosis, Diabetes and Obesity.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Medical Devices sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Boston Scientific Corporation (United States), Avinger, Inc. (United States), Cardiovascular Systems, Inc. (United States), Medtronic (Ireland), Royal Philips (Netherlands), Straub Medical (Switzerland), B. Braun Group (Germany), Abbott Laboratories (United States), Terumo Corporation (Japan) and Biomerics (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On June 11, 2019 - Boston Scientific Corporation has announced that it has closed its acquisition of Vertiflex, Inc., a privately-held company that developed and commercialized the Superion Indirect Decompression System, a minimally-invasive device used to improve physical function and reduce pain in patients with lumbar spinal stenosis (LSS) the narrowing of the spinal canal, which can cause compression of nearby nerves. and On June 27, 2019 - Medtronic plc, a global leader in medical technology, announced it has completed the acquisition of Titan Spine, a privately-held titanium spine interbody implant and surface technology company. Titan Spine pioneered and leads the category of surface-enhanced titanium interbody implants with its unique nanoLOCK platform.
In 2021, Royal Philips launches peripheral and coronary applications in North America, including the Nexcimer laser system. The Nexcimer laser system can be used for peripheral and coronary atherectomy and lead extraction procedures., In 2021, Cardiovascular Systems Inc. is CE Marked for the Diamondback 360 Coronary Orbital Atherectomy System (OAS), which combines pulsatile force with differential sanding to treat all calcium therapies, including nodular, eccentric (irregular) and concentric (ring-shaped). and On April 10, 2019 - Avinger, Inc., a leading developer of image-guided, catheter-based systems for the diagnosis and treatment of patients with Peripheral Artery Disease (PAD) has announced that the Company received 510(k) clearance from the U.S. Food & Drug Administration (FDA) for its Pantheris SV (Small Vessel) image-guided atherectomy system.
Influencing Trend:
Increasing Incidence of Vascular Diseases and Disorders Related To Calcified Peripheral and Continuous Product Development and Commercialization
Market Growth Drivers:
Rising Number of Patients Suffering from Arthrosclerosis, Diabetes and Obesity
Challenges:
High Cost related to Atherectomy Devices
Restraints:
Lack of Quality Professionals and Limited Patient Awareness Related to Disease Diagnosis
Opportunities:
Infrastructural Development in Developing Regions and Increasing Demand for Vascular and Coronary Intervention
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Atherectomy Devices Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Atherectomy Devices Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Atherectomy Devices players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Atherectomy Devices Study Sheds Light on
The Atherectomy Devices Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Atherectomy Devices industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Atherectomy Devices industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.