Press release
Huge Innovation in Chronic Total Occlusion Market 2019-2025 to Access Global Industry Key Players like Medtronic, Terumo Corporation, Cordis, Abbott and others
Chronic Total Occlusion Market is expected to grow as increasing demand for minimally invasive surgical procedures, rising prevalence of artery diseases, technological advancements, and rising geriatric population are expected to fuel the market growth during the forecast period. In addition, increasing medical tourism in emerging nations are likely to have a positive impact on the growth of the global chronic total occlusion market in the coming years.“Global Chronic Total Occlusion Market is to grow with a CAGR of 8.1% and will be touch US$ 516.1 Million during the forecast period from 2018-2025, According to the latest research report by The Insight Partners”
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Companies Mentioned:
• ASAHI INTECC CO., LTD.
• SoundBite Medical Solutions
• Integer Holdings Corporation
• Baylis Medical Company, Inc.
• SPECTRANETICS
• C. R. Bard, Inc.
• Boston Scientific Corporation
• Medtronic
• Terumo Corporation
• Cordis
• Abbott
Strategic Insights
Acquisitions and approvals were observed as the most adopted strategy in global chronic total occlusion industry. Few of the acquisitions and approvals made by the players in the market are listed below:
2018: In April, 2018, Asahi Intecc Co., Ltd received CTO indication from US FDA for its PTCA guidewires: ASAHI Gaia series, MIRACLEBROS/ASAHI Miracle series, CONFIANZA/Conquest series, FIELDER XT, FIELDER XT-A, FIELDER XT-R, ULTIMATEbros 3 and Microcatheters: ASAHI Corsair, Corsair Pro microcatheters.
2017: In August, 2017, Koninklijke Philips N.V. acquired The Spectranetics Corporation. This acquisition will accelerate Philip’s strategic expansion into therapy devices.
Global chronic total occlusion market, based on end user was segmented hospitals, ambulatory care centers and others.
In 2017, hospitals segment held the largest share of the market, by end user. CTOs are blockages that have typically been present for above than three months.
These blockages are a result of severe build-up of fatty deposits or plaque within the arteries (atherosclerosis) and are one of the complications from coronary artery disease (CAD). Hospitals dominate the end user segment as it is the primary health systems in most of the countries.
Hence the number of CTO procedures in hospitals is more than any other healthcare facility. Also, increasing adoption of new technology devices in the hospitals and rising hospital research drives the market growth. Thus, hospitals is expected to dominate the end-user segment during the forecast period.
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Since the last 25 years, the number of cardiovascular cases has increased in Europe and in the European Union. The addition in the cardiovascular cases are observed in most of the countries in this region. According to the European Cardiovascular Disease Statics in 2015, near about 85 million people in Europe and 49 million in EU were suffering with cardiovascular diseases. In
Europe, every year cardiovascular disease (CVD) causes 3.9 million deaths and more than 1.8 million deaths in the European Union (EU). The CVD accounts for 45.0% of all deaths in Europe and 37.0% of all deaths in the EU. CVD is the major reason of the death in men and women in all countries.
Technological Advancements
Advancement in the field of science has enhanced the chronic total occlusion devices. Many industry players have come up with innovative types of chronic total occlusion devices in last few years. The advancement in the chronic total occlusion devices has led to the faster and easier treatment and recovery of patients.
For instance, in September 2018, SoundBite Medical Solutions Inc. (SBMS) launched the ACTIVE Trial, recently approved study by Health Canada for the demonstration of the potential of the SoundBite Active Wire to cross coronary chronic total occlusions (CTOs). Moreover, in February 2018, Asahi Intecc received the FDA approval for CTO (Chronic Total Occlusion) indication for selected products. The approval aims to provide help to the cardiologists to successfully complete complex procedures that now account for up to 70 percent of cases.
Hospitals Segment is expected to grow the Market for Chronic Total Occlusion over the Forecast Period for End User Segment.
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Key Benefits of Buying this Research Study:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Chronic Total Occlusion Market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the Chronic Total Occlusion Market, thereby allowing players across the value chain to develop effective long term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
• Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: www.theinsightpartners.com
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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