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Atherectomy Devices Market Analysis By Top Players Medtronic, Cardiovascular Systems, Inc. (CSI), and Koninklijke Philips N.V.

04-28-2021 01:40 PM CET | Health & Medicine

Press release from: Global Market Insight, Inc

Atherectomy Devices Market Analysis By Top Players Medtronic,

Growing prevalence of chronic disorders such as hypertension, diabetes, obesity and atherosclerosis across the globe has evoked the demand for atherectomy procedure. As the patients suffering from these diseases are susceptible to the risk of developing cardiac and diabetic ailments as well as peripheral atrial diseases, application of atherectomy equipment has enormously increased as an efficient treatment solution in this regard. This is expected to provide major impetus to the global atherectomy devices market over the coming years.

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According to Global Market Insights, Inc., atherectomy devices market size is projected to surpass USD 1 billion by 2027.

Significant increase in the number of hospitalizations due to rising influx of patients managing atrial plaque through angioplasty, and surgical interventions coupled with increasing demand for minimally damaging surgical operatives, is favoring the product adoption further. Apart from this, ongoing technological advancements are opening new growth opportunities for the industry. For instance, in 2020, Leading manufacturer of medical devices, AngioDynamics, Inc. launched an innovative laser-based technology solution named Auryon Atherectomy System for the treatment of Peripheral Artery Disease (PAD), In-Stent Restenosis (ISR) and Critical Limb Ischemia (CLI).

An overview of some of the major segments that are augmenting the growth of atherectomy devices market is outlined as under:

With regards to the product type, orbital segment is gaining a significant prominence across the industry. For the records, the segment had secured a sizeable revenue share of over 30% of in 2020. This can be credited to the elevating product demand owing to its ability to increase orbiting speed and orbiting action, which helps in reducing considerable amount of time during the atherectomy procedures. In addition, orbital atherectomy devices like Diamondback 360° Orbital Atherectomy System, which is integrated with proprietary guide wire system, allows the usage of guide wires of configurable sizes and increases the scope of applications. Orbital atherectomy is highly recommended for the treatment of calcified lesions and diseased veins which evokes the product adoption further.

Based on the application bifurcation, coronary applications segment is witnessing higher product adoption and is anticipated to register an appreciable CAGR of 12.0% through 2027. As per a 2019 published article, coronary artery calcification disease is largely prevalent among the patients suffering from coronary heart disease condition. The disease is individually related to the cardiovascular risk of death among the patients of chronic kidney disease which fueling the demand for atherectomy devices.

Speaking of the end-users of atherectomy devices, ambulatory surgical centers are emerging as a lucrative segment showcasing higher product demand. This is majorly due to the increasing patient inclination for these healthcare settings for peripheral vascular procedures. Besides, factors such as favorable reimbursement scenario, better operational efficiency, shorter duration of stay, convenient environment, availability of highly efficient professionals, etc. are fostering the adoption of atherectomy devices in these healthcare facilities. Considering these factors, ambulatory surgical centers segment across atherectomy devices industry is estimated to witness over 9.7% CAGR through 2027.

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Regionally, Brazil had dominated the atherectomy devices market in Latin America by registering a valuation of around USD 7.0 million in 2020. This can be attributed to the factors such as increasing life expectancy, growing disposable income, development in medical technology, rising healthcare expenditure, and shifting preference towards early disease detection and non-invasive procedures for pulmonary vascular disorder treatments. Besides, rise in sedentary lifestyle, unhealthy dietary habits, geriatric population and chronic disorders is instigating the prevalence of peripheral artery disease (PAD) in the country. This in turn is driving the growth of regional atherectomy devices market.

Partial Chapter of the Table of Content

Chapter 4. Atherectomy Devices Market, By Product

4.1. Key segment trends

4.2. Directional Atherectomy Devices

4.2.1. Market size, by region, 2016–2027 (USD Million)

4.3. Orbital Atherectomy Devices

4.3.1. Market size, by region, 2016– 2027 (USD Million)

4.4. Laser Atherectomy Devices

4.4.1. Market size, by region, 2016– 2027 (USD Million)

4.5. Rotational Atherectomy Devices

4.5.1. Market size, by region, 2016-2027 (USD Million)

Chapter 5. Atherectomy Devices Market, By Application

5.1. Key segment trends

5.2. Peripheral Vascular Applications

5.2.1. Market size, by region, 2016– 2027 (USD Million)

5.3. Coronary Applications

5.3.1. Market size, by region, 2016– 2027 (USD Million)

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Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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