The Atherectomy Devices Market to grow on the back of on-demand healthcare, witnessing a CAGR of 11.80%

The global Atherectomy Devices market will reach US$ 1,546.1 Mn by 2026 - says PMR, a well-known name in market research.

The current scenario is such that the North American market is projected to claim a massive share of the atherectomy devices market in the years to come due to the favorable reimbursement environment and the growing demand for minimally invasive procedures. This scenario is, by all means, favoring the Atherectomy Devices market growth.

The forecast period (2022-2026) will see North America scale greater heights in the Atherectomy Devices market. This is basically because cardiovascular diseases are the biggest global cause of mortality, accounting for nearly 18.6 million deaths in the United States in 2019 alone. This factor puts pressure on the country's healthcare system, hence, the demand for atherectomy devices is projected to increase in the near future.

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Europe will maintain its second-place ranking and grow at a promising rate in the coming years. Furthermore, the growing elderly population, and increased contributions from countries like India, China, and Japan, are also expected to ensure the market's robust expansion during the forecast period.

The COVID-19 pandemic did disrupt the entire economy in wake of the healthcare personnel shifting their focus on combating Covid-19. However, the scenario has improved after September 2021.

Competitive Landscape

The Atherectomy Devices industry is moderately competitive and highly consolidated due to the presence of several large players. Key players in the market are focusing on mergers and acquisitions as the industry is in the growth phase. Companies are making strategic decisions regarding organic as well as inorganic expansion in order to expand their product portfolios and grow their market share.

Royal Philips launched peripheral and coronary artery applications, including the Nexcimer laser system, in North America in November 2021. The Nexcimer laser system can be used for peripheral and coronary atherectomy as well as lead extraction procedures.

Cardiovascular Systems, Inc. received CE Mark in January 2021 for its Diamondback 360 Coronary Orbital Atherectomy System (OAS), which combines differential sanding and pulsatile forces to treat all calcium modalities, including nodular, eccentric (irregular), and concentric calcium modalities (ring-shaped).

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Atherectomy Devices Market Categorization

Atherectomy Devices Market by Indication

Coronary Artery Diseases
Peripheral Artery Diseases

Atherectomy DevicesMarket by Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa (MEA)
Want More Insights?

PMR has presented a comprehensive report based on Atherectomy Devices market as per Device Type (rotational atherectomy devices, directional atherectomy devices, orbital atherectomy devices and laser ablation atherectomy devices.), Indication (coronary artery diseases and peripheral artery diseases) based on seven regions.

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This release was published on openPR.