Atherectomy Devices Market Size to Surge at the CAGR of 5.60% throughout the Foreseeable Period 2017-2022

As per the study, the opportunity in the worldwide atherectomy devices market is estimated to attain a value of US$558.9 mn by 2017. Further, it is expected to rise at a CAGR of 5.60% over the period from 2017 to 2022 and reach US$735 mn by the end of the forecast period. “The global market for atherectomy devices is highly influenced by the increasing prevalence of peripheral artery diseases (PAD) across the world,” says a TMR analyst. The significant rise in the global geriatric population has added considerably to the number of people suffering from PAD, which, eventually, is reflecting on the demand for atherectomy devices, globally. The market is also projected to gain substantially in the near future from the increasing preference for minimally invasive surgical procedures, with atherectomy being one, notes the research study.

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The report also presents a regional analysis of the global atherectomy devices market. According to the study, the market is spread across, Spread across North America, the Middle East and Africa (MEA), Europe, Asia Pacific excluding Japan (APEJ), and Japan. Among these, North America has surfaced as the leading regional market for atherectomy devices across the world. The presence of a favorable reimbursement scenario has aided this regional market considerably over the last few years.

Researchers anticipate the North America market for atherectomy devices to flourish further due to the high number of the U.S. FDA approved devices. The increasing preference for minimally invasive procedures among patients and medical practitioners, as well, is also projected to support this regional market in the long run. Expanding at a CAGR of 6.0%, this regional market is expected to retain its dominance during the period of the forecast.

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The competition in the global market for atherectomy devices is very high and is expected to intensify in the near future. Boston Scientific Corp., Cardiovascular Systems Inc., Medtronic Plc, Spectranetics Corp., Terumo Corp., Avinger Inc., and Royal Philips NV are the leading vendors of atherectomy devices across the world.

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