High prevalence of peripheral artery diseases, change in lifestyles and a rise in the geriatric population are the key factors contributing to the CAGR in the forecasted period.
According to the current analysis of Reports and Data, The global Atherectomy market was valued at USD 1.30 billion in 2020 and is expected to reach USD 2.01 billion by year 2028, at a CAGR of 6.4%. Atherectomy is a procedure to remove plaque from an artery. Removing plaque makes the artery wider so the blood can flow more freely to the muscles. This procedure is used to treat peripheral artery disease and coronary artery disease. The procedure is sometimes performed on patients with very hard plaque or on patients who have already had an angioplasty and stents but still have plaque blocking the blood flow. The procedure is specifically designed to treat narrowing in arteries caused by peripheral artery diseases. It is a frequently opted alternative to Angioplasty. The surgery is not too costly either making it an apt alternative to angioplasty. The surgery is quicker than the traditional open surgery and thus is preferred by most. In addition, it is a faster and a simpler procedure to perform and therefore is advised by many surgeons.
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The rapid adoption of AI, ML, and IoT and robust data management processes has made the hospitals and clinical settings smarter. New technologies and solutions have improved the normal medical processes such as clinical diagnosis, treatment, diseases management, and monitoring patient recovery after discharge. Rapid digitalization and increasing adoption of virtual care and telemedicine is further expected to positively impact the revenue growth of the market going ahead.
Emergence of new healthcare and telemedicine startups, increasing number of collaborations among healthcare facilities and research institutions, and rising focus on patient engagement solutions has further fueled revenue growth of the market. Key companies are forming strategic alliances and collaborative ventures such as mergers and acquisitions, joint ventures, partnerships, manufacturing and licensing agreements, and product launches among others.
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Leading Players Analyzed in the Report:
Phillips Healthcare, Bayer AG, BARD Peripheral Vascular Inc., Boston Scientific, Medtronics, Cardiovascular Systems Inc. and Avinger Inc.
Furthermore, to offer a better understanding of the competitive landscape, an extensive SWOT analysis and Porter’s Five Forces analysis are included in the report. Along with this, feasibility analysis and investment return analysis are also covered in the report.
The report further discusses in detail the regional spread of the global Atherectomy market along with analysis of production and consumption patterns, import/export analysis, supply and demand ratio, market share and size based on volume and value, trends and demands, revenue share, and presence of the key players of the market.
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Key Regions Studied in the Report:
· North America (U.S., Canada, Mexico)
· Europe (U.K., Italy, Germany, France, Rest of Europe)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Segmentation based on Types:
Type (Revenue, USD Million; 2018–2028)
- Excisional
- Transluminal
- Laser
- Rotational
- Orbital
- Other
Application (Revenue, USD Million; 2018–2028)
- Peripheral Artery Diseases
- Coronary Artery Disease
- Neurovascular Disease
End Use (Revenue, USD Million; 2018–2028)
- Hospitals
- Ambulatory Care Centers
- Medical Research Institutes
- Cardiac Catherization Lab
- Other
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