The global atherectomy devices market is witnessing a new phase of technological advancements with the launch of many advanced and innovative coronary atherectomy devices.
According to the latest Arizton's market research report, the atherectomy devices market size to cross revenues of $1.2 billion by 2025, growing at a CAGR of over 7% during the period 2019–2025.
Atherectomy Devices Market Growth
The overall growth of the global atherectomy market is mainly attributed to the higher adoption of coronary atherectomy devices along with the high prevalence of CAD and PAD that need accurate, sensitive, and effective surgical treatment for the removal of plaque from arteries. The availability of positive clinical evidence demonstrating the superiority of the latest generation advanced coronary atherectomy devices, end-users will become increasingly aware of the clinical benefits of these products and will more rapidly adopt them as an essential surgical tool mainly for treating cardiovascular diseases. The overall improvement in patient management, rising demand for minimally invasive surgical practice, and favorable reimbursement policies for coronary atherectomy devices are also contributing to the higher adoption of atherectomy devices across the globe.
Technological Advancements in the Market
The global atherectomy devices market is witnessing a new phase of technological advancements with the launch of many advanced and innovative atherectomy devices. Currently, several atherectomy devices are being used, with positive clinical evidence, improved clinical outcomes, and physician experience regarding the usage of such devices. Innovations in coronary atherectomy devices, in terms of procedures and construction, play a pivotal role in increasing the effectiveness of the devices. The growing demand for MI and less invasive techniques has encouraged several vendors to develop advanced technology platforms such as the latest-generation atherectomy devices to address the prevailing unmet needs in the treatment of PAD and CAD. The demand for MI surgeries is increasing at a phenomenal rate due to growing awareness among patients, favorable reimbursement coverage for these techniques, and an increase in the prevalence of high-risk patients who are the major target population for this procedure.
- Market Size & Forecast by Revenue | 2019−2025
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by procedures, end-user, applications, and geography.
- Competitive Landscape – 4 Key Company Profiles and 17 Other Prominent Vendors
Atherectomy Devices Market – Geographical Analysis
In 2019, North America dominated the market followed by Europe, APAC, Latin America, and the Middle East and Africa. North America is growing at a significant rate due to the growing preference for minimally invasive surgical procedures for atherectomy. The presence of a large patient pool of peripheral and coronary artery diseases with increasing acceptance of coronary atherectomy devices among healthcare professionals has collectively supported North America’s lead in the global market. The major revenue contributors in Europe are Germany, France, the UK, Spain, and Italy. The growth in the European region is due to the presence of highly sophisticated healthcare infrastructure, high awareness levels regarding the availability of advanced coronary atherectomy devices, and increased inclination toward minimally invasive surgical approaches with a rising patient pool of CAD and PAD.
The global atherectomy devices market is moderately competitive and characterized by the presence of very few key players offering these devices. There are approximately four key vendors offering atherectomy devices. The market is consolidated with only a few major players who accounted for about 95% of the overall atherectomy devices market in 2019. The market is witnessing rapid technological advancements and is significantly affected by new product launches. Cardiovascular Systems, Medtronic, Koninklijke Philips, and Boston Scientific are the key players in the market. All the companies that were primarily deriving revenues from atherectomy devices have been growing at a significant rate in the last few years. Multiple product launches and diversified product portfolios stimulated their growth in recent years. It is expected that increased R&D activities and new product launches are to be crucial strategies for companies to maintain revenue growth.
Looking for more information? Click Here
About Arizton Advisory & Intelligence
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
Arizton has gained a paramount standpoint in the market research arena as it offers top-of-the-line solutions to clients to assess the market landscape and to finalize foolproof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Call: +1-312-235-2040/+1 302 469 0707
Nov 30, 2023
Compact Construction Equipment Sales And Revenue Forecast in Italy, France, Germany and UK- Arizton
Compact Excavators Generate Nearly 70% of the Compact Construction Equipment Sales...
Nov 22, 2023
Cardiac Biomarkers Market Booms with Fierce Competition and Dynamic Innovation – Arizton
Abbott, Bio-Rad Laboratories, Danaher, F.Hoffmann-La Roche, PerkinElmer, Siemens Healthineers are th...
Nov 09, 2023
Smart Products Creating Enormous Opportunities in the $453.9 Million Worth Laboratory Glass Washers Market- Arizton
The Laboratory Glassware Washers Market to Record Revenue of $453.89 Million by 2028...