Atherectomy Devices Market Product Driving Factors, Capacity and Growth Rate Analysis to 2025
The Atherectomy Devices Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.
Market Insights
The global atherectomy devices market size was valued at USD 488.04 million in 2016 and is anticipated to reach USD 894.69 million by 2025, with CAGR of 6.97% over the forecast period. Increase in prevalence of Peripheral artery disease (PAD) and Deep vein thrombosis (DVT) is expected to drive the market growth over the forecast period. Increase in aging population in the US and in economically developed countries resulting in high requirement of medical devices for chronic illness. This is expected to escalate the market growth of Atherectomy devices. Major factors such as rising life expectancy declining fertility rates play a major role in market growth in the foreseeable future.
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Change in lifestyle
trends and eating habits increase Consumption of cholesterol and fatty foods
among individuals and lack of exercise which has been a major reason for
coronary artery disease and high risk of heart attacks. Depending on the
severity of the health issue atherectomy devices are used in the surgery by the
doctors. Diabetes, high blood pressure, obesity and smoking causes the blood
arteries to marrow and limit the blood supply to the heart. It is estimated that
382 billion people throughout the world have diabetes. Environmental factors
such as foods, viruses, toxins and unbalanced work life play a role in
development of diabetes. Growing number of patients with these vascular
diseases are expected to proliferate the demand for atherectomy devices.
Adopting advanced
technology by using laser, ultraviolet radiation and recombinant issue
technology and 3D image generation provides a better scope for the market.
Added benefits such as minimal incisions, higher surgical restoration rate, low
postoperative complications increase more patients opting for atherectomy
devices. New technological advancements and the recent FDA approval of Two drug
coated balloons are increasing atherectomy procedural volume and driving growth
in the demand for atherectomy devices.
Atherectomy
Devices Type Outlook (Market Revenue in USD Million, 2014 - 2025)
• Directional atherectomy
devices
• Rotational atherectomy
devices
• Orbital atherectomy
devices
• Laser atherectomy devices
Key Players
Analysis covered in these report
• Bayer
• St. Jude medical
• Boston scientific
corporation
• Abbott laboratories
• Volcano Corporation
and many others
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Devices Market Report with TOC @ https://www.millioninsights.com/industry-reports/atherectomy-devices-market-size
Atherectomy Devices Regional Outlook (Market Revenue in USD Million,
2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• Japan
• Latin America
•
Brazil
• Middle East and Africa
• South Africa
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