Atherectomy Devices Market Growth To Be Driven By Increasing Demand For Minimally Invasive Procedures/Surgeries (MIS) Till 2025:Grand View Research,inc.
The global atherectomy devices market is expected to reach
USD 894.69 million by 2025, based on a new report by Grand View Research, Inc.
The demand for atherectomy devices market is anticipated to boost over the
forecast period due to rapidly rising incidence of target diseases such as
peripheral artery disease.
New technologies and product
approvals are expected to boost the market for orbital and laser atherectomy
devices over the forecast period. For instance, in July 2016, Cardiovascular
Systems Inc. submitted an application for approval to Pharmaceuticals and
Medical Devices Agency (PMDA), Japan’s regulatory agency for pharmaceuticals
and medical devices. The company intends to launch Diamondback 360 Coronary OAS
Micro Crown in the region and is looking for potential distributors. This would
be the company’s first international market entry and the approval procedure is
yet to be completed.
Browse full research report on Atherectomy Devices Market: http://www.grandviewresearch.com/industry-analysis/atherectomy-device-market
Further Key Findings from
the Study Suggest:
- Directional atherectomy devices was the largest
segment in terms of revenue in the year 2016. This can be attributed to
their capability of collecting the shaved plaque in a collecting space,
which reduces the risk of barotrauma, dissection, and neointimal
hyperplasia.
- Laser atherectomy devices is expected to the fastest
growing segment over the next 8 years. Laser technique is perceived as to
have more precision in plaque removal and cause fewer complications. It is
also believed to result in lesser incidence of restenosis.
- Geographically, North America held the largest market
share in 2015 and is expected to maintain its position during the forecast
period. A high prevalence of Peripheral Artery Diseases (PAD) in this
region is one of the key reasons for high demand of atherectomy. Almost
8.5 million people suffer from PAD in the U.S., resulting in an annual
economic burden of nearly USD 160 million.
- Asia Pacific is anticipated to observe the fastest
growth over the coming years. Improving economic conditions leading to
increasing prevalence of lifestyle diseases, especially cardiovascular and
peripheral, is the key reason for this growth.
- Some of the key industry contributors are Boston
Scientific Corporation, Cardiovascular Systems Inc., Medtronic (Covidien),
Spectranetics, VOLCANO CORPORATION, Avinger Inc., Bayer AG, Straub Medical
AG, ST. JUDE MEDICAL, BARD Peripheral Vascular, Cardinal Health (Cordis),
and Terumo IS.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the atherectomy devices
market by type and region:
Atherectomy Devices Type Outlook (Market Revenue in USD
Million, 2014 - 2025)
- Directional
atherectomy devices
- Rotational
atherectomy devices
- Orbital
atherectomy devices
- Laser
atherectomy devices
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
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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