Atherectomy Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Atherectomy is a minimally invasive medical procedure that uses devices to remove fatty deposits or plaque from the walls of blood vessels. This is done to restore blood flow and decrease the risk of heart attack or stroke. Atherectomy devices treat peripheral artery disease (PAD) and coronary artery disease (CAD). The global atherectomy devices market has experienced a substantial change in recent years due to the increasing prevalence of cardiovascular diseases, technological advancements, and the growing demand for minimally invasive procedures. There has been a shift towards using atherectomy devices in combination with other treatment modalities, such as stenting and angioplasty, to improve the effectiveness of treatments.

MARKET SCOPE

The "Global Atherectomy Devices Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on global market trend analysis. The report aims to provide an overview of the atherectomy devices market with detailed market segmentation by product, application, end user, and geography. The report provides key statistics on the market status of the leading atherectomy devices market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

• Based on product, the global atherectomy devices market is segmented into rotational atherectomy systems, directional atherectomy systems, orbital atherectomy systems, photo-ablative (laser) atherectomy systems, and support devices
• Based on application, the market is bifurcated into cardiovascular, peripheral vascular, and neurovascular.
• Based on end user, the market is bifurcated into hospitals, ambulatory surgical centers, and others.

MARKET DYNAMICS

Drivers

• Rising demand for minimally invasive surgical procedures
• Increase in research activities in the field of atherectomy across the world
• Growing product development

Restraints

• Stringent regulatory scenarios are expected to slow down the growth of the market.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The atherectomy devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the atherectomy devices market in these regions.

IMPACT OF COVID-19 ON ATHERECTOMY DEVICES MARKET

COVID-19 pandemic has affected the growth of the atherectomy devices market. The growth of the market was affected by the reduced production of atherectomy devices and other medical devices. Furthermore, the changed regulatory processes have also affected the market's growth amid the pandemic. In addition, the restricted inventories and supply chains have shared responsibilities to hinder the market's growth.

Atherectomy Devices Market Report Analysis

Atherectomy Devices Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• B. Braun Melsungen AG
• Koninklijke Philips N.V.
• Cardinal Health
• Medtronic
• TERUMO CORPORATION
• C. R. Bard, Inc.
• Minnetronix, Inc.
• Avinger
• Straub Medical AG.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product

• Rotational Atherectomy Systems
• Directional Atherectomy Systems
• Orbital Atherectomy Systems
• Photo-Ablative Atherectomy Systems
• Support Devices

By Application

• Cardiovascular
• Peripheral Vascular
• Neurovascular

By End User

• Hospitals
• Ambulatory Surgical Centers

MARKET PLAYERS
The report covers key developments in the atherectomy devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market payers from the atherectomy devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for atherectomy devices in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the atherectomy devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information for the last three years, and key development in the past five years.

• B. Braun Melsungen AG
• Koninklijke Philips N.V.
• Boston Scientific Corporation
• Medtronic
• TERUMO CORPORATION
• BD (C. R. Bard, Inc.)
• Minnetronix, Inc.
• Avinger
• AngioDynamics, Inc.
• RA Medical Systems Inc

Atherectomy Devices Market Report Scope