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Atherectomy Devices - Global Market Trajectory & Analytics

  • ID: 4804977
  • Report
  • April 2021
  • Region: Global
  • 377 Pages
  • Global Industry Analysts, Inc
Global Atherectomy Devices Market to Reach $1.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Atherectomy Devices estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$1.7 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027. Directional Atherectomy Devices, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$644.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Orbital Atherectomy Devices segment is readjusted to a revised 4.7% CAGR for the next 7-year period.



The U.S. Market is Estimated at $319.9 Million, While China is Forecast to Grow at 7.7% CAGR

The Atherectomy Devices market in the U.S. is estimated at US$319.9 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$341.7 Million by the year 2027 trailing a CAGR of 7.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Photo-Ablative Atherectomy Devices Segment to Record 4.8% CAGR

In the global Photo-Ablative Atherectomy Devices segment, USA, Canada, Japan, China and Europe will drive the 4.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$132.9 Million in the year 2020 will reach a projected size of US$178.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$220.4 Million by the year 2027, while Latin America will expand at a 5.8% CAGR through the analysis period.

Select Competitors (Total 38 Featured):
  • Abbott Laboratories
  • Avinger, Inc.
  • B. Braun Melsungen AG
  • Biomerics, LLC
  • Biotronik SE & Co. KG
  • Boston Scientific Corporation
  • C.R Bard, Inc.
  • Cardinal Health, Inc.
  • Koninklijke Philips NV
  • Medtronic PLC
  • Minnetronix, Inc.
  • Ra Medical Systems, Inc.
  • Straub Medical AG
  • Terumo Corporation
Frequently Asked Questions about the Global Market for Atherectomy Devices

What is the estimated value of the Global Market for Atherectomy Devices?

The Global Market for Atherectomy Devices was estimated to be valued at $1.2 Billion in 2020.

What is the growth rate of the Global Market for Atherectomy Devices?

The growth rate of the Global Market for Atherectomy Devices is 5.1%, with an estimated value of $1.7 Billion by 2027.

What is the forecasted size of the Global Market for Atherectomy Devices?

The Global Market for Atherectomy Devices is estimated to be worth $1.7 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • A Prelude to Atherectomy
  • Popular Atherectomy Devices Currently Available in the Market
  • Atherectomy Devices Market to Witness Significant Growth
  • Growing Incidence of Peripheral Arterial Disease to Bolster the Atherectomy Devices Market
  • Atherectomy for Peripheral Artery Disease (PAD)
  • Atherectomy in Cardiovascular Application
  • Directional Atherectomy Devices - Accounting for the Largest Share of the Market
  • Orbital Atherectomy - An Important Technology for the Treatment of Peripheral Arterial Disease
  • Orbital Atherectomy and Rotational Atherectomy Prove Highly Effective in Calcified Coronary Artery Lesions
  • Laser Atherectomy Devices
  • Rotational Atherectomy Devices to Witness Steady Growth
  • Impact of Covid-19 and a Looming Global Recession
  • New Product Development/Innovations to Bolster Market Expansion

III. MARKET ANALYSIS
  • US Atherectomy Devices Market Analysis
  • FDA’s Guidelines for Atherectomy Device Submissions

IV. COMPETITION
  • Total Companies Profiled: 38
Note: Product cover images may vary from those shown