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Global Atherectomy Devices Market, Size, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis

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    Report

  • 140 Pages
  • February 2022
  • Region: Global
  • Renub Research
  • ID: 5546188
Global Atherectomy Devices Market will reach US$ 1.8 Billion by 2027. Atherectomy is a process conducted to remove atherosclerotic plaque from diseased arteries. Atherosclerotic plaques are localized in the coronary, peripheral, or neurovascular arterial vasculature. They have different characteristics depending on the texture of the plaque. In recent years, minimally invasive atherectomy devices are intended for application in cardiovascular, peripheral vascular, and neurovascular intervention procedures. These devices are designed differently to cut, shave, sand, or vaporize the plaques and have different indications.



Global Atherectomy Devices Market Size was US$ 1.3 Billion in 2021


The increasing plurality of peripheral artery disease (PAD), atherosclerosis, diabetes, and obesity, along with the rising number of geriatric residents across the globe, are the key factors driving the growth of the atherectomy devices market. Moreover, the growing preference for MI atherectomy surgical procedures among patients and healthcare providers is creating a positive outlook.

Remarkably, atherectomy devices diminish the risks of ailments induce minimal pain and trauma. During the surgery and stimulate faster recovery of the patient. Besides, various product innovations, such as the evolution of drug-coated balloons (DCB), function as other growth-inducing factors. Other factors, including comprehensive research and development (R&D) activities and advancements in the healthcare infrastructure, are also expected to push the market further. According to this report Worldwide Atherectomy Devices Industry is expected to expand at a CAGR of 5.6% during 2021-2027.

The Excisional Product Segment Accounts for the Largest Share of the Market:


Based on product type, the industry is categorized into Excisional Product, Transiuminal Product, Rotational Product, Orbital Product, and Laser Product. The excisional product segment expects to account for the largest share of the market. The significant availability of credible clinical data to validate their clinical efficacy, rising availability of reimbursements for vascular treatment procedures across developed countries, and high preference for minimally invasive procedures among medical professionals, clinical benefits offered. Ongoing technological advancements in excisional atherectomy are attributed to the market expansion.

Growing Incidence of Coronary Artery Diseases (CADs) and Peripheral Artery Diseases (PADs):


Our report studies Global Atherectomy Device Industry by Application segregated into cardiovascular, peripheral vascular, and neurovascular applications. During coronary interventions, atherectomy is almost exclusively conducted in convergence with stenting. Its use promotes stents in patients with laboriously calcified lesions who otherwise would be transmitted for CABG.

Similarly, in peripheral interventions, atherectomy is expanding because there is a tendency away from implanting stents in the peripheral arteries. Due to apprehension about future complications, so many operators have turned to atherectomy, sometimes in conjunction with plain or drug-coated balloons, instead. Remarkably, in recent years, increasing demand for coronary and vascular intervention owing to rising cases of Coronary Artery Diseases (CADs) and Peripheral Artery Diseases (PADs) is expected to drive the atherectomy devices industry in the near future.

Globally the Hospital Accounts the Most Dominant End-Use Segment:


The Global Atherectomy Devices Industry is segregated into hospitals, ambulatory care services, and medical research institutes by end-use. As per our analysis, the hospital segment accounts for the largest market share in the atherectomy devices market. The increasing adoption of atherectomy for cardiac & peripheral vascular disease treatment and the growing availability of healthcare reimbursements across significant countries contribute to the market dominance. In addition, the high demand for treatment is expanding the number of operating rooms assisting the evolution of the hospitals, correspondingly boosting the growth of the Global Atherectomy Devices Industry.

North America is anticipated to dominate the Atherectomy Devices Market


In our report for regional analysis, the Global Atherectomy Devices Market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is anticipated to have the most extensive share of the market and factors include advancing the availability of reimbursements for atherectomy systems and adopting atherectomy systems among medical specialists. The large pool of patient populations of peripheral and coronary artery ailments and an increasing number of clinical trials are propelling the growth of the North American atherectomy devices market.

Key Market Players


Prominent players in Global Atherectomy Devices Industry include Cardinal Health, Ra Medical Systems, Inc., Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, Inc., B. Braun Melsungen, Terumo Corporation, Integer Holding Corporation, Becton, Dickinson and Company, and Avinger, Inc. Further, concerning the evolution trend of the medical device market, partnerships & mergers are amongst the key trends witnessed in the atherectomy device market in recent years. Moreover, the companies are entering the atherectomy devices market by strategically expanding their reach through mergers and acquisitions. Which is a promising trend resulting from the substantial demand for atherectomy.

COVID-19 Impact in the Global Atherectomy Devices Industry


Amidst the pandemic, the social distancing and restrictions severely disrupted businesses and operations, causing disruptions in transportation and logistics globally. The sudden eruption of the COVID-19 pandemic also led to the cancellation or postponement of numerous elective cardiovascular surgeries to decrease the risk of coronavirus infection upon hospital visits. Moreover, supply impacts were further compounded owing to reduced disposable income. However, with the recovery from the pandemic in 2021, a positive effect on the market is observed.

This latest research report “Atherectomy Devices Market, Global Forecast By Product Type (Excisional Product, Transiuminal Product, Rotational Product, Orbital Product, Laser Product) Application (Cardiovascular Applications, Peripheral Vascular Applications and Neurovascular Applications), End Use (Hospitals, Ambulatory Care Service and Medical Research Institutes), Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa), Companies (Cardinal Health, Ra Medical Systems, Inc., Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, Inc., B. Braun Melsungen, Terumo Corporation, Integer Holding Corporation, Becton, Dickinson and Company, and Avinger, Inc.)” provides a detailed analysis of Atherectomy Devices Industry.

Product Type - Market has covered from 5 viewpoints:


  • Excisional Product
  • Transiuminal Product
  • Rotational Product
  • Orbital Product
  • Laser Product

Application - Market has covered from 3 viewpoints:


  • Cardiovascular Applications
  • Peripheral Vascular Applications
  • Neurovascular Applications

End Use - Market has covered from 3 viewpoints:


  • Hospitals
  • Ambulatory Care Service
  • Medical Research Institutes

Region - Market has covered from 5 viewpoints:


  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Insights:


  • Overview
  • Recent Development
  • Revenue

Key Players:


  • Cardinal Health
  • Ra Medical Systems, Inc.
  • Medtronic plc
  • Abbott Laboratories
  • Boston Scientific Corporation, Inc.
  • B. Braun Melsungen
  • Terumo Corporation
  • Integer Holding Corporation
  • Becton, Dickinson and Company
  • Avinger, Inc

Table of Contents

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Atherectomy Devices Market
6. Market Share - Global Atherectomy Devices Analysis
6.1 By Product Type
6.2 By Application
6.3 By End Use
6.4 By Region
7. Product Type - Global Atherectomy Device Market
7.1 Excisional Product
7.2 Transiuminal Product
7.3 Rotational Product
7.4 Orbital Product
7.5 Laser Product
8. Application - Global Atherectomy Device Market
8.1 Cardiovascular Applications
8.2 Peripheral Vascular Applications
8.3 Neurovascular Applications
9. End Use - Global Atherectomy Device Market
9.1 Hospitals
9.2 Ambulatory Care Service
9.3 Medical Research Institutes
10. Region - Global Atherectomy Device Market
10.1 North America
10.2 Europe
10.3 Asia Pacific
10.4 Latin America
10.5 Middle East & Africa
11. Porters Five Forces
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12. Key Players
12.1 Cardinal Health
12.1.1 Overview
12.1.2 Recent Development
12.1.3 Revenue
12.2 Ra Medical Systems, Inc.
12.2.1 Overview
12.2.2 Recent Development
12.2.3 Revenue
12.3 Medtronic plc
12.3.1 Overview
12.3.2 Recent Development
12.3.3 Revenue
12.4 Abbott Laboratories
12.4.1 Overview
12.4.2 Recent Development
12.4.3 Revenue
12.5 Boston Scientific Corporation, Inc.
12.5.1 Overview
12.5.2 Recent Development
12.5.3 Revenue
12.6 B. Braun Melsungen
12.6.1 Overview
12.6.2 Recent Development
12.6.3 Revenue
12.7 Terumo Corporation
12.7.1 Overview
12.7.2 Recent Development
12.7.3 Revenue
12.8 Integer Holding Corporation
12.8.1 Overview
12.8.2 Recent Development
12.8.3 Revenue
12.9 Becton, Dickinson and Company
12.9.1 Overview
12.9.2 Recent Development
12.9.3 Revenue
12.10 Avinger, Inc
12.10.1 Overview
12.10.2 Recent Development
12.10.3 Revenue
List of Figures
Figure 01: Global - Atherectomy Devices Market (Million US$), 2016 - 2021
Figure 02: Global - Forecast for Atherectomy Devices Market (Million US$), 2022 - 2027
Figure 03: Product Type - Excisional Product Market (Million US$), 2016 - 2021
Figure 04: Product Type - Forecast for Excisional Product Market (Million US$), 2022 - 2027
Figure 05: Product Type - Transiuminal Product Market (Million US$), 2016 - 2021
Figure 06: Product Type - Forecast for Transiuminal Product Market (Million US$), 2022 - 2027
Figure 07: Product Type - Rotational Product Market (Million US$), 2016 - 2021
Figure 08: Product Type - Forecast for Rotational Product Market (Million US$), 2022 - 2027
Figure 09: Product Type - Orbital Product Market (Million US$), 2016 - 2021
Figure 10: Product Type - Forecast for Orbital Product Market (Million US$), 2022 - 2027
Figure 11: Product Type - Laser Product Market (Million US$), 2016 - 2021
Figure 12: Product Type - Forecast for Laser Product Market (Million US$), 2022 - 2027
Figure 13: Applications - Cardiovascular Applications Market (Million US$), 2016 - 2021
Figure 14: Applications - Forecast for Cardiovascular Applications Market (Million US$), 2022 - 2027
Figure 15: Applications - Peripheral Vascular Applications Market (Million US$), 2016 - 2021
Figure 16: Applications - Forecast for Peripheral Vascular Applications Market (Million US$), 2022 - 2027
Figure 17: Applications - Neurovascular Applications Market (Million US$), 2016 - 2021
Figure 18: Applications - Forecast for Neurovascular Applications Market (Million US$), 2022 - 2027
Figure 19: End Use - Hospitals Market (Million US$), 2016 - 2021
Figure 20: End Use - Forecast for Hospitals Market (Million US$), 2022 - 2027
Figure 21: End Use - Ambulatory Care Service Market (Million US$), 2016 - 2021
Figure 22: End Use - Forecast for Ambulatory Care Service Market (Million US$), 2022 - 2027
Figure 23: End Use - Medical Research Institutes Market (Million US$), 2016 - 2021
Figure 24: End Use - Forecast for Medical Research Institutes Market (Million US$), 2022 - 2027
Figure 25: North America - Atherectomy Devices Market (Million US$), 2016 - 2021
Figure 26: North America - Forecast for Atherectomy Devices Market (Million US$), 2022 - 2027
Figure 27: Europe - Atherectomy Devices Market (Million US$), 2016 - 2021
Figure 28: Europe - Forecast for Atherectomy Devices Market (Million US$), 2022 - 2027
Figure 29: Asia Pacific - Atherectomy Devices Market (Million US$), 2016 - 2021
Figure 30: Asia Pacific - Forecast for Atherectomy Devices Market (Million US$), 2022 - 2027
Figure 31: Latin America - Atherectomy Devices Market (Million US$), 2016 - 2021
Figure 32: Latin America - Forecast for Atherectomy Devices Market (Million US$), 2022 - 2027
Figure 33: Middle East & Africa - Atherectomy Devices Market (Million US$), 2016 - 2021
Figure 34: Middle East & Africa - Forecast for Atherectomy Devices Market (Million US$), 2022 - 2027
Figure 35: Cardinal Health - Global Revenue (Million US$), 2016 - 2021
Figure 36: Cardinal Health - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 37: Ra Medical Systems, Inc. - Global Revenue (Million US$), 2016 - 2021
Figure 38: Ra Medical Systems, Inc. - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 39: Medtronic plc - Global Revenue (Million US$), 2016 - 2021
Figure 40: Medtronic plc - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 41: Abbott Laboratories - Global Revenue (Million US$), 2016 - 2021
Figure 42: Abbott Laboratories - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 43: Boston Scientific Corporation, Inc. - Global Revenue (Million US$), 2016 - 2021
Figure 44: Boston Scientific Corporation, Inc. - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 45: B. Braun Melsungen - Global Revenue (Million US$), 2016 - 2021
Figure 46: B. Braun Melsungen - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 47: Terumo Corporation - Global Revenue (Million US$), 2016 - 2021
Figure 48: Terumo Corporation - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 49: Integer Holding Corporation - Global Revenue (Million US$), 2016 - 2021
Figure 50: Integer Holding Corporation - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 51: Becton, Dickinson and Company - Global Revenue (Million US$), 2016 - 2021
Figure 52: Becton, Dickinson and Company - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 53: Avinger, Inc - Global Revenue (Million US$), 2016 - 2021
Figure 54: Avinger, Inc - Forecast for Global Revenue (Million US$), 2022 - 2027
List of Tables
Table 01: Global - Atherectomy Devices Market Share by Product Type (Percent), 2016 - 2021
Table 02: Global - Forecast for Atherectomy Devices Market Share by Product Type (Percent), 2022 - 2027
Table 03: Global - Atherectomy Devices Market Share by Application (Percent), 2016 - 2021
Table 04: Global - Forecast for Atherectomy Devices Market Share by Application (Percent), 2022 - 2027
Table 05: Global - Atherectomy Devices Market Share by End Use (Percent), 2016 - 2021
Table 06: Global - Forecast for Atherectomy Devices Market Share by End Use (Percent), 2022 - 2027
Table 07: Global - Atherectomy Devices Market Share by Region (Percent), 2016 - 2021
Table 08: Global - Forecast for Atherectomy Devices Market Share by Region (Percent), 2022 - 2027

Companies Mentioned

  • Cardinal Health
  • Ra Medical Systems, Inc.
  • Medtronic plc
  • Abbott Laboratories
  • Boston Scientific Corporation, Inc.
  • B. Braun Melsungen
  • Terumo Corporation
  • Integer Holding Corporation
  • Becton, Dickinson and Company
  • Avinger, Inc

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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