Atherectomy is a procedure performed to remove the atherosclerotic plaque from the arteries. This procedure is performed to improve the blood flow through the diseased artery and to reduce the blood pressure exerted on the lumen (Also known as “Revascularization”). The phenomenon of deposition of atherosclerotic plaque in the arteries is termed as “Atherosclerosis”. Atherectomy is performed for the treatment of coronary as well as peripheral arterial disease as atherosclerotic plaque can get deposited in either of the two arteries depending on the texture of the plaque.
Instruments which are implemented to perform atherectomy procedure are termed as Atherectomy devices. Atherectomy devices helps to remove atherosclerotic plaque by cut, shave and by vaporizing the plaque. Atherectomy device is inserted into the body with the help of minimal incision and is guided to the site of the diseased artery for the removal of plaque. Atherectomy devices are available in wide range depending on the mechanism of action, diameter of the diseased artery and the requirement of the procedure.
Atherectomy devices market is growing mainly due to increasing prevalence of Coronary and Peripheral artery disease globally. Other major reasons for the upcoming growth of Atherectomy devices market will be ageing population, increasing obese population and more and more people suffering from diabetes which makes the population more prone to Atherosclerosis. Due to these factors the Atherectomy devices market is expected to grow in the upcoming years however awareness of the issue and adaptation of a better lifestyle might help avoid the condition of atherosclerosis.
The global atherectomy devices market can be classified on the basis of site of disease, mode of action and geography.
Based on site of disease, the atherectomy devices market can be segmented as:
Based on mode of action, the atherectomy devices market can be segmented as:
Atherectomy devices market will grow due to the introduction of innovative products in the market. Market players are coming up with better techniques and products to meet the demand of the customers. Availability of different products makes it easy for the medical practitioners to perform the atherectomy procedure with precision. Atherectomy devices market contributes a healthy share in the Interventional Cardiology & Peripheral Vascular Devices Market.
Depending on geographic regions, global Atherectomy devices market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is the leading region for atherectomy devices market followed by Europe. High number of procedures being performed in these two regions due to better awareness and availability of resources make them the leading regions in the global market. Asia Pacific market will be growing at a great pace in the upcoming years majorly due to vast population. Increase in the ageing population is also an important factor for the rise of atherectomy devices market in Asia Pacific region.
Some of the key market players in global Atherectomy devices market are Boston Scientific Corporation, Abbott Laboratories, C. R. Bard, Inc., Covidien, Medtronic, Inc., Volcano Corporation, St. Jude Medical, Inc., Cordis Corporation (Subsidiary of J&J), Spectranetics International BV, Terumo Medical Corporation to name a few. These are the big players in the atherectomy devices market due to presence of wide variety of products. The competition in Atherectomy devices market is majorly based on technological advances and the pricing of the product.
Key geographies evaluated in this report are:
Key features of this report